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RBI Bans HDFC Bank from Issuing Credit Cards

RBI Bans HDFC Bank from Issuing Credit Cards and other new digital products. The bank has informed the stock exchange that the order from the RBI was issued on ...

OTP is Mandatory For SBI ATM Cash Withdrawal

In order to curb the fraud, the State Bank of India has made OTP is Mandatory For SBI ATM Cash Withdrawal. All the Cash Withdrawal using SBI Debit Card will ...

EPFO to Pay 8.5% Interest For FY20 in two Installments

EPFO fails to pay interest on time - The Employees’ Provident Fund Organisation (EPFO) decided to postponed the credit interest rate to formal sector workers ...

These Banks Have Increased the Cash Handling Charges

Check out the name of the Banks which have increased the cash handling charges starting 1st August - Bank of Maharashtra, Axis Bank, Kotak Mahindra Bank and ...

COVID Loan Moratorium -Assessment For Interest Waivers

Finance Ministry is assessing the issue of interest waivers on COVID Loan Moratorium - Permitting a moratorium, but offering no relief through interest, is ...

GECL MSME Loans – Bank is Ready to Lend, Customers Don’t Want to Take Risk, SBI chairman

GECL MSME Loans, No borrowers - SBI Chairman Mr Rajnish Kumar has said that Bank is Ready to Lend to borrowers but the customers don't want to take risk as ...

Government May Privatize Few Public Sector Banks

ET Prime has reported that Government May Privatize Few Public Sector Banks. It is believed that a selected group of top government officials has begun ...

Why is the Idea of ‘Bad Bank’ Good For Public Sector Banks ?

Opinion on Idea of Bad Bank, and it's benefit for Public Sector Banks - The Indian Banks’ Association, IBA has requested the Government to set up a 'Bad Bank' ...

MSMEs Don’t Need Fresh Loans, Even With Government Guarantee

MSMEs do not need fresh loans - This is strange but true, they do not need any loan even with the Government Guarantee. The major reason,they are not sure how ...

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