Robbery at Union Bank of India, Kanpur Branch
On 19 February 2018, Robbers broke into one of the branches of Union Bank of India in Kanpur by using a gas cutter and drilling a hole in the …
The PNB Fraud worth Rs.11,400 crore: How it Happened?
India’s second biggest Public Sector Unit, Punjab National Bank detected fraud transactions worth Rs.11,400 crore ($1.77 billion) at one of its Mumbai Branches. This is one of the biggest …
Highlights of Union Budget 2018
Today, 01 February 2018, the Finance Minister of India, Mr. Arun Jaitley presented the Union Budget for the fiscal year 2018-19 in the parliament. The budget seems to be primarily …
Finance Ministry Opens Tap for PSBs under recapitalisation plans
In October 2017, the Finance Ministry had approved a massive amount of Rs.2.11 lac crores for Public Sector Banks (PSBs) under the recapitalisation plans and today 24 January 2018, …
PSU Banks Recapitalisation Plans to start by February 2018
Last October 2017, the Indian finance ministry had announced Rs.2.11 lac crore recapitalisation plan for public sector banks. The senior official recently told that the initiation of this will …
Major GST reform shuns over 177 items from 28% slab
Goods and Services Tax (GST) council has declared a major change in the tax slab rates on over 177 items that were imposed 28% post GST implementation. As per …
PayPal to Launch Domestic Payment Services in India
PayPal, the pioneer of Cross-Border Digital Payments, is all set to launch Domestic Payment Services in India this week around. Even after a struggle of more than 6 months, though …
Govt. Approved Rs 2.11 Lac Crore Recapitalisation plan for PSU Banks
The Indian Government today(24 October 2017) approved a very huge Rs.2.11 Lac Crore recapitalisation plan for Public Sector Banks. This amount will be allocated in a span of two …
World’s Top 20 Largest Banks
On Tuesday, 11 April 2017 S&P Global Intelligence published its ranking of the world’s largest 100 Banks by assets. Chinese banks dominating the list with top 4 Banks, followed …
Key Points of RBI Monetary Policy released on 06 April 2017
The RBI Governor Mr. Urjit Patel released the first bimonthly policy of the fiscal year 2018 on Thursday, 06 April 2017. He told that six members RBI committee had …