Middle Image
   Login  |  Register  |  Forgot Password 
Below Login Ad

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

Public sector banks sanction loans worth 6 lakh Cr in two months
Posted Date : 13-May-2020 , 12:13:41 pm | Posted By CASANSAAR

Public sector banks (PSBs) have sanctioned loans worth Rs 5.95 lakh crore in the last two months to various sectors, including MSME, agriculture and corporate, hit hard by COVID-19-induced nationwide lockdown. Non-bank finance companies (NBFCs) have received Rs 1.18 lakh crore from these banks du...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 422

IBA wants to house Rs 75,000 Cr bad loans via Bad Bank
Posted Date : 12-May-2020 , 10:45:53 am | Posted By CASANSAAR

The Indian Banks Association (IBA) has firmed up a proposal to house approximately Rs 70,000-75,000 crore of bad loans at book value in its proposed ‘bad bank’, two people aware of the development told CNBC-TV18. IBA received comments from member banks over the weekend and has now giv...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 279

SBI complains to CBI after Rs 411 Cr loan defaulter flee country
Posted Date : 10-May-2020 , 08:18:15 am | Posted By CASANSAAR

Three promoters of Ram Dev International, recently booked by the CBI for allegedly cheating a consortium of six banks to the tune of Rs 411 crore, have already fled the country before the State Bank of India reached the agency with the complaint, officials said on Saturday. The CBI had recently b...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 373

Govt declares banking industry as a public utility service for six months till October 21
Posted Date : 25-Apr-2020 , 10:27:09 am | Posted By CASANSAAR

Government has declared banking industry as a public utility service for six months till October 21 under the provisions of the Industrial Disputes Act. Bringing banking services under the provisions of this Act means that the banking sector would not see any strikes by employees or officers duri...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 1011

ED attaches assets worth Rs.175.29 Cr in bank fraud case
Posted Date : 21-Apr-2020 , 11:08:05 am | Posted By CASANSAAR

The Enforcement Directorate (ED) has attached 124 immovable properties worth more than Rs 175 crore of a West Bengal-based company in connection with a money laundering probe linked to an alleged bank fraud case, the agency said on Monday. It said a provisional order for attachment of the assets ...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 2204

Chinese Central Bank picks up 1.75 Cr Shares in HDFC
Posted Date : 13-Apr-2020 , 09:13:52 am | Posted By CASANSAAR

The People’s Bank of China (PBoC) purchased 1.75 crore shares in one of the largest housing finance lenders, HDFC Ltd, possibly in the March quarter. The Chinese Central Bank has bought 1,74,92,909 crore shares, or 1.01 percent of the shareholding, according to exchange data. The share purc...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 974

Banks ask customers to be cautious against frauds
Posted Date : 11-Apr-2020 , 11:22:32 am | Posted By CASANSAAR

Several banks have cautioned their customers against possible attempts by fraudsters as they became active to exploit the three-month loan repayment moratorium offer in the wake of the coronavirus outbreak, officials said on Friday. The cyber criminals pretending as officials of banks have b...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 360

Punjab National Bank unveils new logo ahead of merger
Posted Date : 31-Mar-2020 , 09:39:31 am | Posted By CASANSAAR

Ahead of its merger with the United Bank of India (UBI) and the Oriental Bank of Commerce (OBC) from April 1, Punjab National Bank (PNB) today unveiled a new logo which bears the signages of all the three PSU banks. From the next financial year, PNB will become the second largest lender in India aft...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 5759

Bank branches to provide only essential services from March 23 - IBA
Posted Date : 23-Mar-2020 , 08:37:25 am | Posted By CASANSAAR

With the impact of the coronavirus pandemic being felt across the country, the Indian Banks’ Association (IBA) on Sunday said bank branches will provide only essential services such as cash deposits and withdrawals, clearing of cheques, remittances and government transactions from March 23, 20...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 313

