Bank of India (BOI): News

CBI files Rs. 1,400cr fraud case against dairy firm Kwality

The Central Bureau of Investigation (CBI) on Monday has filed a case of fraud against Kwality Ltd., one of the country's most popular dairy product makers.

08 Jul 2019


Sensex plunges over 900 points, Nifty slips below 11,600 points

Benchmark equity indexes S&P BSE Sensex and NSE Nifty 50 continued to decline for a second consecutive session on Monday. Sensex lost over 900 points in late afternoon trade, while the broader Nifty tanked by over 245 points.

25 Feb 2019


#FinancialBytes: How to open a PPF account

Public Provident Fund, popularly known as the PPF scheme, is a long-term savings scheme, launched by the National Savings Institute, Government of India, in 1968.

07 Feb 2019


#FinancialBytes: Popular personalized credit card options available in India

Credit cards are among the most widely-used cashless payment methods because of the convenience they offer.

08 Jan 2019


#BharatBandh: How banking services will get affected

With the two-day nationwide general strike having commenced, banking services across India could be affected as a significant chunk of government bank employees have joined in on the strike.

27 Nov 2018


How scammers use Google Maps to dupe people, steal money

No matter how vigilant you try to be, fraudsters always cook up something different and seemingly legit ways to hack into your bank account and steal your finances.

Jalandhar: Couple buys jewellery worth Rs. 1.9lakh with fake notes

In a tragicomic incident, a jeweller from Jalandhar was cheated of Rs. 1.90 lakh worth of jewellery by a couple using fake currency.

02 Sep 2018


How to apply for education loan in India

Getting quality education from a top-notch institution, is vital to give a kick-start to your career, whatever be the field.

26 Aug 2018


These quake-hit women in Maharashtra are setting new entrepreneurship goals

Women in Maharashtra's Latur and Osmanabad districts, which were hit by an earthquake 25 years ago, refused to be defeated by the catastrophe and took it as challenge to restore their houses and in turn became entrepreneurs.

#FinancialBytes: Know which Income Tax Return form you should file

Since April 5, 2018, the Income Tax Department has been uploading the Income Tax Return (ITR) forms for the Assessment Year 2018-19 (Financial Year 2017-18). In total there are 7 such forms.

#FinancialBytes: Know which Income Tax Return form you should file

Since April 5, 2018, the Income Tax Department has been uploading the Income Tax Return (ITR) forms for the Assessment Year 2018-19 (Financial Year 2017-18). In total there are 7 such forms.

13 Jul 2018


Mumbai: Woman slips while trying to board moving train, dies

A 50-year-old woman lost her life after she slipped into the gap between the train and a platform in Mumbai's Borivali station.

Two retired Bank of India officers held for Rs.2,654cr fraud

The CBI today arrested two senior retired officers of Bank of India in connection with alleged loan fraud of Rs. 2,654 crore by Vadodara-based Diamond Power Infrastructure Ltd. (DPIL) in the bank.

#FinancialBytes: Know which Income Tax Return form you should file

Since April 5, 2018, the Income Tax Department has been uploading the Income Tax Return (ITR) forms for the Assessment Year 2018-19 (Financial Year 2017-18). In total there are 7 such forms.

01 Jun 2018


ED attaches assets of Gujarat firm in Rs. 5,000cr bank-fraud

The Enforcement Directorate has attached Rs. 4,701cr worth of assets of Gujarat-based pharmaceutical company Sterling Biotech Group in connection with a Rs. 5,000cr bank fraud money laundering case, the ED said today.

Over 23,000 bank-fraud cases involving Rs. 1-lakh-crore in 5 years

Over 23,000 cases of fraud involving a whopping Rs. 1-lakh-crore have been reported in the past five years in various banks, according to the Reserve Bank of India (RBI).

#FinancialBytes: Buying a car? Here are 6 best car-loan options

Nowadays, having a car has become a necessity rather than a luxury. However, someone who has just started his professional career may not be able to afford a car.

23 Apr 2018

Uttar Pradesh

In Bareilly, locals receive 'churan label' notes from ATM

At an ATM of United Bank of India in Subhashnagar, Bareilly, Uttar Pradesh, people who came to withdraw money were in for a shock.

Cash crunch will be resolved by tomorrow, says SBI chairman

A severe cash crunch still persists across various cities and states, but SBI Chairman Rajnish Kumar has assured the problem will be resolved by tomorrow.

Diamond Power promoters, accused of Rs. 2,654cr-fraud, held in Rajasthan

In a joint operation, the CBI and the Gujarat Anti-Terrorist Squad (ATS) have arrested three promoters of Vadodara-based Diamond Power Infrastructure Ltd (DPIL), accused of defrauding a consortium of banks to the tune of Rs. 2,654cr, officials said today.

