Banking

This is beneficial to customers who can save time and money using a single point of contact. RBI has launched the Integrated Ombudsman Scheme which introduces the 'One Nation-One Ombudsman' system to strengthen the grievance redressal…

Digital payments are inaccessible to about 15 crore people who do not have a bank account. Five years after the demonetisation drive abruptly began on November 8, 2016, notes in circulation (NIC) in value terms have increased by 64% as…

None of the bidders have offered stocks, and have submitted all-cash bids. Kotak Mahindra Bank, Axis Bank and IndusInd Bank are bidding to buy Citi’s consumer business in India. Quitting The Retail Business Citi bank is planning…

Govt Wants To Sell PSU Banks To Foreign Investors, NBFCs Like Bajaj Finance, Shriram Capital Reportedly, the Centre and the Reserve Bank of India (RBI) are having discussions over a special framework for facilitating privatization of…

The bank has to pay a monetary penalty of Rs 1 crore. RBI has penalised State Bank of India (SBI) for non-compliance with some of its directions. The bank has to pay a monetary penalty of Rs 1 crore. The Charges The…

Total income stood at Rs 38,754 crore during the quarter HDFC Bank on Saturday reported its consolidated net profit at Rs 9,096 crore for the second quarter ended September 2021. This an 18% increase from the consolidated net profit…

Use SBI Cards On Amazon, Flipkart & Get 10% Cashback! SBI's Festive Offer Starts From This Date (Full Details) This festive season comes with many offers from credit and debit card issuers. Joining the league, on Wednesday,…

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…