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Latest Banking News & Financial updates from around the web. Daily updates on Global Banking News, Financial Markets, Economy and News from the different banks.
Hackers hacked down State Bank of Mauritius for Rs 9 Crore – SBM reported that Rs 9 crore were hacked from one of their branch from Mumbai and transfer to Hongkong based bank in the name of Singapore Company. Earlier, same bank was defrauded of nearly Rs 143 crore. State Bank of Mauritius India which is a […]
RBI refunds rules for eWallets – Reserve Bank of India (RBI) has set up a new guidelines for unauthorized or fraudulent transactions take place on mobile wallets like Paytm, PhonePe or other Prepaid Payment Instrument (PPI). RBI has introduced rules to bring in more clarity. The new rules are aimed to protect consumers in case […]
RBI has announced debt relied package for MSME up to loan amounting Rs 25 Crore – The newly appointed Governor of Reserve Bank of India (RBI) Shaktikanta Das has taken the major decision providing the debt relief to MSME as credit to the SME sector was one of the contentious issues raised by government-appointed board members in […]
Unsecured Loans are now most secured assets for Banks in India – Personal loans are most secured loan for lenders, if considered the recent data shown by CIBIL. Personal Loan borrowers who essentially borrow without any security, rose 26 per cent in the September quarter with NPA level is still the lowest at 0.5%. Personal […]
Government has proposed the amendments to the Indian Telegraph Act and PMLA and include the penalties for unauthorized access for Aadhaar. Banks insisting on Aadhaar as the sole identity and address proof will be liable to a penalty of up to Rs 1 crore and jail for their staffers concerned — ranging from three to […]
Reserve Bank of India (RBI) has announced to implement new exclusive Banking Ombudsman for Digital Transactions. In recent time multiple issues such as failed transactions or funds sent to the wrong address have forced RBI to announce the separate Banking Ombudsman for Digital Transactions. RBI’s ‘Statement on Developmental and Regulatory Policies’ has announced setting up […]
Syndicate Bank’s MD & CEO Mrutyunjay Mahapatra has said that the bank will raise Rs 300-350 crore capital by issuing shares to employees at a 25% discount to market price under a proposed employee stock purchase Plan (ESPP). The bulk of the shares will be available to all employees, a portion of the issue will be […]
Authenticate Loan Records by borrowers of different banks on NeSL – Recently SyndciateBank customers has started receiving mail for authentication of loans on NeSL or National e-Governance Services Limited. All types of loans like Mortgage loan, Housing Loan, Vehicle Loans etc are needed to be authenticated on NeSL as per the provisions of the IBC and […]
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