JK Bank EP inaugurates refurbished Faridabad branch, ATM
Srinagar, : Executive President Vagish Chander,inaugurated the newly renovated and refurbished premises and ATM of its Faridabad , Haryana branch on 9th of April 2018 in the presence of Mrs Rajini Saraf, Zonal Head, Delhi North , Vice-presidents Janak Raj and Sareesh Sharma amid large number of valuable clients, senior citizens and local residents. Speaking […]
Jammu and Kashmir Bank Khidmat Centers fail to impress
Srinagar,): Jammu and Kashmir Bank opened in the state about a decade back its wide network of Khidmat centers to create employment opportunities and provide basic services to the people at their doorsteps. The motivational thrust was to have access to information, backed with relevant infrastructure and services, not only allows rural populace to improve […]
RBI cracks down on digital currencies; plans own cryptocurrency
Mumbai: The Reserve Bank on Thursday tightened the rules to discourage use of virtual currencies like Bitcoins and also announced a study to explore introduction of ‘fiat’ digital currencies which can be issued by it. An interdepartmental group has been constituted to study and provide guidance on the “desirability and feasibility” to introduce a “central […]
Senior doctor at AIIMS performs wrong operation, tampers documents
New Delhi: In a shocking incident of medical negligence, a senior doctor at AIIMS allegedly performed a procedure required for dialysis treatment on a 30-year-old woman who had complained of abdominal pain, and tampered with documents to cover up his fault. A committee has been formed under the chairmanship of Dean Dr Y K Gupta on […]
RBI fines ICICI Bank Rs 59cr for breach of securities sale rules
Mumbai, March 29 : The Reserve Bank of India (RBI) said on Thursday it has imposed a penalty of Rs 58.9 crore on ICICI Bank for non-compliance of its directions on direct sale of securities from its held-to-maturity (HTM) portfolio and specified disclosure. The HTM securities are not meant for trading. “This penalty has been […]
RBI Holds 39th Empowered Committee Meeting on MSMEs at Srinagar
Srinagar, March 28: The 39th Empowered Committee (EC) meeting on Micro and Small and Medium Enterprises (MSMEs) in the State of Jammu & Kashmir was held on March 27, 2018 at Srinagar. The meeting was chaired by Ashok Kumar Mattu, General Manager, RBI, Jammu. Vagish Chander Sharma, Executive President, JKB, Vinay,Sawhney, Vice President, JKB, B […]
Sensex spurts 470 points on bank stocks
Indian equities staged a strong comeback after two days of decline, with the flagship BSE Sensex surging by nearly 470 points to end at 33,066 as participants accumulated recently beaten-down banking, metal and consumer durable stocks. The broader Nifty followed suit and went past the crucial 10,100 level. Also, strengthening rupee against the dollar fuelled […]
RBI likely to keep policy rates on hold
The Reserve Bank is expected to keep policy rates on hold and maintain its neutral stance at the ensuing policy review meet early next month, says a Morgan Stanley report. According to the global financial services major, although India’s economic growth is on an uptrend, recovery remains in an early stage, and this warrants a […]
Finance Ministry rules out privatisation and merger of public sector banks for next one year
Even as voices on privatisation and consolidation of public sector banks (PSBs) grow louder, Finance Minister Arun Jaitley has ruled out any such plans in the next one year. Since the Rs 13,000 crore-plus Nirav Modi-related fraud unearthed last month at India’s second largest government-owned lender Punjab National Bank, multiple frauds have surfaced at various […]
Vijay Mallya Extradition Case: UK Judge Says ‘Obvious’ Indian Banks Broke Rules
March 17: It was blindingly obvious that rules were being broken by Indian banks which sanctioned some of the loans to the erstwhile Kingfisher Airlines, said the British judge hearing the extradition case of liquor baron Vijay Mallya. While Presiding over a hearing at Westminster Magistrates’ Judge Emma Arbuthnot termed the case a jigsaw puzzle with different pieces of massive evidence […]
