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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.
Reserve Bank of India may punish statutory auditors for lapses in conducting banks’ statutory audit which includes barring them from taking fresh audit assignment. Decision of punishing the auditors came in to the pictures after significant divergence found in asset classification in almost all leading banks including ICICI Bank and Axis Bank. RBI further said the […]
Recommended List of MD & CEO for Public Sector Banks – Banks Board Bureau (BBB), a body for shortlisting the Top posts in Public Sector Banks has recommended names of 14 executives to the Government of India for the post of chief executive and managing director of public sector banks. All these 14 executives are […]
LIC is now the owner of IDBI Bank, as the Insurance Regulatory and Development Authority of India (IRDA) on Friday approved a proposal by Life Insurance Corporation of India (LIC) to raise its stake in IDBI Bank up to 51% from the current 10.82%. IRDA has given a special relaxation to LIC to enhance share […]
Education Loan above 4 Lakh to be covered as per Bank Guidelines – In a big relief to encounter the higher Non performing Assets (NPA) under Education loan, Madras High Court has ruled that any individual can’t demand the Education loan of over Rs 4 lakh as their right, without any security, and that its […]
Syndicate Bank Customer Care Number of Mobile Banking/UPI & Internet Banking has changed. Recently Official Twitter handle of the bank @SyndicateBank has reported this : Read – How To Renew Synd Arogya Health Policy of Syndicate Bank Online ? Toll Free Helpline number for Internet Banking/Mobile Banking/UPI is migrating to 1800 3011 3333 & 1800 208 3333. The existing […]
ATMs Machine Upgrade with Security Software to curb hacking – Reserve Bank of India (RBI) has set the compliance timelines for upgrading the ATMs of banks with latest security software and other related compliance items. All the banks need to upgrade their ATMs latest by 30th June 2019. The list of upgrades include implementing security measures […]
Government has appointed Arijit Basu as new managing director of State Bank of India. Prior to becoming deputy managing director, Arijit Basu served as managing director of SBI Life Insurance. He will fill the position that fell vacant following the elevation of Rajnish Kumar as the chairman of the SBI. He also served as Chief Risk Officer (CRO). […]
ICICI Bank-Videocon Fraud Case – Fresh whistle blower complaint against Private lender ICICI Bank on it’s 31 loan accounts, where it was complained that the bank had not correctly classified these account NPA as per the exatant guidelines of RBI and alleges that interest income and recoveries from non-performing assets (NPA) have been accounted as fees. It […]
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