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After Agri, Debt Waiver for MSME Also !

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...

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Unsecured Loans are Most Secured Assets for Banks Now

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...

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Bank Staffs Insisting on Aadhaar to Face 3-10 Years Jail

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...

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RBI Implemented New Ombudsman Scheme for Digital Transactions

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...

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Syndicate Banks’ to Offer 25% Discount on Employee Stock Purchase Plan (ESPP)

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...

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How To Authenticate Loan Records By Borrowers on NeSL ?

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...

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Bank Fraud – Gang Steals Money via OTP From Bank Accounts

New Type of Banking Fraud - A new modus operandi came to the notice of New Delhi district police while investigating a case of Banking Fraud. It was revealed that one of the customer of Central Bank of India (CBI)...

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SBI Reported Rs 5,555 Cr Fraud in Apr-Sep 2018

Largest bank in India, State Bank of India (SBI) has reported banking fraud of Rs 5,555.48 crore for quarter April to September 2018. These amounts were involved in 1329 cases.  In response to a query of RTI activist Chandrashekhar Gaud, SBI...

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