Know your customer (KYC) refers to the documentation that needs to remain updated with your latest details, with the financial institution, according to Reserve Bank of India rules
RBI issues new guidelines on General Credit Card (GCC) scheme. Read on to learn more about the scheme and RBI rules applicable to credit card holders.
The CBI plea, filed through its Director, Banking Securities Fraud Branch, Mumbai, challenged the August 23, 2022 order of the Bombay High Court which had allowed Mehta to travel to Hong Kong and stay there for three months.
According to government data, India's largest lender SBI was quite slow in procuring goods and services from government-owned GeM portal in 2022-23 and lagged behind smaller counterparts, including Canara Bank and Punjab...
Bank of Baroda and Union Bank of India raised Marginal Costs of Funds-Based Lending Rates (MCLR) by 5 basis points. Punjab National Bank and Bank of Baroda raised their RLLR, making loans more expensive.
The state-owned bank had earned a net profit of Rs 1,127 crore in the year-ago period
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During the quarter, the bank's total income increased to Rs 27,269 crore from Rs 21,095 crore a year ago, PNB said in a regulatory filing
The outlooks on long-term ratings of all the four banks remain stable, Moody's Investors Service said in a statement
The CBI conducted searches at three locations, including Mumbai and Jaipur, which led to the recovery of several incriminating documents and articles, said a...
Finance Minister Nirmala Sitharaman was also present at the inauguration
Four years after Choksi's dramatic escape and the failure of the state-run PNB to detect the scam between 2010 and 2018, the bank submitted three complaints to...
Nirav, who remains behind bars at Wandsworth Prison in London, had two weeks to file an application seeking an appeal on the grounds of a point of law of...
Diamond merchant Nirav Modi faces fraud and money laundering charges in India. He is currently lodged in a British jail.
The bank had posted a net profit of Rs 1,105 crore in the year-ago period
The benchmark one-year tenor MCLR, which is used to price most consumer loans such as car, auto and personal, will be at 7.70 per cent against the existing...
Other banks including SBI, Canara Bank and Indian Bank have started the implementation process. However, PNB is the second public sector bank to go live in...
Both these schemes provide a host of benefits, including insurance cover for death on duty, air accident, and permanent total disability along with the usual...
Bank of India launched special term deposit as part of its upcoming 117th foundation day celebrations in September
Punjab National Bank (PNB) implemented the Positive Pay Confirmation from April 4, 2022, under the PPS framework mandatory for cheques of Rs 10 lakh and above
"Fitch Ratings has revised the Outlook to Stable from Negative on the Long-Term Issuer Default Ratings (IDR) of 9 India-based banks, while affirming their...
Earlier on Wednesday, three state-owned lenders Punjab National Bank, Indian Bank and Bank of India had announced raising their respective repo-based lending...
The lender had logged a net profit of Rs 1,330 crore in the same quarter of previous fiscal year.
The bank had posted a net profit of Rs 103 crore in the year-ago quarter.
Apart from cardless cash withdrawal and virtual debit cards, the bank has launched a range of other select digital services on its mobile app named PNB One for...
FEL said it had a review period of 30 days from the due date in terms of the RBI circular dated August 6, 2020, and further in terms of the provision of the...
