banking

Private lender Kotak Mahindra Bank has recorded the highest number of bank frauds in the Apr-Dec 2021 period The number of bank frauds in the country has drastically reduced from Rs 61,229 crore in 2016-17 to Rs 648 crore in the first…

Good News For 40 Crore SBI Customers: IMPS Is Free Upto Rs 5 Lakh; But Pay Rs 20 For Branch Visit Reportedly, India’s largest public-sector lender, the State Bank of India (SBI) has increased the limit on its immediate payment service…

HSBC considers Asia a major investment centre, stating that the wealth in Asian markets is growing twice as fast as other regions of the world. The London-based investment banking company HSBC is exploring to re-enter the Indian private…

As per the report, states with more bank accounts have witnessed a proportional reduction in crime rates, along with a meaningful drop in consumption of alcohol and tobacco. In a report drafted by Soumya Kanti Ghosh, the group chief…

RBI has invited NBFCs to submit applications for being permitted to authenticate clients' Aadhaar e-KYC. The Reserve Bank of India in an announcement on Monday, has invited NBFCs (Non-Banking Financial Companies), payment system…

SMEs, Small Businesses Suffer As Banks Forced To Close Their Current Accounts: Find Out Why This Happened? The latest reports reveal that the Reserve Bank of India's (RBI) circular to banks for the ‘need for discipline’ led to the…

YONO 2.0: SBI Will Offer Instant Loans With Zero Documents Based On User Profiles, Analytics (No Branch Visit Needed!) The country’s largest lender, State Bank of India (SBI) has announced working on developing a new version of…

All the customers of Canara Bank have been informed that from 1 July 2021, IFSC codes of Syndicate Bank shall be disabled. All the customers of the Syndicate Bank have been told to update their Bank Branch’s IFSC code by 30 June. …

SBI has issued a tweet alerting bank customers to never scan a QR code if they are told they will be credited money when they do so.  SBI has issued a tweet alerting bank customers to never scan a QR code if they are told they will be…

Recently, CitiBank has decided to quit the Indian market. This exit of the giant has created an opportunity particularly for those domestic private banks that are looking to scale up their credit card business. Meanwhile, SBI cards,…