Bank
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RBI cancels licence of THIS Maharashtra-based bank, all operations prohibited. Check details
Business | January 29, 2021 21:08 ISTThe reason cited the absence of adequate capital and earning prospects as the reason behind the cancellation.
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RBI cancels licence of THIS bank. Check details
Business | January 11, 2021 21:08 ISTThe RBI on Monday said it has cancelled the licence of Vasantdada Nagari Sahakari Bank, Osmanabad, Maharashtra as the bank would be unable to pay its present depositors in full in its current financial position.
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CCPA seeks RBI intervention on banks delaying refund in case of failed transactions
Business | January 01, 2021 13:16 ISTAmid rising consumer complaints regarding delay in reverse or refund of money deducted on account of failed or cancelled banking transactions, newly set up consumer protection regulator CCPA has flagged this issue to the RBI seeking its intervention to ensure banks reverse such money on time.
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Bank fraud! CBI files chargesheet against 24 accused for alleged loss of over Rs 297 crore to variou
Business | December 29, 2020 21:31 ISTThe Central Bureau of Investigation (CBI) has today filed a chargesheet before Special Judge for CBI cases, Mumbai against 24 accused including a private company based at Mumbai, its director, Chartered Accountant, then officials of Indian Overseas Bank, Directors/proprietor of associated companies/firms etc for causing an alleged loss of Rs 297.80 crore (approx) to the bank.
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Over Rs 8,000 crore bank fraud! SBI, Canara Bank register complaint against private firms
Business | December 18, 2020 23:30 ISTThe Central Bureau of Investigation (CBI) has registered two separate cases related to bank fraud to the tune of Rs. 7926.01 crore (approx) and Rs.313.79 crore (approx).
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RBI cancels licence of THIS bank, all operations prohibited. Check details
Business | December 08, 2020 20:09 ISTThe bank has been prohibited from conducting the business of 'banking' which includes acceptance of deposits and repayment of deposits with immediate effect.
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Lakshmi Vilas Bank branches to operate as DBS Bank India Ltd from Friday
Business | November 25, 2020 19:08 ISTLakshmi Vilas Bank Ltd. branches will operate as DBS Bank India Ltd. branches from November 27, 2020. The development has come hours after the Cabinet announced that it has approved the merger of Lakshmi Vilas Bank Ltd. with DBS India.
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Lakshmi Vilas Bank merger with DBS India approved, no more restrictions on withdrawals
Business | November 25, 2020 19:08 ISTDays after a month long moratorium was imposed on the Tamil Nadu based Lakshmi Vilas Bank, the Union Cabinet on Wednesday approved the scheme of Amalgamation of Lakshmi Vilas Bank with DBS Bank India Limited.
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DBS Bank issues maiden green loans in India worth Rs 1,050 crore to CapitaLand
Business | November 18, 2020 19:46 ISTDBS Bank on Wednesday said it has issued its first two green loans in India totalling Rs 1,050 crore to CapitaLand. DBS grows its sustainable financing footprint with maiden green loans in India totalling Rs 1,050 crore.
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RBI restricts withdrawals at Rs 25,000 from Lakshmi Vilas Bank till Dec 16
Business | November 25, 2020 15:54 ISTThe Reserve Bank of India (RBI) has capped withdrawal limit at Rs 25,000 from Lakshmi Vilas Bank till December 16 due to its detoriating financial condition and safeguard the interest of its customers till a resolution is reached.
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MP man imparts education to under privileged on banks of Narmada
News | November 13, 2020 11:40 ISTMadhya Pradesh man is doing his bit to impart education to underprivileged children with his sincere efforts in Jabalpur.
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Banks cheated as 8 men secure credit cards by producing forged documents in Delhi; all arrested
Crime | November 07, 2020 10:39 ISTThe Delhi Police Saturday arrested eight persons for cheating banks by getting credit cards on the basis of forged documents. The arrests were made by the Economic Offence Wing.
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Asked banks to pay difference in interest to borrowers: RBI to SC
Business | November 01, 2020 20:56 ISTThe RBI has informed the Supreme Court that it has asked the banks, and financial institutions as well as the non-banking financial institutions to take "necessary actions" to credit the accounts of eligible borrowers, by November 5, with the difference between compound and simple interest collected on loans of up to Rs 2 crore during the moratorium scheme.
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Former Chairman of Karnataka Bank dead
India | October 11, 2020 12:14 ISTFormer chairman and CEO of the city-based Karnataka Bank, Ananthakrishna, died at a private hospital here on Sunday after a brief illness, family sources said. He was 74.
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Lakshmi Vilas Bank Directors voted out by part of promoter group, institutions, public
Business | September 27, 2020 16:50 ISTEven as shareholders of Lakshmi Vilas Bank voted out a majority of the board members, including promoter K.R. Pradeep, the voting pattern, as per the regulatory filing, shows some interesting aspects.
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Gujarat: Thief accidentally slits his own throat while robbing bank, dies
India | August 11, 2020 11:47 ISTA thief accidentally killed himself by slashing his throat from the electric cutter he was using to rob a bank in Gujarat's Vadodara district. According to the police, the incident took place on the intervening night of Saturday and Sunday.
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Fire breaks out at bank in Kolkata's BBD Bagh; no injury
India | July 31, 2020 12:36 ISTThe incident was reported at the India Exchange Place branch of the Union Bank at 8.15 am and six fire tenders were rushed to the spot, the official said.
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Bank employees 15 per cent hike in salary, Performance-Linked Incentive explained
Business | July 24, 2020 14:32 ISTBank employees' unions and the Indian Banks' Association (IBA) have reached an agreement for a 15 per cent annual hike in wages. The two parties also agreed for the introduction of Performance Linked Incentive (PLI). What you need to know.
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Odisha: Woman drags mother on cot after bank demands physical verification to withdraw pension money
India | June 15, 2020 7:41 ISTIn an unfortunate incident, a video of a woman dragging her mother on a cot to a bank in Odisha's Nuapada district surfaced recently. The woman was seen dragging her 100-year-old mother on a cot to a bank to withdraw her pension money allegedly after the bank asked for physical verification.
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Gold items go missing from SBI branch safe in Madhya Pradesh
India | June 13, 2020 9:31 ISTOver a hundred packets of gold items have allegedly gone missing from State Bank of India's (SBI) station road branch here, a police official saidon Friday.
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