Articles tagged under: Banking

Two ATMs targeted at different places in Gujarat, Rs. 28 lakh plus cash stolen

February 21, 2024
Two ATMs targeted at different places in Gujarat, Rs. 28 lakh plus cash stolen

Gandhinagar: An ATM machine of HDFC bank was found in a farm of Pisad village. It was taken from a location near Reliance petrol pump in Vagra. More than Rs. 3.50 lakh cash from ATM was looted from this ATM after cutting its chamber possibly through a gas cutter. A farmer who spotted a broken ATM in his farm informed police about this. The incident took place late in the night. The CCTV camera was sprayed to make its vision blind by robbers. In another incident, robbers took away Rs. 25.38 c...Read More

Minimum Hassle, Maximum Benefits: Opening a Current Account with Minimum Balance

January 31, 2024
Minimum Hassle, Maximum Benefits: Opening a Current Account with Minimum Balance

Ahmedabad: A prospective account holder might not know the various types of accounts that a bank offers. However, the most basic ones are the current account and savings account. Understanding the advantages of current accounts is quite imperative as it helps you with more flexible access to your funds. They are used for daily banking activities and are most appropriate for those who transact money from one account to another. The following points highlight the features and benefits of the cu...Read More

Gujarat CM launches Amul’s organic products; inaugurates and kicks off number of initiatives of Banas Dairy and Bank

January 15, 2024
Gujarat CM launches Amul’s organic products; inaugurates and kicks off number of initiatives of Banas Dairy and Bank

Palanpur: Gujarat Chief Minister today dedicated and performed ground breaking for several initiatives of Banas Dairy and Bank. The Chief Minister launched Kisan Credit Card which avails loan at zero percent interest to farmers and cattle keepers. The idea is to connect cooperatives to only cooperative banks so that cooperative to cooperative interaction can grow further. The Kisan Credit Card initiative was first launched in Banaskantha and Panchmahal districts as a pilot project. It has bee...Read More

Last date to exchange Rs. 2,000 notes at banks extended till October 7: RBI

September 30, 2023
Last date to exchange Rs. 2,000 notes at banks extended till October 7: RBI

Mumbai: The last date to exchange Rs. 2,000 denomination banknotes at banks has been extended till October 7, the Reserve Bank of India (RBI) said in a statement today. The RBI said the Rs. 2,000 notes will remain valid even after the deadline to exchange ends. The previous deadline was today. Banks will stop accepting Rs.2,000 notes for exchange from October 8. However, people can till exchange Rs. 2,000 notes at 19 offices of the RBI. The notes can also be sent by post to the RBI's "issue offi...Read More

Union Bank takes possession of Rajmoti Oil Mill in Rajkot under SARFAESI Act

September 30, 2023
Union Bank takes possession of Rajmoti Oil Mill in Rajkot under SARFAESI Act

Rajkot: A team of Union Bank of India today sealed Rajkot-based Rajmoti Oil Mill through a procedure of possession under the SARFAESI Act. The mill, according to the officials has been sealed for non-payment of installments of loan worth Rs. 140 crore. Rajmoti Mill is owned by Samir Shah who was once headed Saurashtra Oil Mills Association (SOMA) and Chamber of Commerce. The sealing and possession-taking procedure was executed in police protection. Shah reacting to this procedure said, ...Read More

RBI Bulletin 2023: Gujarat secures first place with 82 projects backed by Banks and Financial Institutions

August 20, 2023
RBI Bulletin 2023: Gujarat secures first place with 82 projects backed by Banks and Financial Institutions

Gandhinagar: In its recently released August bulletin, the Reserve Bank of India (RBI) highlighted that in the fiscal year 2022-23, banks and financial institutions approved funding for 82 development projects in Gujarat, the highest in the country. Gujarat leads this category with a significant gap over second-positioned Maharashtra with 48 projects and Uttar Pradesh comes in third with 45 projects. However, in terms of share of investment for projects from banks and financial instituti...Read More

Singapore’s largest bank DBS opens IFSC Banking Unit in GIFT City Gujarat

July 16, 2023
Singapore’s largest bank DBS opens IFSC Banking Unit in GIFT City Gujarat

Gandhinagar: DBS Bank Ltd., Singapore’s largest bank, has announced opening of its IFSC Banking Unit (IBU) in the Gujarat International Finance Tec-City (GIFT City), Gandhinagar. The IBU was inaugurated today by Singapore’s Deputy Prime Minister and Minister for Finance, Mr. Lawrence Wong, in the presence of dignitaries from the International Financial Services Centres Authority (IFSCA), the Monetary Authority of Singapore (MAS) and GIFT City. GIFT City houses India's first Internationa...Read More

ACB Gujarat nabs Bank Officer in bribe case

May 20, 2023
ACB Gujarat nabs Bank Officer in bribe case

Rapar(Kutch): Anti Corruption Bureau (ACB) of Gujarat Police today nabbed a recovery officer of Bank of Baroda in a bribe case involving the sum of Rs. 5,000. According to ACB note, accused Omkarmal Parbatram Saini works as Recovery officer in Bank of Baroda's Rapar branch in Kutch district. Accused is class-2 servant. A complainant in this case had taken Rs. 1.40 lakh loan from the bank which was fully repaid and he was needing a No Objection Certificate (NOC) to confirm the same. The a...Read More

Vajpayee Bankable Yojana: ACB Gujarat nabs 2 bank staffers in a bribery case

March 22, 2023
Vajpayee Bankable Yojana: ACB Gujarat nabs 2 bank staffers in a bribery case

Bhavnagar: Anti-corruption Bureau (ACB) of Gujarat has nabbed the assistant manager of the Central Bank of India branch in Kalsar near Mahuva in Bhavnagar district, along with a middleman from the sub-staff in a bribery case involving the sum of Rs. 25,000. The complainant had applied for a loan under the Swarojgar scheme, which is part of the Shri Vajpayee Bankable scheme under Commissioner Kutir and Gram Udhyog. The loan was deposited in the Central Bank of India branch in Kalsar. The accus...Read More

Amit Shah in Junagadh

March 19, 2023
Amit Shah in Junagadh

Junagadh: Union Home Minister and Minister of Cooperation, Shri Amit Shah laid the foundation stone of the District Bank Headquarters and inaugurated the APMC Kisan Bhavan at Krishi Shivir in Junagadh, Gujarat, today. In his address, Shri Amit Shah said that after many difficulties, the present form of Junagadh District Cooperative Bank has emerged. He said that the farmers who are engaged in natural farming will get good prices for their produce. Shri Shah said that since independence, ...Read More