BANKS NEWS

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Must Read: These Six Big Changes From Today

SBI’s Home Loan Costlier The country’s largest bank State Bank of India (SBI) will increase its internal benchmark lending rate (EBLR) by 0.4 per cent to 7.05 per cent. Whereas RLLR will be more than 6.65 per cent. According to SBI’s website, the 10 bps increase in MCLR will also be applicable from June 1. …

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Bank Alert: Banks Will Be Closed For 12 Days in June 2022

Bank Holiday List June 2022: These holidays include Sundays/ second and fourth Saturdays. However, let us tell you that during these holidays the online services of banks will continue, that is, you will be able to do your banking related work sitting at home. Let us inform here that bank holidays can also differ from one …

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Alert: This Big Change is Happening in Punjab National Bank From Today

Alert: This Big Change is Happening in Punjab National Bank From Today

Cheque payment verification will be mandatory It is worth noting that since this rule applicable in PNB, it will be compulsorily verified at the time of issuance of cheque for payment. Without verification the cheque will not be passed under any circumstances. That is, this cheque will be returned without verification. Let us inform that …

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Banking Frauds Of 100 Crores Daily in India: RBI Claims

Banking Frauds Of 100 Crores Daily in India: RBI Claims

The country has lost Rs 100 crore everyday in the last seven years due to bank frauds. However, this loss amount is declining year after year. According to RBI, 83 per cent of banking fraud cases in the country are in just five states. Maharashtra tops it with 50 per cent, while Delhi is in …

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These Eight Rules Changing From April Will Have Direct Impact On Your Pocket

These Eight Rules Changing From April Will Have Direct Impact On Your Pocket

Tax on PF account From April 1, the existing PF account can be divided into two parts, which will also be taxed. According to the rules, there will be no tax on contribution up to Rs 2.5 lakh in PF account. Interest earned on contributions above this will be taxed. GST e-Invoicing The Central Board …

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To Save Tax, Make Investment Strategy Like This At Last Moment

To Save Tax, Make Investment Strategy Like This At Last Moment

You can save tax by investing here ELSS: Equity Linked Savings Scheme (ELSS) is also known as Tax Saving Mutual Fund. You can invest in it through fund houses. On this one can save tax up to 1.50 lakh annually under section 80C of Income Tax Act. But, next time you should consider investing in …

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This Big Change To Happen in Axis Bank

This Big Change To Happen in Axis Bank

For customers who have salary or savings account in Axis Bank, new rules are being implemented from April 1, 2022. The bank has increased the limit of minimum balance in savings account from 10 thousand to 12 thousand rupees. According to the information given on the website of AXIS Bank, the bank has also changed …

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Bank Alert: Banks Will Be Closed For 4 Consecutive Days

Bank Alert: Banks Will Be Closed For 4 Consecutive Days

Banks across the country will remain closed for the next four days from Saturday due to the strike of various employees union in protest against other government decisions including privatization of banks. Various employees’ unions have called for a two-day strike on March 28-29. At the same time, the banks will be closed on 26 …

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Bank Holidays: Settle The Work Related To Bank Soon

Bank Holidays: Settle The Work Related To Bank Soon

If you have any big work related to the bank in recent times, then it will be beneficial to do it before Holi. Actually, this week banks will be closed for four consecutive days. This week is the festival of Holi, due to which there will be no work in the banks and banks will …

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There Was No Loss To Public Sector Banks in Last Three Quarters: Government

There Was No Loss To Public Sector Banks in Last Three Quarters: Government

On behalf of the Central Government, it was told in the Rajya Sabha that in the last three quarters, no public sector bank has suffered losses, that is, their health has become better. Apart from this, the profit of all public sector banks stood at Rs 48,874 crore during this period.  Minister of State for …

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Big Relief: RBI Lifted Restrictions On HDFC Bank. Know Details Here

Big Relief: RBI Lifted Restrictions On HDFC Bank. Know Details Here

The Reserve Bank of India has lifted all restrictions on private sector HDFC Bank’s Digital 2.0. Information in this regard has been provided by the bank to the stock exchange. It has been said by the bank that after the lifting of the ban, it can resume all types of digital initiatives.  HDFC Bank on …

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Want To Close Personal Loan Pre-maturely? Know Effect On Your Credit Score

Want To Close Personal Loan Pre-maturely? Know Effect On Your Credit Score

In today’s time, the process of taking personal loan is very easy. For this, you can apply even sitting at home, or you can also apply for a personal loan by filling some minor documents by visiting the bank. You have to pay some interest every month on the loan, which can be a bit …

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This Big Change is Going To Happen in This Bank After February 28. Know Details Here

This Big Change is Going To Happen in This Bank After February 28. Know Details Here

