UCO Bank Fraud

UCO Bank Ex CMD Ajay Kaul Under CBI Scanner for Rs 621 Crore Fraud

Debt ridden Public Sector UCO bank has filed the fraud allegation charges against their former CMD & CEO Ajay Kaul in Rs 621 Crore loan

RBI Slaps Rs 3 Crore Fine on IDBI Bank

RBI has imposed a penalty of Rs 3 crore on IDBI bank for non-compliance to the Income Recognition and Asset Classification (IRAC) norms. RBI has

kotak-axis-merger

Axis Bank Acquisition Buzz – To Be Bought By Kotak Mahindra Bank

If we may believe on a report by brokerage firm Nomura Financial Advisory Services, the time is ripe for Kotak Mahindra Bank to buy Axis Bank.

SBI Batted for Some Public Sector Banks Privatisation

State Bank of India (SBI) chairman Mr. Rajneesh Kumar has batted for the privatization of some of the state running Public Sector Banks. Although he

bank-of-baroda

Rs 9 Crore Penalty on Bank of Baroda Under Anti Money Laundering

The Financial Intelligence Unit (FIU) has slapped Rs 9 crore penalty on Bank of Baroda for not adhering the anti-money laundering norms in the old

RBI Holds Rs 2.2 Crore Bonus of ICICI Bank’s Chief Chanda Kochhar

Reserve Bank of India (RBI) has held the bonuses to the heads of top private banks i.e. Axis Bank, HDFC Bank & ICICI Bank on the

ICICI Bank fraud

Private Bankers Can be Charged Under Anti-Corruption Law

The Supreme court held that top officers of private banks could be treated on par with public servants under the Prevention of Corruption Act, 1988.

jio-payment-bank

Reliance Jio Payment Bank Started Operations

Jio Payment Banks begin operations in India – The Reserve Bank of India (RBI) has informed that the Jio Payments Bank has commenced its banking