41
News
Letters of Undertaking (LoUs) and Letters of Comfort (LoCs) discontinued by RBI for Trade Credits
Reviewing the guidelines after PNB fraud of Rs.1200+ crores, RBI vide notification dated 13 March 2018 discontinued issuance of LOU/ LOC for…
42
News
Passport Details must for more than 50 Crore loan
Finance Ministry on Saturday said passport details will be made mandatory for loans of more than Rs.50 crore from state run banks.…
43
News
RBI imposes Rs.5 Crore Penalty on Airtel Payment Bank
The Reserve Bank of India (RBI) has imposed penalty of ₹ 5 crores on Airtel Payments Bank Limited for contravening the ‘Operating…
44
News
Why Uco Bank has to pay Rs.1 lac fine to its ex-officer [Supreme Court Decision]
Supreme Court directed Uco Bank to pay fine of Rs.1 lac to one of its retired officer for unnecessarily litigate against the…
45
News
Canara, PNB, UBI, PSB and Andhra Bank may face PCA
5 Public sector banks are on the verge of being put under Prompt Corrective Action plan by Reserve Bank of India. According…
46
News
Notifications
Changes in Priority Sector Guidelines
RBI, vide notification dated March 01, 2018 amended the priority sector guidelines. Following are the changes made in priority sector lending: 1. …
47
News
Gratuity Bill amendment to be tabled in Lok Sabha on 5th March 2018
Government will table the The Payment of Gratuity (Amendment) Bill 2017 in Lok Sabha on 5th March 2018. The bill is to…
48
News
Resolution of Stressed Assets – New RBI Guidelines
RBI, vide notification dated 12.02.2018 issued revised framework for resolution of Stressed Assets. In this notification, RBI has withdrawn the existing schemes…
49
News
No Physical Education Loan application in Banks
The Department of Financial Services has made it mandatory for all the banks to accept the education loan applications only through online…
50
News
Bank Strike on 15th March 2018
United Forum of Bank Unions (UFBU) has called one day all India strike on 15th March 2018 for early settlement of 11th…