Suspensions are based on allegations that a female staff member at PNB’s Greater Noida branch misused passwords of other employees to carry out unauthorised transactions.
Several customers of Punjab National Bank in Greater Noida claimed they neither authorised fund transfers nor received alerts about money taken from their savings accounts and fixed deposits.
Anup Bagchi’s predecessor, Sashidhar Jagdishan, vacated office on Monday after the completion of his term.
SBI’s preliminary analysis shows exposed information included customer names, mobile numbers, dates of birth, gender, email addresses, residential addresses, branch and customer identifiers and loan records.
HDFC Bank has initiated an internal probe into the alleged leak of confidential information by two of its senior executives.
MPC members divided over extent of monetary tightening that may ultimately be needed; RBI Governor Sanjay Malhotra says duration and extent of rate hiking cycle would be contingent on growth-inflation dynamics.
Hacker group under name of 'Siriusim' claims to have SBI’s customer information, including records containing loan applications, account-opening documents and addresses.
ICICI Bank’s Q2 net profit zooms to Rs 14,843 cr as loan growth rises 30% YoY to Rs 18.32 lakh cr; FCNR(B) inflow of $18 bn boosts fund base but narrows margins.
Ahead of Anup Bagchi taking charge, Kaizad Bharucha, deputy managing director of HDFC Bank, has “requested cessation” from service from 31 December; he had played a key role in building the bank’s credit architecture.
Axis Bank has appointed Rahul Shukla, a former senior executive at HDFC Bank, as group head of its Commercial and Bharat Banking business.
All Indian branches of Emirates NBD Bank will function as branches of RBL Bank with effect from 1 December, RBI said.
Karur Vysya to cap high-value corporate credit at 20% and will be cautious on gold loans which comprise 26% of total advances; bank’s Q2 net profit up 37% to Rs 788 crore.
PNB CEO Ashok Chandra said the bank will raise $1 billion under its MTN programme and is waiting for right time to do it; NII up 10.8% and asset quality improves.
Fairfax has not taken call yet on future of CSB Bank; have two years to decide whether to sell or merge it with IDBI Bank, says Prem Watsa.
IDBI Bank will become holding company by transferring stakes of Fairfax’s holdings in IIFL Capital Services and Go Digit Life Insurance and Go Digit General Insurance to the lender.
