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Start of An Era, LIC Enters Banking Business with 51% Stake in IDBI Bank

LIC is now the owner of IDBI Bank, as the Insurance Regulatory and Development Authority of India (IRDA) on Friday approved a proposal by Life Insurance Corporation of India (LIC) to raise its stake in IDBI Bank up to 51%...

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Madras High Court Ruled that Education Loan of Over Rs 4 Lakh Can’t be Demanded as Right

Education Loan above 4 Lakh to be covered as per Bank Guidelines - In a big relief to encounter the higher Non performing Assets (NPA) under Education loan, Madras High Court has ruled that any individual can't demand the Education...

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Syndicate Bank Mobile Banking/Internet Banking/UPI Customer Care Number

Syndicate Bank Customer Care Number of Mobile Banking/UPI & Internet Banking has changed. Recently Official Twitter handle of the bank @SyndicateBank has reported this : Read - How To Renew Synd Arogya Health Policy of Syndicate Bank Online ? Toll Free...

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Banks to Upgrade ATMs With New Security Software By 30th June 2019

ATMs Machine Upgrade with Security Software to curb hacking - Reserve Bank of India (RBI) has set the compliance timelines for upgrading the ATMs of banks with latest security software and other related compliance items. All the banks need to...

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Arijit Basu, New Managing Director of SBI

Government has appointed  Arijit Basu as new managing director of State Bank of India. Prior to becoming deputy managing director, Arijit Basu served as managing director of SBI Life Insurance. He will fill the position that fell vacant following the elevation of...

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Do ICICI Bank Really Hiding NPAs ?

ICICI Bank-Videocon Fraud Case - Fresh whistle blower complaint against Private lender ICICI Bank on it's 31 loan accounts, where it was complained that the bank had not correctly classified these account NPA as per the exatant guidelines of RBI...

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IBA Angry Over Arrest of Bank of Maharashtra CEO & MD, Called it “Harassment”

Recent arrest of Bank of Maharashtra MD & CEO Ravindra Marathe, its executive director Rajendra Gupta, zonal manager Nityanand Deshpande and four other officials along with former chairman Sushil Muhnot in an alleged cheating case lodged against real estate developer DS...

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Bank Of Maharashtra Chairman, ED Arrested in Rs. 3,000 Crore Fake Loans Case

Public Sector Bank of Maharastra Chairman & CEO along with Executive Director, Zonal Manager and previous Managing Director arrested by Economic Offences Wing (EOW)  in a case of Rs. 3,000 crore fraudulent loans extended to Pune's DSK Group. Beside Ravindra P. Marathe, the Chairman...

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