Highlights

  • New Delhi:GAIL honored with Golden Peacock Award..

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  • New Delhi: HSCC's agreement of worth 1,800 crore for upgradation medical projects..

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  • New Delhi: Capex utilisation in DFCCIL increased 21%-Railway Minister reviewed the progress..

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  • New Delhi: ISA announced Dr Ajay Mathur as its new Director-General..

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  • New Delhi: Shri Somnath Nandi assumed charge as Director - Technical, NMDC..

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  • New Delhi: BALCO CEO Shri Abhijit Pati recognised amongst most promising Business Leader of Asia 20-21..

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  • New Delhi: BPCL approved Oman Oil Company stake in Bina refinery project..

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  • New Delhi: First Driverless Metro train will be flagged off on Magenta Line..

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  • New Delhi: Shri Nitin Gadkari will lay foundation stone for 33 highway projects of Rs 11000 crore..

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  • New Delhi: Govt taking several measures to support economy-ahead with PSU stake sale says Sitharaman..

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BANK NEWS

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RBI imposes fine on Bank of Maharashtra of 2 crores

New Delhi: The Reserve Bank of India on Friday said it has imposed a monetary penalty of Rs 2 crore on the Bank of Maharashtra for non-compliance with certain direction on fraud classification and reporting. The RBI has imposed, by an order dated February 25, 2021, a monetary penalty of Rs 2 cror

Posted Date :  01-03-21

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RBI released Quarterly Statistics on Deposits and Credit of SCBs

New Delhi: The Reserve Bank released Quarterly Statistics on Deposits and Credit of Scheduled Commercial Banks (SCBs), December 2020 on its Database on Indian Economy (DBIE) portal. The Bank credit growth (Y-o-Y) improved to 6.2 percent in December 2020 from 5.8 percent in the previous quarter but i

Posted Date :  25-02-21

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Bank Stock: Yes Bank Share rise by 4 percent

New Delhi: YES Bank share was trading 4.4% higher in Wednesday's session, ranking among the most active banking scrips in terms of volumes on BSE and NSE today. The stock of the private lender opened at Rs 15.75 as against its previous close of Rs 15.65 and touched the day's high of Rs 16

Posted Date :  24-02-21

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Bank Union Strike: opposition on privatization of banks

New Delhi: After the announcement of privatizing two Public Sector Banks in the budget session 2021-2022 by finance minister Nirmala Sitharaman, bank unions decide to go on 2 days strike starting from 15 March 2021. Employees of the government sectors are not so happy with this decision because t

Posted Date :  23-02-21

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RBI imposes monetary penalty on Jilla Sahakari Kendriya Bank Maryadit

New Delhi: The Reserve Bank of India (RBl) has, by an order dated February 22, 2021, imposed a monetary penalty of Rs 1.00 lakh (Rupees one lakh only) on Jilla Sahakari Kendriya Bank Maryadit, Sidhi (the bank) for non-compliance with the provisions of the Banking Regulation Act, 1949 (the Act) and t

Posted Date :  23-02-21

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RBI issued guidelines for Master direction on Digital payments

New Delhi: The Reserve Bank of India on Thursday, Feb 18, 2021, issued guidelines in the master directions on Digital Payment Security Controls. Going by the pre-eminent role being played by digital payment systems in India, RBI gives the highest importance to the security controls around it. Now it

Posted Date :  19-02-21

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Finance Minister explains govt priorities to the RBI board

New Delhi: Hon’ble Union Minister of Finance & Corporate Affairs, Smt Nirmala Sitharaman holds customary meeting with the board members of the RBI and Sebi after the Budget presentation every year. FM Sitharaman on Tuesday explained the government's priorities to the Reserve

Posted Date :  17-02-21

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Govt Shortlisted Four Banks for privatisation

New Delhi: India's government has shortlisted four mid-sized state-run banks for privatisation, under a new push to sell state assets and shore up government revenues, three government sources said. The four banks on the shortlist are Bank of Maharashtra, Bank of India, Indian Overseas B

Posted Date :  16-02-21

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Banks unions two day strikes against Privatization of PSBs

New Delhi: The United Forum of Bank Unions (UFBU), an umbrella body of nine unions, on Tuesday gave a call for a two-day strike from March 15 to protest against the proposed privatization of two state-owned lenders. The United Forum of Bank Unions (UFBU), an umbrella body of nine unions, on Tuesd

Posted Date :  10-02-21

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SBI reports net profit of Rs 5,196 crore in December

New Delhi: State Bank of India, an Indian multinational, public sector banking reported a net profit of Rs 5,196 crore in the December quarter, earlier in the same quarter of the previous year drop 7 percent from Rs 5,583 crore. The Bank was expected to post a net profit of Rs 4,850 crore in the

