Through small ticket financing under MUDRA, the bank will be financing Amul's retailers, wholesale dealers/area milk distributors and exclusive Amul preferred outlets-milk parlours, a statement said.
During 2022-23 the bank initiated more than 35 digital journeys, including different RAM segments and opening new accounts under CASA through Tab banking to reduce turnaround time.
SBI and PNB announced to hike FD interest rate days after the RBI ramped up efforts to control excess liquidity from the banking system.
The system, developed by the National Payments Corporation of India (NPCI), mandates a customer issuing the high-value cheque to reconfirm some essential details which are cross-checked while presenting the cheque in clearing before payment.
In the case of the ICICI Bank, the RBI said the statutory inspection for supervisory evaluation of the bank was conducted by it with reference to its financial position as of March 31, 2019.
CyberX9 has claimed that the vulnerability provided access to the entire digital banking system of PNB with administrative control.
The deceased was identified as Shraddha Gupta, who had joined the bank in 2015 as a clerk. She then cleared departmental exams and got promoted. She was posted at Faizabad since 2018.
According to the agency, the latest sale proceeds take the total value of recovery to Rs 9,041.5 crore, or 40 per cent of the over Rs 22,000 crore allegedly defrauded by the trio.
RBI has imposed penalty aggregating to Rs 6 crore on Bank of India and Punjab National Bank for contravention of norms.
The Qatar Airways' private jet that was sent by India to bring back fugitive diamantaire Mehul Choksi from Dominica has left the Caribbean island country after nearly seven days, according to public flight data.
PNB Housing Finance on Monday said its board has approved a proposal to raise up to Rs 4,000 crore by issuing equity shares and convertible warrants to entities led by Carlyle Group firms.
Fugitive diamantaire Mehul Choksi is understood to have gone missing in Antigua and Barbuda with the police launching a manhunt to trace him since Sunday, local media outlets reported.
PNB has extend the validity of old cheque of account holders in Oriental Bank of Commerce and United Bank of India by three months.
PNB is India's second-biggest state-run lender. The scam stunned the financial sector of the country after a fraud worth Rs 11, 400 crore was unearthed at a single branch in Mumbai.
Punjab National Bank has invited applications for the posts of peons in their branches in various places.
The bank has raised Rs 3,788.04 crore from qualified institutional placement (QIP) in December following which the government holding in the bank came down from 85.59 per cent to 76.87 per cent.
PNB has already informed its customers that it will ban both financial and non-financial transactions from non-EMV ATM machines from February 1.
State-owned Punjab National Bank (PNB) on Thursday announced the extension of its festival bonanza offer till March.
In a major banking fraud, prominent banks in the country have been cheated of over 500 crore rupees. The Central Bureau of Investigation (CBI) has registered two separate cases relating to the bank frauds.
According to the changed rule, cash withdrawals from Punjab National Bank ATMs will now not be possible without an OTP.
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