Banking News

Revised Performance Linked Incentive Calculator for Public Sector Banks

by Askbanking November 24, 2024November 24, 2024 11th Bipartite Settlement, Bank Account Queries, Banking HowTo, Banking News, Careers & Jobs, Demonetization, Financial Calculator, IMPS, Insurance, Internet Banking, Jeevan Pramaan, Loan FAQ, Loan Ratio, Mobile Banking, NPS, Professional Tax, Salary Structure, SBI, Share & StocksLeave a comment

Revised Performance Linked Incentive Calculator for Public Sector Banks – The Finance Ministry has unveiled a performance-linked incentive (PLI) scheme for the senior executives of public sector banks (PSBs) i.e. Chief Manager, AGM, DGM, General Managers and CGM than MD & CEO including Executive Directors. The PLI ceiling for Managing Director & Chief Executive Officers and […]

Banking News Canara Bank

Canara Bank Official Twitter ‘X’ Handle Hacked

by Askbanking June 23, 2024 Banking News, Canara BankLeave a comment

Canara Bank Official Twitter ‘X’ handle hacked – Public sector Canara Bank has announced that its official social media handle on X was hacked, Canara Bank on Sunday acknowledged it, saying their X handle has been compromised. The hacker changed the username of the handle to ‘ether.fi’. The official account (@canarabank) has around 2.55 lakh […]

Banking News

RBI Bans IIFL Finance From Sanctioning Gold Loans

by Askbanking March 4, 2024March 4, 2024 Banking News1 Comment

RBI Bans IIFL Finance From Sanctioning Gold Loans and disbursement from immediate effect. RBI has stopped the IIFL from financing the Gold Loan due to certain material supervisory concerns which were observed in its gold loan portfolio. The Reserve Bank of India (RBI) identified that IIFL Finance had surpassed allowable cash collections and lacked transparency […]

Banking News

RBI Imposes Monetary Penalty on SBI & Other Banks

by Askbanking February 26, 2024 Banking NewsLeave a comment

RBI Imposes Monetary Penalty on SBI & Other Banks – The Reserve Bank of India (RBI) has imposed monetary penalty on State Bank of India, Canara Bank, and City Union Bank for rule violations. The central bank imposed Rs 2 crore penalty on State Bank of India, Rs 32.30 lakh on Canara Bank, and Rs 66 […]

Banking News

BOI, IOB, and UCO Bank Get New Chairmen

by Askbanking February 22, 2024 Banking NewsLeave a comment

Public Sector BOI, IOB, and UCO Bank Get New Chairmen – The Appointments Committee of the Cabinet (ACC) has appointed former LIC Chairman M R Kumar as part time non official Director as well as non-executive Chairman of Bank of India (BOI) He has been appointed as BOI Chairman for a term of three years. […]

Banking News

UCO Bank Stops IMPS Service For Customers

by Askbanking November 21, 2023December 19, 2023 Banking NewsLeave a comment

Public Sector UCO Bank stops IMPS service for customers due to some internal technical glitches. The popular instant money transfer facility IMPS (Immediate Payment Service) is now provided offline to customers by the bank. Earlier the bank had reported a technical issue in IMPS was observed due to which “certain transaction(s) initiated by holders of other […]

Banking News

Ashwani Kumar Appointed as New CEO & MD of UCO Bank

by Askbanking March 17, 2023December 19, 2023 Banking NewsLeave a comment

FSIB has recommended the appointment of Ashwani Kumar as New CEO & MD of UCO Bank. He is currently serving as the Executive Director (ED) of Indian Bank. His prior experiences with Bank of Baroda, Corporation Bank, Oriental Bank of Commerce, & PNB. The final decision on the FSIB recommendation would be taken by the […]

Banking News

Bank of Maharashtra Reduces home loan Interest to 8.4%

by Askbanking March 12, 2023December 19, 2023 Banking NewsLeave a comment

Public Sector Bank of Maharashtra Reduces home loan Interest to 8.4%, the lowest as far as the other banks are concerned. Recently the another public sector Bank of Baroda had reduced the Rate of Interest on home loan to 8.50%. The move made by BoM to push the retail lending growth of the bank and […]