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Ask Your banking related question i.e. Banking loans, CASA, Debit Cards and Credit cards, banking News etc. This page listed all the queries related to banking and related financial activities including banking news.Know your banking details and updates.

RBI clarifies – All Rs 10 coin valid, legal tender

RBI-rs-10-coins

RBI clears all the doubt related to Rs 10 coin validity by stating i.e. “All the 14 designs of Rs 10 coin are valid and legal tender for transactions”.The Reserve Bank of India (RBI) reiterated the legal tender status of all ten rupee coins issued. There were many states in India where complaint were made on non acceptance of Rs ...

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Allahabad Bank Under Prompt Corrective Action (PCA)

Another Public Sector Bank (PSB), Allahabad bank is put under Prompt Corrective Action (PCA) by Reserve Bank of India (RBI) as the banks shows the net NPAs (non performing assets) and negative ROA (return on assets) for two consecutive years fiscal 2016-17. For the fiscal 2016-17, the bank had trimmed its net losses to Rs 313.51 crore against Rs 743.31 crore in 2015-16. Read ...

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What is Prompt Correction Action (PCA) ?

Recently Reserve bank of India has brought many of Public Sector Banks under prompt correction action (PCA) like Bank of India, Corporation bank, United Bank of India, UCO bank, Indian overseas bank, IDBI banks, Central Bank of India and lot more. What is prompt correction action (PCA) and why RBI is implementing it on various banks ? As per RBI definition ‘The ...

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How To Reset SBI Debit Cum ATM Card Green PIN Through SMS ?

Reset SBI Debit Card and ATM Card PIN through SMS. This facility of generating ATM cum Debit card of State Bank of India (SBI) can be used for new account holder or first time SBI debit and ATM card holder. There is no need for SBI customer to visit at their branch for generation of duplicate ATM PIN or Debit ...

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Post Merger – Government Wants To Keep 10-15 Big Size Public Sector Banks

If rely on the word of Sanjeev Sanyal, Principal Economic Advisor, Finance Ministry – Government wants to have 10-15 public sector banks with government’s majority stake, down from 21 at present, as part of its plan to consolidate banks. Further, No very weak bank would not be merged with a strong one “as it could pull the latter down.While deciding on the consolidation, ...

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Why Transfer of Funds Between Mobile eWallets Bad for Banks ?

ewallets transfer

RBI has allowed the transfer of funds facilities between different Mobile eWallets. Now any of the mobile ewallets users like PayTm, Mobikwik, Oxigen, Freecharge etc may transfer of money between themselves i.e. from PayTm to freecharge or Oxigen or Mobikwik or Jio Money.  Earlier it was restricted by RBI under Prepaid Instruments Guidelines or PPI’s. RBI has announced to open ...

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Why FATCA / CRS Declaration Form is Important ?

Learn Easy way to submit FATCA Form to Banks/Financial Institution – Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standards (CRS) guidelines and detailed analysis.  Basically , This is an agreement between India and USA to compile with any unreported foreign transaction. The details of FATCA will be shared with US tax authority and IRS. This law was first ...

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How To Transfer Fund Through IMPS, Syndicate Bank ?

Learn how to transfer and activate Syndicate Bank IMPS services. Syndicate Bank IMPS (Immediate Payment Services) instantly transfer fund up to Rs 50,000 to any bank account in India within second. This is the instant fund transfer facilities provided to customer of nationalized public sector Syndciate Bank. Now any account holder of Syndciate Bank i.e. Saving Account, Current Account , Staff account, Overdraft etc can make ...

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