SBI Paris is being shut down

Newsroom24x7 Staff Paris: The State Bank of India Paris, which has boasted of full range of International Banking products and services and has been showcased as a Fortune 500 entity with the Government of India as its single largest shareholder with 58.60% ownership, is now being shut down as it has become a non-performing branch…

RBI Governor Urjit Patel cuts repo rate to 6 year low

Newsroom24x7 Staff Mumbai: Reserve Bank Governor Urjit Patel today announced the decision to reduce the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 6.5 per cent to six year low 6.25 per cent with immediate effect. The RBI Governor was addressing a press conference to brief the media on…

₹ 1000 cr Syndicate Bank scam: CBI files charge sheet against a former Chief Manager

Newsroom24x7 Staff: New Delhi: The Central Bureau of Investigation on Tuesday filed a charge sheet against a former Chief Manager, Syndicate Bank, Udaipur Branch (Rajasthan) and his wife; a Chartered Accountant of Udaipur; a Businessman (Real Estate Developer of Jaipur) and another person from Udaipur under section 120-B read with sections 420, 467, 468, 471, 472,…

RBI cancels Certificate of Registration of 2 NBFCs

Newsroom24x7 Desk Mumbai: The Reserve Bank of India (RBI) has cancelled the certificate of registration of the following two non-banking financial companies (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Sr. No. Company’s Name Address of Registered Office Certificate of Registration No.…