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Banking services in the country likely to be affected on January...

Banking services in the country are likely to be hit on January 8 and 9, given that two important bank unions have also decided...

Kerala Flood impact: Banks announce moratorium on loan repayment

The floods in Kerala have had an immense impact on the state, with losses amounting to thousands of crores. Given this, banks in the...

Non-maintenance of minimum balance in accounts helps bank collect Rs.5,000 crore...

Non-maintenance of the minimum balance in bank accounts has helped banks collect Rs.5,000 crore in the form of penalties, as per a report by...

RBI hikes repo rate again, second time in a row

Post the August meeting held by the Monetary Policy Committee (MPC) of Reserve Bank of India (RBI), the repo rate was increased by 25...

Government unveils a new scheme to revive bad loans for banks

The government unveiled a new scheme to cover bad loans for banks. This is a combined initiative of the Indian government and the banks...

Aadhar facility available in 18,000 post offices, bank branches

The government’s mission to increase the number of centres equipped to deal with Aadhar requests has paid dividend, with around 18,000 such centres established...

BSBDA holders are paying a huge price for exceeding withdrawal limit

With the Reserve Bank of India rolling out the financial inclusion drive in 2012 - which aimed at providing financial services to all, especially...

No GST for free banking services including withdrawals from ATMs

In what would be a slight relief in the turbulent times that banks across the country are going through in the recent period, a...

Banks can’t halt pension payments for not linking Aadhaar

In what is certainly a sigh of relief for senior citizens and pensioners across the country, the EPFO (Employees’ Provident Fund Organisation) has instructed...

Banks to work this Saturday

The General Secretary of the All India Bank Officers Confederation, Thomas Franco Rajendra Dev, put rumours of banks staying shut this Saturday to rest....