Telangana woman dies in queue at bank to draw aid
India | April 18, 2020 8:36 ISTA woman collapsed and died while waiting in the queue before a bank in Telangana on Friday to draw the Rs 1,500 financial assistance extended by the state government.
A woman collapsed and died while waiting in the queue before a bank in Telangana on Friday to draw the Rs 1,500 financial assistance extended by the state government.
Several banks have cautioned their customers against possible attempts by fraudsters as they became active to exploit the three-month loan repayment moratorium offer in the wake of the coronavirus outbreak, officials said on Friday.
Mangaluru head-quartered Karnataka Bank on Wednesday said it is well capitalised, fundamentally strong bank and depositors need not worry about safety of their money.
Withdrawing cash from bank ATM soon to become costly as India's ATM operators' association has written to the Reserve Bank of India (RBI) seeking a hike in the interchange fee paid by customers.
Indian banking system may be staring at big challenges, but is at the cusp of huge growth in the next decade, a top TCS executive said on Thursday. There are very few industries which can boast of a 15 per cent growth on a yearly basis for ten years, TCS chief executive Rajesh Gopinathan said, conceding that this makes him envious of the business.
The two-day nationwide strike called by bank unions to press for a salary revision saw over 31,000 staff from Madhya Pradesh staying away from work on Friday, a union functionary said.
A special court here has permitted a consortium of 15 banks led by the State Bank of India (SBI) to utilise movable assets of former liquor baron Vijay Mallya towards repayment of his debt.
A Sikh youth can have a turban at a cost of Rs 50, from the turban bank at Bangla Sahib. In a matter of few days only 500 turbans have been given while 1000 have been received by the bank, for this noble cause," Sirsa said.
The Bank has a strong base in Kerala along with a significant presence in Tamil Nadu, Karnataka and Maharashtra. The IPO price band has been set at Rs 193-195 per share.
The Allahabad-based 'bank', which neither has ATMs, nor cheque books and its only 'currency' is Lord Ram, has announced the bonus for nearly one lakh of its account holders.
When Sheikh Mohideen and Chinnadurai found that no one had come forward to claim the money deposited in theaccount of Emisola, after she died a few years ago, the duo renewed the account by forging her signature and created an ATM card, which was used to draw the money, police said.
Come January 2020, and customers may not have to pay any charges for transactions done through the popular NEFT system.
A statement issued by Lakshmi Vilas Bank on Friday said: "Anuradha Pradeep (Non-Executive and Non-Independent Director) has resigned from the directorship of the bank on November 01, 2019."
The recruitment process, which is currently underway, will get over by November 10 and the new management will take charge by the first week of December if the Reserve Bank approval comes in.
The Anti Corruption Bureau (ACB) of Jammu and Kashmir on Saturday registered an FIR in the J&K Bank loan fraud case of Rs 1,100 crore advanced to Rice Exports India (REI) Agro Ltd. Searches have been conducted at many locations in Delhi, Jammu and Srinagar.
Outstanding loans rose Rs 596.53 trillion ($8.40 billion) from a fortnight earlier to Rs 97.71 trillion as on September 27.
CPI general secretary D Raja on Friday wrote to Finance Minister Nirmala Sitharaman urging her to reconsider the 18 per cent GST on the annual Group Health Insurance Policy of retired bank employees.
According to government sources, 13 DCBs would be merged with the Kerala State Co-operative Bank for forming the proposed Kerala Bank.
The Enforcement Directorate (ED) has seized 12 high-end cars which include two Rolls Royce, two Range Rover and one Bentley, of Housing Development and Infrastructure Limited (HDIL) chairman Rakesh Wadhawan and his son Sarang Wadhawan on Friday following raids at six locations in Mumbai.
Former managing director of Punjab and Maharashtra Cooperative Bank, Joy Thomas, was arrested on Friday by the Economic Offences Wing of Mumbai Police in connection with the alleged Rs 4,355 crore scam at the bank .
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