The Central Bank of India which is marking its centenary celebrations starting from today, plans to open branches oversees and achieve core banking solution (CBS) in all its existing branches, a top company official has said.
There were nearly 4,000 cabin crew with Jet when the airline was grounded; every fifth remains without a job to date. One cabin crew member with 10 years of experience has been forced to take up a teaching job; some have branched out into small businesses. Aviation jobs were scarce even before the Covid-19 pandemic arrived on Indian shores in early 2020. The situation has been exacerbated since.
Digitisation is changing the banking business. This shift has resulted in a change in banking job profiles.
All 'grameen dak sevaks' in rural post offices will be given handheld devices by March 2017.
The United States Select Committee on Intelligence's damning report on the Central Intelligence Agency throws spotlight on the brutal tactics adopted by CIA agents to elicit information from terror suspects and yet its ineffectiveness in the sense that it delivered no 'ticking time bomb' data that prevented an attack.
'Dasgupta misused his official position and manipulated TRP of specific news channels broadcast by ARG Outlier Media Pvt Ltd such as Republic Bharat Hindi and Republic TV English,' the police alleged in its remand note.
According to ED sources Sunil Mehta said the fraud took place due to "systemic failure" and "procedural lapses", owing to lack of interface or proper links between the core banking software and the SWIFT interbank messaging system.
'PNB had confirmed compliance with the RBI's prescription in its circular of August 3, 2016, which has now turned out to be factually incorrect,' Minister of State for Finance Shiv Pratap Shukla said in Rajya Sabha on Tuesday.
United States President Barack Obama has signed into law the $618 billion defence budget for 2017, which enhances security cooperation with India and conditions nearly half of the funding to Pakistan on a certification that it is taking demonstrable steps against the Haqqani Network.
The notice has been sent under section 108 of the Code of Criminal Procedure, asking Goswami to show reasons as to why a bond of good behaviour should not be taken from him, a police official said.
He escaped the country in the first week and took the oath of allegiance in Antigua on January 15
The 'Tamil Thai Vaazhthu', an invocation, is only a prayer song and not a National Anthem and hence, there is no need for every one to remain in standing posture when it is rendered, the Madras High Court bench here has ruled.
While law-abiding customers are harassed for KYC and have to comply with endless paperwork even to open and close accounts, DHFL could easily open nearly 260,000 fake home-loan accounts, reveals Debashis Basu.
'There is little appetite in the Democratic foreign policy establishment to pick a fight with India.'
President-elect Joe Biden's low-key inauguration on January 20 will include a Pass in Review on the East Front, a presidential escort to the White House, and a virtual parade across America following his official swearing in at the United States Capitol, the Presidential Inaugural Committee has announced.
As the Jan-Dhan scheme completes a month since its official launch, reports coming in from various parts of the country suggest the stated target of 75 million new accounts will be achieved much before January 26 next year.
The South African authorities said the detected cases and percentage of people testing positive are both increasing quickly, particularly in particularly in most populated province of Gauteng, North West and Limpopo regions of the country.
'Suppose you are sitting abroad and taking legal recourse through power of attorney then what happens. If that is so then you will come to India if the court rules in your favour, we don't know what you have in mind'
It can if your debit card belongs to a PSU bank
Merely bringing down the government stake below 51% may not find any taker for the PSBs. The government must bring down its holding to at least 26%, recommends Tamal Bandyopadhyay.
Mired in corruption, politics and with a history of suicides by its hapless depositors, PMC Bank's revival is a challenge very different from Yes Bank and LVB, both for the regulator and the rescuer, observes Tamal Bandyopadhyay.
"I would like to resign as an independent director of the bank with effect from January 27, 2020. Given an entity owned and controlled by me has made an application to the RBI for a universal banking license, I felt it was -- in the interest of propriety and corporate governance -- only appropriate that I stepped down from this role," Bansal said in his resignation letter, which was disclosed by Ujjivan SFB in the regulatory filing.
While the bill is yet to be passed by the House of Representatives before it lands up on the table of Obama to sign it into law, the White House has said that Obama would veto it.
In India, it is not easy to fight it out with the large banks which are nimble-footed and technology-savvy and are continuously innovating on the retail turf with newer products for customer acquisition.
The sale will be quicker if an Indian private bank buys it; it will take longer for regulatory clearances if a foreign bank or an NBFC buys it, points out Tamal Bandyopadhyay.
The White House on Tuesday ruled out any possibility of withdrawing the order and exuded confidence of winning the case.
The networking giant said it has taken steps to reduce the visibility of hashtags containing harmful content, which included prohibiting them from trending and appearing as recommended search terms.
Capital markets regulator Sebi on Monday came out with a framework for operationalising the gold exchange, wherein the yellow metal will be traded in the form of electronic gold receipts (EGRs). The stock exchange desirous of trading in EGRs may apply to Sebi for approval of trading in the new segment, the regulator said in a circular. The bourses can launch contracts with different denomination for trading or conversion of EGR into gold. Under the new framework, the entire transaction has been divided into three tranches-- creation of EGR; trading of EGR on stock exchange and conversion of EGR into physical gold.
With a potential liability of Rs 750-800 crore, sources say Clix Capital's stand on the matter would be crucial in finalising the merger valuation.
A balance transfer to another lender entails substantial cost and time.
Digambar Kamat has been summoned by the Crime Branch to appear before it on Wednesday in connection with the case.
There is not much bank employees can do, but some words of encouragement from the management would have helped. Stretched working hours and the tense atmosphere is taking a toll on their health.
Foreign banks were ahead in terms of technology, but that is no longer the case as Indian private banks steal the innovation march.
My NPAs are reducing and recovery is going up. This will help us to augment our revenue, says R Subramaniakumar of IOB.
Maharashtra Anti-Terrorism Squad chief Rakesh Maria on Tuesday deposed as a defence witness before a sessions court in Mumbai in the infamous television executive Neeraj Grover murder case.
Digibank will offer only savings deposits initially, but will expand to include investments and lending in the coming months.
After Llyod's, many reinsurers keen to start ops in India.
The bench posted the matter for further hearing to February 21 and asked police not to take action against the ICICI officials until then.
PNB issued a formal appointment letter to Belgium-based consultancy firm BDO
Some of the public banks showed improvement; much more still needs to be done
