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Property Auction by Banks in India – IBAPI (a common platform)

It was quite difficult to search for Banks Property Auction online by login each Bank's website. This was very time consuming and was also not a consumer-friendly. To make things easy for...

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Merger of PSU Banks in India

After amalgamation of three Public Sector Banks – Bank of Baroda, Vijaya Bank and Dena Bank today 30.08.2019 Finance Minister Nirmala Sitharaman has announced the amalgamation of following Public Sector Banks: Punjab National...

RBI Cut Repo Rate by 35 Bps – 9 Years Low

Today Reserve Bank of India made a higher than expected reduction in Repo Rate by 35 base points as benign inflation provides the central bank room to help an economy that is...

Essar Steel Takeaway from the Judgment – Issues and reply

In the matter of Standard Chartered Bank Appellant Vs. Satish Kumar Gupta, R.P. of Essar Steel Ltd. & Ors. Respondents Date of the Judgment : 4th July, 2019. Takeaway From the Judgment (i) Whether...

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Integer quis nisl at orci feugiat lobortis quis a odio. Etiam efficitur metus ultricies nisl lacinia malesuada. Mauris ante eros, convallis vitae eros ut, congue placerat ante. Etiam metus massa, volutpat sit...

Merger of Three PSU Banks – Bank of Baroda, Vijaya Bank & Dena Bank

Finally, the day after Finance Minister Arun Jately led the idea to merge public sector Banks, the government on late night Monday announced the amalgamation of three Public Sector Banks - Bank...

Who will be the new MDs and CEOs at PSU Banks?

On 30th June 2018, Banks Board Bureau (BBB) has released a recommendation list of 14 personages for the post of Managing Directors (MDs) and Chief Executive Officers (CEOs) in Public Sector Banks....

Bank of Maharashtra CEO arrested for Rs.3000 crore fraud

The Pune Economic Offence Wing (EoW) has arrested Ravindra Marathe, the MD and CEO of Bank of Maharashtra (BoM) for colluding with the DS Kulkarni Group by sanctioning and later siphoning off...

Centre nods to merge of Regional Rural Banks

The finance ministry of India has started the process to consolidate Regional Rural Banks. The committee has decided to reduce the units of regional banks to 38 from 56 at present. This process...