Panic at New India Co-op Bank as the RBI supersedes board
RBI appoints administrator for New India Cooperative Bank, depositors panic, eligible for up to Rs 5 lakh insurance claim.
State Bank of India sees sector's personal loan woes easing on tighter credit rules
State Bank of India (SBI) , the country's top lender by assets, expects the industry's concerns over retail borrowers ...
State Bank of India aims to raise 50 bln rupees via perpetual bonds, sources say
The State Bank of India is looking to raise around 50 billion rupees ($573.38 million) via Basel III-compliant additional ...
No round-the-clock guards needed at ATMs, rules Supreme Court
The bench accepted the arguments presented by the Union government and banks that deploying security guards at every ATM was ...
State Bank of India falls Friday, underperforms market
State Bank of India closed 19.19% short of its 52-week high of 912.10 rupees, which the company achieved on June 3rd.
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RBI supersedes New India Coop Bank board; fund misappropriation led to action
A day after imposing business restrictions on the city-headquartered New India Cooperative Bank, the Reserve Bank on Friday superseded the lender’s board citing governance lapses and appointed an ...
MC Exclusive | Empty ATMs, statutory defaults, and deep rating downgrades: AGS Transact faces a crisis
Some banks serviced by AGS Transact have informed the regulator about the increasing cases of ATMs not being refilled and have held back their payments to the company. Crisil and India Ratings have ...
SC says no round-the-clock manning of ATMs needed, overturns Guwahati High Court's order
A bench comprising Justice B.R. Gavai and Justice K. Vinod Chandran considered arguments presented by Solicitor General ...
Kerala Bank Heist: Robber Locks Staff In Toilet, Escapes With Rs 15 Lakh At Knifepoint
The bank manager and the staff were locked in the locked in the toilet at knifepoint. The robber looted Rs 15 lakh worth of ...
Union Bank of India premier branch opened at Yerrabalem
Guntur: Union Bank of India executive director Pankaj Dwivedi inaugurated the premier branch of the Union Bank of India at Yerrabalem in the presence of bank zonal head CVN Bhaskara Rao, ...
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SC says no round-the-clock manning of ATMs needed
The Supreme Court on Tuesday set aside a Gauhati High Court order for round-the-clock manning of ATMs to ensure one customer entry at a time. A bench of Justices B R Gavai and K Vinod Chandran took ...