Bank-of-India

Rs 19,000 Cr Fraud At PSU Banks In 90 Days; SBI, BoI #1 In Fraud Cases The number of frauds reported by PSBs is sky high - the banks have reported frauds worth more than Rs 19,964 crore. And this is number has been recorded only during…

Bank Of India Asks Customers To Stop Using Debit Cards For Cash Withdrawal, And Use This Instead The rate at which frauds happening through ATM cloning and skimming is truly disturbing and its high time security measures are implemented…

There have been over 50,000 bank fraud cases hitting the Indian banks in the last 11 fiscal years. Right from big PSBs to small ones, private banks even international banks with their branches in India, these financial institutions…

The Central Bureau of Investigation has exposed yet another bank fraud worth Rs 824.15 crores against the Chennai-based jewellery chain Kanishk Gold Pvt Ltd. after State Bank of India (SBI) filed a complaint against Kanishk Gold of cheating…

After several credible and traditional news publications had shared reports that free banking services in public sector banks shall cease to exist after 20th January 2018, the Indian Banks’ Association (IBA) has clarified that no such thing…

For the first time in India, a facility has been provided for those without any bank account to withdraw cash from ATMs. Bank of India launched this service termed as “Instant Money Transfer” wherein any person without any bank account…

This is really interesting – State Bank of India has announced that it will soon offer no-frills bank account for needy - which will be used only through mobile phone. According to this article in telegraph, this project is only for…

Mobile Banking is one of the most popular services used by Indians – More than 43.7 million mobile users used Mobile banking services in one form or the other. Here are the breakup of various Mobile Banking services used for the…

This is probably the first time that a large Nationalized Bank will be offering Loans without any collateral to Indian SME’s ! The global economy slowdown dented the manufacturing sector. Increasing costs, lack of demand and…

Brand Finance PLC, UK based brand valuation company has released the BrandFinance Global Ranking 500. This list gives a comprehensive list of all the banks across the world with the rankings based on their methodology. The methodology is…