Bank
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Gold items go missing from SBI branch safe in Madhya Pradesh
India | Jun 13, 2020, 09:31 AM 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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Attention job seekers: SBI invites applications for CFO post; offers annual package of Rs 1 crore
Jobs | Jun 10, 2020, 11:06 PM ISTThe country's largest lender State Bank of India has invited applications from eligible candidates for the post of Chief Financial Officer (CFO) on contract basis at a salary package of Rs 1 crore, three times more than its chairman's.
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Bank NPAs may worsen to 11.6% by end of this fiscal due to coronavirus pandemic: Report
Business | Jun 04, 2020, 06:56 PM ISTGross non-performing assets (NPAs) of banks are likely to worsen to 11.3-11.6 per cent by the end of this financial year from 8.6 per cent as of March 2020, due to disruptions caused by the coronavirus pandemic, according to a report.
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Telangana woman dies in queue at bank to draw aid
India | Apr 18, 2020, 08:36 AM ISTA woman collapsed and died while waiting in the queue before a bank in Telangana on Friday to draw the Rs 1,500 financial assistance extended by the state government.
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Loan moratorium: Banks ask customers to be cautious against frauds
Business | Apr 10, 2020, 06:49 PM ISTSeveral banks have cautioned their customers against possible attempts by fraudsters as they became active to exploit the three-month loan repayment moratorium offer in the wake of the coronavirus outbreak, officials said on Friday.
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Karnataka Bank allays depositors concerns, says well capitalised
Business | Mar 11, 2020, 08:29 PM ISTMangaluru head-quartered Karnataka Bank on Wednesday said it is well capitalised, fundamentally strong bank and depositors need not worry about safety of their money.
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Charges on ATM cash withdrawal likely to increase; operators write letter to RBI
Business | Feb 18, 2020, 10:20 AM ISTWithdrawing cash from bank ATM soon to become costly as India's ATM operators' association has written to the Reserve Bank of India (RBI) seeking a hike in the interchange fee paid by customers.
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Indian banking system at the cusp of huge growth in next decade: TCS executive
Business | Feb 06, 2020, 11:31 PM ISTIndian banking system may be staring at big challenges, but is at the cusp of huge growth in the next decade, a top TCS executive said on Thursday. There are very few industries which can boast of a 15 per cent growth on a yearly basis for ten years, TCS chief executive Rajesh Gopinathan said, conceding that this makes him envious of the business.
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MP bank strike: 31,000 staff skip work; 7,000 branches, 9,700 ATMs hit
Business | Jan 31, 2020, 06:27 PM ISTThe two-day nationwide strike called by bank unions to press for a salary revision saw over 31,000 staff from Madhya Pradesh staying away from work on Friday, a union functionary said.
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Banks allowed to utilise Vijay Mallya's movable assets to clear debt
Business | Jan 01, 2020, 02:45 PM ISTA special court here has permitted a consortium of 15 banks led by the State Bank of India (SBI) to utilise movable assets of former liquor baron Vijay Mallya towards repayment of his debt.
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Turban bank at Bangla Sahib Gurudwara to motivate Sikh youngsters
India | Nov 24, 2019, 11:42 AM ISTA Sikh youth can have a turban at a cost of Rs 50, from the turban bank at Bangla Sahib. In a matter of few days only 500 turbans have been given while 1000 have been received by the bank, for this noble cause," Sirsa said.
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CSB Bank IPO opens today: All you need to know
Business | Nov 22, 2019, 01:22 PM ISTThe Bank has a strong base in Kerala along with a significant presence in Tamil Nadu, Karnataka and Maharashtra. The IPO price band has been set at Rs 193-195 per share.
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Ayodhya judgment: Ram Naam Bank announces 'bonus' for account holders
India | Nov 17, 2019, 11:05 AM ISTThe Allahabad-based 'bank', which neither has ATMs, nor cheque books and its only 'currency' is Lord Ram, has announced the bonus for nearly one lakh of its account holders.
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Two bank staff booked for swindling money from dead customer's account
Crime | Nov 16, 2019, 11:20 AM ISTWhen Sheikh Mohideen and Chinnadurai found that no one had come forward to claim the money deposited in theaccount of Emisola, after she died a few years ago, the duo renewed the account by forging her signature and created an ATM card, which was used to draw the money, police said.
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No levying of charges on NEFT payment from January: RBI to banks
Business | Nov 08, 2019, 05:36 PM ISTCome January 2020, and customers may not have to pay any charges for transactions done through the popular NEFT system.
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Lakshmi Vilas Bank's non-independent director resigns
Business | Nov 02, 2019, 03:29 PM ISTA statement issued by Lakshmi Vilas Bank on Friday said: "Anuradha Pradeep (Non-Executive and Non-Independent Director) has resigned from the directorship of the bank on November 01, 2019."
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Close to 70 senior bankers in fray for Laxmi Vilas Bank's top-post
Business | Oct 28, 2019, 11:28 AM ISTThe recruitment process, which is currently underway, will get over by November 10 and the new management will take charge by the first week of December if the Reserve Bank approval comes in.
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ACB files FIR in J&K Bank loan fraud case
India | Oct 19, 2019, 11:57 PM ISTThe Anti Corruption Bureau (ACB) of Jammu and Kashmir on Saturday registered an FIR in the J&K Bank loan fraud case of Rs 1,100 crore advanced to Rice Exports India (REI) Agro Ltd. Searches have been conducted at many locations in Delhi, Jammu and Srinagar.
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Banks' credit growth rate slows to 8.8%, shows RBI data
Business | Oct 12, 2019, 06:39 AM ISTOutstanding loans rose Rs 596.53 trillion ($8.40 billion) from a fortnight earlier to Rs 97.71 trillion as on September 27.
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Reconsider 18 pc GST on group medical insurance for bank retirees
Business | Oct 11, 2019, 05:32 PM ISTCPI general secretary D Raja on Friday wrote to Finance Minister Nirmala Sitharaman urging her to reconsider the 18 per cent GST on the annual Group Health Insurance Policy of retired bank employees.