Tag: Bank
Banking Operations Affected Pan-India Due To Strike
In the first major organised protest against the government's "anti-people banking reforms", 10 lakh bank employees and officials staged a strike on Tuesday, bringing banking operations across the country to a halt. ....
Auction Fails Fourth Time For Mallya's Kingfisher House, Villa
An SBI-led consortium's attempt to auction properties of industrialist Vijay Mallya in order to recover loans made to his Kingfisher Airlines, failed again on Monday as these had no takers despite around a 10 per cent cut in their reserve price.....
Reliance General Signs Bancassurance Deal With Catholic Syrian Bank
Non-life insurer Reliance General Insurance -- part of Reliance Capital Ltd -- on Wednesday said it has signed a bancassurance deal with private-owned Kerala-headquartered Catholic Syrian Bank.....
Banks Need Incentives To Clean Up Bad Loans: SBI
The State Bank of India (SBI) on Wednesday said that the Reserve Bank of India (RBI) needs to give some incentives to banks for resolution of bad loans in terms of provisions or extending the deadline of March 31 to clean up their books.....
All Banks Must Enable Mobile Banking By March 31: Government
In a move to promote digital transactions post-demonetisation, the government on Wednesday said it has asked banks to provide mobile banking facility to all customers by the end of the current fiscal on March 31.....
98% Of Government Payments In 2016-17 Made Digitally, Says CGA
Controller General of Accounts (CGA) Archana Nigam has said that 98 per cent of the total government transactions in the current fiscal, pegged at Rs 6.05 lakh crore in terms of value, have happened through the digital route.....
Army Signs MoU For Housing
The Army Welfare Housing Organisation (AWHO) on Friday signed an agreement with a private market research firm for support in its housing projects, said an official.....
Smartisan Technologies Sets Up First OEM Unit In Noida
Domestic electronics manufacturer Smartisan Technologies on Monday announced its first Original Equipment Manufacturer (OEM) unit in Noida that will manufacture mobile batteries, power banks and virtual reality (VR) headsets.....
2 Bankers Booked For Violating RBI Guidelines
The CBI has booked two Union Bank of India employees here for allegedly violating the RBI guidelines by depositing in the bank's chest over Rs 84 crore in old currency notes of three private firms, an official said on Tuesday.....
Electoral Bonds Cannot Become Parallel Currency-Arun Jaitley
Finance Minister Arun Jaitley on Wednesday said that the electoral bonds announced in Union Budget 2017-18 to promote legitimate funding of political parties cannot become a parallel currency and thus would be valid only for a specific duration.....
