Banking

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…

SBI Chairman's Salary Is 98% Less Than HDFC MD's Salary! Find Out How Much They Earn According to the latest annual report released by HDFC Bank, its Managing Director (MD) Aditya Puri took home a total remuneration of Rs 18.9 crore in…

Google Pay Beats Paytm, Becomes #1 Payment App; Google Says No Law Being Broken Google Pay has topped the India’s payments market over its rivals PhonePe, Amazon Pay and Paytm. Although, its biggest challenge is yet to come! …

Architect Of UPI From NPCI Joins Paytm: Big Boost For Paytm's UPI Ambitions? Paytm Payments Bank has roped in Anubhav Sharma who was heading Unified Payments Interface (UPI) and Immediate Payment Service at the National Payments…

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…