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 issuance of LoU’s
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 cased against Delhi’s
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 suffered three fraudulent
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 crore penalty on
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 of CBI on
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 Union has stated
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 after creating a
Syndicate Bank Withdraws ‘No Work, No Pay’ Circular Issued at Regional Level
After UCO bank, it’s Syndicate Bank who has informed that the order of their regional level offices for “No Work, No Pay” have been withdrawn.
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