All public and private sector banks will remain closed for three days from today. The Banks, in both the sectors, will remain off business for Maha Shivratri today, tomorrow happens to be the fourth Saturday and regular holiday for banks. Similarly, the day after tomorrow is Sunday.
Residents of a village in West Bengal's Bankura district are staging a fast-unto-death demanding compensation and rehabilitation after cracks appeared on more than 150 houses in the area, for which they blamed explosions in a nearby coal mine
Private sector Kotak Mahindra Bank on Wednesday said the Reserve Bank has granted its final approval for reducing promoters' stake in the bank to 26 per cent.
Four unidentified people, without covering their faces, rob Rs 8 lakh from a private bank in Muzaffarpur on Tuesday. The entire incident was caught on CCTV camera.
People in Bengal's Burdwan are lining up outside ATMs after money ranging from Rs 3,000 - Rs 35,000 is transfered in their accounts from a 'mystery' source.
Withdrawing cash from bank ATM soon to become costly as India's ATM operators' association has written to the Reserve Bank of India (RBI) seeking a hike in the interchange fee paid by customers.
Vodafone Idea could be the largest bankruptcy ever in India as the inability to pay dues under the adjusted gross revenue (AGR) may push the Vodafone Plc and Aditya Birla joint venture in that direction.
There's good news for customers who are paying EMIs for their loans with State Bank of India, Bank of Baroda and Allahabad Bank. From today, the EMIs of SBI loans - India's largest bank - will go down as the bank has reduced the MCLR by 0.05 per cent. Bank of Baroda and Allahabad Bank has also reduced the MCLR by the same value. The new rates are applicable from today (February 14).
Vijay Mallya, who is accused of owing over Rs 9,000 crore to Indian banks and has challenged his extradition once again asked the Indian banks to take back 100 per cent of the principal amount owed to them.
Karnataka bandh: Several Pro-Kannada Organizations in Karnataka have called for a day’s bandh in the state in demand of boosting up the reservation of jobs in Karnataka for the Kannadigas. The 12-hour-long bandh will start at 6 AM on Thursday, which may have an impact on services in Karnataka till evening.
A masked man robbed Rs 1.5 lakh at gunpoint from Oriental Bank of Commerce in west Delhi's Tilak Nagar on Wednesday morning, after overpowering the security guard before fleeing from the spot.
The CBI on Tuesday carried out searches at eight locations in Delhi, Gurugram and Dehradun after registering a case against Educomp Solutions Ltd (ESL), its subsidiary and directors for allegedly defrauding an SBI-led consortium of 13 banks to the tune of Rs 1,955 crore, officials said.
Bank Holidays Alert! In February 2020 while there aren’t any national holidays, India celebrates a number of regional public In the second month of the year i.e., February, there are lesser number of days as compared to the other months. In February, banks to remain closed for 10 days.
State-owned Bank of Baroda,( New Delhi) on Monday announced cut in its marginal cost of funds-based lending rates (MCLR) by up to 10 basis points, effective February 12. The reduction will make home, auto and other loans cheaper for new borrowers.
To win Avtani's trust, the accused sent fake letters and other documents bearing fake stamps and symbols of the RBI, the Income Tax Department, the Ministry of Finance and the IRDA via email and WhatsApp, it said.
Indian banking system may be staring at big challenges, but is at the cusp of huge growth in the next decade, a top TCS executive said on Thursday. There are very few industries which can boast of a 15 per cent growth on a yearly basis for ten years, TCS chief executive Rajesh Gopinathan said, conceding that this makes him envious of the business.
The man Burhan recalled that he had purchased a saree through an online portal following which he received a call seeking his bank details which, he was told, were needed as he had won a car.
Deposit insurance was static at Rs 1 lakh since 1993. The cover is provided by the Deposit Insurance and Credit Guarantee Corporation (DICGC), a wholly-owned subsidiary of the RBI.
Finance Minister Nirmala Sitharaman on Saturday unveiled several reforms across the banking sector, financial markets and infrastructure financing.
A nationwide two-day bank strike called by the United Forum of Bank Unions (UFBU) has entered its concluding day on February 01.
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