Banking

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…

Mega-Merger Of PSU Banks Can Be Stopped Due To Coronavirus? Officers' Unions Request Govt With many Indian businesses and markets impacted due to the Covid-19 pandemic, the banking services as well are impacted as a lockdown has been…

#Coronavirus Impact: HDFC, SBI Will Deliver Cash At Your Home (Find Out How?) Do you want to withdraw cash urgently but finding it difficult to go to the ATM due to the lockdown? Worry not! The banks will now come to your doorstep to…

Bye-Bye Free UPI Transfers: Kotak, Axis Bank Will Charge Rs 5 Per UPI Transfer Beyond 20 Transactions/Month Axis Bank and Kotak Mahindra Bank have announced charges beyond 20 peer-to-peer fund transfers via UPI April 1, 2020…

Govt Allows Cash Withdrawal Via UPI: Find Out Charges, Cash Withdrawal Limit & More! The National Payments Corporation of India (NCPI) has finally allowed cash withdrawal at merchant locations via Unified Payments Interface (UPI)…

Banks Lost Rs 6.6 Lakh Crore As Bad Loans Under PM Modi: 3-Times More Than Congress' Rule The Modi Government in a bad light! As per Reserve Bank of India (RBI) data, Banks operating in India have written off bad loans worth Rs 660…

RBI Will Control 1,540 Cooperative Banks With 8.5 Cr Customers, Rs 5 Lakh Cr Deposits; But Why? In an attempt to address weaknesses in the cooperative banking sector and avoid duplication of scams like The Punjab and Maharashtra…

Paytm, Google Pay, PhonePe Users Without KYC Can Now Use Services; RBI's 'Low KYC' Norm Will Allow Transactions Upto Rs 10,000 Increasing prevalence of the Unified Payment Interface (UPI) applications have seen to be the new backbone of…

16 Days Of Bank Holidays In January 2020: These Are The Days Banks Will Be Closed For bank employees, 2020 will start on a happy note, as there are 16 holidays for them in the month of January. However, this may cause some severe…

RBI Will Take Control Of 1,551 Urban Co-operative Banks Having Business Of Rs 7 Lakh Crore: What Does This Mean To Customers? It has been reported that the Central GST collection has fallen short of the budged estimate by nearly 40%,…

HDFCBankDown Since 48 Hours; Netbanking, Mobile App Paralysed, Customers In Uproar India’s 2nd largest private bank: HDFC Bank is giving some sleepless nights to its customers. Since the last 48 hours, their servers are down, and net…