NT compiles a list of major financial crimes that shocked India

Ever since Punjab and Maharashtra Cooperative Bank (PMC Bank) crisis unfolded, citizens across India are worried by the mounting financial stumbles that have plagued our nation as our economy continues to stumble downward. In this article, News Today compiles a list of major white-collar crimes that rocked our country. Continue Reading

‘PNB, UBI & OBC merger to benefit stakeholders’: Official

Allaying apprehensions of stakeholders, United Bank of India MD and CEO Ashok Kumar Pradhan said there will be ‘no retrenchment’ of human resource of the three banks or no voluntary retirement scheme (VRS) will come in the process of merger of these state-run lenders. Continue Reading

RBI imposes Rs 1.75 crore fine on 4 banks for KYC non-compliance

The action, however, is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the banks with their customers, the RBI said. Continue Reading

Maha Bankbandhan II: PNB, Union Bank, Bank of India may be merged next

After the merger of Bank of Baroda, Vijaya Bank, and Dena Bank in October last year, some more public sector banks may soon receive an invitation from the government to discuss another round of mergers in the sector, according to news reports. These may include Punjab National Bank (PNB), Union Bank of India (UBI) and Bank of India (BoI). Continue Reading