Bank of India

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

21 Sep 2020

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.

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

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.

#FinancialBytes: How to open a PPF account

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.

#FinancialBytes: Popular personalized credit card options available in India

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.

#BharatBandh: How banking services will get affected

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.

How scammers use Google Maps to dupe people, steal money

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

25 Oct 2018

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.

How to apply for education loan in India

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.

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

24 Apr 2018

#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.

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

23 Apr 2018

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

19 Apr 2018

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.

Indian banks reported one fraud every hour in FY17: Report

03 Apr 2018

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.

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

23 Feb 2018

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.

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

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.

Pradeep Kharola replaces Rajeev Bansal as new Air India CMD

28 Nov 2017

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).

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

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.

UK turns down two extradition requests by India

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.

If Bahubali were a corporate organization!

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.

NPCI: No vulnerability in BHIM, UPI apps

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.

Bank Bad loans to rise to Rs. 9 lakh crore

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.

IS threat imposes high-alert on Capital city

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

22 Feb 2017

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.

Bharat QR latest to join govt bouquet of payment apps

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.

Vijay Shekhar: Budget 2017 will boost digital services

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.

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

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.

45 people become lakhpatis under NPCI schemes

15 Jan 2017

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'.

India's mounting bad loan issue

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.

Two large Mumbai-based state-run banks may merge

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.