Tag: Bank

5 arrested for duping banks of Rs 50 lakh using celebrities’ details: Delhi Police

Delhi Police have busted a gang and arrested five people for allegedly duping banks of over Rs 50 lakh by using details of celebrities.

March 3, 2023

Rising interest rates will help Indian banks post healthy profits in FY23: S&P

In a report on the Indian banking sector, S&P Global Market Intelligence said five of the six biggest banks by assets in India reported an increase in net income for the fiscal second quarter ended September 30, 2022.

November 19, 2022

Growth of bank deposits slowed down in FY2022: Report

The growth of bank deposits across the market have slowed down to 10 per cent year-on-year (YoY) as per the Reserve Bank of India's (RBI) data, said Kotak Securities Ltd in a report.

October 7, 2022

DCW issues notice to Indian Bank over discriminatory guidelines for women

The Commission has taken suo-moto cognizance on media reports of framing of new guidelines by the Indian Bank for recruitment of staff. As per the media reports, a recent circular issued by the bank prevents women who are more than three-month pregnant from joining service, despite having been selected through due process.

June 20, 2022

Odisha government to release Rs 804 crore in bank accounts of 40 lakh farmers

Odisha Agriculture Minister Dr Arun Kumar Sahoo put up an advertisement in the newspaper on Tuesday morning stating, "the Odisha government will be releasing Rs 804 crores in the bank accounts of 40 lakh farmers in the state."

May 3, 2022

ED questions Omar Abdullah in connection with J-K Bank scam

Abdullah appeared before the investigators around 11 am at ED's headquarters. The Jammu and Kashmir National Conference (JKNC) leader was earlier summoned by the ED and was asked to visit its office on Thursday here.

April 7, 2022

Merger to unlock value for HDFC Bank, positive for macro economy: Brokerage

In a major development, Housing loan firm Housing Development Finance Corporation on Monday approved the merger of its wholly owned subsidiaries HDFC Investments and HDFC Holdings with HDFC Bank.

April 4, 2022

As Taliban ban girls from secondary schools, World Bank suspends $600mn projects

The projects were being prepared for implementation by United Nations agencies to support agriculture, education, health and livelihoods, the World Bank said, Pajhwok News reported.

March 30, 2022

Octogenarian spends night in Hyderabad bank due to staff’s negligence

The shocking incident occurred in Union Bank of India's branch in posh Jubilee Hills area and came to light on Tuesday after police traced and rescued him.

March 29, 2022

World Bank offers US $125 million loan to help poor in West Bengal

The project would also support the creation of a tele-consultation network for social care services, complemented by a cadre of case management workers who can help households with advice on eldercare and links to health services and facilities.

March 10, 2022

UP bank manager arrested for Rs 45 crore fraud

The accused, Akhilesh Kumar (42), had a case lodged against him at Krishna Nagar police station by, Manoj Kumar Meena, the regional office head of Canara Bank (Vipin Khand).

February 1, 2022

Odisha Govt plans to implement land bank scheme for compensatory afforestation

The government is intent on making use of the latest provisions of forest laws for expeditious implementation of the critical infrastructure and development projects, Chief Secretary Mahapatra said.

January 19, 2022

IPPB operated by the India Post crosses five crore customer mark in three years

The Ministry claimed that India Post digital bank has become one of the fastest-growing digital payment banks in the country which has opened five crore accounts in digital and paperless mode through 1.36 lakh Post Office including 1.2 lakh rural post officers

January 18, 2022

Afghanistan’s central bank trying hard to stabilise crippling economy

The country's central bank has said that it has held several meetings with foreign exchange dealers, representatives of commercial banks

December 15, 2021

3 HDFC bank staff, 9 others try to siphon funds from NRI account, held

Preliminary investigation revealed that the kingpin learnt about a dormant NRI account with huge funds and with the help of the female HDFC employee, got a cheque book of the account concerned and lifted the freeze on the account. 

October 19, 2021

ICICI Venture infuses Rs 160 cr in room AC maker Epack Durable

he investment has been done by India Advantage Fund Series 4 and Dynamic India US S4 I, which are funds advised by ICICI Venture.

October 7, 2021

HDFC Bank aims to double rural presence, hire 2,500 people

HDFC Bank said that after the expansion, the bank's reach will increase to a third of the villages in the country.

September 26, 2021