Banking

2.57 Lakh SBI Employees Can 'Work From Anywhere' To Serve Customers; Work From Home Policy Changed? With ‘Work from Home’ becoming the new work ethic, financial institutions too have started to slowly but steadily blend into it. …

UPI, NEFT, IMPS For International Transactions? RBI Wants Payments To Cross Borders! Many countries that are attracted by the low-cost digital payment products in India have expressed interest in replicating India’s products based on…

More PSU Banks Will Be Privatised: Bank of Maharashtra, Indian Overseas Bank, Punjab & Sind Bank On The List The Finance Minister Nirmala Sitharaman had last year decided to merge 10 public sector banks into four banks, thereby…

SBI Becomes #1 Bank For UPI Transactions: 1.3 Billion UPI Transactions IN 4 Months! Data released by the National Payments Corporation of India (NPCI) shows that the State Bank of India (SBI) has cornered the maximum share of Unified…

This Govt Scheme Can Give Senior Citizen Couples Rs 18,500 Pension/Month For 10 Years Fixed deposits and monthly pension schemes are two most popular investment options for senior citizens. Speaking of pension schemes, one such is…

EMI Moratorium Of 6 Months On Rs 30 Lakh Loan Is Rs 11 Lakh Extra Interest! (Compare The Difference) The Reserve Bank of India (RBI) in a press conference dated March 27, 2020 announced an EMI moratorium of 3 months on repayment of term…

Canara Bank's Emergency Loans For Entrepreneurs: Pay EMI After 6 Months, No Security Needed The COVID-19 pandemic has affected many businesses across many industries all over the country. The Reserve Bank of India (RBI) has introduced…

RBI Extends EMI Moratorium For Next 3 Months: You Can Delay EMIs Till August End The Reserve Bank of India (RBI) had announced the moratorium on the loan EMIs starting on March 1, 2020 for a period of 3 months i.e. till May 31, 2020. …

Now Open A Bank A/c Using Video KYC: Kotak Mahindra Bank Launches India's 1st Zero-Contact Saving A/c In January 2020, the Reserve Bank of India amended the Know Your Customer (KYC) norms and introduced the video-based KYC option to…

SBI Will Refund All Fraud Cases Of ATM Cloning: This Is How You Can Take Refunds Instances of use of cloned ATM cards have been reported in Delhi on Tuesday, as reported by the State Bank of India. The bank has assured all the affected…

Axis Bank, Kotak Mahindra Suddenly Cuts Credit Limits By 90%: Banks Losing Trust In Customers? Axis Bank and Kotak Mahindra Bank have reduced credit card limits of their customers upto 90% so as to reduce repayment risk. Read to…

Reliance Plans India's Biggest Rights Issue; Aims To Raise Rs 53,215 Crore Via Rights Offer At Rs 1257 A Share Mukesh Ambani’s Reliance Industries Limited is planning to raise a whopping Rs. 53,125 crore with the help of a rights offer.…

PSU Bank Employees Will Get Rs 20 Lakh Insurance Against Coronavirus; Is This Enough? The Finance Ministry on April 20 declared that the Public Sector Banks (PSBs) have provided insurance cover to employees in case of an unfortunate…

#Coronavirus Panic: Cash Withdrawal Increased By 4-Times In March As Indians Hoarded Cash As India went into a 21-day lockdown from March 26, panic ensued all over the country. The people withdrew almost 4-times more cash from bank…

SBI Employees Trigger Fake #Coronavirus Panic To Shut Down Branch; Collector Takes Action Earlier this month, the Indian Government had asked the banks to start its operations with a full workforce to handle relief measures amidst the…

SBI, HDFC, ICICI Bank Warns About EMI Fraud To Steal Your Money: Stop Doing This Right Now! Last month, to ease the burden of EMIs during the lockdown period, the Reserve Bank of India (RBI) had announced a three-month moratorium on all…

Coronavirus: Govt Orders Banks To Open All Branches; Employees Not Happy, Fear Infections The Indian Government has asked the banks to start its operations with a full workforce to handle relief measures amidst the Novel coronavirus…

PNB Expects Rs 5000 Cr 'Slippages' In Q4; But No Employee Will Be Fired Due To Mergers The Punjab National Bank (PNB) Merger with United Bank and Oriental Bank of Commerce came into effect from April 1, 2020. S S Mallikarjuna Rao,…

#Coronavirus: Pay Your Credit Card Bill After 3 Months; Tenants Can Pay House Rent After 30 Days Two days back, the Reserve Bank of India (RBI) in a press conference announced a moratorium on the loans outstanding from March 1, 2020. …

#Coronavirus: Banks Customers Allowed To Delay Loan EMIs By 3 Months (Details Inside) The lockdown announced by PM Modi for a period of 21 days to curb the spread of Covid-19 pandemic has brought the Indian businesses and market to a…