TheEarlypost: Banking
Banking
* Bank of Baroda hit by cyber security incident
The bank has said that a detailed assessment of the situation is underway
* Bank of Baroda to pay ₹5,700 crore to settle cases against NMC Health
Trials in an Abu Dhabi court had begun on 23 March
* Union Bank of India raises ₹3,000 crore for infrastructure and affordable housing loans
Of 48 bids received, the bank has accepted 14 bids at a coupon rate of 7.16 per cent
* There is no power struggle, says HDFC Bank's interim chairman Keki Mistry
The earlier chairman Atanu Chakraborty has quit citing a difference in personal values and ethics
* State Bank of India raises ₹6,051 crore in tier-II bonds
The bonds are Basel III compliant and raised at a coupon rate of 7.05 per cent
* Vinay Muralidhar Tonse appointed as MD and CEO designate at Yes Bank
Tonse was earlier on deputation to SBI Mutual Funds as Managing Director and CEO
* State Bank of India inducts 5,783 junior associates for branch banking services
Applications were received from 900,771 candidates
* Fino Payments Bank CEO arrested for tax compliance reasons
The arrest was made under provisions of the GST Act
* Canara Bank raises ₹5,000 crore through unsecured bonds
The amount is debt and qualifies as Tier-II bonds for regulatory purposes
* Yes Bank takes measures to safeguard impacted forex card users
The bank has blocked all e-commerce transactions originating from a Latin American country
* IDFC First Bank reports potential fraud of ₹590 crore
Private sector IDFC First Bank has reported a potential fraud of ₹590 crore related to its Chandigarh branch