An important news is coming out for the customers of Lakshmi Vilas Bank and DBS Bank India Limited. Due to the merger of these two banks, a big change is going to happen. The existing IFSC of the bank’s branches will work only till February 28. The new IFSC will be applicable from 1st March …

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Bank Of India is Giving Golden Opportunity To NPA Customers, Outstanding Loan Can Be Settled On This Date

Bank Of India is Giving Golden Opportunity To NPA Customers, Outstanding Loan Can Be Settled On This Date

Public sector Bank of India is giving a great opportunity to its special customers. Those customers whose loan has become NPA, they can close the account by giving their loan through BOI One Time Settlement Schemes. If you join this settlement, then on behalf of the bank, you can do the settlement by visiting the …

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Economic Survey 2021-22: Public Sector Banks Reduces Burden Of NPAs

Economic Survey 2021-22: Public Sector Banks Reduces Burden Of NPAs

The Government of India has released the Economic Survey 2021-22 on Monday. The survey report shows that during this period, public sector banks have improved their position significantly. The report said that banks have significantly reduced their burden on the non-performing assets (NPA) front. Not only this, public sector banks have also earned excellent net profit during …

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These Rules Related To Banks Will Change From 1st February

These Rules Related To Banks Will Change From 1st February

Sending money from SBI will be expensive The country’s largest public sector bank SBI is going to change its IMPS rules from February 1. Now customers will have to pay Rs 20 + GST ​​for doing IMPS from SBI from Rs 2 lakh to Rs 5 lakh. In October, the bank increased the IMPS limit from Rs …

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Alert For Those Who Have Accounts in More Than One Bank. You May Have Face These Troubles

Alert For Those Who Have Accounts in More Than One Bank. You May Have Face These Troubles

Is it right for you to have multiple bank accounts? In today’s time, most of the people have accounts in many banks. Many times due to change of jobs, people also have many bank accounts, which they do not even consider it necessary to close them. it is not wise to keep your account in …

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Bank Holiday Calendar: Banks Will Be Closed On These Days in 2022

Bank Holiday Calendar: Banks Will Be Closed On These Days in 2022

This year banks are going to be closed for many days in different states of the country. These days customers will not be able to withdraw or deposit money in their respective bank branches. However, all the services available online will continue as before, people will not see any problem in it. Let’s take a …

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Bank Of Baroda Customer? This Most Important News is For You!

Bank Of Baroda Customer? This Most Important News is For You!

If your account is also in Bank of Baroda then this news is for you. Let us tell you that the government bank BOB is coming up with a new rule for its account holders. Under this rule, confirmation will be necessary for checks of 10 lakhs or more. This new rule is regarding check …

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Big News: Airtel Payments Bank Gets Scheduled Bank Status From RBI

Big News: Airtel Payments Bank Gets Scheduled Bank Status From RBI

Airtel Payments Bank has been given schedule bank status by the Reserve Bank of India (RBI). With this, Airtel Payments Bank can now pitch for Requests for Proposals (RFPs) and primary auctions issued by the government.  Schedule Bank Status From RBI  Airtel Payments Bank said in a statement that RBI has given it the status …

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Alert: More Than 600 Fake Apps Are Giving You Loans. Delete Them Immediately

Alert: More Than 600 Fake Apps Are Giving You Loans. Delete Them Immediately

At present, many cases of cyber fraud have been seen in the country, where many people have become victims of fraud. Actually, there are many such apps, through which fraudsters are cheating people online. According to the report, more than 600 loan giving fake apps (illegal lending apps) are running in the country and these …

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If Your Saving Account is in SBI, Then This Big Alert is For You!

If Your Saving Account is in SBI, Then This Big Alert is For You!

If your Saving ccount is in the country’s largest government bank i.e. State Bank of India, then this news is for you. State Bank of India told through a tweet to make its customers aware that how you can avoid online fraud. Let us tell you that these days digital transactions are increasing very fast, …

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STRIKE 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 two state-owned lenders. All India Bank Employees Association (AIBEA) general secretary C H Venkatachalam said in a statement that  conciliation meetings – before the additional …

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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 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 Internal Working Group (IWG) on June 12, 2020 to review extant ownership guidelines and corporate structure for Indian private sector banks. The Terms of Reference …

RBI PANEL RECOMMENDS LARGE NBFCS, WITH ASSET SIZE OF 500B RUPEES & ABOVE MAY BE CONSIDERED FOR CONVERSION INTO BANKS AFTER 10 YRS OF OPS Read More »

RBI

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 DBS Bank India Limited – DBIL. RBI said DBIL has a strong parentage and a healthy balance sheet with strong capital support, adding that its …

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