Here is the list of salary of top bankers in India. Managing Director of HDFC, Aditya Puri is being paid highest salary in Banking Industry in India, who got 32% hike in salary. Aditya Puri Managing Director, HDFC Remuneration (2015-16): Rs 9.7 Read more…
SBI has already approved merger of its associate banks and Bhartiya Mahila Bank. Cabinate has given approval for merger of 5 associate banks with RBI, although no decision about merger of BMB. Here are some facts about the merger and Read more…
Urjit Patel, the present Deputy Governor of Reserve Bank of India has been announced as successor of Raghuram Rajan. Urjit Patel will take charge on September 4 after Raghuram Rajan demits office. The appointments committee of the cabinet (ACC) has approved the Read more…
Every other day there is a story about bank robbery, some inspired by a movie and some with such mindblowing ideas that movies are made on them. But can you imagine what could be the amount of biggest bank robberies? There Read more…
“Initiating quick follow up and taking cases to logical conclusion by punishing the guilty is paramount to deter entities in future from carrying out unlawful activity. I hope ‘Sachet’ would help regulators in doing this as much as it would Read more…
Reserve Bank of India has directed banks that bank employees working in specialised areas like treasury, risk management, preparation of financial results, audit, credit appraisal, credit rating , monitoring, credit administration and accounting are required to be specially trained and go through Read more…
The Reserve Bank of India has today placed on its website the Draft Circular on “Customer Protection – Limiting Liability of Customers in Unauthorised Electronic Banking Transactions”, for feedback. Suggestions/comments, if any, on the Draft Circular may be sent by post to Read more…
Based on the CPI for last quarter, DA for the bank employees will incrase by 3.50% (35 slabs) Revised DA will be @ 45.50%, for the months of August 2016 to October 2016, which was 42% for the month of May Read more…
RBI/2016-17/33 DBR.No.Leg.BC.3/09.07.005/2016-17 August 04, 2016 All Scheduled Commercial Banks (Including RRBs) Dear Sir/ Madam, Dishonour of cheques – Modification in procedure Please refer to our circular DBOD.BC.Leg.No.113/09.12.001/2002-03 dated June 26, 2003 and paragraph 11.4 (i) of RPCD.CO.RRB.BC.No.100/03.05.33/2013-14 dated May 12, Read more…
A Pakistani hacker attacked Canara Bank’s website and tried to block the bank’s e-payment services. The hacker calls himself Faisal. Canara Bank has filed an FIR with Cyber Crime Department of the police and diverted the traffic from main server Read more…