Banking

SBI Customers Won't Be Able To Use Some Banking Services If They Don't Do This Before June 30 While sharing important information with its customers, the State Bank of India (SBI) has stated that failing to adhere to the norm by June 30…

Some of the holidays in the list are observed only in certain territories and not nationwide.  There will be 9 bank holidays for the month of June. These include 2nd and 4th Saturdays and all Sundays when all banks are…

Starting today, BoB customers will have to mandatorily grant ‘Positive pay confirmation’ to conduct cheque payments of Rs 2 lakh and above. Bank of Baroda has made certain significant changes to its cheque payment rules, which will…

The rise of 7.2% of circulated banknotes can be attributed to people preserving cash for the pandemic. 912 mn soiled notes were pulled from circulation. RBI reported that there was a rise in circulation of banknotes in 2020. …

#Covid19: Big Private Banks Seek Loan Moratorium For Customers Due To 2nd Wave On Tuesday, the chiefs of private sector banks met with Reserve Bank of India Governor Shaktikanta Das to pitch for a limited moratorium of payments…

Those without a credit score in the US can now obtain credit cards from major issuers after review of their financial history proves their credit worthiness. Those without a credit score in the US can now obtain credit cards from major…

Bank Of Baroda Will Stop Cheque Frauds With This New, Compulsory System: What Is Positive Pay? In order to circumvent cases of fraud due to the payment made through cheques, ‘Positive pay confirmation’ shall be made compulsory by Bank…

ICICI Bank bags the highest number of new credit card users in the last quarter of FY21, ending March 2021. In December last year, the banking regulator, Reserve Bank of India (RBI) prohibited the country’s largest private lender, HDFC…

The sale of IDBI Bank is underway as transaction advisers will soon be appointed. LIC is expected to file an IPO in the Jan-Mar quarter of 2022. The sale of IDBI Bank is underway as transaction advisers will soon be appointed. …

Bank of Baroda has launched Whatsapp banking, on-call services and mobile app banking initiatives for customers who cannot physically go to the branches. Bank of Baroda has launched 3 digital initiatives for customers to access as they…

2,118 Branches Of 10 Govt Banks Closed Down Or Merged In Last 365 Days; Employee Union Condemns In the massive consolidation drive of August 2019, ten public sector banks were merged into four, bringing down the total count from 27 to…

The government of India (GoI) along with LIC will dilute a certain extent of their stakes in IDBI Bank after consultation with RBI. The Cabinet Committee on Economic Affairs (CCEA) has approved for IDBI Bank to be disinvested to private…

RBI has restarted a one time scheme  in which retailers and small businesses can restructure their loans without risk of downgrading to non performing category. RBI has restarted a one time scheme in which retailers and small…

RBI ruled that the shift in categories of its securities was made in May 2017 without explicit permission from the apex bank, hence incurring the fine. RBI has imposed a Rs 3 crore penalty on ICICI Bank for violating certain…

SBI has issued a tweet alerting bank customers to never scan a QR code if they are told they will be credited money when they do so.  SBI has issued a tweet alerting bank customers to never scan a QR code if they are told they will be…

SBI had made OTP mandatory for customers logging in to their accounts online, in a move aimed towards making online banking safe. SBI had made OTP mandatory for customers logging in to their accounts online, in a move aimed towards…

Savings account holders with Axis Bank will have to pay more for ATM withdrawals, SMS alerts and have to maintain a higher minimum balance in their accounts Savings account holders with Axis Bank will have to pay more for ATM…

ICICI Bank has announced that each of its equity shares would fetch a dividend of Rs 2 after it reported an incredible 260% on-year net profit growth. ICICI Bank has announced that each of its equity shares would fetch a dividend of Rs…

SBI asks its customers of beware of fraudsters contacting them for loans, from a fake company. The country’s largest commercial bank, State Bank of India (SBI) has notified its customers of rounds of fraudulent loan offerings…

TransUnion Cibil has developed an eligibility score for potential credit customers who have no formal credit history. TransUnion Cibil has developed an eligibility score for potential credit customers who have no experience carrying…