ICICI Lombard General Insurance on Monday said it is offering cyber insurance to customers of Airtel Payments Bank as rising digital payments and transactions pose threat of cyber fraud. This Cyber Insurance policy provides financial protection to customers against potential financial fraud ...

The Export-Import Bank of India (Exim Bank) has extended a line of credit (LoC) of USD 500 million to Sri Lanka on behalf of the Government of India on February 03, 2022. The fund will be used by the Island nation for the purchase of petroleum products. With the signing of the LOC agreement for ...

State Bank of India (SBI) said on Friday that it has issued $300 million Formosa bonds and listed the issuance on India INX GIFT IFSC. This is the first such issuance by any Indian Bank in Formosa Bond market. Formosa bond is a bond issued in Taiwan. SBI was the first issuer whose Green bonds were ...

Security Printing and Minting Corporation of India Limited (SPMCIL) under its modernization initiatives has set up New Bank Note Printing Lines each at Currency Note Press, Nashik and Bank Note Press, Dewas. SPMCIL is a Government of India-owned Miniratna company and is engaged in the ...

The Tata Group has chosen State Bank of India, Bank of Baroda and HDFC Bank as preferred bankers for Air India. Recently Tata Group has taken over Air India from the government. Air India is the largest international carrier out of India with an 18.6% market share. ...

The Reserve Bank on January 28, 2022 said it has imposed several restrictions on Indian Mercantile Cooperative Bank Ltd, Lucknow, including a cap of ₹ 1 lakh on withdrawals. The restrictions came into force from closure of business hours on January 28, 2022. The restrictions would remain in force ...

The Central Vigilance Commission (CVC) on Thursday expanded the scope of the Advisory Board for Banking and Financial Frauds (ABBFF), which would now examine bank frauds of Rs 3 crore and above and recommend action. Till now, the ABBFF was only looking into banking and financial frauds of Rs 50 ...

The government on January 25, 2022 notified the Punjab and Maharashtra Cooperative (PMC) Bank amalgamation scheme with Delhi-based Unity Small Finance Bank Ltd (USFBL), with effect from January 25, 2022. This means that from January 25, 2022 all the branches of the PMC Bank will function as ...

Servers of city-based Andhra Pradesh Mahesh Co-operative Urban Bank were hacked by some people and funds to the tune of nearly Rs 12 crore were allegedly fraudulently transferred to several bank accounts across the country, police said on Tuesday. The amount was not siphoned from the accounts ...

City Union Bank Ltd. announced the launch of “On the Go Payment Solution through Debit card in a Fitness Watch.” The wristwatch will be mapped to the operative account of the customer. CUB EASY PAY is a payment method by City Union Bank. Now the bank has integrated this feature of Debit ...