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In a sudden move, Government of India has dismissed Allahabad Bank Managing Director Usha Ananthasubramanian from service. Ananthasubramanian is the former CEO & managing director of scam hit Punjab National Bank. She was sacked on last day at work before retirement. Though it was her last day at work, Ananthasubramanian will not enjoy any retirement benefits. She was […]
Public Sector Banks are gearing up to compete with Private Sector banks and it’s started with right track – Three Public Sector Banks i.e. State Bank of India (SBI), Punjab National Bank (PNB) and Bank of Baroda (BoB) are planning to introduce performance-linked salary structure for the senior management. First time in the history of Public Sector Bank […]
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 […]
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 […]
Recent arrest of Bank of Maharashtra MD & CEO Ravindra Marathe, its executive director Rajendra Gupta, zonal manager Nityanand Deshpande and four other officials along with former chairman Sushil Muhnot in an alleged cheating case lodged against real estate developer DS Kulkarni and his wife has angered the Bankers and Indian Bankers Association has come in […]
Public Sector Bank of Maharastra Chairman & CEO along with Executive Director, Zonal Manager and previous Managing Director arrested by Economic Offences Wing (EOW) in a case of Rs. 3,000 crore fraudulent loans extended to Pune’s DSK Group. Beside Ravindra P. Marathe, the Chairman and Managing Director of Bank of Maharashtra, the EOW has also arrested the bank’s Executive […]
New RBI Governor Shri Mahesh Kumar Jain – IDBI Bank CEO & MD Shri Mahesh Kumar Jain appointed as the Deputy Governor of Reserve Bank of India (RBI). The government on Monday appointed IDBI Bank Ltd chief executive officer Mahesh Kumar Jain as a deputy governor of the Reserve Bank of India (RBI) for three years. […]
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 […]
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