Search For "bank of india"
SBI slashes charges for non-maintenance of minimum balance
Updated : 8 years ago IST
New Delhi [India], Mar. 13 (ANI): The State Bank of India (SBI) announced a substantial reduction of charges for non-maintenance of Average Monthly Balance (AMB) in savings accounts, effective April 1.
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IBBI, RBI sign MoU for effective implementation of insolvency code
Updated : 8 years ago IST
New Delhi [India], Mar. 13 (ANI): The Insolvency and Bankruptcy Board of India (IBBI) signed a Memorandum of Understanding (MoU) with the Reserve Bank of India (RBI) for effective implementation of the Insolvency and Bankruptcy Code and its allied rules and regulations, through a quick and
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February IIP numbers may touch double-digit: SBI
Updated : 8 years ago IST
New Delhi [India], Mar. 13 (ANI): Following the softening of consumer price index (CPI) inflation and a 7.5 percent hike in the Index of Industrial Production (IIP) numbers, the State Bank of India opined that the latter may touch double-digit figures in February this year.
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Sensex closes after biggest intra-day record high in almost 1.5 yrs
Updated : 8 years ago IST
New Delhi [India], Mar.12 (ANI): The markets during the closing on Monday posted its biggest intra-day gain in approximately 1.5 years, with the Sensex up 610.80 points at 33917.94.
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Limit collateral damage from bank frauds, urges ASSOCHAM
Updated : 8 years ago IST
New Delhi [India], Mar. 11 (ANI): Apex trade association ASSOCHAM on Sunday said that all out efforts must be made by banks, regulators, government and India Inc to limit the collateral damage from the alleged fraud in the Punjab National Bank (PNB) row.
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RBI imposes Rs 5 cr penalty on Airtel Payments Bank
Updated : 8 years ago IST
New Delhi [India], Mar. 10 (ANI): The Reserve Bank of India (RBI) imposed a penalty of Rs. 5 crore on Airtel Payments Bank, the financial services arm of Bharti Airtel Limited, for violating operating guidelines and Know Your Customer (KYC) norms.
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CBI case against SBI officials, civilians over bank fraud
Updated : 8 years ago IST
Kolkata (West Bengal) [India] March 9 (ANI): The Central Bureau of Investigation (CBI) on Friday registered a case against eight State Bank of India (SBI) officials over the charges of conniving with private company officials for cheating the bank.
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FEMA violation: ED adjourns cross-examination of Naseer Khan
Updated : 8 years ago IST
Mumbai [India], March 9 (ANI): The then Chief Manager of State Bank of Travancore (now State Bank of India), A.K. Naseer Khan, appeared before the Special Director, Enforcement Directorate (ED), Mumbai for cross examination by former IPL chairman Lalit Modi lawyers in an alleged case of viol
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Sensex witnesses 318 point surge, Nifty at 10,242.70
Updated : 8 years ago IST
New Delhi [India], Mar 8 (ANI): Market indices ended significantly higher on Thursday evening trade for the first time in the last seven consecutive sessions, backed by short covering in banking and financials.
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RBI slaps SBI with monetary penalty
Updated : 8 years ago IST
New Delhi [India], Mar. 08 (ANI): The Reserve Bank of India (RBI) on March 1, imposed a monetary penalty of Rs. 40 lakh on State Bank of India (SBI) for non-compliance of its directions on detection and impounding of counterfeit notes.
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RBI imposes Rs.30 million-penalty on Axis Bank
Updated : 8 years ago IST
Mumbai (Maharashtra) [India], Mar. 5 (ANI): The Reserve Bank of India (RBI) imposed a monetary penalty worth Rs. 30 million on Axis Bank Limited (the bank) for non-compliance with the directions issued on Income Recognition and Asset Classification (IRAC) norms.
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RBI charges fine on IOB over non-compliance with KYC norms
Updated : 8 years ago IST
Mumbai (Maharashtra) [India], Mar. 5 (ANI): The Reserve Bank of India (RBI) imposed a monetary penalty of Rs.20 million on Indian Overseas Bank for non-compliance with the directions issued by the former regarding Know Your Customer (KYC) norms.
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