BREAKING: RBI slaps Rs 5 crore fine on Axis Bank
The Reserve Bank of India (RBI) has imposed a fine of Rs 5 crore on Axis Bank for violating the rules. The penalty has been imposed for "violation/non-compliance" of certain...
Big decision of the central government, if the bank sinks, now the account holders will get money within 90 days
In order to secure the earnings of the account holders in the event of the bank sinking, the cabinet today approved amendments to the Deposit Insurance Act. With the help...
SBI Alert! If Customers do not follow this rule by September 30, then they may have to lose their banking services
While PAN-Aadhaar linking is mandatory for everyone, SBI has specifically sent alerts to its customers asking them to do so so that they continue to enjoy uninterrupted banking services. SBI...
Mandatory e-filing of pleading before DRT/DRAT if debt to be recovered is Rs. 100 crores or more
The GOVT. has made amendment to The Debts Recovery Tribunals and Debts Recovery Appellate Tribunals Electronic Filing Rules, 2020. Amendment has been made to rule-3 whereby e-filing of pleadings before...
Bank Alert! IFSC Codes Changed by Many Banks, Update Details for Banking
Account holders note that if you have any standing instructions or schedule payments, remove them first. The banks which are being merged are as follows -Syndicate Bank merged with Canara...
Important Notice: SBI Account Holders Link their PAN with Aadhaar
We advise our customers to link their PAN with Aadhaar to avoid any inconvenience and continue enjoying a seamless banking service.
RBI New Rule: RBI changed these rules related to Fixed Deposit (FD) in Banks
If you have got Fixed Deposit (FD) in banks, then there is an important news for you. This new rule of RBI related to fixed deposits will be applicable on...
RBI: Interest Equalization Scheme on Pre and Post Shipment Rupee Export Credit – Extension
All Scheduled Commercial Banks (excluding RRBs), Small Finance Banks, Primary (Urban) Cooperative Banks and EXIM Bank Dear Sir / Madam, Interest Equalization Scheme on Pre and Post Shipment Rupee Export...
IndusInd Bank launches “IndusEasy Credit” a digital lending platform
IndusInd Bank launched ‘IndusEasy Credit’, a comprehensive digital lending platform that enables customers to meet their financial requirements from the comfort of their homes. With this, both existing, as well...
Government may privatize Central Bank of India and Indian Overseas Bank: Report
The Times of India has reported that the central government may sell its stake in Central Bank of India and Indian Overseas Bank under the policy of privatization announced during...
RBI alerts people who use NEFT for money transfer
The Reserve Bank of India (RBI) has sent an alert on Monday to those who use the National Electronic Fund Transfer (NEFT) service for online money transfer. The RBI has...
SBI Account Transfer Online : How to change online SBI savings account branch ?
Change SBI Branch Online How to change SBI branch online? Visit State Bank of India official website – www.onlinesbi.com 2. If you already use Internet Banking, then login to Personal Banking....
Big news for Google Pay users, this special feature can start soon
NFC-enabled transactions are more intuitive and convenient. Many fintech companies are working on NFC payments as it allows transactions without the use of an Internet connection. Given the need for...
SBI is providing the facility to update KYC sitting at home, account will be closed after December 31 – know process
Good news. The central bank RBI has asked all the banks not to freeze the bank account of anyone till 31 December 2021 in case there is no KYC updte...
State Bank of India (SBI) services will be interrupted for some time tonight, SBI has given information about it by tweeting
According to the information given by SBI, some banking services of SBI were disrupted due to maintenance activities from 10:15 pm on Friday, May 7 to 01:45 pm on May...
Muthoot Finance Limited partners with NIRA
The Muthoot Finance Limited announced its collaboration with fintech NIRA as part of its strategy to strengthen its digital footprint. Through this partnership, salaried customers can avail personal loan of...
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...