SBI Paytm partnership for UPI

SBI To Handle Paytm UPI Business

Paytm UPI Business got SBI Support – The country’s largest lender State Bank of India, SBI joined hand with One97 Communications, which runs Paytm brand and applications, for its consumer UPI payments. Paytm’s UPI was powered by Paytm Payments Bank

12th Bipartite Implemented- askbanking

PSB Employees Get 17% Salary Hike with 5 Days Bank

PSB Employees Get 17% Salary Hike with 5 Days Banking in recently signed 12th Bipartite Salary Revision Joint Note between IBA and UFBU (A joint union of Public Sector Bank Employees). The new salary will be paid since 1st Nov

SBI Seeks Time to Give Details About Electoral Bonds

SBI Seeks Time to Give Details About Electoral Bon

SBI seeks time to give details about electoral bonds and moves supreme court, seeks more time to furnish electoral bond details : Citing operational difficulty, State Bank of India has moved the Supreme Court for extending the date to submit

RBI Bans IIFL Finance

RBI Bans IIFL Finance From Sanctioning Gold Loans

RBI Bans IIFL Finance From Sanctioning Gold Loans and disbursement from immediate effect. RBI has stopped the IIFL from financing the Gold Loan due to certain material supervisory concerns which were observed in its gold loan portfolio. The Reserve Bank

Share of Fixed Deposits in Banks’ Total Deposits

Share of Fixed Deposits in Banks’ Total Deposits up at 60.3% in Dec 2023 – The share of term deposits in scheduled commercial banks (SCBs) total deposits increased to 60.3 per cent in December 2023 from 57.2 per cent in

RBI Imposes Monetary Penalty on SBI

RBI Imposes Monetary Penalty on SBI & Other B

RBI Imposes Monetary Penalty on SBI & Other Banks – The Reserve Bank of India (RBI) has imposed monetary penalty on State Bank of India, Canara Bank, and City Union Bank for rule violations. The central bank imposed Rs 2 crore

CASA deposit ratio of banks

CASA Deposit Ratio Drops for Private Sector Banks

The current account savings account (CASA) deposit ratio of private sector banks dropped more than that of public sector banks (PSBs) in YOY due to a stronger demand for credit and an increased preference for term deposits by the depositors. 

CASA Deposit Drops for Bigger Public Sector Banks

CASA deposit drops for bigger pubic sector banks – The share of CASA deposits to total deposits of pubic sector banks contracted to 40.58% at the end of 31st Dec 2023 as compare to 42% in the year 31st Dec