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Latest Banking News & Financial updates from around the web. Daily updates on Global Banking News, Financial Markets, Economy and News from the different banks.
New Type of Banking Fraud – A new modus operandi came to the notice of New Delhi district police while investigating a case of Banking Fraud. It was revealed that one of the customer of Central Bank of India (CBI) lost approximately Rs 11.5 lakh from his current account. The victim had an account at […]
Largest bank in India, State Bank of India (SBI) has reported banking fraud of Rs 5,555.48 crore for quarter April to September 2018. These amounts were involved in 1329 cases. In response to a query of RTI activist Chandrashekhar Gaud, SBI said that 669 cases of fraud amounting to Rs 723.06 crore were reported in the […]
Merger of Bank of Baroda, Vijaya Bank & Dena Bank are now approved by board of individual bank. The proposal of merger is now send to government of India for formal approval. Bank of Baroda MD & CEO states that the next step for the merger is getting government’s formal approval, followed by the swap […]
Phishing is now a common terminology for banking sector and fraudsters are doing anything to gain access to customer personal and financial information, like asking for their User ID, Password, OTP, Grid Values etc. This is then used to access bank account and do unauthorized transactions. The level of cyber fraud is now reached at higher […]
Enforcement Directorate (ED) has arrested the a former director of Andhra Bank in connection with a money laundering probe case involving a Gujarat-based pharma firm ‘Sterling Biotech’. The ED had alleged that Mr Anup Prakash Garg, former director had infused several crores of his unaccounted cash in various companies through many Kolkata based bogus shell companies with […]
Government of India, Ministry of Finance has appointed the Executive Directors (EDs) to various Public Sector Banks. DFS secretary Rajeev kumar has tweeted along with the notification and list of all the newly appointed EDs. PTI reported the list of all the 14 general managers who have been appointed as executive directors (EDs) in different public […]
Government of India, the Appointments Committee of the Cabinet headed by Prime Minister Narendra Modi has approved the appointment of 10 MDs and CEOs in Public Sector Banks. The list of newly appointed MDs & CEOs are : (input by PTI) Mrutyunjay Mahapatra and Padmaja Chundru, (Deputy managing directors in State Bank of India) have been […]
Public Sector Bank Mergers – Rumor is running around web related to merging of six new banks i.e. Punjab National Bank, Indian Bank, Indian Overseas Bank and Canara Bank, Syndicate Bank and UCO Bank. Read – Government Announces Merger Of Bank of Baroda, Dena Bank And Vijaya Bank Government of India had announced the merging of three […]
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