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 …
Author: Naman Wadhawan
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 …
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 …
New Chairpersons appointed for Central Bank of India, Dena Bank and Punjab & Sind Bank
As an objective to reform Public Sector Banks, the finance ministry of India has appointed non-executive chairpersons at three PSU Banks namely Dena Bank, Central Bank of India and …
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 …