Banking News Syndicate Bank

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 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 […]

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 accepting high cost deposits. Allahabad Bank is already under RBIs prompt corrective action (PCA) due to higher NPA. Additionaly RBI has also restricted lender for expansion of risk weighted average and reduce exposure […]

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 for reporting the cases of frauds to different departments like CID,  State Police or CBI incase of Public Sector Banks. [box type=”info” align=”aligncenter” ]Frauds of minimum Rs 3 crore and to Rs 25 […]