YES Bank gets Rs 60k Cr credit line from RBI to resume operations
Posted Date : 19-Mar-2020 , 08:38:53 am | Posted By CASANSAAR

The Reserve Bank of India (RBI) has extended a credit line of Rs 60,000 crore to YES Bank to ensure that the bank is able to meet its obligations to depositors as it resumed its full-service operations on Wednesday, according to sources familiar with the development. RBI Governor Shaktikanta Das ...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 225

Bank branches could be shut for 4 days next week due to strike, holidays
Posted Date : 18-Mar-2020 , 09:20:01 am | Posted By CASANSAAR

Bank branches could be open only for three days next week due to a day-long bank strike and other bank holidays. To protest against the mega merger plan of 10 PSU banks into four larger banks, the All India Bank Employees' Association (AIBEA) and All India Bank Officers' Association (AIBOA) ...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 963

Cabinet approves reconstruction scheme for Yes Bank
Posted Date : 13-Mar-2020 , 10:12:51 pm | Posted By CASANSAAR

The Union Cabinet Friday approved reconstruction scheme for Yes Bank under which SBI will acquire 49 per cent stake in the crisis-ridden private sector bank. Finance Minister Nirmala Sitharaman said the Union Cabinet has approved the reconstruction scheme for Yes Bank as suggested by the Reserve ...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 351

Finance Minister reviews amalgamation of public sector banks
Posted Date : 13-Mar-2020 , 08:38:18 am | Posted By CASANSAAR

Finance minister Nirmala Sitharaman on Thursday reviewed the progress on the amalgamation of public sector banks that is expected to come into effect from April 1. “Amalgamating PSBs made a presentation to Hon. FM Nirmala Sitharaman on their preparedness. Amalgamated PSBs to ensure no disru...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 294

Govt imposes withdrawal limit of Rs 50,000 for depositors of Yes Bank for a month
Posted Date : 06-Mar-2020 , 09:53:19 am | Posted By CASANSAAR

The government has imposed a withdrawal limit of 50,000 rupees for depositors of beleaguered private lender Yes Bank for one month. An official notification issued by the finance ministry said that the cap will stay in effect till 3rd of April. The limit on withdrawal comes with a few exemptions, in...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 171

Bombay HC Dismisses Chanda Kochhar challenge to sacking as ICICI Bank CEO
Posted Date : 05-Mar-2020 , 08:59:04 pm | Posted By CASANSAAR

The Bombay High Court on Thursday dismissed a petition filed by Chanda Kochhar against her termination as managing director and CEO of the ICICI Bank, noting the dispute arises from a contract of personal service. A division bench of Justices NM Jamdar and MS Karnik accepted the bank's conten...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 116

Cabinet approves Mega Consolidation in Public Sector Banks {PSBs} with effect from 1.4.2020
Posted Date : 04-Mar-2020 , 04:33:11 pm | Posted By CASANSAAR

The Union Cabinet, chaired by the Prime Minister, Shri Narendra Modi has approved the mega consolidation of ten PSBs into four which include the - (a)  Amalgamation of Oriental Bank of Commerce and United Bank of India into Punjab National Bank (b)  Amalgamation of Syndicate Bank into ...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 1230

Govt may notify merger of 10 PSBs to 4 this week
Posted Date : 10-Feb-2020 , 10:18:18 am | Posted By CASANSAAR

The government is likely to notify the merger of 10 public sector banks to create four big lenders later this week, as they have completed the groundwork for the same, two people familiar with the development said. After it is notified, the respective bank boards will meet to give their customary...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 552

Syndicate Bank writes off Rs 883 crore against fraud
Posted Date : 06-Feb-2020 , 12:27:46 pm | Posted By CASANSAAR

News Source - LiveMint ...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 1651

Rs.30 crore gets credited in flower vendor's wife bank account
Posted Date : 06-Feb-2020 , 09:53:11 am | Posted By CASANSAAR