Posted Date :  05-02-21

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RBI Digital Currency: A new way of transaction

New Delhi: The Reserve Bank of India is on for a major change and towards the new way of transaction. RBI is preparing to bring digital currency, which will change the way of transaction, in order to curb the increasing expenditure on black money and the printing of currency. The RBI is

Posted Date :  28-01-21

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Yes Bank launched YES MSME

New Delhi: Yes Bank's great initiative for Micro, Small and Medium Enterprises (MSME) to strengthen them, the ban launches YES MSME which will facilitate speedy and easy access to funds.  Yes Bank said, the YES MSME is focusing on the supporting values which expand the growth of MSM

Posted Date :  21-01-21

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RBI release 2020 list of Domestic Systemically Important Banks

New Delhi: SBI, ICICI Bank, and HDFC Bank continue to be identified as Domestic Systemically Important Banks (D-SIBs), under the same bucketing structure as in the 2018 list of D-SIBs. The additional Common Equity Tier 1 (CET1) requirement for D-SIBs was phased-in from April 1, 2016, and became full

Posted Date :  21-01-21

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IBPS agrees to re-conduct the exams missed due to bad weather

Srinagar: The online test for the candidates who missed the ongoing J&K Bank Banking Associate examination due to extreme weather on 3rd, 5th and 9th of January, 2021 shall be held again. The decision comes after J&K Bank Chairman and Managing Director (CMD) R K Chhibber requested the author

Posted Date :  13-01-21

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Reserve Bank of India imposes monetary penalty on Deutsche Bank AG

New Delhi: The Reserve Bank of India (RBI) has, by an order dated January 12, 2021, imposed a monetary penalty of Rs 2 crore (Rupees Two Crore only) on Deutsche Bank AG (the bank) for non-compliance with certain provisions of directions issued by RBI contained in the “Reserve Bank of India (In

Posted Date :  13-01-21

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SBI donates Rs 5 crore to NSDF for Target Olympic Podium Scheme

Mumbai: With the aim to support and provide all the necessary aid to the Indian Olympic Team, the State Bank of India (SBI) has come forward to donate Rs. 5 crores towards National Sports Development Fund (NSDF). This amount would be utilized for customized training of the Olympic Team under reputed

Posted Date :  09-01-21

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IDFC First Bank showed provisional figures of Q3 FY21

New Delhi: IDFC First Bank appended the provisional figures mentioned at 31 December 2020 under the Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information in

Posted Date :  07-01-21

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BoB Completes Migration of erstwhile Dena and Vijaya Banks

New Delhi: Bank of Baroda, the country’s third-largest public-sector bank (PSB) by assets, has completed Integration / Migration of 3898 branches of erstwhile Vijaya Bank and Dena Bank with itself. The Bank has completed the integration of 1770 erstwhile Dena Bank Branches in December 2020

Posted Date :  26-12-20

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Bank of Maharashtra organizes Exporters-Importers Meet

Pune: Bank of Maharashtra (BoM), a premier public sector bank in the country, organized Exporters-Importers Meet at Pune on 21st December 2020. More than 80 Exporters & Importers including the prominent business houses of Pune Participated in the event.   Mr. Hemant Tamta, Execut

Posted Date :  26-12-20

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YES Bank collaborates with Salesforce

Mumbai: YES BANK, on December 22, 2020, announced a collaboration with Salesforce, the global leader in Customer Relationship Management, to build a next-generation technology platform to power the retail lending business, in line with the Bank’s strategy to further scale up its retails ass

Posted Date :  25-12-20

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RBI Cautions against unauthorized Digital Lending Platforms

New Delhi: RBI has cautioned that legitimate public lending activities can be undertaken by Banks, Non-Banking Financial Companies (NBFCs) registered with RBI, and other entities who are regulated by the State Governments under statutory provisions, such as the money lending acts of the concerned

Posted Date :  25-12-20

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RBI Governor meets MD and CEOs of Public and Private Sector Banks

New Delhi: Governor of the Reserve Bank of India (RBI) held meetings with the MD/CEOs of Public Sector Banks and select Private Sector Banks on December 22 and 23, 2020 respectively through video conference. The meetings were attended by Deputy Governors, RBI.   In his opening remark

Posted Date :  24-12-20

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Central Bank of India Ranchi region celebrated 110th Foundation Day

Ranchi: The Central Bank of India celebrates its 110th Foundation Day with great joy and enthusiasm in Ranchi. The program was inaugurated by Ajay Kumar Singh, Senior Regional Manager of the Ranchi region, with reverence on the lamp and the portrait of the founder of the bank.   Spea

