Strike paralyses banking operations in Mumbai

All banking operations were paralysed in the country's financial capital on Wednesday, following a strike by various banking employees and officers unions, officials said here.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2BCCxh2

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Premium of non-life insurers rises 27 percent to Rs 12,551 crore in November

Of these, 25 general insurance companies wrote gross direct premium of Rs 11,498.11 crore, up 26.4 per cent from November 2017.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2ESofwQ

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Checking bank fraud: Vigilance commission takes this action on PSU banks, insurance firms

Probity watchdog Central Vigilance Commission (CVC) has started examining audit reports of state-run banks and insurance companies to check incidents of fraud and suggest corrective measures, officials said Wednesday. 

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2EOQpJf

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Year of Exits: Borrowers left as loans went kaput; CEOs forced to leave and RBI chief quits too

The magnitude of the scam shook the entire banking system and PNB is still trying to overcome this.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2GFZG86

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To check fraud, CVC starts examining audit reports of PSBs, insurance cos

Vigilance commissioner T M Bhasin told PTI the CVC is getting a review done of central statutory reports, concurrent auditors' reports and other auditor reports through chief vigilance officers of all public sector banks and insurance companies.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2QTknCo

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