ESAF Small Finance Bank raises Rs 162 crore via preferential allotment
ESAF Small Finance Bank on Monday has raised Rs 162 crore as equity through preferential allotment of shares. As per the release, a total of Rs 2.18 crore shares were...
PNB@Ease, a digital initiative of Punjab National Bank launched
Punjab National Bank (PNB) has launched a digital initiative “PNB@Ease” under which every transaction undertaken by a bank branch will be initiated and authorised by customers themselves. This facility will...
RTGS services to be unavailable for 14 hours on April 18 due to technical upgrade:RBI
The Real-Time Gross Settlement (RTGS) service will not be available for 14 hours on Sunday due to technical upgrade. RBI has said the service will not be available from midnight...
Axis Bank adds “Send Money Abroad” feature to its mobile app
Axis bank customers can now send money abroad in over 100 currencies through their mobile application. Announcing the addition of the 'Send Money Abroad' feature to its Axis Mobile App,...
In 5 years, SBI charges 300 crores from zero balance accounts, violation of RBI rules: IIT Bombay
Many banks, including the country's largest bank SBI, charge higher charges on some services related to zero bankless or basic savings bank deposit accounts (BSBDA) and this is in violation...
‘Rewards 123’, new saving account announced by Airtel Payments Bank
Airtel Payments Bank on Friday announced its new savings account 'Rewards123' that offers benefits and value to customers when they transact digitally using the bank account. Customers can get 'Rewards123'...
Loan Moratorium: Banks will bear the burden of Rs 2000 crores due to interest waiver on interest
The Supreme Court, in its judgment on 23 March, stated that the loan moratorium cannot be extended further nor can the interest be completely waived during this period, but at...
SBI signs with Japan Bank loan agreement of 1billion USD
India's largest lender State Bank of India (SBI) has signed a loan agreement worth $1 billion with Japan Bank for International Cooperation (JBIC). The facility is co-financed by SMBC, MUFG...
Axis Bank to sell its subsidiary to OpenPay Holdings Ltd
Axis Bank will be selling its UK subsidiary to OnePay Holdings Ltd.The date for the completion of sale has been set at September 30, 2021 subject to approval from the...
Asiamoney named HDFC Bank India’s Best SME Bank
HDFC Bank has adjudged the ‘India’s Best Bank for SMEs’ at the Asiamoney Best Bank Awards 2021. The magazine said on its website – “HDFC Bank’s transformation of its micro,...
Indian Overseas Bank launches ‘ IOB Trendy’
Indian Overseas Bank (IOB) has launched ‘IOB Trendy’, a savings account customised for the growing millennial population in the country by keeping their banking preferences in mind. For opening an...
Bandhan Bank appoints two additional independent directors on its board:
Former International Finance Corporation executive Subrata Dutta Gupta and former IndusInd Bank executive Suhail Chander included on the board of Bandhan Bank. They have joined as additional independent directors and...
RBI Data: Bank credit grows by 6.63% while deposits go up by over 12% during fortnight ended February 26
According to RBI data Bank credit has risen by 6.63 percent to 107.75 lakh crore rupees and deposits grew by 12.06 percent to 149.34 lakh crore rupees in the fortnight...
S. Srimathy appointed as new executive director of Indian Overseas Bank
Indian Overseas Bank gets new executive director S. Srimathy. Beginning her career as a probationary officer at Canara Bank in November 1986, Srimathy has over 34 years of experience across...
HDFC bank to cover vaccination cost of employees and family members
HDFC Bank said in a statement that the bank will sponsor the inoculation of over 1 lakh employees of the bank and their immediate family members against coronavirus. The bank...
Erstwhile Syndicate Bank cheque books valid till end of June 2021
Canara Bank said cheque books issued by erstwhile Syndicate Bank branches and their IFSC or MICR codes will be valid till the end of June 2021. Canara Bank amalgamated Syndicate...
Mr. Ishraq Ali Khan appointed as new executive director of UCO Bank
The government has appointed Ishraq Ali Khan as the executive director of UCO bank. Khan, was chief general manager at UCO Bank prior to this new assignment, has taken charge...
“Wear N Pay” contactless wearable payment device launched by Axis Bank
Axis Bank on Wednesday launched the country's first contactless wearable payment devices to allow customers make on-the-go transactions more conveniently. Announcing the 'Wear N Pay' wearable devices brand, Axis Bank...
Banks unions call for two-day strike from March 15th against proposed privatisation of PSBs
United Forum of Bank Unions (UFBU), an umbrella body of nine unions, has given a call for a two-day strike from March 15 to protest against the proposed privatisation of...
State Bank of India cuts home loan rates to 6.7 per cent
State Bank of India cuts home loan rates to 6.7 per cent The offer will be available till 31st March of 2021 and the lender is also given 100% waiver...
Most Important Update for Account Holders of These Banks Which will be Applicable From 1st March 2021
Accounts of Dena Bank, Vijaya Bank, Allahabad Bank, Corporation Bank, Oriental Bank, Syndicate Bank and United Bank will be closed from 1st March, 2021. So the Cheques of these banks will be out-dated & will not be taken from 1st March, 2021 and pay-out will not be done. So please get new cheque books in these banks at the earliest. Request also to get the details of other bank mapped in Demat and trading accounts before 1st March, 2021.
Citibank just sent some lenders $900 million by mistake
Citi was serving as the so-called administrative agent between Revlon, the embattled cosmetics company, and its creditors. It mistakenly paid those lenders much more $8 million was the correct amount...
Rajasthan BANK HOLIDAYS LIST IN January 2021
Rajasthan BANK HOLIDAYS LIST IN January 2021
What is cryptocurrency?
Cryptocurrency is digital money or we can say that it is a digital asset. That means there’s no physical coin. It’s all online. You can transfer cryptocurrency to someone online...
SEBI’s proposal to sign Bilateral MoU between India and Luxembourg approved by Cabinet
SEBI’s proposal to sign Bilateral MoU between India and Luxembourg approved by Cabinet
RBI PANEL RECOMMENDS LARGE NBFCS, WITH ASSET SIZE OF 500B RUPEES & ABOVE MAY BE CONSIDERED FOR CONVERSION INTO BANKS AFTER 10 YRS OF OPS
RBI releases the Report of the Internal Working Group to Review Extant Ownership Guidelines and Corporate Structure for Indian Private Sector Banks The Reserve Bank of India had constituted an...
Jaipur and New Delhi based startups to be part of RBI
regulatory sandbox programme
Reserve Bank of India has announced the names of two startups that have been selected as a part of its regulatory sandbox programme. The two companies are Jaipur based Natural...
RBI announces amalgamation of The Lakshmi Vilas bank Ltd and DBS Bank India Limited (DBIL)
RBI announces amalgamation of The Lakshmi Vilas bank Ltd and DBS Bank India Limited (DBIL) RBI announces the draft scheme of amalgamation of The Lakshmi Vilas Bank with Delhi based...
Reserve Bank of India places Lakshmi Vilas Bank Ltd
under moratorium
Reserve Bank of India places Lakshmi Vilas Bank Ltd under moratorium Withdrawals from this bank have been capped at Rs. 25,000 per month till further order. If you want to...
Centre extends Emergency Credit Line Guarantee Scheme till Nov 30
Centre extends Emergency Credit Line Guarantee Scheme till Nov 30 Union Government has extended the Emergency Credit Line Guarantee Scheme (ECLGS) by one month till 30th of November or till...