A flower vendor from Channapatna town in Karnataka got a shock of his life when he found a credit of Rs.30 crore in his wife's bank account. This happened when Syed Malik Burhan was struggling to meet expenses for a medical emergency in the family. According to reports, bank officials knocked...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 544

Employees of public sector banks to go on two-day nationwide stir from today
Posted Date : 31-Jan-2020 , 08:43:54 am | Posted By CASANSAAR

Bank unions have decided to go on a two-day nationwide strike from Friday as talks with management of public sector lenders on wage revision have failed to reach a consensus. Many banks, including SBI, have informed customers that operations may be impacted to some extent due to the strike. Th...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 119

Bank of Baroda, Bank of India and Canara Bank get new MD & CEOs
Posted Date : 21-Jan-2020 , 08:04:48 am | Posted By CASANSAAR

The government on Monday appointed heads of three large public sector banks - Bank of Baroda, Bank of India and Canara bank for a period of three years. The Appointments Committee of the Cabinet (ACC) appointed Sanjiv Chadha as the managing director and chief executive of Bank of Baroda, Lingam V...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 523

ICICI Bank seeks recovery of amounts from Chanda Kochhar
Posted Date : 14-Jan-2020 , 07:54:42 am | Posted By CASANSAAR

The ICICI bank has approached the Bombay High Court seeking effect to "termination of appointment" of Chanda Kochhar as its Managing Director and CEO, and also sought recovery of various amounts from her. In a monetary suit filed on 10 January, the bank sought dismissal of Kochhar's...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 221

SBI announces 'residential builder finance with buyer guarantee' scheme
Posted Date : 09-Jan-2020 , 10:36:15 am | Posted By CASANSAAR

Country's largest public sector bank, State Bank of India has announced a 'residential builder finance with buyer guarantee' (RBBG) scheme. It aims at giving a push to residential sales and improve homebuyers' confidence. Under this scheme announced yesterday, the SBI will issue a...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 256

Co-op banks asked to alert RBI about loans over Rs 5 Cr
Posted Date : 05-Jan-2020 , 09:35:16 am | Posted By CASANSAAR

Urban co-operative banks (UCB) will have to send an instant alert to the Reserve Bank of India (RBI) about any loan of more than Rs 5 crore sanctioned, according to a new set of guidelines issued by the central bank last week. The banks have also been asked restrict half of their loans to amounts...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 132

Bank employees to go on nationwide strike on Jan 8
Posted Date : 04-Jan-2020 , 08:39:10 am | Posted By CASANSAAR

Normal banking services at bank branches and ATMs are likely to be impacted as major bank unions have decided to resort to an all-India general strike on January 8 to protest against the anti-labour policies of the government. However, net banking services and related transfers will not be affect...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 512

SBI cuts external benchmark-based rate by 25 bps
Posted Date : 30-Dec-2019 , 06:00:32 pm | Posted By CASANSAAR

The country's largest lender, State Bank of India, today announced a reduction in its external benchmark-based rate by 25 basis points to 7.80 per cent from 8.05 per cent.The Reserve Bank of India has adopted the Repo rate to be the External Benchmark rate. And the Repo rate is the interest rate...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 178

Bank frauds rise 74 per cent to Rs 71,543 Crore in 2018-19 - RBI
Posted Date : 26-Dec-2019 , 09:23:22 am | Posted By CASANSAAR

Banks reported a total fraud of Rs 71,543 crore in 2018-19, a 74 per cent increase as against Rs 41,167 crore in the previous financial year, according to a report by the Reserve Bank of India. The number of fraud cases reported by lenders also jumped to 6,801 in 2018-19, compared to 5,916 cases in ...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 440

IFSC banking units can open foreign currency current accounts
Posted Date : 24-Dec-2019 , 08:11:02 am | Posted By CASANSAAR

The RBI on Monday said IFSC Banking Units can open foreign currency current accounts of entities operating in IFSC and of non-resident institutional investors to facilitate their investment transactions. However, IBUs are not allowed to open savings accounts. Issuing instructions regarding permis...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 169