Posted Date :  21-12-20

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Canara Bank gives clarification on the exposure of Rs 678 crore

Chennai: Canara Bank, a premier public sector Bank clarifies that it has an exposure of Rs.678.28 crore in the account of M/s Transstroy India Ltd, reported as fraud to RBI on 10.02.2020 where 100% provision has been made in the account.   M/s Transstroy India Ltd. (TIL), established

Posted Date :  19-12-20

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India post payment bank launched DakPay

New Delhi: India Post Payments Bank and Department of Posts launched a digital application called 'DakPay'. The application was launched on Tuesday, December 15, 2020, to facilitate easy digital transactions and other banking services.   "The app is launched as part of i

Posted Date :  16-12-20

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HDFC bank appoints Sanmoy Chakrabarti as the Chief Risk Officer

New Delhi: HDFC Bank has appointed Sanmoy Chakrabarti as the Chief Risk Officer in place of Jimmy Tata, who will take on the role of Chief Credit Officer.   “The board of directors of the bank has approved the appointment of Sanmoy Chakrabarti, Head, Risk Management, as the Chi

Posted Date :  15-12-20

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RBI imposes monetary penalty on Urban Co-operative Bank Ltd Kerala

Kerala: The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 50.00 lakh (Rupees fifty lakh only) by an order dated December 11, 2020, on the Urban Co-operative Bank Ltd. No.1758, Perinthalmanna, Malappuram District, Kerala for non-compliance with directions issued by RBI

Posted Date :  15-12-20

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State Bank of India issued an important notice for their customers

New Delhi: State Bank of India issued an important notice to aware their customers about the NRI services which are under maintenance and currently not working.   The NRI services through missed call and SMS will be not available from Today (December 15, 2020) to December 17, 2020.

Posted Date :  15-12-20

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Reserve Bank of India appoints three Executive Directors

New Delhi: The Reserve Bank of India has appointed Shri R. Subramanian, Shri Rohit Jain, and Shri R.S. Ratho as Executive Directors (ED) with effect from December 11, 2020.   Prior to being promoted as ED, Shri R. Subramanian, Shri Rohit Jain, and Shri R.S. Ratho were Chief G

Posted Date :  12-12-20

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RBI announces date for launching of RTGS 24x7

New Delhi: Reserve Bank had announced in the Statement on Developmental and Regulatory Policies dated October 09, 2020, that the Real Time Gross Settlement System (RTGS) will be available round the clock on all days of the year. Accordingly, RTGS 24x7x365 will be launched with effect from 00:30 h

Posted Date :  12-12-20

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RBI imposed a penalty on HDFC Bank of Rs 10 lakh

New Delhi: The Reserve Bank of India (RBI) has imposed a penalty of Rs 10 lakh on the largest private sector bank, HDFC Bank. HDFC has given this information in the Stock Exchange Filing.   Due to the failure to maintain the mandatory minimum capital in Subsidiary General Ledger by H

Posted Date :  11-12-20

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RBL Bank partners with ICICI Prudential Life Insurance

New Delhi: RBL Bank and ICICI Prudential Life Insurance partnered together to offer the services of Life insurance products to its customers, the companies mentioned in their joint statement on December 9, 2020.   Over 8.7 million customers of RBL bank will get the life insurance all

Posted Date :  11-12-20

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ICICI Bank grabs opportunity launched iMobile Pay

New Delhi: After the Reserve Bank of India halts the HDFC Bank to not launch its new digital services, ICICI Bank took advantage and go for the launch of its new digital Service.    ICICI grabs an opportunity and launched 'iMobile Pay' on December 4 at an investor's

Posted Date :  08-12-20

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Fact behind why RBI says HDFC to stop its all Digital Launches

New Delhi: As everyone knows that Reserve Bank of India (RBI) stopped HDFC, India's biggest private lender in their all-digital launches temporarily.    This Digital 2.0 launch includes the many digital business and other businesses which includes IT application and Credit C

Posted Date :  03-12-20

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RBI asked HDFC to stop Digital businesses

New Delhi: India's Private Lender HDFC Bank has been stopped by the Reserve Bank of India to launch the upcoming digital business-generating activities and sourcing of new credit card customers after an outage at its data centre which impacted operations last month.   “RBI

Posted Date :  03-12-20

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Customers flare-up on SBI worst digital services

New Delhi: After facing lots of issues in the digital services from banks, there is another glitch mode on in the services of banks, through which the customers are suffering from the bad bank services online.    The same is happening with SBI's customers, complaining about

Posted Date :  02-12-20

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