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Tag: Bank

FM Sitharaman
India Needs 4-5 More SBI Sized Banks: FM Sitharaman

"We need to scale up banking. The need is for at least four-five more SBI sized banks," Sitharaman said.

Sensex Falls Over 100 Pts; Bank, Energy, IT Stocks Drag

Mumbai: Domestic equity benchmark BSE Sensex dropped over 100 points in early session on Tuesday, dragged by banking, energy and IT stocks, amid weak global cues. The 30-share index was trading 147.66 points, or 0.40 per cent, lower at 36,975.65 at 0930 hours, while the broader Nifty fell 43.30 points, or 0.39 per cent, to […]

Sensex Jumps Over 150 Pts; Infosys Drops 2 PC

Mumbai: Domestic equity benchmark BSE Sensex opened over 150 points higher on Tuesday led by gains in index heavyweights L&T, ICICI Bank, SBI and HDFC Bank amid positive domestic and global cues. The 30-share index was trading 123.95 points, or 0.33 per cent, up at 37,618.07 at 0930 hours, while the broader Nifty rose 43.45 […]

ATM PIN change: Account holders should know these details

Considering the increase in number of ATM frauds, one should be a little bit careful while dealing with ATM card transactions. One should not share the ATM card number and PIN with anyone. It is always advisable to change the ATM PIN on regular basis. An ATM cardholder should memorise his/her card PIN number without […]

ED questions Chanda Kochhar for fourth straight day

Mumbai: The Enforcement Directorate (ED) on Monday questioned former ICICI Bank CEO Chanda Kochhar for the fourth consecutive day in the ongoing probe into the alleged irregularities and corrupt practices in sanctioning a Rs 1,875-crore loan by the bank to the Videocon Group. Chanda Kochhar’s questioning began at ED’s office after she deposed before the […]

ICICI-Videocon case: Enforcement Directorate raids Kochhar, Dhoot homes

New Delhi: The Enforcement Directorate (ED) on Friday carried simultaneous raids at the residences of former ICICI Bank CEO Chanda Kochhar and Videocon Group promoter Venugopal Dhoot in connection with an ongoing probe into alleged irregularities and corrupt practices in sanctioning of Rs 1,875 crore loan by the bank to the corporate group. The agency […]

BJP files PIL in High Court on Srimandir’s 'missing' gold

Bhubaneswar: Questioning the discrepancy in the amount of gold collected from the ‘Hundis (donation boxes)’ of Puri Srimandir and the amount deposited in the bank locker, BJP has filed a Public Interest Litigation (PIL) in the Orissa High Court today. In the PIL filed by BJP State vice-president Samir Mohanty, a Central Bureau of Investigation […]

SBI bank home loan cheaper
SBI looks at over Rs 40,000 crore recovery in FY19

Kolkata: The country’s largest lender, State Bank of India (SBI), is looking at recovering more than Rs 40,000 crore of its stressed assets in the current fiscal, an official said on Saturday. “Our expectation is that we will be making a recovery of more than Rs 40,000 crore in the current financial year. We expect […]

Foreign branches of other Indian banks may be involved in Nirav fraud: PNB

Mumbai: The Punjab National Bank (PNB) has charged that foreign branches of other Indian banks may also be involved in what has turned out to be the biggest fraud in the country’s banking sector involving diamond trader Nirav Modi. “There is clear criminal connivance of the group companies of Nirav Modi and Gitanjali Gems with […]

Lowering interest rates decision depends on banks: Jaitley

New Delhi: Sounding a note of caution on the inflationary impact of rising global crude oil prices ahead of the RBI’s final monetary policy review of the fiscal, Finance Minister Arun Jaitley on Monday said that lowering interest rates is a decision entirely in the domain of banks. In an interview to a private channel […]

Indian robot made in China steals the show at IT event

Beijing: An Indian robot made in China, which could recognise people by their nationalities and guide customers in a bank, today captivated Chinese manufacturers at an IT event held in the southern port city of Dalian. The five-feet Robot Mitra which was designed in Bengaluru but manufactured in the Chinese city of Shenzhen was presented […]

Public fume as Aadhaar card centres collect ‘illegal fees’

Balasore: At a time when Aadhaar card has been made mandatory for important works including several government schemes, residents in Balasore are now left in quandary as several centres here are charging fee for enrollment. The Aadhaar Card centres are charging fee of about Rs 50- Rs 200 for enrolling people for the unique identification […]

Banks stare at union strike on Tuesday, services may be hit

New Delhi: Services at public sector banks may take a hit on Tuesday as all unions under the aegis of UFBU have threatened to go on strike against the government’s proposed consolidation move besides raising a host of other demands. Most banks have already informed their customers that functioning of branches and offices will be […]

Sensex reclaims 30,000-level, zooms 134 pts in early trade

Mumbai: BSE benchmark Sensex recouped over 134 points to trade above the 30,000-mark in early trade today on the back of widespread gains triggered by encouraging corporate earnings. The 30-share index rose by 134.33 points, or 0.44 per cent, to 30,052.73. The gauge had lost 214.95 points in the previous two sessions. All the sectoral […]

Many Panchayat candidates have no mobiles or bank accounts

Kendrapara: The ensuing three-tier panchayat polls has thrown up quite a few paradoxes with several candidates not having mobile phones, bank accounts or post office passbooks. As per the sworn affidavits furnished at the district election office, there are instances of candidates in the fray having no movable or immovable property of their own. Penniless […]

Naveen asks PM to exempt PAN Card provision for bank deposits

Bhubaneswar: Chief Minister Naveen Patnaik today asked Prime Minister Narendra Modi to exempt the provision of PAN Card number for people belonging to Scheduled Areas of Odisha for bank deposits beyond Rs 50,000. “I would request your good office to kindly exempt the Scheduled Area of our state from the insistence on PAN Card number […]

india post
Exchange of invalid notes: All post offices in Odisha to remain open on Sunday

Bhubaneswar: Keeping the desperation of the people in the exchange of old Rs 500 and Rs 1000 currency notes which have been declared invalid by the Centre recently, the Department of Post, Government of India, has decided to keep post offices in all states including Odisha open on Sunday. As informed by the Postmaster General […]

Miscreants loot SBI ATM, set bank on fire

Puri: In a daring daylight robbery, some unidentified miscreants ransacked the State Bank of India (SBI) Automated Teller Machine (ATM) at Delanga Bazaar in Pipili and decamped with the cash. According to sources, soon after the loot, the ATM and the bank caught fire. Though the exact reason behind the outbreak of the fire is […]

Brace for a bank strike Feb 25 onwards

Bank employee union today said they may go for a four-day strike from February 25 followed by an indefinite strike mid March onwards unless their demand for wage hike is met

Bank strike
Public sector bank staff start two-day strike; operations hit

Cheque clearances and cash withdrawals and deposits in public sector bank branches across the country were hit as employees started a two-day strike today to press for a revision in wages

Bank strike
Bank unions to go on 2-day strike from tomorrow

New Delhi: Operations at public sector banks are likely to be impacted as employee unions have decided to go on a two-day nation-wide strike from Monday to press for wage revision. During the conciliation meeting held on February 6 before the Chief Labour Commissioner, the IBA did not come up with any improvement in the […]