Tag: Bank
Two-day Nationwide Bank Strike Begins
The two day bank strike by over 10 lakh bankers demanding early wage settlement starting Wednesday has evoked good response nationwide, said a top leader of the All India Bank Employees' Association.....
Indian Economy To Advance 7.3% In 2018-19, Fastest Growing: World Bank
India is projected to regain its position as the world's fastest growing major economy advancing 7.3 per cent this fiscal year and 7.5 per cent in the next two "as factors holding back growth in India fade", according to the World Bank forecasts.....
RBI Hikes Repo Rate By 25 Basis Points To 6.25 Per Cent
Following a cycle of rate cuts begun in January 2015, the RBI on Wednesday raised its key interest rate for the first time by 25 basis points to 6.25 per cent, a central bank announcement said.....
ED Seeks 'red Corner Notice' Against Nirav Modi
The Enforcement Directorate (ED) has requested the Interpol to issue Red Corner Notice (RCN) against absconding diamentiare Nirav Modi in connection with its probe into the Rs 13,500 crore Punjab National Bank (PNB) fraud case, agency sources said.....
RBI Hikes Key Lending Rate By 25 Basis Points To 6.5%
The Reserve Bank of India (RBI) on Wednesday raised its key benchmark lending rate by 25 basis point to 6.5 per cent in its third monetary policy review of 2018-19.....
Nirav Modi Extradition Sought From UK: VK Singh
The government has sent a request to the UK for extraditing fugitive diamantaire Nirav Modi, who is wanted in the Rs 13,500 crore Punjab National Bank (PNB) fraud case, parliament has been informed.....
Ahmedabad Bank Files Defamation Suits Against Congress Chief, Surjewala
The Ahmedabad District Cooperative Bank on Monday filed two criminal defamation complaints against Congress President Rahul Gandhi and party Spokesperson Randeep Singh Surjewala in a court here for their tweets regarding deposits made in the bank after demonetisation.....
Most NPAs Originated In 2006-08, Banks To Blame: Raghuram Rajan
Former RBI Governor Raghuram Rajan has said that a big number of non-performing assetes (NPAs) originated in 2006-08 when India's economic growth was strong while some banks proved inadequate in making proper due diligence....
Merger Of Dena Bank, Vijaya Bank, Bank Of Baroda Announced
In a reform measure aimed at further consolidation, the government on Monday announced the merger of three state-run banks--Dena Bank, Vijaya Bank and the Bank of Baroda--that will make it the country's third largest bank with a combined business of Rs.14.82 lakh crore.....
ED Attaches Nirav Modi's Foreign Assets Worth Rs 637 Cr
The Enforcement Directorate (ED) said on Monday it has attached foreign properties of fugitive diamond jeweller Nirav Modi worth Rs 637 crore in its ongoing investigation into the Punjab National Bank (PNB) fraud.....
