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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 […]
PNB, Syndicate Bank & Union Bank of India may come under RBI’s prompt corrective action (PCA). ET has reported that Reserve Bank of India imposes restrictions on these lenders in the next one month probably by this quarter (30th June). PCA involves imposition of various restrictions such as branch expansion, halting dividend payments, taking fresh loan proposals […]
NPCI’s UPI based payment platform BHIM & Rupay along with SBI apps is now launched in Singapore for remittance. Prime Minister Mr. Narendra Modi had launched these three Indian mobile payment apps in Singapore at a business event aimed at internationalization of the country’s digital payment platform. This is the start of Globalization of Indian […]
Syndicate Bank Q4 Results 2018 – Public sector lender Syndicate Bank has published the financial results of Q4 FY 2017-18. Bank has reported a net loss of Rs 2,195.12 crore in the last quarter ended March 31. Loss is mainly reported in the quarter due to high provisioning and increase in Gross Non Performing Assets (NPA). In […]
Learn in few easy steps, how to fix Syndicate Bank fund transfer limit of account using Internet Banking Facility – Syndicate Bank has added a new features in their Internet Banking Facility for customer. Any of customer can modify or fix the fund transfer limit of their account without visiting the branch. Click How To […]
The Central Bureau of Investigation (CBI) filed charges against former chairman and managing director R K Dubey over allegations of providing about Rs 68 crore loan to Delhi-based jewellery company, Occasion Silver Pvt Ltd, which fell under Quick Mortality Assets and turn bad within a year of the bank giving it the loan. Charges were […]
The country’s largest lender, State Bank of India has reduced charges for non-maintenance of Average Monthly Balance (AMB) in savings accounts by nearly 75 per cent. The charges for non-maintenance of AMB for customers in Metro and Urban centers have been reduced from a maximum of Rs 50 per month to Rs 15 per month. Semi-Urban […]
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