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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

RBI Starts Audit of Public Sector Banks For LoU’s & Trade Finance Activities

Post Punjab National Bank Fraud - Reserve Bank of India (RBI) has started the auditing of all the public sector banks for...

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Banking News

Rs 389 Crore Fraud Detected in Oriental Bank of Commerce (OBC)

After Punjab National Bank (PNB) scam, and many other banks, another public sector bank, Oriental bank of Commerce (OBC) has filed the...

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Banking News

Now Fraud in City Union Bank, Amounting Rs 12.8 Crores

Fraud in City Union Bank - Past week was really very bad for India's Banking sector. Post PNB scam,City Union Bank  said it...

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Banking News

RBI levies Rs 2-5 crore penalty on Few Banks

Reserve Bank of India (RBI) has imposed a whopping Rs 5 crore penalty on Public sector lender Syndicate Bank and Rs 2...

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Banking News

CBI launches AML probe against UCO Bank for Rs 20,000 crore hawala scam

State run bank UCO bank is under CBI and Enforcement Directorate (ED) scanner for Rs 20,000 crore hawala scam. ED sought help...

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Banking News

Bank Union Filed Petition in Supreme Court Against Aadhaar Services

Union of Bank employees have filed a petition against Aadhaar Related services including setting up enrollment center in the Supreme Court. Bank...

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Banking News

UCO Bank’s Introduction of Performance Based Salary in Government Bank Faces Premature Death

UCO Bank, A nationalized bank tried to start a new phenomenon in Government Banking scenario i.e. Performance based salary, which ultimately dead...

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