Articles tagged under: Banking

HDFC bank MSME loan book in Gujarat crosses Rs 15000 crore, sees a rise of 30%

November 07, 2019

Ahmedabad: Amid the general economic slowdown in the country, Leading Private Sector Bank HDFC today claimed that its MSME loan book in Gujarat, one the leading Industrial state, has crossed Rs 15000 mark and it has seen an increase of 30% Year on Year. Addressing a press conference here Country Head- Business Banking of the Bank, Sumant Rampal said that the gross NPA of the bank in MSME sector in Gujarat at 1.12% was also less than the national average of 1.3% in this regard. ...Read More

Rs. 7200 crore bank fraud: CBI searches at 187 places across India including Gujarat

November 05, 2019

Delhi: In a large scale operation against frauds in banks, the Central Bureau of Investigation is today conducting searches at around 187 places in different States/UTs including in Andhra Pradesh, Chandigarh, Delhi, Gujarat, Haryana, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Punjab, Tamil Nadu, Telangana, Uttar Pradesh, Uttarakhand, Dadra & Nagar Haveli related to Bank Fraud Cases. CBI has registered around 42 cases of bank frauds involving Rs. 7200 crore (approx.). The banks invo...Read More

Banking activities hit in Gujarat due to all India strike of bank unions except SBI and IOB , business worth Rs 15000 crore affected

October 22, 2019
Banking activities hit in Gujarat due to all India strike of bank unions except SBI and IOB , business worth Rs 15000 crore affected

Gandhinagar: Business and other commercial activities in Gujarat were hit due to the country wide strike called by the All India Banks Employees Association and other bank unions to protest against the merger of banks announced by the union government and some other demands. State Bank of India and Indian Overseas Bank did not participate in it. General Secretary of the Maha Gujarat Bank Employees Association Affliated to AIBEA, Janak Rawal told UNI that around 25 thousand em...Read More

Fire in bank in North Gujarat, furniture, some cash, documents reduced to ashes

October 18, 2019
Fire in bank in North Gujarat, furniture, some cash, documents reduced to ashes

Palanpur: A fire broke out in a public sector bank in Tharad town of Banaskantha district in North Gujarat this morning, police said. According to police the fire was caused by short circuit in the electric room of the local branch of Dena Bank situated on the first floor of a building in the main market in the town. The fire fighting team of the local municipality controlled the fire in some time. Furniture, documents and some cash was suspected to have been burnt down in...Read More

Miscreants cut SBI ATM in Ahmedabad city with gas cutter and take away over Rs 9 lakh in cash

October 16, 2019
Miscreants cut SBI ATM in Ahmedabad city with gas cutter and take away over Rs 9 lakh in cash

Ahmedabad:Unknown miscreants have looted over Rs 9 lakh cash from a bank ATM in Sarkhej area of Ahmedabad city in Gujarat. Police today said that the miscreants cut the cash chest of the SBI ATM near Dholka circle on Sarkhej-Dholka road late last night with a gas cutter. They decamped with cash worth Rs 9 lakh 39 thousand and 200 from the ATM. Police was trying to nab them on the basis of the cctv footage. DeshGujaratRead More

FM announces mega-bank amalgamation: India to have 12 Public Sector Banks

August 30, 2019

New Delhi, Aug 30 (UNI) In a major policy decision, the Government on Friday announced amalgamation of 18 Public Sector Banks into four banks in an effort to impart them with a globally competitive edge. Addressing a press conference here, Union Finance Minister Nirmala Sitharaman said the government is committed to strengtheng banking sector in a bid to achieve five trillion dollar economy by 2022 and announced a slew of measures including amalgamation of Punjab National Bank, Oriental Bank ...Read More

Cash worth over Rs 39 lakhs mysteriously missing from SBI ATM in North Gujarat

July 25, 2019
Cash worth over Rs 39 lakhs mysteriously missing from SBI ATM in North Gujarat

Mahesana: A somewhat strange case regarding fraudulent withdrawal of more than Rs 39 lakh from a bank ATM using its secret code in Unjha town of Mahesana district has been filed, police said today. According to police the local Branch Manager of the State Bank India D Chaudhary has lodged the complaint. It had come to notice of the bank that Rs 39 lakh 53 thousand and one hundred, which should have been remaining as balance in the ATM situated near Unjha Pharmacy, was ...Read More

London based Standard Chartered to start operations at GIFT city shortly, will become first foreign bank at the IFSC

July 18, 2019
London based Standard Chartered to start operations at GIFT city shortly, will become first foreign bank at the IFSC

Gandhinagar: London based leading international bank, Standard Chartered, will shortly become the first foreign bank to launch operations at International Financial Services Centre (IFSC) located in Gujarat International Finance Tec – City (GIFT City). A press release by the first Indian IFSC situated near capital Gandhinagar today said that Standard Chartered has received in- principle regulatory approvals to set up its IFSC Banking Unit (IBU) in GIFT IFSC. The proposed commenc...Read More

Rahul appears in Metro court in connection with ADC bank defamation case, granted bail, next hearing on Sept 7

July 11, 2019
Rahul appears in Metro court in connection with ADC bank defamation case, granted bail, next hearing on Sept 7

Ahmedabad: Congress leader Rahul Gandhi today appeared in a metro court here in connection with a defamation case which granted him bail and fixed September 7 as the next date of hearing. The case regarding his remark, statements and social media posts about the alleged large-scale deposit of scrapped Rs 500 and 1000 notes in Ahmedabad District Cooperative Bank (ADC bank), of which BJP president Amit Shah was a director, during just five days after announcement of demonetization on November 8...Read More

Now withdraw cash just by using OTP at HDFC Bank and ATM

July 02, 2019
Now withdraw cash just by using OTP at HDFC Bank and ATM

Gandhinagar: Now you can send or withdraw cash just using your mobile phone with the launch of cardless cash withdrawal by largest private sector bank of India HDFC Bank. The bank today through email conveyed launch of its new service to customers, according to which, cardless cash withdrawal will be possible 24X7 for instant cash. No charges or transaction fee would be applicable. Beneficiary need not hold an HDFC Bank account. Benefits Ability to withdraw cash without any Debit / C...Read More

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