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KYC, money laundering norms violation: RBI slaps Rs 1.5 cr fine each on three public banks

Apr 30, 2015

KYC, money laundering norms violation: RBI slaps Rs 1.5 cr fine each on three public banks

The RBI has has cautioned eight other banks to put in place appropriate measures and review them from time to time to ensure strict compliance of KYC #RBI #Money laundering #public sector banks #KYC #Penalty
From nurse to bank robber: The story of Sandeep Kaur, the Bombshell Bandit

Apr 28, 2015

From nurse to bank robber: The story of Sandeep Kaur, the Bombshell Bandit

The extraordinary story of why a well educated, young Sikh woman working as a nurse became a notorious bank robber in the USA. #India #didyouknow #USA #Bank robbery #Sandeep Kaur #Bombshell Bandit
Stingy banks: 70 lenders yet to reduce rate despite two cuts by RBI

Apr 28, 2015

Stingy banks: 70 lenders yet to reduce rate despite two cuts by RBI

The reduction in base rates has been in the range of 0.1-0.5 percent so far #Inflation #RBI #Interest rates #public sector banks #Private banks #Rate cut
ICICI Bank Q4 profit of 10 percent beats forecast; bad loans rise

Apr 27, 2015

ICICI Bank Q4 profit of 10 percent beats forecast; bad loans rise

ICICI Bank Ltd, India's biggest private sector lender by assets, beat analyst estimates with a 10 percent increase in quarterly net profit, but reported a worsening of asset quality, with the share of bad loans rising. #ICICI Bank #bad loans #loans
Bank of India hints at 10-25 bps cut in base rate

Apr 24, 2015

Bank of India hints at 10-25 bps cut in base rate

The bank has already opened more than 1.82 crore accounts under various financial inclusion initiatives, out of which 70.2 lakh accounts have opened since the launch of the Jan Dhan Yojana, Bank of India chairman and managing director Vijaylaxmi Iyer said. #NewsTracker #Bank of India #New India Assurance #Jan Dhan Yojana #Vijaylaxmi Iyer #Pradhan Mantri Suraksha Bima Yojana #Pradhan Mantri Jeevan Jyoti Bima Yojana #Star Union Dai-ichi Life Insurance

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Banking licences: Were Tatas hoping to change the rules mid way?

Nov 28, 2013

Banking licences: Were Tatas hoping to change the rules mid way?

Many corporate were hoping for relaxation of RBI rules for a couple of years, and when they realized RBI is not going to relax any norms, some of them are now backing out #RBI #Tata Sons #Tata #Banking Licences
When it comes to financial sector, India is way ahead of China

Nov 18, 2013

When it comes to financial sector, India is way ahead of China

The banking system in India is well regulated and banks' reporting standards, reserve ratios and capital adequacy hold the system strong even in the face of adversities such as the global financial market collapse in 2007-08. #India #China #Banking #InMyOpinion #financial system