05 Apr 2018


CBI books Vadodara firm for Rs. 2,654cr fraud; raids premises

The CBI on Thursday said it had registered a criminal case against a Vadodara-based company dealing in electric cable and equipment, and its directors for allegedly cheating various banks to the tune of Rs. 2,654cr.

Indian banks reported one fraud every hour in FY17: Report

According to a report by proxy advisory firm Institutional Investor Advisory Services (IiAS), there was at least one case of fraud committed every hour on an average in Indian banks during the financial year 2017.

15 Mar 2018


Rotomac loan default case: Vikram Kothari and son denied bail

In connection with the alleged Rs. 3,695 crore willful loan default case, a CBI court has rejected the regular bail pleas of Rotomac Global promoter, Director Vikram Kothari and his son Rahul.

Rotomac's Vikram Kothari, son arrested for Rs. 3,695cr loan default

The CBI has arrested Rotomac Chairman Vikram Kothari and his son Rahul for siphoning off bank loans worth Rs. 3,695 cr.

19 Feb 2018


Rotomac chairman Vikram Kothari arrested for Rs. 800cr loan default

Amid rumors that Vikram Kothari had fled the country after defaulting on loans worth Rs. 800cr, the Rotomac chairman has been arrested, reports say.

26 Jan 2018


Padmaavat earns Rs.18cr on Day-1, R-Day weekend to boost business

Padmaavat had to undergo a lengthy battle to see the light of day. Its release was marred by violence and arson in several states.

28 Nov 2017

Air India

Pradeep Kharola replaces Rajeev Bansal as new Air India CMD

Senior IAS officer Pradeep Singh Kharola has been appointed as the Chairman and managing director of Air India (AI).

07 Nov 2017


Delhi ATM dispenses half-printed Rs. 2,000 note

An ATM in Delhi's Shaheen Bagh dispensed half-printed notes of Rs. 2,000, a local alleged.

05 Nov 2017


UK turns down two extradition requests by India

In recent weeks, UK has rejected two extradition requests by India. The decision came from London's Westminster Magistrates' Court, the same court that is hearing the Vijay Mallya case.

23 May 2017


If Bahubali were a corporate organization!

According to the latest reports, Bahubali 2, which was made on a budget of Rs. 250 crore, has managed to garner Rs. 1,565 crore till date and is still going strong.

21 Mar 2017


NPCI: No vulnerability in BHIM, UPI apps

After "intensive testing" and "continuous monitoring", the National Payments Corporation of India has announced there is no "vulnerability of loopholes" in the BHIM or UPI apps.

15 Mar 2017


Bank Bad loans to rise to Rs. 9 lakh crore

Sources stated that the bad bank loans in the country are set to increase by 50% to over Rs. 9 lakh crore by March 2017.

10 Mar 2017


IS threat imposes high-alert on Capital city

Delhi has been put on high-alert with intelligence inputs suggesting that the capital may be targeted by the Islamic State to "avenge" the encounter killing of the terrorist in Lucknow.

AIIMS fires resident doctor over death of nurse

AIIMS fired a resident doctor for "wilful absence of duties", and served notice to a consultant "for not being available for the emergency", after a pregnant nurse died during delivery.

21 Feb 2017


Bharat QR latest to join govt bouquet of payment apps

Giving another thrust to the drive towards a digital-economy, the government has launched a QR code-based payment system called BharatQR code.

02 Feb 2017


Vijay Shekhar: Budget 2017 will boost digital services

According to mobile e-wallet Paytm's founder Vijay Shekhar, budget measures will build a more inclusive economy and increase access to digital services.

01 Feb 2017


Bank stocks soar, Sensex over 485 cheering Jaitley's Budget

Public Sector Undertaking (PSU) bank stocks shot up as Finance Minister Arun Jaitley announced allocation of Rs. 10,000 crore towards recapitalization of public sector banks in Budget 2017-18.

15 Jan 2017

Tamil Nadu

45 people become lakhpatis under NPCI schemes

The Centre revealed that its incentives of announcing lucky draws to encourage electronic payments had already made 45 people 'lakhpatis'.

08 Nov 2016


India's mounting bad loan issue

With India's many banks reporting their recent financial results, the earnings posted have suffered greatly with the rising amount of bad loans affecting the asset quality of the banks.

13 Oct 2016


Two large Mumbai-based state-run banks may merge

Two large Indian state-run banks may be merged in the next fiscal year, said Banks Board Bureau Chairman Vinod Rai ahead of the launch of a new process to resolve stressed assets.