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CVC awaits sanction to prosecute 100 govt officials

It has been over four months since the Central Vigilance Commission (CVC) has been awaiting sanction to prosecute nearly 100 central government employees, including Indian Administrative Service......

Teesta Setalvad's NGO barred from receiving foreign funds

A non-governmental organisation run by civil rights activist Teesta Stelvad, who has espoused the cause of Gujarat riot victims, was on Thursday banned from receiving foreign funds, with the home......

Teesta Setalvad's NGO's licence suspended for 6 months

In a fresh crackdown on an NGO run by social activist Teesta Setalvad, the home ministry on Thursday suspended its registration for six months accusing the organisation of violating Foreign......

CBI registers case against Teesta Setalvad

The Central Bureau of Investigation on Wednesday registered a case against social activist Teesta Setalvad and her organisation for alleged violation of Foreign Contribution Regulation Act in......

Home ministry serves notice 2 NGOs run by Teesta Setalvad

Two non-government organisations run by social activist Teesta Setalvad and her husband have been served notice by the home ministry for alleged violations of the Foreign Contribution Regulation......

Creditors of cash-strapped DHFL claim dues worth Rs 87,905.6 crore

Of the total, the financial creditors - banks, bond holders and other financial institutions - have claimed Rs 86,892 crore. Illustration: Uttam Ghosh/Rediff.com Creditors to Dewan Housing Finance......

CBI raids 169 sites nationwide in Rs 7k cr bank frauds

The Central Bureau of Investigation is conducting searches in 169 locations across the country in connection with 35 bank fraud cases registered by the agency involving funds of over Rs 7,000......

PNB-UBI-OBC merger: Automated HR integration likely

All transfers and promotions for next financial year will be decided by respective banks, not by the merged entity. Illustration: Uttam Ghosh/Rediff.com The human resource integration for the......

Bank mergers and death of forex brokerages

Business is down to such an extent that last year these firms could not even meet RBI’s capital norm of Rs 50 million for partnerships and Rs 100 million for public and private firms in this......

RBI rebuts rumours of more banks being shut post-PMC

Rebutting social media rumours swiftly, the Reserve Bank of India on Wednesday said no commercial banks are going to be shut.  IMAGE: Customers gather inside the Punjab and Maharashtra......
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Inaccurate that MSMEs don’t get finance easily, says banking official

In a panel discussion under ETRise Dialogue, a top official of the Union Bank of India said that MSMEs were getting loans sanctioned by banks,... ...

https://economictimes.indiatimes.com/small-biz/sme-sector/etrise-top-msmes-ranking-inaccurate-that-msmes-dont-get-finance-easily-says-banking-official/articleshow/73352430.cms
Union Bank of India cuts MCLR by 10 bps across all tenors

Union Bank of India has cut its marginal cost of funds-based lending rate (MCLR) by 10 basis points (bps) across all tenors with effect from January ...

https://www.thehindubusinessline.com/money-and-banking/union-bank-of-india-cuts-mclr-by-10-bps-across-all-tenors/article30541971.ece
Govt unlikely to announce capital infusion for PSU banks in budget

The government is unlikely to announce capital infusion for the public sector banks in the upcoming budget and will rather encourage them to... ...

http://news.rediff.com/commentary/2020/jan/05/govt-unlikely-to-announce-capital-infusion-for-psu-banks-in-budget/ab5c725617e9b9ff8f513f4356bd8957
SBI, UBI to sell NPAs worth Rs 2,836 cr in Jan

While SBI has put on sale Rs 1,554.87 crore of three assets, state-run Union Bank of India has invited bids to sell 11 NPAs worth Rs 1,280.87... ...

https://economictimes.indiatimes.com/markets/stocks/news/sbi-union-bank-to-sell-npas-of-rs-2836-crore-this-month/articleshow/73073140.cms
CBI Conducts Extensive Searches on Premises of Former TDP MP Rayapati Sambasiva Rao

The search was conducted based on a complaint filed by the Union Bank of India consortium, related to a Rs 275 crore loan that Transstroy Limited... ...

https://www.news18.com/news/india/cbi-conducts-extensive-searches-on-premises-of-former-tdp-mp-rayapati-sambasiva-rao-2441697.html

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