Banking

Banks in the country will be closed for a total of 12 days in the shortest month. February 2022 started off with a wham, as Feb 1, 2022 was marked as the Budget Day, when Finance Minister Nirmala Sitharaman presented the Union Budget…

PNB Beats ICICI, HDFC In Profit Growth: Earned Rs 12.5 Crore/Day In Last 90 Days As per the latest report on Thursday, the State-owned Punjab National Bank reported a 123 percent year-on-year (YoY) jump in net profit at Rs 1,126 crore…

ICICI Bank Earned Rs 68 Crore Per Day In Last 90 Days: Net Profits Jumps By 25% (Full Quarterly Results) ICICI Bank reported 25% growth in net profit for the December quarter, exceeding estimates. Exceeding Expectations It made…

Citigroup Exits This Country After 20 Years Of Banking; Focus Only On US Retail Banking While ending its 20-year retail presence in the country, Citigroup Inc (C.N) said that it will exit its Citibanamex consumer banking business in…

Pay Rs 20 Plus GST For These IMPS Transactions; IMPS Limit Increased To Rs 5 Lakh India's largest public-sector lender, State Bank of India, has now increased the IMPS (Immediate Payment Service) transaction limit to Rs 5 lakh according…

Online banking transactions will continue to function. The RBI has released its list of bank holidays in 2022, which include the second and fourth Saturdays and all Sundays. These are the seven weekly offs. Aside from that,…

Rs 6000 Crore Scam Hits Bank Of Baroda, FIR Filed: Find Out How Rs 6000 Crore Was Sent Abroad Illegally As per the latest development, CBI has filed two supplementary chargesheets in connection with alleged illegal remittance of…

One can open such an account in any private or public sector banks. People are increasingly turning to savings accounts to put their money in instead of fixed deposits. Why Opt For A Savings Account? A savings account offers…

The charges will come into effect from Jan 1. India Post Payments Bank (IPPB) will levy a charge on cash withdrawals and deposits from January 1, 2022. How It Will Work The charges will be imposed on account holders who have…

It was resolved at Rs 1,61,820 crore resulting in a loss of Rs 2,84,980 crore. Public sector banks have lost nearly Rs 2.85 lakh crore owing to loan dues of 13 corporates. How It Happened The losses rained down even though banks…

It says that this has hurt its business in what it considers a key market. Visa Inc has complained to the US govt that its business is getting affected by India's backing of RuPay. No Level Playing Field While in public Visa has…

The bill would pave the way for two public sector banks to be privatised. Indian Overseas Bank (IOB) and Central Bank of India (CBoI) have said that there is no information regarding the reported privatisation of both. Why The…

Members and non-members of such entities are advised by the RBI to be cautious of cooperative entities using the term 'Bank' in their names. After reports of certain cooperative societies extending the word ‘Bank’ in their names, while…

CyberX9 is of the view that attackers may have even exploited the vulnerability in PNB’s server, and infiltrated into their systems. The Chandigarh-based cybersecurity firm CyberX9 has brought to light in its report, a vulnerability in…

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…