RBI tells banks, grout ATMs to wall, pillar, floor by September-end; here’s the reason

With an aim to enhance security, the Reserve Bank of India (RBI) has asked banks to make sure that their Automated Teller Machines (ATM) are grouted to a wall pillar, or floor by the end of September 2019. However, the ATMs installed in premises with high security including airports need not to do such so […]

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/31wfaSC

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South Indian Bank to raise Rs 500 crore via debt

According to the filing, the board in its meeting held on Saturday also approved the proposal to raise funds by issuing up to 30 crore share of face value of Rupee one each.

from Business Line - Money & Banking http://bit.ly/2N495tF

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RBI gets a new executive director

​Mishra has been serving RBI for about 30 years now. He has been associated with many research papers.

from Banking/Finance-Industry-Economic Times http://bit.ly/2IgSApm

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IL&FS probe: NFRA seeks documents from auditors

40 auditors including Deloitte, KPMG, EY asked to give hard copies, cloud access.

from Banking/Finance-Industry-Economic Times http://bit.ly/2Xm8YgY

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Big is beautiful: Merger of PSU general insurance companies to unleash economies of scale

General Insurance: While there is unanimity on the benefits of consolidation of PSU insurance companies, experts are divided over the route to be adopted for this purpose.

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

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