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Banking News

Sudha Balakrishnan – First CFO of Reserve Bank of India (RBI)

Reserve Bank of India (RBI) has appointed Sudha Balakrishnan as first Chief Financial Officer (CFO). Sudha Balakrishnan is a NSDL executive and her...

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Banking News

PSB Bank’s Strike – Rs 20,000 Crore Worth of Banking Transactions Hit

A two days bank strike by Public Sector Banks hit the transactions worth Rs 20,000 crore. Industry body Assocham, urging the United...

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Bank Account Queries

What is Bait Money and its importance in Bank’s Audit ?

Bait money is the money which is being kept in the Bank locker and duly recorded for tracking down the robbers. This is basically...

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Banking News

Rs 83,000 Crore Bank Dues Settled in Recent Months

The newly-enacted Insolvency and Bankruptcy Code (IBC) has forced nearly 2100 companies who have defaulted on repayment of loans to banks, to...

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Banking News

Rs 13,417,00,00,000 is the total Loss of PNB in Q4 FY 2017-18

PNB Q4 Financial Results - Fraud hit Punjab National Bank (PNB) has reported a loss of Rs 13,417 crore in Q4 of...

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Banking News

Syndicate Bank Declared Q4 Results 2018

Syndicate Bank Q4 Results 2018 - Public sector lender Syndicate Bank has published the financial results of Q4 FY 2017-18. Bank has reported a...

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Banking News

Allahabd Bank Under Restriction to Collect Deposits and Lending

Reserve Bank of India has put additional restriction on State Run Public Sector Bank Allahabad Bank in lending to risky assets and...

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Banking News

Tutorial – How To Report Bank’s Fraud Cases to CBI ?

Checkout the various CVC guidelines on reporting of fraud cases to investigating agencies like CBI. Central Vigilance Commission (CVC) has revised the guidelines...

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