News Brief: Today’s Banking, Economy, Finance News

Hellobanker Team

The Mumbai Anti-Corruption Bureau (ACB) has detained two senior officials of the Maharashtra State Goods and Services Tax Department for demanding Rs.1 crore Bribe. They were arrested while accepting bribe of Rs.20 Lakh as first installment.

Hellobanker Team

The country’s largest public sector bank, State Bank of India (SBI), has taken a major step toward women’s empowerment. The bank has launched a $500 million syndicated social term loan facility (about ₹4,500 crore) aimed at improving women’s financial empowerment. It is believed to be the largest gender-focused loan of its kind in the world. Click here to Read Full News

Hellobanker Team

Swift and banks around the world are planning to introduce a new framework for cross-border retail payments. It will provide several benefits such as clear information about fees, guaranteed delivery of the full payment amount, full tracking of the payment from start to end, and faster processing times. In some cases, payments may even be settled instantly. Click here to Read Full News

Hellobanker Team

Former SBI MD Vinay Muralidhar Tonse appointed as new MD and CEO of YES Bank. Click here to Read Full News.

Hellobanker Team

The police have booked a female employee of State Bank of India in Ludhiana, Punjab for allegedly embezzling ₹37.78 lakh by manipulating bank accounts and carrying out unauthorised withdrawals. The employee (Amandeep Kaur) was working at State Bank of India’s Shingar Cinema Road branch and has been placed under suspension. She is a resident of Dugri. Click here to Read Full News

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