BANK ACCOUNTS

  • 74 per cent accounts in Jan Dhan Yojana are with zero balance November 18, 2014

    New Delhi: Around Rs 5,400 crore have been deposited in banks in over seven crore bank accounts opened under Pradhan Mantri Jan Dhan Yojana of which 74 per cent accounts are with zero balance, according to an RTI reply. The data provided by Department of Financial Services says that as on...
  • Jan Dhan accounts cross 5 crore mark, banks collect over Rs 3500 crore September 29, 2014

    Mumbai: Banks have opened a whopping five crore accounts under the Jan Dhan scheme till September 25 and collected over Rs 3,500 crore in deposits, a top Finance Ministry official said on Monday. Led by state-run banks, the system has opened over 5 crore accounts under the Jan Dhan scheme as...
  • SBI accounts for half of mobile transactions in June: RBI September 18, 2014

    Mumbai: State Bank of India accounted for half of the total number of mobile transactions undertaken in June, while ICICI Bank became the first to surpass the Rs 1,000crore mark albeit with only a fifth of the registered users as the country's largest lender. State Bank of India's (SBI) account holders...
  • SBI takes lead in opening bank accounts under 'Jan Dhan Yojana' September 11, 2014

    New Delhi: State Bank of India has taken the lead in flagship Jan Dhan Yojana by opening over 30 lakh accounts so far, followed by Punjab National Bank. As of September 8, State Bank has opened about 21.16 lakh accounts in rural areas and 8.8 lakh accounts in urban areas,...
  • Cabinet reviews Jan Dhan scheme; banks open over 3 crore accounts September 10, 2014

    New Delhi: The Cabinet, headed by Prime Minister Narendra Modi, on Wednesday took stock of the financial inclusion drive, Jan Dhan Yojana, under which banks have opened 3.02 crore accounts and mobilised about Rs 1,500 crore. "As of September 8,2014, 3.02 crore accounts have been opened, of which 1.89 crore are...
  • PM Modi to launch his ambitious plan Pradhan Mantri Jan Dhan Yojana today August 28, 2014

    New Delhi: Prime Minister Narendra Modi's ambitious financial inclusion plan is all set to kick off on Thursday. The Pradhan Mantri Jan Dhan Yojana will be launched nationally in the capital by the Prime Minister himself. The scheme intends to accomplish the objective of housing for all by providing basic...
  • Modi to launch Jan Dhan Yojana on August 28; 1 crore bank accounts on day 1 August 26, 2014

    New Delhi: The government plans a mega launch of the Pradhan Mantri Jan Dhan Yojana (PMJDY) by Prime Minister Narendra Modi on August 28, which is likely to see opening of one crore bank accounts on the first day itself. As many as 76 mega functions are being organised at different...
  • Sebi orders banks to defreeze indvidual bank accounts June 3, 2014

    Mumbai: Sebi on Tuesday asked banks for defreezing bank and demat accounts of one D V Sekhar as the market regulator recovered Rs 1 lakh due from defaulter. The Securities and Exchange Board of India (Sebi), on January 15 this year, had attached bank and demat accounts of Sekhar to recover...
  • Minors over 10 years can operate bank accounts: RBI May 6, 2014

    New Delhi: Minors above 10 years of age can open and operate independently savings bank account and use other facilities like ATM and cheque books. The Reserve Bank on Tuesday issued the guidelines allowing minors to operate bank accounts independently with a view to promote financial inclusion and bring uniformity...
  • Switzerland not sharing information on bank accounts of Indians: Chidambaram March 27, 2014

    New Delhi: Upping the ante against Switzerland for not sharing information on Indians stashing money in its banks, Finance Minister P Chidambaram has threatened to drag the European nation to multilateral foras like G20 for continuing to block its requests. Chidambaram, in a terse two-page letter to his Swiss counterpart Eveline...
  • IT to act against those who have accounts in HSBC Geneva November 28, 2012

    New Delhi: The Income Tax department has decided to begin prosecution action against those having "substantial" amounts in their bank accounts in HSBC's Geneva branch. The department has now written to the Finance Ministry to suggest a benchmark for funds held on the basis of which the IT department can...
  • Black money: IT approaches Swiss authorities November 18, 2012

    New Delhi: The Income Tax department, probing the secret list of account holders in the Geneva branch of HSBC bank, has approached Swiss revenue authorities for banking data of certain individuals after investigations showed some of them reportedly had other accounts under fictitious names. The department, which approached the Finance Ministry...
  • Govt targeting the small fry, sparing the corrupt: Kejriwal November 10, 2012

    New Delhi: India Against Corruption (IAC) activistturnedpolitician Arvind Kejriwal has refused to accept the government's statement that explained that a probe had been initiated into the information provided by the government of France regarding several Indians who had accounts in foreign banks. Speaking to reporters, Kejriwal said he had five questions...
  • Govt counters IAC, says details on black money being probed November 10, 2012

    New Delhi: The government on Saturday countered India Against Corruption (IAC) activist Arvind Kejriwal's claims that it is not acting on the alleged black money list handed over by the French government in 2010. In a statement, the government said that the information received from the French government had been...
  • Congress MP Annu Tandon rubbishes Kejriwal's allegations November 9, 2012

