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EPFO partners with 5 banks for PF dues collection

To ensure a better mechanism for dues collection, Employees Provident Fund Office (EPFO) has partnered with five banks. The venture with Bank of Baroda, ICICI...

Bank of Baroda plans to raise Rs 9,000 crore through equity dilution

In a bid to fund its growth during the fiscal, state-owned Bank of Baroda (BoB) has planned to raise Rs 9,000 crore through various instruments, including...

NITI Aayog promotes e-payments, launches two new schemes for customers

The Central Government recently launched two schemes for consumers and merchants as part of its initiatives to encourage use of digital payments. While Lucky Grahak...

CVC directs banks to report frauds of Rs 1 crore and...

The Central Vigilance Commission (CVC) has made it mandatory for the public sector banks to report to it all matters involving frauds of Rs...

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...

Food procurement: Punjab govt wants banks to restructure Rs 21,000 cr...

The Government of Punjab has asked the State Bank of India(SBI)-led consortium of banks to treat their outstanding loan of Rs 21,000 crore as...

PSU banks need Rs 1.2 lakh-cr infusion from Govt, says Moody’s...

Moody’s Investors Service on Friday said that in order to strengthen balancesheets of public sector banks, Government will have to infuse Rs 1.2 lakh...

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