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News - (Get Professional Updates on Whatsapp, Msg on 8285393786) Category : Bank

RBI finds SBI under-reported bad loans by Rs 11,932 crore in FY19
Posted Date : 10-Dec-2019 , 03:46:06 pm | Posted By CASANSAAR

The country's largest lender State Bank of India on Tuesday reported about Rs 12,000 crore divergence in their bad loans for the last fiscal.As per the assessment done by the RBI, the gross NPA of SBI was Rs 11,932 crore more at Rs 1,84,682 crore as against Rs 1,72,750 crore reported by the bank...

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Category : Bank | Comments : 0 | Hits : 390

Levy on free services - Banks to ask government to recall tax demand
Posted Date : 25-Apr-2018 , 01:37:09 pm | Posted By CASANSAAR

The Indian Banks’ Association is planning to lobby the government against an arbitrary tax notice which seeks to extract as much as Rs 40,000 crore from the country’s banks.  In a notice served earlier this month, all banks were asked to pay service tax, penalties and interest on...

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Category : Bank | Comments : 0 | Hits : 566

Rs 15 crore bank deposits made post demonetisation declared benami
Posted Date : 26-Nov-2017 , 01:06:52 pm | Posted By CASANSAAR

Cash deposits of Rs15.39 crore made in a Delhi bank post demonetisation have been held as ‘benami’ property by a special court even as the depositor and the beneficial owner of the stash are “untraceable”. The deposits were declared ‘benami in the ruling in one of th...

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Category : Bank | Comments : 1 | Hits : 635

Another chance to exchange demonetized notes likely in 15 days
Posted Date : 05-Jul-2017 , 08:21:32 am | Posted By CASANSAAR

The Supreme Court on Tuesday sought to prevail on the Centre to open a fresh window for exchange of scrapped Rs 500 and Rs 1,000 notes+ for people who missed the December 30 deadline, if they could establish that the money was theirs and they had a genuine reason for not changing it. The court wa...

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Category : Bank | Comments : 0 | Hits : 858

SBI gets Rs 53000 crore deposits till mid-day
Posted Date : 11-Nov-2016 , 04:35:32 pm | Posted By CASANSAAR

India’s largest lender State Bank of India said on Friday banks received deposits worth Rs 53,000 crore since the government put out of circulation high-value banknotes in a bid to drain illegal wealth. People started depositing the now-withdrawn Rs 500 and Rs 1000 notes in banks across Ind...

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Category : Bank | Comments : 0 | Hits : 1616

Govt to infuse additional Rs 11,500 cr in PSU banks in FY16
Posted Date : 26-Jun-2015 , 09:25:26 pm | Posted By CASANSAAR

Government is likely to infuse additional USD 1.8 billion (about Rs 11,500 crore) in public sector banks this fiscal over and above USD 1.2 billion earmarked in the Budget, Finance Secretary Rajiv Mehrishi said today. "Will put additional USD 1.8 billion in PSU banks apart from USD 1.2 billi...

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Category : Bank | Comments : 0 | Hits : 469

Banks to stay closed on 2nd and 4th Saturday from July 2015 onwards
Posted Date : 26-May-2015 , 08:17:54 am | Posted By CASANSAAR

Banks to stay closed on 2nd and 4th Saturday from July 2015 onwards Following a pact between public sector bank (PSB) employees and officers with the management, all branches in the country will remained closed on all second and fourth Saturdays from July. T M Bhasin, chairman of the Indian Ba...

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Category : Bank | Comments : 1 | Hits : 2318

Five world largest banks to pay $5.7 bn in fines for manipulating forex market
Posted Date : 21-May-2015 , 08:15:08 am | Posted By CASANSAAR

US officials say five of the world's largest banks are to pay fines totaling 5.7 billion dollar for manipulating the foreign exchange market. Four of the banks - JPMorgan, Citigroup, Barclays, RBS - have agreed to plead guilty to US criminal charges. The fifth, UBS, will plead guilty to rigging ...

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Category : Bank | Comments : 0 | Hits : 706

Mangla Bank: India’s first bank run by beggars, of beggars, for beggars
Posted Date : 01-Apr-2015 , 09:47:16 pm | Posted By CASANSAAR

If one has to learn the benefits of banking, it is from these beggars in Bihar who have started their own bank, which they operate to provide financial assistance to fellow beggars. The bank named as Mangla Bank is situated at Gaya town near Maa ‘Maa Manglagauri Mandir, where these beggar...

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Category : Bank | Comments : 1 | Hits : 1543

Bank strike called off; Unions, IBA agree on 15% wage hike
Posted Date : 24-Feb-2015 , 08:20:39 am | Posted By CASANSAAR

Public sector bank employee unions Monday withdrew their call for a four-day nationwide strike, with the management agreeing to a 15 percent hike in wages at an extra burden of Rs 4,725 crore a year and acceding to the demand for holiday on second and fourth Saturdays. The banks, however, will work...

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Category : Bank | Comments : 0 | Hits : 923

IDBI Bank to declare Kingfisher Airlines wilful defaulter
Posted Date : 17-Aug-2014 , 07:34:30 pm | Posted By CASANSAAR

IDBI Bank has started the process of declaringKingfisher Airlines a "wilful defaulter". The airline owes the bank Rs 750 crore. IDBI is among a consortium of banks which has lent money to the beleaguered airline. Kingfisher is the country's top loan defaulter with banks having an exposure ...

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Category : Bank | Comments : 0 | Hits : 1015

RBI reduces the number of free ATM transactions to 3 from 5 per month at metros
Posted Date : 14-Aug-2014 , 07:54:08 pm | Posted By CASANSAAR

The Reserve Bank of India on Thursday said the number of mandated free transactions for savings bank account holders at other bank ATMs located in six metro centres has been reduced from five to three per month.   The six metro centres -- Mumbai, New Delhi, Chennai, Kolkata, Bengaluru and Hyd...

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Category : Bank | Comments : 0 | Hits : 1061

Govt closes door on campus hiring for PSU Banks
Posted Date : 14-Aug-2014 , 08:32:13 am | Posted By CASANSAAR

Despite public sector banks facing a manpower crunch, the finance ministry has asked them not to recruit officers through campus placements.   “Recruitment of officers in public sector banks against permanent direct recruitment vacancies by resorting to campus recruitment/interview meth...

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Category : Bank | Comments : 0 | Hits : 1390

RBI announces new regulatory framework for big Banks
Posted Date : 23-Jul-2014 , 08:00:36 am | Posted By CASANSAAR

The Reserve Bank of India (RBI) announced a new framework on Tuesday for identifying and dealing with large banks in the country, termed domestic systemically important banks (D-SIB). Due to their size, cross-jurisdictional activities, complexity, lack of substitutability and interconnectedness, su...

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Category : Bank | Comments : 0 | Hits : 793

SBI to sell NPAs worth Rs. 5000 crore to asset reconstruction firms
Posted Date : 17-Mar-2014 , 07:57:03 pm | Posted By CASANSAAR

For the first time in its over two centuries of history, State Bank of India (SBI) is going all out to stem the rot by offloading around Rs.5,000 crore of its Rs. 67,799 crore dud assets to asset reconstruction companies (ARCs) before the end of the month. "There are 14 ARCs function...

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Category : Bank | Comments : 0 | Hits : 836

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