A statement issued by the bank said that the anonymous communication was treated as a whistleblower complaint and an enquiry was instituted....
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Showing posts with label Banking/Finance-Industry-The Economic Times. Show all posts
Showing posts with label Banking/Finance-Industry-The Economic Times. Show all posts
MFIs lower rates with greater efficiency, lower cost of funds
RBI has capped lending rates of NBFC-MFIs at 10% over their cost of funds or 2.75 times the average base rate of five large banks, whichever...
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Arijit Basu to be State Bank of India's new Managing Director
A graduate in Economics and a Master of Arts in History, Basu has held several key positions in State Bank of India. from Banking/Finance-...
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ICICI Bank probes 31 loan accounts on whistleblower complaint
The largest private sector lender said that it received anonymous complaint against the treatment of these 31 accounts in March. from Bank...
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Nothing unusal, says bank; 1.6 lakh deposited Rs 746-crore banned notes, says NABARD
NABARD also said of the total number of accounts with ADCB, only 0.09 percent comprised accounts with deposits of more than Rs 2.5 lakh. f...
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Bank of Baroda goes to CBI with loan fraud charges against PSL Ltd
Pipe maker PSL Ltd stands accused of siphoning off Rs 700 crore from a dedicated account linked to GAIL projects, payments for which due to ...
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Microfinance loan cap raised to Rs 80000 per borrower
Private banks such as IndusInd, IDFC and RBL are increasing their exposure to the bottom of the pyramid customers while industrial credit de...
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RBI to FinMin: Feb 12 circular gives enough space for resolution of bad loans
During the meeting association of power producers (APP) and independent power producers association of India (IPPAI) were present and made t...
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Karnataka Bank earmarks Rs 2900 Cr for export sector
India’s exports will rise in 2018-19 spurred by positive global economic outlook, according to Karnataka Bank Managing Director M.S.Mahabale...
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Bank with Amit Shah as a director collected highest amount of banned notes among DCCBs: RTI reply
The Ahmedabad District Cooperative Bank secured deposits of Rs 745.59 cr of the spiked notes in just five days after PM Modi made the demone...
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View: Crisis of confidence in banking system provides an opportunity to unleash reforms
Current developments point towards a pandemic problem ailing the Indian banking sector, which cannot be resolved with quick-fix solutions. ...
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AIIB ready to pump in $1.9 bn more into the country
The country, the second largest shareholder in the Beijing-headquartered lender, is already the largest borrower accounting for commitments ...
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B Sriram, MD of SBI to take additional charge of IDBI Bank, Jain to take charge at RBI soon
M K Jain will be the fourth DG at the central bank. The post has been vacant since july 2017 after S S Mundra completed his term. from Ban...
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Bank of Maharashtra CEO, executive director held for role in Rs 3,000 crore DSK Group default case
Pune-based builder DS Kulkarni and his wife Hemanti who were arrested in February this year are accused of cheating over 4,000 investors of ...
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18,000 bank branches, post offices have Aadhaar facility now: UIDAI
UIDAI had in July last year asked private as well as public sector banks to set up Aadhaar facility in at least one out of 10 branches. fr...
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ICICI Bank reshuffle has left many questions unanswered: Jefferies India
In a report on Tuesday, brokerage Jefferies India has called Bakshi’s appointment as temporary and questioned the board's wisdom to have...
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RBI revises upwards housing loan limits under priority sector
The loans disbursed under the priority sector lending category are cheaper than the market interest rate. from Banking/Finance-Industry-Th...
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Chanda Kochhar's confidante N S Kannan to head ICICI's life insurance venture
Kannan has served as the chief financial officer of the bank for 5 years, a position he took over from current chief Kocchar when she moved ...
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PSBs to now work in a team to solve the bad loan problem: Piyush Goyal
"Banks will have a creditors agreement among themselves to iron out problems related to consortium banking," Finance Minister said...
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From trainee to Padma Bhushan to forced leave: The rise and fall of Chanda Kochhar
Kochhar has had a dream career. In 1984, when she joined ICICI as a management trainee, no one would have imagined she would become MD &...
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