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All the private and public sector banks in India are closed on Sundays, 2nd and 4th Saturdays of the every month. Apart from the weekly holiday, the Banks in India are also closed on various public occasions like New Year, Republic Day, Holi, Durga Pooja, Ram Navmi, Diwali, Christmas, Eid, etc. Some of the public […]

State Bank of India (SBI), the country’s largest lender, on Monday cut its lending rates linked to the central bank’s repo rate by 25 basis points (bps) to 7.8%, lowering borrowing costs for small businesses and homebuyers. The new rate, SBI said, will be applicable from 1 January. “New homebuyers will get loans at an

SBI, PNB, HDFC, ICICI, Debit Card Customers: If you are using a bank debit card which doesn’t have EMV (Europay, Mastercard and Visa), then you may have to face a problem during money withdrawal from the ATM after 31st December 2019 as your debit card may be blocked from 1st january 2020. According to the

The Reserve Bank of India has asked lenders to cut their stakes in insurers to 30%, as the banking regulator attempts to shield banks from risks arising out of their non-banking businesses and steer focus to boosting credit growth in a slowing economy, four people with direct knowledge of the matter said. RBI informed the

After rising for seven years, non-performing assets reported by banks are showing a decline, helped by a conducive policy environment and the Insolvency and Bankruptcy Code (IBC), the Reserve Bank of India (RBI) said in its report on trend and progress of banking in India, a development that.”brings some cheer for the financial sector and

Public sector banks (PSBs) accounted for the bulk of frauds reported in 2018-19, with 55.4 per cent of the number of cases reported and 90.2 per cent of the amount involved, mainly reflecting the lack of adequate internal processes, people and systems to tackle operational risks, a RBI report released on Tuesday said. Private banks’

SBI Online: The State Bank of India (SBI) account holders can now do their shopping without keeping cash in their pocket and their SBI debit card or credit card in their wallet. To make shopping payments easier and risk-free, the SBI has been launching new ideas and products for its customers. In this line, the

Companies undergoing resolution under the Insolvency and Bankruptcy Code (IBC) may get relief on goods and services tax (GST) dues. According to a report in the Economic Times, the government is considering a plan to allow these companies to pay only current GST dues without the mandatory payment of past dues. This will remove a