RBI Asked Banks to investigate the report on leaked debit and credit card information

The Reserve Bank of India (RBI) has issued a notice for the banks asking them to investigate the reports that shows that 1.3 million accounts of the debit and credit card customers were online on sale and to ensure that these details are safe. As per the news by ZDNet, RBI has also said that … Read more RBI Asked Banks to investigate the report on leaked debit and credit card information

1.3 Million Debit and Credit Card details at Sale on Dark Web

Debit and credit card details are sensitive information of the users. As per the sources, around 1.3 million credit and debit card details of the Indian banking customers are available for sale on the dark web. These information can be bought for $130 million from the dark web. This is the third largest card dump … Read more 1.3 Million Debit and Credit Card details at Sale on Dark Web

RBI rejected proposal of merger of Lakshmi Vilas Bank with Indiabulls housing finance

Laskshmi Vilas bank announced that the Central bank has not given any approval on its mereger with Indiabulls finance limited. The Lakshmi Vilas Bank (LVB) said in a stock exchange filing, “This is to inform that RBI vide their letter dated October 09, 2019, informed that the application for voluntary amalgamation of lndiabulls Housing Finance … Read more RBI rejected proposal of merger of Lakshmi Vilas Bank with Indiabulls housing finance

Allahabad Bank and Indian Bank kept a Town hall meeting for employees

Ahead of the biggest merger of the banking sector, the employees of the Allahabad bank showed their disappointment towards it and protested in front if the head quarters of the bank. Now, the cheif executives of the Allahabad Bank And Indian bank have came forward and handled the matter. They told employees that this merger … Read more Allahabad Bank and Indian Bank kept a Town hall meeting for employees

Allahabad Bank Approved the Merger with Indian Bank

Allahabad bank has finally approved the merger of the Indian bank with Allahabad Bank. Its going to be the biggest amalgamation as the resultant would make it to the seventh largest public sector bank of the country. On 30th August, Finance Minister Nirmala Sitharaman announced the amalgamation of the 10 state banks into four large … Read more Allahabad Bank Approved the Merger with Indian Bank

Merger of State Banks are not going to solve Governance issue- Reddy

Recently on mergers of the state Bank, the former Reserve Bank Of India Governer YV Reddy said that these mergers would not solve the governance issue. And it has been a global experience that mergers are found to be ineffective in such case. At 6th SBI Banking and economic conclave he said “I won’t call … Read more Merger of State Banks are not going to solve Governance issue- Reddy

Oriental Bank Exposed its Loan Exposure to Nirav Modi-Choksi

For the first time, the public sector Oriental Bank of Commerce (OBC) has come clean on its loan exposure to the absconding diamantaires Nirav Modi and his uncle Mehul C. Choksi, here on Friday. The development comes ahead of the OBC’s upcoming merger with the Punjab National Bank (PNB) which – in February 2018 – … Read more Oriental Bank Exposed its Loan Exposure to Nirav Modi-Choksi