    Congress MP Annu Tandon had rubbished all the allegations made by Arvind Kejriwal against her saying they are completely baseless and malicious. "I deny any such rubbish and whatever he is talking, I don't know about any such thing," she said. ...
  • Andhra HC raps Sakshi on new bank accounts August 9, 2012

    Hyderabad: In a setback to companies owned by Kadapa MP YS Jagan Mohan Reddy, the High Court on Wednesday imposed exemplary cost of Rs 1 lakh each to three miscellaneous petitions filed by Jagati Publications, Janani Infra and Indira Television Limited relating to a case of freezing of certain accounts...
  • Three bank accounts of Essar Oil frozen July 9, 2012

    Ahmedabad: The Gujarat government on Monday froze three bank accounts of Essar Oil Ltd (EOL) in Jamnagar following Gujarat High Court directives to expedite recovery of over Rs 8,000 crore in sales tax dues. "Three bank accounts of EOL have been frozen in Jamnagar district as part of the due...
  • Rajendra Prasad's bank account still active July 4, 2012

    Patna: A total of Rs 1,813 is lying unclaimed in a bank account that India's first president, Rajendra Prasad, opened a few months before he died. Rajendra Prasad opened his account in Punjab National Bank's Exhibition Road branch in Patna on October 24, 1962, a few months before he passed...
  • Ensure one a/c per family, Finance Ministry to banks June 18, 2012

    Mumbai: In an ambitious move, the Finance Ministry has asked banks to ensure that at least one person per family across the country has a bank account in the next six months. As per the 2011 census, only three in five families have a bank account...
  • Swiss A/C holders will be made public if we win: BJP May 30, 2012

    Washington: Bharatiya Janata Party would make public the names of 800 Indian account holders in Swiss Banks if it comes into power in the 2014 general elections, senior party leader Yashwant Sinha has said. "Of course, we will do. Of course, we will do," Sinha told a small audience at an...
  • CBI summons Jagan in disproportionate assets case May 23, 2012

    New Delhi: The CBI on Wednesday summoned YSR Congress chief Jaganmohan Reddy in connection with the disproportionate assets case. This is the first time that the MP has been summoned. Jagan had moved a petition in Andhra Pradesh High Court requesting exemption since he is not available due to the ongoing...
  • CBI move a prelude to attach Jagans assets? May 9, 2012

    HYDERABAD: Tightening its noose around Kadapa MP YS Jagan Mohan Reddys neck, the CBI on Tuesday reportedly froze the bank accounts of his three companies Jagathi Publications Pvt Limited, which publishes Saakshi Telugu newspaper, Indira TV, promoter of Saakshi TV, and Janani Infrastructure Ltd, which owns the premises used...
  • CBI freezes bank accounts linked to Jagan May 9, 2012

    New Delhi: The CBI has frozen the accounts of Sakshi TV and other media houses owned by Kadapa MP YS Jaganmohan Reddy. This as part of the probe against the Andhra Pradesh leader in an alleged disproportionate assets case. The CBI has approached banks for freezing accounts of Jagati Publications...
  • Switzerland to share bank a/c details with India April 30, 2012

    New Delhi: In a development that will boost the fight against black money menace, Switzerland has agreed to provide details of secret bank accounts of individuals sought by India even on the basis of limited information. Under a mutual agreement reached on April 20 between the two countries, Switzerland has agreed...
  • Jet Airways says to clear tax debt by Monday March 12, 2012

    Mumbai: Tax authorities have warned top Indian carrier Jet Airways its bank accounts will be frozen if it does not clear outstanding dues of about 690 million rupees, local media reported on Sunday. "They have 24 hours to make the payment, failing which their accounts will be frozen," SK Goel, chairman...
  • Delhi: Two foreigners arrested for hacking March 5, 2012

    New Delhi: Two foreigners were arrested in the capital for allegedly hacking the bank account of a confectionery company in New Delhi and fraudulently withdrawing about Rs 16 lakh. A laptop, mobile phone, fake South African passport and Indian Visa and other materials were recovered from Evans Ukah Mendi (34),...
  • AI accounts frozen for not paying service tax January 12, 2012

    New Delhi: The bank accounts of national career Air India were on Thursday frozen for not paying service tax. The bank accounts were frozen by the Central Board of Excise and Customs for non payment of service tax amounting up to Rs 25 crore. However, Air India has claimed that negotiations are...
  • Wary about secret bank accouts, IT asks for oath January 8, 2012

    New Delhi: In order to guard against possible leakage of names figuring in the secret bank accounts lists it has received from foreign shores, the CBDT has ordered the IT department to obtain a signed undertaking from any government entity or department who demands the data for their own probe. The...
  • SC allows Adarsh Society to open bank account December 9, 2011

    New Delhi: Scamtainted Adarsh Cooperative Housing Society of Mumbai was on Friday allowed by the Supreme Court to open a bank account in a nationalised bank for raising money for daytoday functioning. A Bench comprising justices HL Dattu and CK Prasad gave conditional permission to the Society directing it to submit...
  • Name MPs who have Swiss bank accounts: Varun Gandhi November 4, 2011

    BJP MP Varun Gandhi filed a RTI on Friday saying that the government needs to name the MPs who have Swiss bank accounts. ...