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Army Welfare Fund Battle Casualties Account With Syndicate Bank is Real !

FactCheck "Army Welfare Battle Casualities Bank Account with SyndicateBank" - A viral message spreading around the social meida is claiming that the Modi government has now launched a new scheme "exclusively" for battle casualties and weapon purchase. The message is spreading...

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Hackers Hacked State Bank of Mauritius, Withdraw Rs 19 Crore From Mumbai Branch

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...

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Syndicate Bank to Raise Rs 500 Crore via Stock Options, Giving 15-25% Discounts to Staffs

Public sector lender Syndicate Bank will be offering employee share purchase scheme and would raise up to Rs 500 crore by issuing stock to its staff. Syndicate Bank proposes to raise the funds this quarter or early next quarter. Mr....

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Rs 5,000 Crore Fraud in Andhra Bank by Sterling Biotech

Enforcement Directorate (ED) has arrested the a former director of Andhra Bank in connection with a money laundering probe case involving a Gujarat-based pharma firm 'Sterling Biotech'. The ED had alleged that Mr Anup Prakash Garg, former director  had infused several crores...

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PNB Scam – Govt dismisses Usha Ananthasubramanian from service at the last day of work

In a sudden move, Government of India has dismissed Allahabad Bank Managing Director Usha Ananthasubramanian from service. Ananthasubramanian is the former CEO & managing director of scam hit Punjab National Bank. She was sacked on last day at work before retirement. Though it...

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These Public Sector Banks May Introduce Performance-Linked Pay

Public Sector Banks are gearing up to compete with Private Sector banks and it's started with right track - Three Public Sector Banks i.e. State Bank of India (SBI), Punjab National Bank (PNB) and Bank of Baroda (BoB) are planning to introduce performance-linked...

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Canara Bank To Raise Rs 1,000 Crore Through Employee Stock Purchase Scheme

Canara Bank is raising Rs 1000 crore through Employee Stock Purchase Plan. Canara Bank board has approved the purchase of 6 crore equity shares to its staff to raise up to Rs 1,000 crore under employee stock purchase scheme. The bank...

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Rs 7,840 Crore Equity Capital Will Be Raised By Syndicate Bank This Fiscal

Public Sector Syndicate Bank has announces to raise equity capital of Rs 7,840 Crore. The capital will be raised through various means  including preferential issue to the government, creating equity shares by way of qualified institutional placement or rights issue or follow...

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