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Fake notes from SBI ATM: Cash custodian arrested

A 27-year-old man was arrested on Thursday in connection with a case in southeast Delhi’s Sangam Vihar area where a State Bank of India ATM had allegedly dispensed four notes of Rs 2,000......

Fake Rs 2000 notes from 'Children Bank of India' at Delhi ATM

A man who had gone to withdraw money at an ATM in Sangam Vihar in New Delhi allegedly ended up getting four notes of Rs 2,000 with ‘Children Bank of India’ written on them, police said......

PNB reports Rs 11,400 cr fraud involving jeweller Nirav Modi, suspends 10

While PNB did not name the other lenders, Union Bank of India, Allahabad Bank and Axis Bank are said to have offered credit based on letters of undertaking (LOUs) issued by PNB. Foreign bank......

SBI posts Rs 24 bn loss in Q3 over NPA provision, 1st in 19 years

Loss takes analysts by surprise, as they were expecting the bank to post a net profit of Rs 19 billion. State Bank of India (SBI), the country’s largest bank, posted a quarterly loss for the......

Govt kick-starts Rs 1.35-trn bank recapitalisation programme

The total quantum of non-performing assets in the Indian banking system increased to Rs 7.33 trillion as of June 2017, from Rs 2.75 trillion in March 2015. The finance ministry sought......

SBI lowers base rate, to benefit nearly 80 lakh customers

Those who are on the old lending rate regimes and have not moved to MCLR, will be benefited from this reduction. The State Bank of India on Monday reduced the base rate and benchmark prime lending......

2 PSU bank unions may strike work on Dec 27

However, the likely impact of strike may not be much excluding few areas, said SBI. A section of bank unions have given a strike call for December 27 for early implementation of wage revision for......
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SBI Card cautions customers against Bitcoin investment

SBI Card cautioned customers of risks associated with bitcoin and other crypto-currencies, but did not ban use of its credit card for such... ...

http://asianetindia.com/sbi-card-cautions-customers-against-bitcoin-investment/
SMEs and corporates get a paperless expense management from Oxigen

Oxigen Services has launched All-in-One Pre-Paid Debit Card based Expense Management Solution in collaboration with Rupay and RBL Bank. The company... ...

http://feedproxy.google.com/~r/pluggd/~3/NUjyT6upm4E/
PNB sitting on CVC plea for nod to prosecute 9 staffers

The Punjab National Bank and two other banks are sitting over the CVC's multiple requests seeking sanction to prosecute nine of their senior... ...

http://www.rediff.com/money/report/pnb-sitting-on-cvc-plea-for-nod-to-prosecute-9-staffers/20180220.htm
Barring IDBI bank, no PSU stock posted gain in past month; impact of Nirav Modi's fraud? Is it time to sell?

If you are a retail investor, the Nifty PSU bank index, will give you quivers and force you into thinking whether to hold your positions or to sell... ...

http://www.sify.com/finance/barring-idbi-bank-no-psu-stock-posted-gain-in-past-month-impact-of-nirav-modis-fraud-is-it-time-to-sell-news-crime-scuo0Ebihaehj.html
Bank clarifies it has enough assets to meet liabilities, but is unaware of SIT probe

Punjab National Bank has clarified to the exchange houses that it has enough assets to meet liabilities from the Rs 11,400 crore scam. The bank was... ...

http://www.sify.com/finance/pnb-fraud-scam-bank-clarifies-it-has-enough-assets-to-meet-liabilities-but-is-unaware-of-sit-probe-news-crime-scumcEfabfgje.html

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