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Sensex Declines 485 Points, Nifty Drops To 23,167 In Early Trade
The Indian stock market opened lower on Friday amid weak global cues as selling was seen in the IT and private bank sectors.
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High Employee Attrition of 25% In Private Banks Pose Operational Risk: RBI Report
Employee attrition in private sector banks has witnessed an increase to about 25 per cent and this high turnover rate poses significant operational risk, according to the latest Report on Trend and Progress of Banking in India 2023-24.
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Bank Manager Arrested For Data Theft, Defrauding Company Of Rs 12.51 Crore
Four people, including the manager of a private bank, were arrested for allegedly siphoning off Rs 12.51 crore by stealing sensitive data from a company, police said on Saturday.
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15,000 Crore Of Vijay Mallya, Nirav Modi's Assets Restored To Banks: Centre
Properties worth Rs 14,131 crore - that once belonged to Vijay Mallya - have been seized and handed to public and private sector banks to pay off a part of the fugitive businessman's substantial debts, Finance Minister Nirmala Sitharaman said.
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Private Banks in Taiwan Seek to Explore Virtual Asset Custody Business, FSC Shows Support
During a recent press conference, Hu Zehua, an official from the Financial Supervisory Commission (FSC), announced that the regulatory body is open to allowing financial institutions to participate in trials for virtual asset custody services. The FSC aims to have a draft of a new law outlining compliance requirements ready by the end of this year.
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Senior Bank Staffer Falls Prey To Sextortion, Loses Rs 2.5 Lakh: Cops
A 26-year-old senior executive of a private bank, who is also the son of a police personnel, coughed up Rs 2.5 lakh after he was caught in sextortion, police said on Monday.
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Employment Growth Rate In India Was 6% Last Year, Says RBI
The Reserve Bank Of India said on Monday that India added 46.7 million jobs in the fiscal year ended March, far exceeding numbers in private surveys that point to high unemployment rates.
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Sensex Crosses 80,000 For First Time, Nifty At Lifetime High
The shares rose to record highs at the open on Wednesday, led by the country's top private lender HDFC Bank, which jumped to a record high on hopes of a likely increase in its weightage in a key global index.
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This Bank Fired A Dozen Employees For Faking Keyboard Activity
The fired employees worked in the bank's wealth and investment management unit.
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RBI Raises India's GDP Growth Projection To 7.2% For 2024-25
The Reserve Bank of India revised upwards the GDP growth projection for the current fiscal to 7.2 per cent from 7 per cent on rising private consumption and revival of demand in rural areas.
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Gurugram Bank Employee Opens Fake Accounts For Fraudsters To Meet Targets, Arrested
Police have arrested a deputy manager of a private sector bank from Mumbai who allegedly opened fake bank accounts for fraudsters to meet his targets, officials said.
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Kotak Mahindra Bank Joint MD KVS Manian Resigns
Kotak Mahindra Bank on Tuesday announced that its joint managing director KVS Manian, a veteran at the private sector lender, has stepped down with immediate effect.
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Axis Bank Credit Card Users Impacted By Fraudulent Transactions: Report
Several customers having Axis Bank credit cards have been impacted by fraudulent overseas transactions, a senior official from the third largest private sector lender said today.
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CBI Names Jaipur Firm Directors, Promoters In Rs 48 Crore Bank Fraud Case
The CBI booked five individuals, including a Jaipur-based private company and its directors and promoters, along with others, over allegations of bank fraud amounting to approximately Rs 48.06 crore.
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Public Sector Banks Managing NPAs Better Than Private Sector: FICCI Survey
Public sector banks in India are doing better in comparison to their private sector counterparts in terms of non-performing assets, a survey conducted by industry body FICCI and banking association Indian Banks' Association (IBA) found.
-
Sensex Declines 485 Points, Nifty Drops To 23,167 In Early Trade
The Indian stock market opened lower on Friday amid weak global cues as selling was seen in the IT and private bank sectors.
-
High Employee Attrition of 25% In Private Banks Pose Operational Risk: RBI Report
Employee attrition in private sector banks has witnessed an increase to about 25 per cent and this high turnover rate poses significant operational risk, according to the latest Report on Trend and Progress of Banking in India 2023-24.
-
Bank Manager Arrested For Data Theft, Defrauding Company Of Rs 12.51 Crore
Four people, including the manager of a private bank, were arrested for allegedly siphoning off Rs 12.51 crore by stealing sensitive data from a company, police said on Saturday.
-
15,000 Crore Of Vijay Mallya, Nirav Modi's Assets Restored To Banks: Centre
Properties worth Rs 14,131 crore - that once belonged to Vijay Mallya - have been seized and handed to public and private sector banks to pay off a part of the fugitive businessman's substantial debts, Finance Minister Nirmala Sitharaman said.
-
Private Banks in Taiwan Seek to Explore Virtual Asset Custody Business, FSC Shows Support
During a recent press conference, Hu Zehua, an official from the Financial Supervisory Commission (FSC), announced that the regulatory body is open to allowing financial institutions to participate in trials for virtual asset custody services. The FSC aims to have a draft of a new law outlining compliance requirements ready by the end of this year.
-
Senior Bank Staffer Falls Prey To Sextortion, Loses Rs 2.5 Lakh: Cops
A 26-year-old senior executive of a private bank, who is also the son of a police personnel, coughed up Rs 2.5 lakh after he was caught in sextortion, police said on Monday.
-
Employment Growth Rate In India Was 6% Last Year, Says RBI
The Reserve Bank Of India said on Monday that India added 46.7 million jobs in the fiscal year ended March, far exceeding numbers in private surveys that point to high unemployment rates.
-
Sensex Crosses 80,000 For First Time, Nifty At Lifetime High
The shares rose to record highs at the open on Wednesday, led by the country's top private lender HDFC Bank, which jumped to a record high on hopes of a likely increase in its weightage in a key global index.
-
This Bank Fired A Dozen Employees For Faking Keyboard Activity
The fired employees worked in the bank's wealth and investment management unit.
-
RBI Raises India's GDP Growth Projection To 7.2% For 2024-25
The Reserve Bank of India revised upwards the GDP growth projection for the current fiscal to 7.2 per cent from 7 per cent on rising private consumption and revival of demand in rural areas.
-
Gurugram Bank Employee Opens Fake Accounts For Fraudsters To Meet Targets, Arrested
Police have arrested a deputy manager of a private sector bank from Mumbai who allegedly opened fake bank accounts for fraudsters to meet his targets, officials said.
-
Kotak Mahindra Bank Joint MD KVS Manian Resigns
Kotak Mahindra Bank on Tuesday announced that its joint managing director KVS Manian, a veteran at the private sector lender, has stepped down with immediate effect.
-
Axis Bank Credit Card Users Impacted By Fraudulent Transactions: Report
Several customers having Axis Bank credit cards have been impacted by fraudulent overseas transactions, a senior official from the third largest private sector lender said today.
-
CBI Names Jaipur Firm Directors, Promoters In Rs 48 Crore Bank Fraud Case
The CBI booked five individuals, including a Jaipur-based private company and its directors and promoters, along with others, over allegations of bank fraud amounting to approximately Rs 48.06 crore.
-
Public Sector Banks Managing NPAs Better Than Private Sector: FICCI Survey
Public sector banks in India are doing better in comparison to their private sector counterparts in terms of non-performing assets, a survey conducted by industry body FICCI and banking association Indian Banks' Association (IBA) found.
