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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.
In the latest development, the Indian government has announced the merger of three public sector banks — Bank of Baroda, Dena Bank and Vijaya Bank. An announcement in this regard was made after a meeting of the ‘alternative mechanism’ set up last year to consider consolidation in the banking sector. The proposal will now need to […]
if an employee, depressed due to office pressure and workload commits suicide, the superiors or boss of the employee cannot be held responsible for abatement. Top court in India has given decision in this regard while hearing a case pertaining to rejection of a case where an argument made by the Aurangabad bench of the Bombay […]
Fake Banking News Related to 6 days continuous Bank Holidays in the month of September PAN India – Government of India, Department of Financial services (DFS) has finally tweeted on their official handle @DFS regarding #Rumours on social media about closure of banks in 1st week of September. DFS has stated that Banks to function as […]
Now open saving account with Syndicate Bank easily under online mode. The process of opening Syndicate Bank saving account is very easy and can be completed in few easy steps. Syndicate Bank has named their online saving account opening as Synd Swayam. Android and iStore application is also available to download and apply for saving […]
Posting of CEO & MD’s in 11 Public Sector Banks are finalized by Government and notification in this regard is underway. These 11 public sector banks are either not having CEOs or about to retire. the official notification is yet to be published. The list of newly appointed MDs & CEO include: 1.Ms Padamaja Chunduru-Indian […]
Tough task for CEOs & MD of Public Sector Banks, finance Ministry has given warning to all CEOs of public sector banks (PSBs) either to check all non-performing assets (NPA) accounts exceeding ₹50 crore for fraud or they could face criminal conspiracy charges. This is an extra precaution to keep bankers from getting into legal tangles. […]
In a sudden move, Government of India has dismissed Allahabad Bank Managing Director Usha Ananthasubramanian from service. Ananthasubramanian is the former CEO & managing director of scam hit Punjab National Bank. She was sacked on last day at work before retirement. Though it was her last day at work, Ananthasubramanian will not enjoy any retirement benefits. She was […]
Public Sector Bank Syndicate Bank has posted a net loss of Rs. 1,282 crore for the quarter ended 30th June 2018 is due to higher provisioning, reduction in Treasury Income and MTM depreciation. he highlights of Syndicate BAnk quarter result for 30th June 2018. Highlights – Global Business is at Rs. 4,74,976 crore. – Domestic CASA […]
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