Banking News Today | News for Bankers | 29.08.2022

Last updated by Jai on August 29, 2022

The Central Bureau of Investigation has arrested a Branch Sales Manager, ICICI Bank, Bhuteshwar Branch, Mathura (Uttar Pradesh) and a Sales Executive(Outsource employee of said Bank) for demanding & accepting bribe of Rs.50,000/- from the Complainant.  A case was registered against the accused on a complaint. It was alleged that the Complainant had availed Home Loan Facility of Rs 10 lakh from the ICICI branch, Bhuteshwar wherein Bank had initially disbursed first phase of loan amount of Rs 3.04 lakh. Source

Pune-based Rupee Co-operative Bank Limited will cease to carry on banking business from September 22, 2022, the Reserve Bank of India (RBI) has said. The Reserve Bank of India, vide order dated August 08, 2022, has cancelled the licence of Rupee Co-operative Bank Ltd, Pune on August 10, 2022

THE MANAGER of a Canara Bank branch in a Baghpat village put up a notice “banning” entry of customers into the premises if they wear half pants because it “distracts women employees of the bank.” Source

Digital banking units (DBUs) will soon be launched in 75 districts across the country with at least 10 products and services, which will be scaled up to 30 in due course, sources told FE. These would cover both the asset (loan) and liabilities (deposits) sides.

In a meeting last week, the department of financial services reviewed the progress of the DBUs, aimed at expanding digital banking in mainly rural areas, to ensure customer satisfaction gets top priority at such units. Source

SBI, the lead bank of Bajaj Hindusthan Sugar (BHSL), is planning to invoke the personal guarantees of promoters after the company was sent for debt resolution to the Allahabad Bench of the National Company Law Tribunal (NCLT).

The NCLT is yet to admit SBI-led banks’ petition to start the corporate insolvency resolution process for BHSL.

The company owes Rs 4,771 crore to Indian banks and has already availed of two debt restructuring schemes, leading to steep haircuts taken by lenders. Source

“A #Fake message issued in the name of SBI is asking customers to update their PAN number to avoid their account from getting blocked. Never respond to emails/SMS asking to share your personal or banking details,” PIB Fact Check, the central government’s official Twitter handle to dispel misinformation on government policies and schemes, stated.

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