Banking Archives - Maeeshat

EditorFebruary 17, 2022

Besides LIC, other notables defrauded are: Bank of Baroda (Rs 1,614-crore), EXIM Bank (Rs 1,327 crore), Punjab National Bank (Rs 1,244 crore), Indian Overseas Bank (Rs 1,228 crore) Mumbai: The sensational Rs 22,842 crore mega loan fraud allegedly perpetrated by the Gujarat-based ABG Shipyard Ltd (ABGSL) did not spare the IPO-bound Life Insurance Corporation of India […]

EditorJanuary 9, 2022

Naiyyer-Fatemi-Managing-Director-of-Al-Khair-Co-operative-Credit-Society.jpg

By Danish Reyaz Although the commercial banking system has propagated to far-flung areas, a large chunk of people, especially the poor, still remain out of their bounds. Reasons are many, including banks own reluctance towards disbursing small loans to these people. As a result, poor and low-income families often go to the local money lenders, […]

EditorDecember 19, 2021

Chennai: The ongoing two-day nationwide bank strike against the privatisation of government banks has affected clearing of cheques worth about Rs 37,000 crore, said C.H. Venkatachalam, General Secretary of the All India Bank Employees’ Association (AIBEA). “There are three cheque clearing centres in India — Chennai, Delhi and Mumbai. In two days – Thursday and Friday […]

EditorDecember 16, 2021

About 10 lakh bankers in public and private sector banks are participating in the strike that began today Chennai: A two-day nationwide bank strike called by United Forum of Bank Unions (UFBU) against privatisation of government banks began on Thursday, said C.H.Venkatachalam, General Secretary, All India Bank Employees’ Association (AIBEA). The UFBU is an umbrella body […]

adminMay 25, 2021

During the UPA’s 10-year rule, around Rs 2,20,328 crore was written off by various banks, and this figure shot up to Rs 7,94,354 crore during the NDA regime from 2015-2019, resulting in a corresponding reduction in the banks’ NPAs. Quaid Najmi MUMBAI — In a dubious distinction of sorts, the Bharatiya Janata Party-led NDA rule achieved […]

adminMay 25, 2021

As many as 213 (17 per cent) out of 1,266 candidates in the first phase of Lok Sabha elections have declared criminal cases against themselves while 146 (12 per cent) have declared serious criminal cases, as per Association for Democratic Reforms (ADR). The election watchdog has analysed the self-sworn affidavits of 1,266 out of 1,279 […]

adminMay 25, 2021

By Anjana Das, New Delhi : IDBI Bank has sounded out its new owner LIC seeking another tranche of up to Rs 12,000 crore to meet its huge provisioning requirements amid mounting losses. The fresh support is required to cover for non-performing assets (NPAs) in the January-March quarter. Life Insurance Corporation of India (LIC) completed […]

adminMay 25, 2021

Mumbai : The Reserve Bank of India is widely expected to keep its key lending rate for commercial banks unchanged at 6.5 per cent for the third time in succession when it makes the fiscal’s final bimonthly monetary policy review announcement on Thursday, but could change its stance from ‘calibrated tightening’ to ‘neutral’. The RBI’s […]

adminMay 25, 2021

Mumbai : The Reserve Bank of India (RBI) has imposed separate monetary penalties on lenders — UCO Bank, Axis Bank and Syndicate Bank — over deficiencies in complying with different regulatory norms. The RBI imposed a penalty of Rs 2 crore each on UCO Bank and Axis Bank for non-compliance with its circular on ‘Collection […]

adminMay 25, 2021

New Delhi : India’s budgetary fiscal deficit for the April-December period stood at Rs 7.01 lakh crore or 112.4 per cent of the budgeted target of Rs 6.24 lakh crore, official data showed on Monday. The data furnished by the Controller General of Accounts (CGA) showed that the fiscal deficit during the corresponding nine months […]

Category: Banking

Biggest Bank Fraud: LIC grazed; ICICI, IDBI worst-hit in Rs 22,842 cr scam

Al-Khair Co-Operative Credit Society Strives to Improve the Economic Lot of Low-Income Groups

Cheques clearance worth Rs 37,000 cr affected by bank strike

Banks to remain close for next 4 days as unions go on nationwide strike

Banks’ Loans Write-off: NDA Scores Three Times Over UPA, Says RTI

Criminal cases against 213 candidates in first phase: Report

LIC may infuse up to Rs 12,000 crore in IDBI Bank to help it meet provisioning for NPAs in Q4

RBI expected to soften stance to ‘neutral’, without rate cut

RBI penalises UCO Bank, Axis Bank and Syndicate Bank

India’s April-December fiscal deficit crosses 112% of target

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