CBI registers FIRs against 22 PNB employees in Loan Scam

CBI has registered FIR against 22 employees of Punjab National Bank for alleged fraudulent disbursement of loan to various parties during 2011 to 2016, who were in coal business. The case in related to around four branches Bhopal and Ujjain. In this connection, CBI...

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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 then Branch...

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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...

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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...

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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,...

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Govt. to overhaul HR practices in Public Sector Banks

According to a news report, Central Government is seeking to revamp the existing practices in Human Resource and Risk Management in Public Sector Banks. Suggested changes include hiring in specialized verticals at senior levels from private sector, establishing...

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