Banking

COVID-19 Vaccine Can Come Up By September 15th; But Will It Be Effective? The drugmakers competing fiercely for the launch of a COVID-19 vaccine and its effectiveness based on its early data are also engrossed in meeting the targets set…

Centre to Supreme Court that EMI moratorium on repayment of loans can be extended upto 2 years. We have a follow up news on the moratorium on repayment of loans allowed by the government due to the coronavirus pandemic. The Centre…

Open Axis Bank Account, Get Insurance Policy With Video KYC: How It Works? Insurance Regulatory and Development Authority (IRDAI) has permitted life as well as general insurers to use the Video-Based Identification Process (VBIP) for…

Chinese Used Paytm Gateway For Running Online Betting In India; PMLA Imposed After raiding 15 locations across Delhi, Gurgaon, Mumbai, and Pune, under various sections of the Prevention of Money Laundering Act (PMLA) some companies…

5 major public sector banks, including SBI and PNB are ready to sell their shares to institutional investors for bolstering their capital base. Public sector banks have been the hot shot of the hour. Not only have they been on the…

UPI's International Expansion Planned: Can UPI Beat Mastercard, Visa Globally? After a year of planning for overseas expansion, the National Payments Corporation of India (NPCI) has now launched a new entity NPCI International Limited…

These 4 PSU Banks Will Be Sold To Private Firms Before March 2021; PMO Intervenes The Centre has asked the officials to hasten the privatization process of at least 4 primarily state-owned banks within FY 2020-2021, according to two…

Ministry of Railway makes it clear that the train fare decided by the associated private concessionaire will not be required to run by a government regulator. In 2017, the government approved setting up a Rail Development Authority…

SBI Account Holders Can Get Rs 5000 Pension/Month Under Atal Yojana: How To Apply? Now you can join Atal Pension Yojana (APY) sitting at home if you have an account in the State Bank of India! Read on to find out how... What is…

The current conditions of public sector banks are shaky and must be immediately attended to. 3 advantages of privatizing public sector banks. With news gushing in from every direction and with perspective about the privatization of…

Banks Will Not Open New Accounts For These Customers; RBI Enforces 'Discipline'? The Reserve Bank of India (RBI) has set some new conditions for the banks to opening current accounts for large borrowers with a view to enhance credit…

Fake Whatsapp Forward: Privatisation Of Govt Banks Will Endanger Your Savings Social media has a massive impact on not just our physical lives but also our mental ones. What we see or read, we mostly consider it to be true. This has…

RuPay Credit Card By SBI, IRCTC Launched: Get 10% Cashback On AC Tickets! On July 28, the State Bank of India (SBI) and Indian Railway Catering and Tourism Corporation Ltd (IRCTC) launched the IRCTC-SBI Card on RuPay platform. Read…

Teenagers Can Now Pay Online Without Bank A/C! India's 1st Numberless Card Launched FamPay is India’s first neo-bank or payment app that offers cashless facilities for teenagers. Now it has launched the first numberless card, FamCard.…

Only 4 Govt Banks Now? Govt Determined To Sell PSU Banks, PSU Firms To Raise Money The number of public sector banks (PSBs) could be shrunk from 12 to 4 now, via privatisation or consolidation. On July 22, Department of Investment…

15% Salary Hike For 8.5 Lakh Bank Employees Approved; Both Private, Public Banks Covered The representative body of management banks in India, Indian Bank Association (IBA) and United Forum of Bank Unions (UFBU) have reached an…

India Will Have Only 5 PSU Banks As 50% Of All Govt Banks Will Be Privatized: The Big Plan The Finance Minister Nirmala Sitharaman had last year decided to merge 10 public sector banks into four banks, thereby strengthening the…

HDFC Bank Forcefully Sold Costly GPS Machine To Auto-Loan Customers; Action Taken Against Staff The HDFC Bank has pushed the car loan customers to buy GPS devices costing Rs 18,000-19,500 from for the past 4 years which ended in…

SBI Lost Rs 1.2 Lakh Crore Due To Bad Loans; Recovered Only Rs 8969 Crore In 8 Years! The State Bank of India has written off Rs 1.23 lakh crore, but has recovered just Rs 8,969 crore or just over 7% over the past 8 fiscal years. …

SBI Employees No Longer Needed At Branch As 'Work From Anywhere' Policy Finalised; Rs 1000 Crore Will Be Saved! The country’s largest lender, State Bank of India (SBI) has some major news disclosed to the shareholders at its 65th Annual…