SBI manager, accountant suspended in fake currency scam
The manager and an accountant of the State Bank of India (SBI) Domariyaganj branch in eastern Uttar Pradesh have been suspended in connection with the fake currency scam, an official said on Thursday.
RBI phasing out old Rs 1,000, Rs 500 notes
The Reserve Bank is phasing out old currency notes in the denomination of Rs 1,000 and Rs 500 of 1996 series and replacing them with new ones with added security features.
Karnataka Bank launches a new deposit scheme
Mangalore-headquartered private sector bank, Karnataka Bank Limited has introduced a new deposit scheme called KBL- Varsha with effect from September 1.
FM asks RRBs to open branches licensed by RBI
Finance Minister P Chidambaram on Wednesday asked regional rural banks (RRBs) to open branches by September 30 for which RBI has given the licences.
State Bank starts pension fund management ops
Country's largest lender State Bank of India on Wednesday said its wholly-owned subsidiary SBI Pension Funds (SBIPFPL) has commenced operations.
Oriental Bank hikes lending rate by 25 bps
Oriental Bank of Commerce has raised its prime lending rate by 25 basis points to 14 per cent with effect from Aug. 11, it said on Wednesday.
Andhra Bank to sell bonds next week-source
Country's state-run Andhra Bank plans to raise up to 6 bn rupees via lower Tier II bonds next week, two banking sources said on Wednesday.
Dinesh.com - Home 
India 
