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RBI EMPLOYEE MISCONDUCT
Unauthorised absence by RBI official grave misconduct: Bombay HC; upholds his removalThe Bombay High Court has ruled that an Reserve Bank of India official's unauthorized absence from work is grave misconduct. The court dism...- IndusInd Bank moves to claw back bonuses from ex-top brassThe bank has not yet finalised the clawback period, which is likely to span two to three years. The proposed action is based on findings fr...
- IndusInd Bank may put former execs in the dock, claw back bonusesThe Reserve Bank of India's (RBI) November 2019 guidelines on the compensation of key managerial personnel direct banks to establish a claw...
- IndusInd Bank looks to claw back salary, bonuses of former top officials, sources sayIndusInd Bank has initiated a process to recover salary and bonuses from its former CEO Sumant Kathpalia and deputy CEO Arun Khurana after ...
- Rs 4.58 crore stolen from ICICI bank customers: Broke FDs, created overdraft and personal loan; how relationship manager executed fraudA 26-year-old ICICI Bank relationship manager in Kota, Rajasthan, was arrested for stealing Rs 4.58 crore from customers, including senior ...
- FIU imposes over Rs 1.66 crore fine on Axis Bank for failing to detect fraud NSG accountThe Financial Intelligence Unit has fined Axis Bank over Rs 1.66 crore for failure to detect and report suspicious transactions involving a...
- FIU imposes over Rs 1.66 cr fine on Axis Bank for failing to detect fraud NSG accountThe Financial Intelligence Unit (FIU) has fined Axis Bank over Rs 1.66 crore for failing to detect and report suspicious transactions invol...
- Banking system backbone of Indian economy, says High Court upholding bank officer's dismissal over irregularitiesThe high court dismissed a petition by an ex-assistant manager of the Reserve Bank of India (RBI), who was entrusted with processing and sh...
- RBI rejects idea of digital-only banks; VPNs banned for govt employeesEarlier today, the RBI governor said the central bank has not accepted proposals for digital-only banks as such entities would pose risks t...
- Public sector banks may follow a uniform practice on employee accountability for bad loansIndian Banks’ Association (IBA) has formed a committee under Canara Bank ED MV Rao to look into the nuances of staff accountability. The pa...
- Reserve Bank seeks internal car loan investigation details from HDFC bankReserve Bank of India has also sought information on steps taken by HDFC Bank to remedy any issues identified during the investigation
- ICICI Bank seeks recovery of amounts from Chanda KochharIn a monetary suit filed on 10 January, the bank sought dismissal of Kochhar's petition and stated that the issue can be decided in a comme...
- Amendments to Prevention of Corruption Act may provide shield to beleaguered bankersBankers take many decisions to sanction loans for business entities under stress that can be construed as obtaining, pecuniary advantage fo...
- Government goes slow on notifying new agency to monitor CAsAlmost five years after the new Companies Act was enacted, it has so far failed to notify National Financial Reporting Authority (NFRA), pu...
- We run risk of employee fraud: Citibank risk factor disclaimerCitibank has acknowledged that it runs the risk of possible fraud by its employees and internal controls may not always be effective.
- More banks get IT savvy to check fraudsBankers said despite advancement in IT, most frauds are still being detected by way of internal audits, regulatory inspections and surprise...
- ICAI asks govt to stop giving projects to tainted audit firmsAccounting regulator ICAI has asked the government to stop giving assignments to tainted audit firms, a move that would discourage wrong do...
- Price Waterhouse partner found guilty in GTB casePrice Waterhouse partner S Gopalakrishnan, currently under arrest for his alleged role in fudging the books of Satyam Computer Services, ha...
- PW's Gopalakrishnan, two auditors found guilty in GTB casePrice Waterhouse partner S Gopalakrishnan alongwith two others has been found guilty of 'professional misconduct' in auditing the books of ...
- PwC partners found guilty of professional misconductPrice Waterhouse partner S Gopalakrishnan, currently under arrest for his alleged role in fudging the books of Satyam Computer Services, al...
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