Fri, Apr 07, 2023
Visa International Debit Card is new edge contactless card which will work on all tap & pay device, across India and abroad, which can be availed without any joining fees, bank said.
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Mon, Sep 20, 2021
Banking, financial and auto are yet to contribute to the rally, and we believe positive news such as improving economic recovery, better financial performance and the government's PLI scheme will be driving growth for the stocks in the sector, which in turn will drive the benchmark, Ajit Mishra, VP - Research, Religare Broking Ltd
Thu, Apr 29, 2021
ICICI Bank has launched ‘Merchant Stack’ which is a set of the country’s most comprehensive digital banking services specially for retail merchants on Thursday, April 29.
Tue, Nov 17, 2020
The Reserve Bank of India`s (RBI) decision to propose amalgamation of Lakshmi Vilas Bank (LVB) with DBS Bank India came partly as a surprise, said an outgoing Director of LVB.
RBI has placed private-sector lender Lakshmi Vilas Bank Ltd under a moratorium and has restricted withdrawals of more than 25,000 rupees ($335.80), according to a finance ministry statement on Tuesday.
Mon, Nov 09, 2020
Mortgage lender HDFC Ltd on Monday announced cutting its retail prime lending rate (RPLR) on housing loans by 10 basis points (0.10 per cent).
Wed, Nov 04, 2020
The Enforcement Directorate (ED) on Wednesday filed its first chargesheet in the ICICI-Videocon loan case, naming former ICICI Bank CEO Chanda Kochhar, her husband Deepak Kochhar, Videocon group chief Venugopal Dhoot and seven firms in a money laundering case.
Bank loan moratorium interest on interest waiver: Banks have started refunding borrowers the compound interest charged on specified loan accounts during the moratorium period.
The country's largest lender State Bank of India (SBI) on Wednesday reported a 55 per cent increase in its consolidated net profit at Rs 5245.88 crore for the second quarter ended September 30 on account of decline in bad loans.
Mon, Nov 02, 2020
Punjab National Bank (PNB) on Monday reported a 22 per cent jump in net profit to Rs 620.81 crore for the second quarter ended September 30. The state-owned lender had posted a net profit of Rs 507.05 crore during the corresponding quarter a year ago.
Sat, Oct 31, 2020
ICICI Bank on Saturday reported an over six-fold jump in its standalone net profit at Rs 4,251 crore for the second quarter ended September 2020.
Wed, Oct 21, 2020
HSBC has launched a restructuring of its commercial banking business in Britain, a source familiar with the matter told Reuters on Wednesday, resulting in around 300 job losses.
Tue, Oct 20, 2020
Private sector lender Axis Bank on Tuesday announced offering home loans at an interest rate of 6.90 per cent as part of its festive season campaign
Sun, Oct 11, 2020
Sources in the agency said the role of former Yes Bank promoter Rana Kapoor and other senior executives of the bank, not named as accused in the FIR, is likely to come under scanner in the case.
Thu, Oct 08, 2020
SBI Net Banking: After the outbreak of COVID-19 pandemic, social distancing has enhanced cashless transactions among the millennials especially.
For shopping in this festival, a SBI account holder need not to look at the bank account balance as the lender has announced special EMI on the spot facility on all SBI debit cards.
Tue, Oct 06, 2020
ICICI Bank today became the first Indian bank to introduce a debit card facility for customers availing the Loan Against Securities (LAS) from the Bank.
Loan Moratorium: As per reports, the central government's affidavit says that it will waive-off the interest on interest accrued during the extension period and is in mood to even provide relief to those who continued to pay their EMI even during the COVID-19 financial crisis.
Sat, Oct 03, 2020
In a big move that augurs well for small borrowers, the government in its affidavit submitted to the Supreme Court said that it supports the waiver of compound interest for loans under moratorium for certain categories.
Fri, Oct 02, 2020
Mahatma Gandhi Jayanti: The nation’s leading public sector bank, Punjab National Bank (PNB) commemorated the 150th birth anniversary of Mahatma Gandhi by launching a financial inclusion and literacy camp.
SBI RD Scheme: Interest rates should not be the only factor when you open a savings account. The State Bank of India (SBI) is giving various other investment schemes with savings accounts.
The Reserve Bank of India (RBI) has delisted six state owned banks from its second schedule. The Central Bank of India said that the delisting has been done owing to the merger of those banks with other PSU banks.
During the Coronavirus lockdown, all Indian banks had given freedom from maintaining minimum balance in savings accounts to all its customers till June 30.
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