Banks to enable all accounts with netbanking by March: Ravi Shankar Prasad
Banks > Netbanking > Feb 28
An internal review meeting was conducted in the ministry where presentations on digital banking were given to union minister for electronics and IT, Ravi Shankar Prasad. According to an official in the know, in the meeting it has been decided that all banks will be given instructions that all accounts have to be net banking enabled by March 31 . Currently, there are 30-35% of accounts in which customers have opted not to enable netbanking.
Deposit Rs 5092.6 crore to keep Subrata Roy out of jail: SC tells Sahara
India > Subrata Roy > Feb 28
The Supreme Court directed the Sahara Group to deposit Rs 5092.6 crore by April 7 in the SEBI-Sahara account to keep its chief Subrata Roy out of jail and said the amount will be refunded to the investors. A bench headed by Justice Dipak Misra refused to give six months time to the group to sell its properties but allowed it to sell assets, mentioned in the list furnished by it, for refund of money. However, the bench, also comprising Justices Ranjan Gogoi and A K Sikri, observed that in case the group deposits a "substantial amount" out of Rs 5092.6 crore by April 7, the court may extend the time to sell other properties. The judges said the group can sell 13 out of the 15 properties mentioned in one of the lists to deposit the amount and can also sell the properties, which are unencumbered, and mentioned in the other list given by it.
Rs 500 notes without serial numbers dispensed from SBI ATM
Banks > SBI > Feb 28
Adding on to the rising issue of fake notes getting dispensed from ATMs across the country, a man, on Tuesday withdrew Rs 500 notes without serial numbers from a State Bank of India ATM in Domah, Madhya Pradesh.
Samsung Group chief charged with bribery, corporate strategy office dismantled
Corporate > Samsung > Feb 27
South Korean prosecutors charged Samsung Group chief Jay Y. Lee with bribery and embezzlement on Tuesday as the top conglomerate announced the dismantling of its corporate strategy office, the latest developments in a graft scandal that has rocked the country.
Staff of SBI's associate banks to get VRS
Banks > SBI > Feb 27
In a bid to trim the bloated workforce, State Bank of India (SBI) has tailored a golden handshake for employees of its five associate banks that would see an average payout of Rs 12 lakh to Rs 15 lakh.
BBC banned from tiger reserves
India > BBC > Mar 01
In an unprecedented step, the National Tiger Conservation Authority (NTCA) has banned the British Broadcasting Corporation (BBC) and its South Asia Correspondent Justin Rowlatt from filming across any tiger reserves in India for “breach of trust” during the shoot of its controversial documentary on Kaziranga Tiger Reserve. It has also advised the External Affairs Ministry to revoke the visa issued to Rowlatt and his crew and take “appropriate action to prevent their further entry into India, for a period of not less than five years”.