UN says North Korean Cyberattack looted $13.5 mn from Indian Bank

North Korea is known to be starved of Foreign funds due to UN sanctions. Provoked by this North Korea carried out a $13.5 million...
PNB scam

PNB sells its stake in PNB Housing Finance for ₹1,851 crores

State owned lender-Punjab National Bank (PNB) is selling its stake in its housing finance arm, PNB Housing Finance to global private equity company General...

Ahead of merger, Bank of Baroda receives ₹5,042 Crores from government

The Bank of Baroda (BoB) which is about its start its operation after its merger with Dena Bank and Vijaya Bank will be receiving...

Supreme court refuses to put stay on merger of Dena, Vijaya and Bank of...

The Supreme Court of India while hearing a plea flied by the bank officers association refused to put immediate stay on merger of three...

RBI likely to announce repo-rate cut by 25 bps in MPC’s April meet :...

The Monetary Policy committee (MPC) which will be meeting in first week of April is likely to cut the repo rate by 25 basis...

SC warns RBI of contempt of court, sets 7-day RTI deadline to comply with...

The apex court on Tuesday ordered the banking regulator, Reserve Bank Of India (RBI) to comply with its previously issued ordered- to make public...

RBI announces successful conclusion of Forex swap, adds $5 billion in Indian banking system

The Reserve Bank of India (RBI) on Tuesday announced the results of Dollar-Rupee swap auction and said that the forex swap which was done...
PNB scam

RBI penalizes PNB with ₹2 Crore for non-compliance of SWIFT norms

The Reserve Bank of India (RBI) imposed ₹2 Crore penalty on the state owned Punjab National Bank (PNB) for non-compliance of directions on Swift messaging...
ICICI Bank invests in digital payment platform ePayLater

ICICI Holdings Corp. to sell 3.71% stake in ICICI Prudential Life to raise ₹1,598...

Prudential Holdings Corporation will be selling its 3.71% stake in ICCI Prudential Life Insurance Co. Ltd. for raising about ₹1600 crore and also to...
Canara Bank

Canara Bank announces bond issuance worth $400 million through London branch

State owned Canara Bank announced a bond issuance programme through its London based branch to raise ₹2,750 crore or $400 million. “Canara Bank launched a...