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Arun Jaitely Against State Police Investigating Public Sector Bankers

Finance Minister Arun Jaitely said that "State police investigating a Central PSU threatens the federal balance".He further added that overreach of Central, State investigation agencies has threatened bankers; anti-graft law affecting honest decision-making. Read - Bank Of Maharashtra Chairman, ED Arrested in...

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Banks and Employees Not Fulfilled on Expectations: Piyush Goyal

Union Minister of Finance (Temporary) Piyush Goyal has stated that the banking system in India has failed to work according to the expectations of the people and government. The high moral standards that were expected from bank employees did not...

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What is Prompt Corrective Action (PCA) ?

Recently Reserve bank of India has brought many of Public Sector Banks under prompt correction action (PCA) like Bank of India, Corporation bank, United Bank of India, UCO bank, Indian overseas bank, IDBI banks, Central Bank of India and lot more....

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Know The Financial Resolution and Deposit Insurance Bill (FRDI)

Currently there is a wide debate going on within financial sector about proposed Financial Resolution and Deposit Insurance Bill (FRDI). Main concern is on non-assurance on depositors money and bail-out of weak banks through bank deposit of different bank. Ending the...

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Why To Put Taxpayer Money After Bad Public Sector bank ? Said Uday Kotak

Kotak Mahindra Bank chairman, Uday Kotak has said that why Government is unnecessary putting Taxpayer Good money for bad strategic loan of Public sector bank. He further said that the government will have to choose between putting more money into...

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Rs 2650 Crore Fraud in Public Sector Banks

After Kingfisher Loan Default, it's another jolt to Public Sector Bank in India. This time Zoom Developers Pvt Ltd who allegedly swindling Public Sector banks (PSB) for more than Rs 2650 crore. This scam is regarded as biggest cases of money laundering using...

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Rs 60,000 Million Visa, Master Card Indian Business in Danger ?

Card transaction giant Visa and Master Card Rs 6000 crore business in India are under danger due to government digitization initiative. Indian government push to digital payment system has given a big blow to these multinational business as it is...

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