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SBI To File FIR Over Leaked Audio Tape of FM Meeting

An audio tape was leaked on Whatsapp and Facebook of FM pulling up SBI Chairman for ill efficient - A day after a controversy erupted over finance minister Nirmala Sitharaman pulling up SBI executives led by chairman Rajneesh Kumar, the...

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DICGC, Bank Deposit Insurance Cover Hiked to Rs 5 Lacs

DICGC Bank Deposit Cover Hiked to Rs 5 Lacs from existing Rs 1 lacs per bank in Union Budget 2020 - Union Finance Minister had proposed to hike the bank deposit insurance in scheduled commercial banks to Rs 5 lakh...

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No NEFT, RTGS Transfer Charges on Saving Accounts across banks, RBI Issues Order

There will not be any charges on NEFT and RTGS done through the saving account. Recently RBI had made National Electronic Funds Transfer (NEFT) system 24x7,in addition to this the Reserve Bank of India (RBI) has now instructed banks to...

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LIC earns over Rs 14,000 crore profit from stock markets

LIC Income zoomed by 14000 crore from Indian Stocks market - Life Insurance Corporation of India (LIC), the country’s largest financial institution with a corpus of over Rs 31 lakh crore, has booked a profit of over Rs 14,000 crore...

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Ex FM Supports Public Sector Banks,Says Private Sector is Full of Scandals

Golden words for Public Sector Banks, Union minister Piyush Goyal batted for PSBs and siad that privatisation is not the panacea for all the ills facing the economy as the private sector is plagued with more scandals than their state-run...

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No MSME Loan will be NPA Till 31st March 2020

Amazing ! Get a MSME loan from Public Sector Banks and don't pay interest for six months. Bank will not ask you anything. Whereas if you have taken a need based loan i.e. Personal or consumer loan or any other...

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Government announces merger of public sector banks

Mega merger plans for Public Sector Banks - Finance Minister Nirmala Sitharaman on Friday announced merger of public sector banks. Big banks enhanced capacity to increase credit, Finance Minister Nirmala Sitharaman says in prelude to announcement of new bank mergers....

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Syndicate Bank’s CEO launches softwares of APGB

Syndicate Bank MD and CEO Sri Mrutyunjay  Mahapatra and general manager K Rama Naik visited Andhra Pragathi Grameena Bank (APGB) head office at Kadpa on Sunday. APGB chairman A Venkat Reddy welcomed them. Sri Mrutyunjay Mahapatra had inaugurated the internet...

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