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Money laundering by banks: ICICI Bank suspends 18 employees... 16 March 2013
Expose by Cobrapost.com has forced ICICI Bank and rivals HDFC Bank, Axis Bank to launch internal probes On Friday, ICICI Bank suspended 18 employees, a day after the lender and two of its peers were accused of indulging in money...
Keywords: private banks, Indian banks, Indian banks, money laundering by banks
Read MorePrivate Banks to Charge Huge on Cash Transactions 02 March 2017
Before the common man could recover from the shock of currency crisis, here comes one more shock as the private banks including HDFC Bank, Axis Bank and ICICI Bank started charging Rs 150 as minimum amount per transaction for all...
Keywords: Private banks, Cash Transactions, Axis Bank, Cash Transactions latest
Read MorePranab asks private banks to improve service 12 March 2012
As per the report, 6,895 complaints were against ICICI Bank and 5,590 against HDFC Bank. There were 2,144 complaints against Standard Chartered Bank, 1,865 against HSBC, 629 against Barclays Bank and 967 against Citibank NA. Finance Minister Pranab Mukherjee asked...
Keywords: Pranab asks private banks to improve service, HSBC, Finance Minister Pranab Mukherjee, Barclays Bank
Read MoreIndian Banks Hike Rates to Lure NRI Deposits 22 December 2011
Interest rates paid by Indian banks on NRE savings, term deposits and ordinary non-resident (NRO) savings accounts were deregulated by RBI. As stated by Central Bank, rates on non-resident deposits cannot go higher than the rates paid on term deposits...
Keywords: non-resident deposit rates, non-resident deposit rates, State Bank of India, Non-resident (External) Rupee
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