RBI slaps Rs 1 cr fine on Yes Bank



“The Reserve Bank of India… has levied an aggregate penalty of Rs 10 million (Rs 1 crore) on the bank for non-compliance of regulatory directions observed during assessment of implementation of SWIFT-related operational controls,” Yes Bank said in a regulatory filing.



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The fault lines behind Cosmos Bank attack



The unidentified hackers had executed money transfers on two separate occasions – August 11 and August 13 – which raises the question of why pro-active measures were not taken on the first night itself



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PNB fraud: CBI gets nod to act against Usha Ananthasubramanian



The government has given sanction for prosecution against PNB executive director Sanjiv Sharan as part of the clean up exercise in the system.



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PNB pays Rs 6,586 cr to other banks for NiMo scam



Bank provides for Rs 7,178 crore, or 50 pf of the total amount of the Rs 14,356 crore scam, in the fourth quarter of 2017-18. The remaining amount will be covered in the three quarters of the current fiscal year.



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CBI seeks Interpol's help to bring back Nirav Modi



The agency has written to the Interpol to issue a Red Corner Notice which would mean that the member countries of the Lyon-based international police cooperation agency can arrest and extradite Nirav Modi



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PNB fraud: CBI to file chargesheet in May



In all, 292 allegedly fraudulent LoUs and 224 foreign letters of credit were generated and money sanctioned to Nirav Modi’s companies since 2011



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