Allahabad Bank shares jump 11% on fresh capital infusion; lender to receive Rs 2,153 cr from govt this financial year
Allahabad Bank had not featured in the list of banks that were approved a total fresh capital infusion of Rs 55,250 crore, as announced on August 30 by the government.
Facebook's advertising platform to be probed says New York Governor Andrew Cuomo
The probes have come despite Facebook agreeing in March to overhaul its paid advertising platform.
Govt may announce infusion of Rs 4,000 cr in 3 public sector general insurance firms
In 2017, state-owned New India Assurance Company and General Insurance Corporation of India were listed on the bourses.
Bhushan Kumar Sinha appointed as Joint Secretary in Department of Financial Services; four other bureaucrats shuffled
Senior bureaucrat Bhushan Kumar Sinha has been appointed as Joint Secretary in Department of Financial Services (DFS) as part of a bureaucratic reshuffle effected by the government.
PSBs under RBI scanner for poor financial health submit two-year recovery plan to government
inance Minister Piyush Goyal had last month asked these 11 PSU banks to come up with plan to strengthen finances and meet the RBI's capital adequacy norms
PNB Rs 11,300 cr fraud: Finance ministry asks banks to submit status report soon
Concerned over fraud of over Rs 11,300 crore at Punjab National Bank (PNB), the finance ministry has asked all banks to send reports involving this case or other such incidents latest by the end of this week
Union Home Minister asks for expedite examination of measures to curb financial frauds through cybercrime
Rajnath Singh was told about measures taken by the Jharkhand Police to crack down on perpetrators of phone frauds, which had resulted in considerable fall in such crime.
There is no currency shortage in ATMs; government is monitoring the situation daily, says Arun Jaitley
Finance Minister Arun Jaitley on Wednesday said the currency is in a surplus and the ministry is monitoring the status of ATMs on a daily basis to sort out operational issues.
Banks, oil marketing companies to bear card payment charges at petrol pumps
The government stands by its decision that customers using non-cash digital modes of payments will not have to pay any transaction charge.
Govt plans to amend 145-year-old pension law
The Pensions Act, 1871 has been under consideration for past some time in accordance with the policy of the central government to repeal obsolete laws
New revenue secretary bows to sieve out bad elements in tax department
Adhia said top attention would be given to creating transparency in the tax department through the use of information technology.
Banks Board Bureau to be set up in four months: Finmin
Last week, Finance Minister Arun Jaitley in his Budget speech had announced setting up the autonomous Banks Board Bureau for helping lenders raise capital for meeting expansion needs.
Jaitley to meet heads of PSU banks on Thursday
Although the main agenda for the meeting is the financial inclusion, other issues like lowering of interest rate, bad loans, credit to farm sector and financial performance may come up for the meeting, sources said.
New York regulator lists possible new bitcoin rules
New York's financial regulator on Tuesday revealed new details of his agency's plans to govern virtual currencies such as bitcoin to protect consumers and combat money laundering.