2 Bank Officials jailed for 3 years for cheating

2 Bank Officials jailed for 3 years for cheating

In a cheating case of Rs.2.40 crores, two bank officials have been punished with three years rigorous imprisonment by a special CBI Court. In the instant case, a case was registered with CBI by the CVO of State Bank of Mysore’s against Bhopal branch’s the...
Is our Mobile Banking App at Risk?

Is our Mobile Banking App at Risk?

The mobile Banking App you are using on your Android phone may be at risk.  Quick Heal Security Labs has discovered an Android Banking Trojan that targets 232-plus banking and finance apps. The malware is called Android.banker.A9480. This is designed to steal login...
UFBU’s letter to Ministry of Finance for Wage Revision

UFBU’s letter to Ministry of Finance for Wage Revision

United Forum of Bank Unions (UFBU) has written a letter to Department of Financial Services, Ministry of Finance on the issue of wage revision in 11th bipartite settlement, which is due from 1st November 2017. UFBU has requested the Government to advise IBA to hold...
RBI imposes Rs.30 Million penalty on IndusInd Bank

RBI imposes Rs.30 Million penalty on IndusInd Bank

Reserve Bank of India imposes a penalty of Rs.3 Crores on the private sector lender IndusInd Bank for non compliance with RBI guidelines and directions. RBI in a press release on on 13-12-17 stated that The Reserve Bank of India (RBI) has imposed on December 12, 2017,...
9 Executive Directors appointed in Public Sector Banks

9 Executive Directors appointed in Public Sector Banks

On the recommendations of Bank Board Bureau, Appointment Committee of Cabinet has elevated 9 General Managers to Executive Directors in different Public Sector Banks. Two GMs have been elevated to Executive Director post in the same Bank. 1. Bajrang Singh Shekhawat,...