Public sector bank unions decide to join national strike called on Jan 8
Posted Date : 21-Dec-2019 , 10:10:06 am | Posted By CASANSAAR

Bank unions have decided to join the national general strike which has been called on January 8, 2020. The strike has been called in protest against the central govt's labour policies and banking reforms, said the unions. Central Trade Unions viz. INTUC, AITUC, HMS, CITU, AIUTUC, TUCC, SEWA, ...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 458

PNB loses UK High Court appeal in USD 45-million deceit claim
Posted Date : 19-Dec-2019 , 09:40:19 am | Posted By CASANSAAR

The British subsidiary of Punjab National BankNSE -0.55 % (PNB) has lost its UK High Court appeal in a USD 45-million deceit claim against seven individuals and two companies, based in India and the US. The issue in contention was whether the High Court of England and Wales should accept jurisdic...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 439

News By Categories

More Categories

Search News

 
 
 

www.casansaar.com
...keeps you updated

Home

  |  News

  |  Articles

  |  Discussion

  |  CA Firms

 |  Members

 |  CA Community

 |  Jobs

 |  Empanelment

 |  Files

 |  Matrimonial

 |  Students zone

 |  Queries

 |  Classified Ads

 |  Events

 |  About us

 |   Top Members

 |  Coaching Centres

  | Testimonials

 | Judiciary

 | Videos

 | Notifications/Circulars

 | Book

 | eDirectory

 | Interview

 | Website

 | Emails

 | Software

 |  Score Board

 |   Press Release  

 |   Blood Bank  

  |   Opinion Poll  

  |   Feedback
 |   Advertise us

 |   Terms & Conditions

 |   Contact us
 |   Blog

  |   Sitemap

  |   Income Tax

  |   Auditing

  |   Bank

  |   Bank branch audit

  |   Banking

  |   Black Money

  |   CA

  |   CA Announcement

  |   TDS

  |   Students Zone

  |   Custom

  |   VAT

  |   Service Tax

  |   Corporate Law

  |   General

  |   Excise

  |   SEBI

  |   Finance

  |   GST

  |   ICAI

  |   FEMA

  |   ICWAI

  |   ICSI

  |   DGFT

  |   RBI

  |   IFRS

  |   CAG

  |   Budget

  |   Merger & Acquisitions

  |   International Business

  |   Shares & Stock

  |   Excel Tips

  |   International Taxation

  |   ITR

  |   Chartered Accountant

  |   Tax Audit

  |   Companies Act

  |   Money Laundering

  |   MCA

  |   Income Tax Refund

  |   NPA

  |   Income tax software

  |   CST

  |   CA Exams

  |   CA Results

  |   CBDT

  |   Accounting Standards

  |   DIN

  |   Judical Announcement

  |   MDP

  |   PAN

  |   Whats App

  |   Secretarial Standards

  |   NGO

  |   CA Convocation

  |   Finance Bill

  |   ICAI Notification

  |   CARO

  |   COMPANIES SECRETARY

  |   Accounts

Follow Us : Twitter Icon Facebook Icon Orkut Icon Linkedin Icon Linkedin Icon

CASANSAAR Updates

Developed By: CASANSAAR Copyright © casansaar

Top Accounting Firms,CA COMMUNITY,CA SANSAAR,Chartered Accountant,Ca Networking Firms,Partner Portal,Ca Assignments,CA,Online Communities For Chartered Accountant,Circle For Ca,CS,CMA and FINANCE,Articles By CA / CS / CMA,accounting news articles,Ca Firms In Delhi,CA ANNOUNCEMENT

accounting jobs,article trainees,best website creator,empanelment,income tax slab, ITR, TDS Chart,budget of india 2014-15,gst,auditing,Income tax,students zone,cpt,community matrimony for ca,Classified Ads,Community Matrimony For Ca,Students Zone,Coaching Classes,Company Secretary,Cost Accountant,Judiciary.