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RBI penalises Syndicate Bank for breaching KYC norms

The Reserve Bank of India (RBI) has penalised public lender Syndicate Bank for breaching the Know Your Customer (KYC) norms. A fine of Rs...

H N Sinor quits Bank Board Bureau

In an unexpected move, veteran banker H N Sinor has quit as the member of Bank Board Bureau (BBB). The board was constituted last year...

Karnataka’s Sherewad is now a digital banking village

In a move towards realising Prime Minister Narendra Modi’s Digital India dream, Karnataka Vikas Grameen Bank (KVGB) has declared Sherewad as a digital banking...

Canara Bank chosen as a partner for HEFA

The government has chosen Canara bank as the joint venture partner for the establishment of a Higher Education Financing Agency. The Higher Education Financing Agency...

United Bank of India gets Rs 608 crores from Govt

United Bank of India (UBI) has received Rs 608 crores from the central government  through preferential allotment of equity shares. The Union Ministry of Finance...

LIC Chairman resigns two years ahead of term

State-run Life Insurance Corporation of India (LIC) chairman S K Roy has reportedly tendered resignation two years before his term ends. Sources said, Roy...

State-run banks to get Rs. 5,050Cr govt support

The state-run banks are likely to get a sum of Rs.5,050Cr from the Government of India to be spent on their recapitalisation, by the...

SBI launches ‘flexi’ home loan

In a bid to attract young customers, top lender State Bank of India (SBI) has launched a new home loan scheme offering higher amount...

Govt may infuse over Rs.70,000cr capital into PSBs

The Finance Ministry is considering infusing more than the announced Rs 70,000 crore in public sector banks to help strengthen their balance sheets, inform...

IRDA wants banks to share ‘Bancassurance’ mis-selling responsibility

The trend of selling insurance products through commercial banks, or Bancassurance, may be at risk, as the Insurance Regulatory & Development Authority of India...

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