Tuesday, July 5, 2022
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Banks Watch Bureau

Govt revamps BBB into Financial Services Institutions Bureau

Sources said the ACC has also approved the appointment of Bhanu Pratap Sharma, former Chairman, BBB as the initial chairperson of FSIB

No PSU employees involved in ABG scam: Finance Minister

The FM has told parliament that the CBI has registered a case against the company and its directors last month and no PSU employee has been found to be involved in the ABG scam

Banks privatization: No information so far, clarify Indian Overseas & Central Bank of India

Both the Indian Overseas Bank (IOB) and Central Bank of India have clarified that there has been no information regarding the reported privatization of the Banks

Moody’s raises Indian Banking System outlook to ‘stable’ from ‘negative’

Moody's upgraded the outlook for the Indian banking system to 'stable' from 'negative' citing moderate deterioration of asset quality since the onset of the pandemic

Indian Overseas Bank removed from PCA watchlist

Following improvement in various parameters and a written commitment that the state-owned lender will comply with the minimum capital norms, RBI removed Indian Overseas Bank from Prompt Corrective Action Framework (PCAF)

UCO Bank removed from Prompt Corrective Action (PCA) watchlist

State-owned UCO Bank has been removed from Reserve Bank's Prompt Corrective Action Framework (PCAF) watchlist following improvement in various parameters and a written commitment

SL Tripathy appointed CMD of the United India Insurance

Govt on Saturday cleared the name of SL Tripathy to be appointed as the Chairman-cum-Managing Director (CMD) of the United India Insurance Company Limited (UIICL)

Indian Bank ED VV Shenoy given tenure extension till March’22

The central government has approved the tenure extension of Indian Bank Executive Director VV Shenoy till March 2022

Bank of India approves Rs 3,000 cr QIP at Rs 66.19 per share

Aimed at raising Rs 3,000 crore equity capital to fund business growth Bank of India has set the floor price for the QIP at Rs 66.19 per share

Bank employees family pension to be increased to 30% of last pay drawn

The government has approved the IBA’s proposal to increase the bank employees family pension to 30 percent of the last drawn salary

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