NEW DELHI, Aug 24: In a bid to enhance other income, Punjab National Bank (PNB) plans to give a fresh push to its credit card operations from November onwards as it expects its revamped IT infrastructure to be in place by that time. PNB credit card is not visible in the market, although the features are at par with any other card in the market. Therefore, we have strengthened the credit card division and put a general manager in-charge for [] The post Credit card biz to get a fresh push from Nov

NEW DELHI, Aug 24: After the State Bank of India, Bank of India has classified the loan account of insolvent Reliance Communications as fraudulent and named its former director, tycoon Anil Ambani, citing alleged fund diversion in 2016, according to a regulatory filing. State-owned Bank of India granted a Rs 700 crore loan in August 2016 to Reliance Communications for its ongoing capital and operational expenditure and repayment of existing liabilities. Half of the sanctioned amount disbursed in

KOLKATA, Aug 11:A civil society organisation advocating banking stakeholders interests has written to the Finance Ministry, requesting its intervention into ICICI Banks decision to raise the minimum average balance (MAB) requirement for new savings accounts, and said such a move is detrimental to the governments vision of inclusive banking and growth. In a letter to the finance secretary, Bank Bachao Desh Bachao Manch termed the private lenders decision as unjust and regressive. The bank has rai