Banking News

List of New CEOs and MD in Public Sector Banks

Government has appointed new Chief Operating Officer (CEOs) and Managing Director (MDs) in 11 Public Sector Banks in India. This list includes all the banks where MD & CEO post was vacant due to many reason. These appointments are made on the ...

Meet the First CFO of Reserve Bank of India – Sudha Balakrishnan

India's Central Bank, Reserve Bank of India (RBI) has appointed Sudha Balakrishnan as the first Chief Financial Officer (CFO). Smt Sudha Balakrishnan is a chartered accountant and worked as vice president with the National Securities Depository Ltd ...

CBI Lodges 393 Crore Fraud Case in Oriental Bank of Commerce (OBC)

Oriental Bank of Comerce, A public sector bank in India has dectated and lodged a CBI FIR against Delhi based directors of  diamond merchants export firm. The total amount of fraudlent transaction reported in FIR is 393 crores, which were raised in ...

Rs 11000 Crore Fraud in Punjab National Bank

India's second largest bank in assets, Punjab National Bank has detected some fraudulent transactions worth more than Rs 11,000 crore in one of its Mumbai branch. The amount of fraudulent transaction is approximately 1/3rd of its total market ...

Government Clarifies – PPF Investment are Safe

After budget 2018 announcement about Finance Bill 2018-19, a provision has been made to repeal the Public Provident Fund Act, 1968. This accelerate the fears of losing benefits under the Public Provident Fund (PPF) schemes. Clarifying the doubt ...

Whatsapp Pay – An UPI Based Payment Interface To Be Launched Soon

Facebook owned messaging platform Whatsapp is launching UPI based payment interface as like Google Tez. Testing of Whatsapp Pay application is going on with selected user base with Members bank in India. Whatsapp is hopeful of launching the payment ...

Government Approves Bank Officers Equivalent To Group “A” Post

In a major decision Union Ministry under the leadership of Mr Narendra Modi approves the much delayed decision of treating the Bank Officers equivalent to Group "A" officers of central government. With the new law, all the the Executive level posts ...

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