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News Reports

UCO Bank’s former CMD amassed 100 crores by helping a corrupt industrialist get loans worth 6200 crores through shell companies: How ED busted the...

Rukma Rathore -
The major scam unfolded between 2007 and 2010, when the UPA government helmed by Congress held power at the center.
News Reports

RBI to roll out climate change disclosure rules for banks and financial institutions, recognises climate change as a source of major financial concern: Read...

OpIndia Staff -
A 52-page draft note of the RBI, accessed by Reuters, prescribes a methodology for predicting and analysing the impact of extreme climate events and transition risks on the borrowers' ability to repay loans.
News Reports

PM Jan Dhan Yojana completes 10 years: 2.31 lakh crore deposited, over 53 crore accounts opened out of which more than 66% are in...

ANI -
The Pradhan Mantri Jan Dhan Yojana (PMJDY) has today completed 10 years of implementation. Launched by PM Narendra Modi in 2014, it now has 53.13 crore accounts, with significant participation from women and rural areas
World

Brazil: Woman brings dead body of her uncle to bank and tries to make the corpse sign off on a loan

OpIndia Staff -
The woman in Brazil tried to control the dead man's head and make him clasp the pen with which to make the signature on loan document.
News Reports

RBI asks all agency banks dealing with govt transactions to remain open on 31 March Sunday on the union govt’s request

OpIndia Staff -
The Reserve Bank of India on 20 March advised all banks dealing with government transactions to open their branches on 31st March, Sunday.
News Reports

JP Morgan includes India in its global bond index, ‘FAR’ programme of the Modi govt facilitated the inclusion

OpIndia Staff -
Following the announcement of JP Morgan, it is now expected that India will be included in the global bond index of other banks as well.
News Reports

Loan documents must be released within 30 days of full repayment, ₹5,000 penalty per day for delay: RBI announces major benefit for borrowers

OpIndia Staff -
RBI stated that banks and NBFCs have to release documents of properties and collateral mandatorily within 30 days.
News Reports

Uday Kotak resigns as CEO and Managing Director of Kotak Mahindra Bank

OpIndia Staff -
As an interim measure, Dipak Gupta, the joint managing director, will assume the roles of MD and CEO until December 31, after obtaining the approval of the RBI and the bank's members.
News Reports

RBI Unveils UDGAM Portal to resolve the issue of unclaimed bank deposits, read how such deposits can be traced easily

Gopal Tiwari -
Anyone can access the UDGAM portal to search for bank details, it only needs a phone number and some basic details like PAN, AADHAAR etc
News Reports

“Startups should opt Indian banks as their preferred partners”: Union minister Rajeev Chandrasekhar amid crisis in foreign banks

ANI -
Union minister Rajeev Chandrasekhar has said that startups should opt Indian banks as their preferred partners
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