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Syndicate Bank, Only PSB Listed in CX+ Top 10 Retail Banks in India 2019

Kantar Releases CX+ India Retail Banking Report 2019 - The Kantar CX+ study on performance of Indian Banks were analyzed on the basis of 7,280 retail banking customers in India to find out which banks have the experience advantage. Syndicate...

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Government is considering tax on cash withdrawal

Government of India is considering introduction of tax on cash withdrawal on persons who withdraw more than Rs 10 lakh in a year. Government is also mulling implement ation of an Aadhaar based authentication for high-value cash withdrawals. Cash transaction...

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Syndicate Bank to Achieve Rs 500-1,000 Crore Profit in FY 19-20

Public Sector Syndicate Bank aims to achieve profit between Rs 500 to Rs 1,000 crore in FY 2019-20. The proposed profit is based on the fact that the bank’s Non-Performing Assets (NPA) came down to 6.1 per cent from 12...

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RBI Scraps RTGS and NEFT Charges

The Reserve Bank of India has decided to scrap charges levied on digital transactions through Real-Time Gross Settlement system, or RTGS, and National Electronic Funds Transfer, NEFT, in an effort to boost the “digital funds movement”. RBI has also advised...

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RBI Extends RTGS Bank Timings For Fund Transfer Till 6 PM

The new RTGS window for fund transfer will be effected from 01st June 2019. The Reserve Bank of India (RBI) has extended timings for customer transactions in the Real Time Gross Settlement (RTGS) system to 6 pm from existing 4:30 pm. ...

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PNB Likely to Merge OBC, Andhra Bank and Allahabad Bank

In next three month Punjab National Bank (PNB) could initiate the process of merging of two-to-three small state-run banks, that could include Oriental Bank Of Commerce, Andhra Bank and Allahabad Bank.  Read - Calculate your Basic Pay post 11th Bipartite...

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PSB Mergers – Government hinted the merger of PNB, Union Bank and Bank of India

ET reported that the post election, Finance Minister is likely to hold discussions soon about next round of consolidation, which is expected in second or third quarter of this fiscal year. Finance Ministry officials are saying that  it is not...

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Market Buzz – Mergers of SyndicateBank, Punjab National Bank and Indian Overseas Bank

After amalgamation of Public Sector Bank i.e. Vijaya Bank and Dena bank with Bank of Baroda, the government is closely watching how the Bank of Baroda-Vijaya Bank-Dena Bank merged entity is working out. Sources said some other combinations are already...

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