Core Banking Solutions
Core Banking Solutions News
PNB scam: ED finds diamond czar Nirav Modi might have imported 10,000 watches for 'business purposes'
The imported watches were seized from the 60 plastic containers from several locations connected to diamond czar Nirav Modi
PNB Rs 11,000-cr fraud: From SBI to Allahabad Bank, the exposure top lenders have in Nirav Modi scam
The IndusInd Bank says it has a small exposure to Gitanjali Gems, a gems and jewellery company started by Mehul Choksi
Not just PNB but a whole slew of Indian banks seem to have either missed a few key steps in policing an important part of the system involving tens of thousands of crores in unsecured loans
The CBI is examining balance sheets of 18 India-based subsidiaries of the Gitanjali group of companies promoted by Mehul Choksi to understand the money trail of funds taken from various banks on the basis of Rs 11,384 crore of guarantees furnished by the Punjab National Banks, officials said on Sunday.
After lacklustre deal-making in the last few years, core banking vendor deal sheets have started to fill out with new and impending projects.
The rising competition in this sector has led to further adoption of IT systems to streamline and automate banking processes, says Frost & Sullivan.
The new agreement will see both parties collaborate more closely and commit technical, marketing and sales resources to bringing a joint core banking solution to market.