Banking News

Arun Jaitely Against State Police Investigating Public Sector Bankers

Finance Minister Arun Jaitely said that “State police investigating a Central PSU threatens the federal balance”.He further added that overreach of Central, State investigation agencies has threatened bankers; anti-graft law affecting honest decision-making. Read – Bank Of Maharashtra Chairman, ED Arrested in Rs. 3,000 Crore Fake Loans Case Finance Minister was quoting with reference to the recent […]

Banking News Canara Bank

Canara Bank To Raise Rs 1,000 Crore Through Employee Stock Purchase Scheme

Canara Bank is raising Rs 1000 crore through Employee Stock Purchase Plan. Canara Bank board has approved the purchase of 6 crore equity shares to its staff to raise up to Rs 1,000 crore under employee stock purchase scheme. The bank has plans to raise Rs 7,000 crore during 2018-19. Read – Rs 7,840 Crore Equity Capital […]

Banking News Syndicate Bank

Rs 7,840 Crore Equity Capital Will Be Raised By Syndicate Bank This Fiscal

Public Sector Syndicate Bank has announces to raise equity capital of Rs 7,840 Crore. The capital will be raised through various means  including preferential issue to the government, creating equity shares by way of qualified institutional placement or rights issue or follow on public issue or any another mode in one or more tranches. The decision of […]

Syndicate Bank

Syndicate Bank Offering Free EMV Chip Debit Cards, Blocking Magnetic Strip cards

Syndicate Bank Offering Free EMV Chip Based Debit Card – Public Sector Syndicate Bank has twitted a notification on their Official handle for blocking of Magnetic Strip card post 31st December 2018 with the reason of enhanced security concern on Debit Cards. They are further, issuing free of cost EMV Chip based Debit cards to all […]