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Paytm takes on Amex, Visa, Mastercard over data storage rules

Wednesday, July 25, 2018, 3:02 PM

US payment firms have successfully pushed India to consider diluting rules on data storage, but their lobbying campaign has sparked bitter industry spat pitting them against local rival Paytm, according to sources and documents seen. India's central bank directed payment firms to store data locally for "unfettered supervisory access" move companies such as Visa, Mastercard and American Express fear would cost millions of dollars.
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PNB, Central Bank, Corporation Bank to get Rs 10,000 crore from govt

Tuesday, July 17, 2018, 4:46 PM

The finance ministry is likely to infuse about Rs.10,000 crore within a few days in some state-owned banks including Punjab National Bank, Corporation Bank and Central Bank of India, to help them meet their regulatory capital requirements, people aware of the matter said. The new round of infusion will be between Rs.8,000 crore and Rs.10,000 crore, people familiar with the matter said.
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Bank manager asks sexual favours from farm loan applicant; booked

Saturday, June 23, 2018, 11:03 AM

A branch manager of Central Bank of India in Buldhana district has been booked for allegedly demanding sexual favours from a farmer's wife seeking crop loan, police said today. The woman had accompanied her husband to the bank where they had applied for a crop loan at Datala in the Malakapur Tehsil, they said.

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