Search For "bank of india"
CBI files another bank fraud case
Updated : 7 years, 12 months ago IST
Hyderabad [Telangana] [India], Mar. 27 (ANI): The Central Bureau of Investigation (CBI) on Tuesday registered a case and conducted searches at three places in relation with Jai Ambe Gauri Chemicals Limited cheating State Bank of India, Hyderabad, to the tune of Rs 65.39 crore.
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Govt. to borrow Rs 2.88 lakh crore in first half of 2018-19
Updated : 7 years, 12 months ago IST
New Delhi [India], Mar 26 (ANI): The central government in consultation with the Reserve Bank of India (RBI) on Monday deliberated over its borrowing programme for 2018-19 and finalised its borrowing calendar for the first half of 2018-19 (April-September).
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India should move out of agriculture into industry, services: Raghuram Raj
Updated : 8 years ago IST
Kochi [Kerala] [India], Mar 24 (ANI): Former Governor of Reserve Bank of India Raghuram Rajan on Friday said the country should enable its workforce to move out of agriculture into industry and services, as income in the latter sectors is much higher.
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CBI files case against infra company over bank fraud of Rs. 1,394 cr
Updated : 8 years ago IST
Hyderabad (Telangana) [India] March 22 (ANI): The Central Bureau of Investigation (CBI) on Thursday filed a case against an infrastructure company on the complaint of Union Bank of India.
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SC asks Jaypee Associates to deposit Rs. 200 cr
Updated : 8 years ago IST
New Delhi [India], Mar. 21 (ANI): The Supreme Court (SC) on Wednesday ordered Jaypee Associates Ltd (JAL), the parent company of Jaypee Infratech, to deposit Rs 200 crore in two equal installments before the SC registry by April 15 and May 10.
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RBI issues corrective framework for PSBs
Updated : 8 years ago IST
New Delhi [India], Mar. 17 (ANI): Amid the multiple scams unearthed recently in the banking sector, the Reserve Bank of India (RBI) has issued a Prompt Corrective Action (PCA) framework to maintain the sound financial health of banks.
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FICCI cautions Centre on possible reduction of credit support
Updated : 8 years ago IST
New Delhi [India], Mar. 16 (ANI): Responding to the Reserve Bank of India's (RBI) notice discontinuing the issuance of Letters of Undertaking (LOUs) and Letters of Comfort (LOCs) for trade credit for imports, the Federation of Indian Chambers of Commerce and Industry (FICCI) said although th
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LG orders investigation into Delhi Nagarik Sehkari Bank irregularities
Updated : 8 years ago IST
New Delhi [India] March 15 (ANI) Lt. Governor of Delhi Anil Baijal on Thursday ordered an investigation into irregularities in Delhi Nagarik Sehkari Bank Limited.
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No unauthorised LoUs issued, except one incident: SBI official
Updated : 8 years ago IST
New Delhi [India], Mar 15 (ANI): The State Bank of India (SBI) officials on Thursday reiterated the fact that except for the one-off incident involving Punjab National Bank (PNB), no unauthorised Letters of Undertakings (LoUs) have been issued by public sector banks (PSBs).
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Have not closed 41.16 lac accounts Suo-motu: SBI
Updated : 8 years ago IST
New Delhi [India], Mar 15 (ANI): In a widely publicised report in certain news dailies about the State Bank of India (SBI) reducing minimum balance charges, it was also reported that after introduction of the requirement of average monthly balance (AMB), SBI closed 41.16 lac accounts. The ba
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No banking regulator can catch, prevent all frauds: Urjit Patel
Updated : 8 years ago IST
New Delhi [India], Mar. 14 (ANI): In view of the recent Nirav Modi-led Punjab National Bank (PNB) fraud case, Reserve Bank of India (RBI) Governor Urjit Patel on Wednesday said that it is not possible for any banking regulator to catch or prevent all frauds.
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RBI discontinues LOUs/LOCs issuance for trade credit for imports
Updated : 8 years ago IST
New Delhi [India], Mar 13 (ANI): The Reserve Bank of India (RBI) on Tuesday announced discontinuation of the issuance of Letters of Undertaking (LOUs) and Letters of Comfort (LOCs) for trade credit for imports with immediate effect.
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