Banking Sector

Centurian Bank Of Punjab to Increase Forex Operations

Centurian Bank Of PunjabNew Delhi: Sudarshan Motwani, Head-Foreign Exchange Serv

SBI Funds, Dena Bank Tie-Up

Dena BankMumbai: SBI Funds Management Pvt Ltd has tied up with Dena Bank to increase the fund’s reac

IDBI Plans 3 Overseas Branches

Industrial Development Bank of IndiaThe Industrial Development Bank of In

Banks Should Perk Up Staff Abilities To Control Money Laundering - KPMG

New Delhi: KPMGIn a report, global consultancy firm KPMG stated that Indian Banks and some other Asia-Pacific countries should perk up their staff abilities to control money laundering actions as training programmes are fairly unsophisticated and laws outdated.

According to a worldwide study by KPMG Forensic, “Respondents across Asia-Pacific tell us that training in many parts of the region is relatively unsophisticated, reflecting outdated legislation and lack of regulatory pressure.”

The study mentioned that 17 per cent of the responders in the area alleged they give training in anti-money laundering (AML) actions to below 40 per cent of their employees.

SBI Melts Down 4.46%, Markets Weak

In early trading, State Bank of India (SBI) is quoting at Rs 1,542.90, depressed Rs 72, or 4.46%. It also touched an intraday high of Rs 1,585 and an intraday low of Rs 1,518.60.

PNB Raises Interest Rates On Fixed Deposits

Punjab National BankNew Delhi: Punjab National Bank (PNB) increased its fixed de

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