Bank Jobs

Job recruitment for RBI-Reserve Bank of India-2021

RBI-Reserve Bank of India invites application for the post of ‘Medical Consultant’ Post  : Medical Consultant Address : Regional Director, Human Resource Management Department, serve Bank of India, 10/03/08, Nrupathunga Road, Bengaluru – 560 001 Last Date : 28-06-2021 Vacancy : 1 Qualification : MBBS Salary : Rs. 1,000/-(per hour) Work Place :Bengaluru Mode of Selection : Written Read More…

Banks Companies Indian Subcontinent Industries Market Regulators

SEBI move to curb money laundering by foreign Investors delayed by Custodians

The Securities and Exchange Board of India (Sebi) has deferred the diktat requiring foreign investors to disclose their mobile number, email addresses and income details to depositories, a move believed to be aimed at curbing practices such as round tripping and money laundering.   “Based on the representations received from MIIs (market infrastructure institutions), Sebi Read More…

Companies Indian Subcontinent Industries Life Style Market

RBI waves Red flag over 100.7% surge in Index prices pinpointing 8% GDP Contraction

In its annual report for 2020-21, RBI noted that India”s equity prices have surged to record highs, with the benchmark index Sensex crossing the 50,000 mark on January 21, 2021 to touch a peak of 52,154 on February 15.   This represents a 100.7 per cent increase from the slump just before beginning of the Read More…

Banks Indian Subcontinent Jobs Market

Pursuit HSBC Barclays Citi bank also Exit retail business from Indian soil

Citigroup on  Thursday exploded bomb in financial market after it said that it was exiting its retail business in India and 12 other countries across Asia and parts of Europe, to focus on wealth management business, as it lacked the scale to compete in the retail space.   The decision to exit retail businesses from Read More…

Banks Indian Subcontinent Protest Voice

Centre privatisation push Bank unions to call for total strike on March 15 and 16

The United Forum of Bank Unions (UFBU), an umbrella body of nine unions, will go on a two-day strike on March 15 and 16, 2021, to protest against the proposed privatisation  state-owned banks.   As a result Industry sources confirmed Banks are scheduled to be closed on March 13, 2021 (second Saturday) and March 14, Read More…

Banks Currency

Bitcoin cryptocurrency gained 20% in a week to reach $1 trillion cap

The world’s most popular cryptocurrency rose to a record $57,553, taking its weekly gain to around 20%. It has surged nearly 100% this year.   Bitcoin hit a fresh high on Saturday, extending a two-month rally that took its market capitalization above $1 trillion on Friday.   Bitcoin’s gains have been fueled by evidence it Read More…

Banks Indian Subcontinent

Indian retail investors can purchase Government Bonds directly : RBI

The Reserve Bank of India on Friday gave retail investors direct access to the government securities markets a move termed by Governor Shaktikanta Das as a “major structural reform”.   India, in fact, will be the third nation in the world after the United States and Brazil, where retail participants can take direct exposure on Read More…

Banks Companies Indian Subcontinent Industries Market

Indian banks written off Rs 2,38,000 Crores in 2020 : RBI

India’s financial sector should brace for challenging times ahead with an increased risk of deterioration in asset quality and lower demand for loans, the Reserve Bank of India (RBI) warns in a report on Tuesday.   The RBI report also said Indian banks had written-off loans worth 2.38 trillion rupees ($32.46 billion) in the financial Read More…

Banks DMK Education Voice

SBI Arakkonam branch inhuman act against students and farmers create furore

Arakkonam branch of SBI has named and shamed the students who have taken education loans and the farmer borrowers by an act that been condemned by many ..   Arakkonam branch of SBI put outside the branch premises photos of students who have taken education loans and farmers and also put up with a question Read More…

Banks Industries Voice

RBI , Modi Government pushed unprecedented “Free of Cost” deal to DBS laments Investors and Promoter of LVB

The Reserve Bank of India (RBI) took control of LVB on November 15 due to a ‘serious deterioration’ in its finances and temporarily capped withdrawals   Then the promoter opposed unilateral merger of LVB with DSB . But Inspite of objection Modi led BJP government on Wednesday approved the merger of Lakshmi Vilas Bank (LVB) Read More…