Articles tagged under: Banking
December 11, 2018
New Delhi: Former finance secretary and current member of the finance commission Shaktikanta Das has been appointed as the Governor of the Reserve Bank of India (RBI) for three-year term following the resignation by outgoing RBI Governor Urjit Patel. Shaktikanta is publicly known as a man who would do regular briefing on demonetization during November/December 2016.
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November 15, 2018
Dakor (Gujarat): HDFC Bank Ltd, has partnered with Shri Ranchhodraiji Maharaj Mandir Trust at Dakor to offer online donation facility to Ranchhodraiji temple’s devotees.
Starting on November 14, devotees of Shri Ranchhodraiji temple at Dakor can donate online in a quick, convenient, and timely manner, using any debit card, credit card, or net banking facility anywhere, anytime.
As part of the exclusive tie up with Shri Ranchhodraiji Maharaj Mandir Trust, HDFC Bank will provide its Electr...Read More
October 25, 2018
Jamnagar: The Anti Corruption Bureau of Gujarat police today nabbed red handed a bank manager in the rural area of Jamnagar district of Gujarat taking a bribe of Rs 8000 for release of fund of loan and subsidy sanctioned by the Industry department to a local for cottage industry.
ACB Assistant Director D P Chudasama said that Atul Kumar (31), manager of the Central Bank India's branch in Kherdi village under Kalavad taluka of Jamnagar district was nabbed from the shop of the complainan...Read More
September 17, 2018
New Delhi:Government on Monday decided that the Bank of Baroda, Vijaya Bank and Dena may consider their amalgamation.
The envisaged amalgamation will be the first-ever three-way consolidation of banks in India with a combined business of Rs 14.82 lakh crore, making it the country's third largest bank, Union Finance Minister Arun Jaitley told a news conference here.
He said now the board of all these three banks would meet and chalk out a strategy in this regard.
The consolidation wi...Read More
September 04, 2018
Cash worth around Rs 1.35 crore has been stolen from the main branch of State Bank of India in Amreli city of Gujarat.
Unknown thieves entered the bank last night from back-side by cutting the rear ventilator and RCC slab. As the bank was closed on Sunday as a weekly holiday and on Monday too for Janmashtami, the theft was noticed today only when the bank re-opened.
They entered the strong room of the bank and decamped with cash worth around Rs 1. 35 crore,' PI of A...Read More
September 01, 2018
Prime Minister Narendra Modi Saturday launched India Post Payments Bank (IPPB) that aims to take banking to the doorstep of every citizen by arming three lakh postmen and 'Grameen Dak Sewaks' with digital aids to deliver financial services.
IPPB -- which will be available through 650 branches and 3,250 access points immediately, scaled to all 1.55 lakh post offices by December 2018 -- is like any other bank but with smaller scale of operations and without involving any cred...Read More
August 31, 2018
New Delhi: Prime Minister Narendra Modi will tomorrow launch the India Post Payments Bank (IPPB) that seeks to leverage the expansive network of the postal department to ensure financial inclusion for the masses.
The event is scheduled to be held at Talkatora Stadium in New Delhi, along with simultaneous launch events at 650 branches and 3,250 access points that will go live tomorrow, an official statement said.
"IPPB has been envisioned as an accessible, affordable and trusted bank for th...Read More
August 29, 2018
New Delhi: As many as 99.3 per cent of the old 500 and 1,000 rupee notes, that were banned overnight in November 2016, have been returned, the Reserve Bank of India said in its annual report.
Of the Rs 15.41 lakh crore worth 500 and 1,000 rupee notes in circulation before November 8, 2016, notes worth Rs 15.31 lakh crore have been returned.
The "humungous task of processing and verification of specified bank notes (SBNs) was successfully achieved," it said.
The SBNs received were veri...Read More
August 27, 2018
A defamation complaint was filed in a metropolitan court here today against Congress president Rahul Gandhi and party spokesperson Randeep Surjewala in connection with their remarks, statements and social media posts about the alleged scam regarding large-scale deposit of scrapped notes in Ahmedabad District Cooperative Bank, of which BJP president Amit Shah was a director, during just five days after announcement of demonetization on November 8, 2016.
The court has orde...Read More
August 15, 2018
Ahmedabad: Nitin Jayantilal Sandesara, an absconding director of a Gujarat-based pharma company Sterling Biotech which is being probed in a Rs 5,000 crore fraud case, has been arrested in Dubai by Dubai Police based on a non-bailable arrest warrant issued by an Indian Court, news agency PTI reports quoting officials adding that Indian agencies will try to get Sandesara deported.
As per the FIR, the total pending dues of the group of companies were Rs 5,383 crore as on December 31, 2016. The E...Read More
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