bank of india

Country's largest lender State Bank of India (SBI) today raised deposit rates by up to 150 basis points or 1.5 per cent across various maturities, a move that will provide better returns to people with fixed deposits in the bank. The new rates will b Full Article

The CBI is looking into bad debt write-offs by some of the banks and financial institutions involved in the kickbacks-for-loan rackets it busted last week. Two of them -- Punjab National Bank (PNB) and Bank of India -- have written off almost Rs 400 Full Article

The Reserve Bank of India (RBI) will begin examining the modus operandi of the alleged bribes-for-loans allegations made by the Central Bureau of Investigation (CBI) against officials of three banks, Life Insurance Corporation of India (LIC), and a f Full Article

Share of Money Matters Financial Services today nosedived by 20 per cent, hitting a lower circuit on BSE, on allegations that the firm bribed senior officials of public sector financial institutions for procuring loans for corporates. The Mumbai-base Full Article

Finance Minister Directs all PSBs, FIs and Insurance Companies to Look into their Exposures to the Various Companies Mentioned by CBI : Carry Out an Independent Evaluation on the Asset Quality, Documentation and Compliance of Prudential Requirements; Full Article

CBI in its press release has stated that it has arrested CEO of LIC Housing Finance Limited(LICHFL), Mumbai, Secretary (Investment), LIC, Mumbai, General Manager, Bank of India, Mumbai, Director (Chartered Accountant), Central Bank of India, New Delh Full Article

As the uncertainty following the Comptroller and Auditor General's (CAG) report on telecom companies continues, bankers who have taken exposure to these companies are getting the jitters. The plan of action ranges from drawdown of loans to seeking ad Full Article

The Central Vigilance Commission disposed of 784 cases during February 2010 referred to it for advice. The Commission advised imposition of major penalty against 170 officers including 47 from M/o Railways, 20 from MCD, 16 from Bharat Petroleum Corpn. Ltd., 10 from Bharat Coking Coal Ltd., 7 from Canara Bank, 6 each from Vijaya Bank, Bharat Heavy Electricals Ltd. and Northern Coalfields Ltd., 4 from Punjab National Bank, Full Article