Banking

The hiring program will take place over the next 6 months. HDFC Bank is planning to increase its rural presence and to that end will hire 2,500+ people. The move comes after Finance Minister Nirmala Sitharaman asked lenders to step…

The bank is gearing up to launch new products ahead of the festive season. HDFC Bank has issued over 400,000 credit cards as of September 21 after a ban imposed by RBI last December was lifted. The ban which forbade HDFC Bank from…

credit/debit card payments Soon, online payment using credit, debit cards will be much safer as your card details will no more be saved on merchant sites like Amazon, Flipkart from January 2022. So there will be no fear of data theft…

YES Bank, Visa Joins Forces For Offering 9 Different Credit Cards In India! (Full Details) For providing the facilities such as credit cards and enhance payments efficiency, Yes Bank has announced its partnership with Visa as a payment…

In the spirit of the upcoming festival season, Bank of Baroda has announced to offer a series of interest rate cuts on its loan verticals. With the festive season around the corner, companies and institutions across all sectors are…

It later diverted the funds causing a loss of Rs 1528.05 crore The Central Bureau of Investigation (CBI) has booked a Delhi-based private firm Indian Technomach for conspiring to defraud several banks. The Accused It is being…

Bank Of Baroda Beats HDFC, SBI, ICICI In Digital Payment Scorecard; #1 In Offering e-Payments With 0.29% Decline Rate As per the recent announcement, Bank of Baroda has Ranked #1 with a total of 86% score on the scorecard issued by the…

Port-In Or Port-Out To Your Favourite Cooking Gas Provider! You Can Switch Between LPG Companies Now When there is competition in the market, when service providers know that they can lose their customers for any slack in the service,…

They can then gain a better understanding which can help smoothen transactions. 8 Indian banks will roll out something called the Account Aggregator (AA). What Is It? This is a system which will collect consumer's financial…

Bank of Baroda (BOB) had previously announced a lifetime free credit card offer for those who apply in August. Now, the bank has made a reversal by announcing a devaluation in rewards and benefits on Easy, Swavlamban and Select…

These instructions will come into effect from January 1, 2022. The RBI has called for banks to keep a branch-wise list of vacant lockers along with a wait-list for allotment of lockers. Banks were also directed to ensure…

In the next step, 3 out of the 5 suitors will be shortlisted. Citi India has 5 banks vying to buy its $2-billion retail business. What's At Stake? The retail business revolves around its portfolio of credit cards, mortgages,…

This will go into effect from October 1, 2021 onwards. RBI has announced that it will pose a penalty to banks if they fail to replenish cash in ATMs. Quantum Of Penalty A penalty of Rs 10,000 per ATM will be levied on banks if…

This incident prompted the bank to explain that it was a typo and that it regrets the error. HDFC made the news for the wrong reasons as a job posting it placed in a newspaper went viral. What The Ad Said The job ad invited…

The privatisation of India's first insurance company could take place next year. The Union Cabinet has given the go-ahead to make amendments to the General Insurance Business (Nationalisation) Act. Amendment To Remove Govt’s Stake …

This should come as a relief as one will no longer have to wait if the first day of a month falls on a weekend. Come August 1, critical banking transactions such as salary, pension and Equated Monthly Installment (EMI) payments will…

The new rates will come into effect from January 1, 2022. RBI has greenlit a hike in ATM transaction charges imposed by banks to Rs 21 per transaction. Rs 21 is the upper limit to which banks can increase charges after customers…

The privatisation of two state-owned banks and one general insurance company could be shifted to the upcoming financial year. In the Union Budget meet on February 1, FM Niramala Sitharaman announced the government’s plan to conduct…

Deloitte and SBI Caps have been appointed as pre-IPO transaction advisors. The Union Cabinet has approved the disinvestment of LIC, India's largest insurer. A panel led by the finance minister will decide the quantum of stake to be…

This is a record number of banks fined by the regulator on a single day. RBI has penalised 14 banks including Bandhan Bank, Bank of Baroda and State Bank of India (SBI) for multiple rule violations. This is a record number of banks…