Punjab National Bank

RBI directs two NBFCs to stop allowing premises for accepting deposits

The Reserve Bank of India has directed two Non-Banking Financial Companies (NBFCs), viz., Muthoot Fincorp Ltd. (MFCL) and Manappuram Finance Ltd. (MAFIL) to stop allowing the use of its premises / branches to accept deposits from public by their associate unincorporated bodies. Muthoot Estate Investment (MEI), was collecting public deposits through the branches of MFCL… Read More

Tags: KeralaNBFCNon-banking financial companyPunjab National BankRBI ActReserve Bank of IndiaRun batted in

Productivity Trends in Indian Banking in the Post Reform Period Experience, Issues and Future Challenges

(Special Address by Dr. K. C. Chakrabarty, Deputy Governor, Reserve Bank of India at the FIBAC 2013 organized by FICCI and IBA at Mumbai on August 13, 2013) Shri K.R. Kamath, Chairman, IBA and CMD, Punjab National Bank; Shri H.S.U. Kamath, CMD, Vijaya Bank; Smt. V.R. Iyer, CMD, Bank of India; Shri R.K. Dubey, CMD,… Read More

Tags: Bank of IndiaBanking in IndiaFICCIIndiaMumbaiPunjab National BankReserve Bank of IndiaVijaya Bank

Compliance Function in Banks: Back to the basics

(Inaugural address by Dr. K. C. Chakrabarty, Deputy Governor, Reserve Bank of India at the launch of certificate programmes on Compliance Function and Training on July 12, 2013 in Mumbai) Mr. S.N. Ananthasubramanian, President, Institute of Company Secretaries of India (ICSI);Mr. Allen Pereira, Director, National Institute of Bank Management (NIBM); Dr. R. Bhaskaran, Chief Executive… Read More

Tags: Banking in IndiaCentral Bank of IndiaIndiaInstitute of Company Secretaries of IndiaMumbaiNational Institute of Bank ManagementPunjab National BankReserve Bank of India

Assignment of Lead Bank Responsibility in districts of Metropolitan Areas

RBI/2013-14/130 RPCD.CO.LBS.BC.No.12/02.08.001/2013-14 July 11, 2013 The Chairmen & Managing Directors All Lead Banks Dear Sir/Madam, Assignment of Lead Bank Responsibility in districts of Metropolitan Areas Please refer to paragraph 70 of Monetary Policy Statement 2013-14, in terms of which it was decided to bring all districts in metropolitan areas under the fold of the lead bank scheme.… Read More

Tags: Bank of IndiaCanara BankDelhiIndian Overseas BankMumbaiOriental Bank of CommercePunjab National BankState Bank of India

Action Against those Exposed by Cobrapost, Red Spider 2 Expose

In connection with Cobrapost, Red Spider 2 Expose that was released today morning, the Secretary, Department of Financial Services Shri Rajiv Takru has asked the Chairman cum Managing Directors (CMDs) of various Public Sector Banks (PSBs) Including Allahabad Bank. Andhra Bank, Bank of Baroda, Bank of India ,Bank of Maharashtra, Central Bank of India, Dena… Read More

Tags: Dena BankFinancial servicesIDBI BankIndiaPunjab National BankState Bank of IndiaState Bank of MysoreState Bank of Patiala

Agreement for sale or an agreement to sell itself does not create any interest or charge

CLR Editorial Notes: In the said judgment, while examining the ambit and scope of Section 22 of the Sick Industrial Companies (Special Provisions) Act, 1985 (for short, the 'Act of 1985') and its overriding application over the provisions of Transfer of Property Act, 1882 (for short, the 'Act of 1882'), with particular reference to Section… Read More

Tags: Bank of BarodaDena BankIndian Overseas BankObjection CertificatePunjab National BankSupreme CourtSupreme Court of IndiaSwatanter Kumar

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