Bank Holidays in December 2020: All private and public sector banks in the country are closed on Sundays, as well as on the second and fourth Saturdays of every month. Besides this, banks are closed on various public and national and regional public holidays as well.
The Punjab National Bank (PNB) is going to introduce the OTP-based cash withdrawal system. The bank will launch OTP Based ATM Withdrawal for transactions system from December 1, 2020.
The debt-ridden 94-year old old bank's fate was sealed with Union Cabinet headed by Prime Minister Narendra Modi approving Scheme of Amalagamation.
The All India Bank Employees' Association (AIBEA), All India Bank Officers Association (AIBOA) and Bank Employees Federation of India (BEFI) are participating in the strike.
With the call of a nationwide strike by central trade unions on Thursday, banking operations could be hit. The strike, to be observed by ten central trade unions except Bharatiya Mazdoor Sangh, will also be joined by some bank unions.
Lakshmi Vilas Bank Ltd. branches will operate as DBS Bank India Ltd. branches from November 27, 2020. The development has come hours after the Cabinet announced that it has approved the merger of Lakshmi Vilas Bank Ltd. with DBS India.
While addressing a press conference in the national capital on November 25, Information and Broadcasting Minister Prakash Javadekar informed that the Union Cabinet has approved Scheme of Amalgamation of Lakshmi Vilas Bank with DBS Bank India Limited.
Days after a month long moratorium was imposed on the Tamil Nadu based Lakshmi Vilas Bank, the Union Cabinet on Wednesday approved the scheme of Amalgamation of Lakshmi Vilas Bank with DBS Bank India Limited.
The government has placed Lakshmi Vilas Bank (LVB) under one-month moratorium, superseded its board and capped withdrawals at Rs 25,000 per depositor.
The RBI has turned down the proposal of Muthoot Finance to acquire IDBI Bank's mutual fund business, saying sponsoring a mutual fund is not in consonance with the activity of an operating NBFC.
The Economic Offences Wing of the Delhi Police has arrested a man who duped the Punjab National Bank (PNB) of Rs 24.13 crores. The accused hypothecated stock with the bank and sold the same without informing the bank.
On Monday, the stock plunged 10 per cent to Rs 8.10 -- its lower circuit limit as well as one year low -- on the BSE.
The four-day celebrations of Chhath Puja have begun across the country with restrictions in place due to the coronavirus pandemic.
People in Kolkata celebrated Chhath Puja on the bank of river Hooghly amid coronavirus scare. It was shocking to see people flouting social distancing norms and many were spotted without masks.
SBI apprentice recruitment 2020: The State Bank of India has invited online applications for 8500 apprentice posts on the official website -- sbi.co.in.
Shares of Lakshmi Vilas Bank slumped further and fell 20 per cent to hit its lowest permissible trading limit in early trade on Thursday after the government placed the lender under a one-month moratorium and superseded its board. The shares plunged 19.76 per cent on BSE to hit its lower circuit limit of Rs 9.95. Similarly, on NSE the scrip hit a lower circuit of Rs 10, diving 19.68 per cent.
Miscreants on Wednesday shot dead a 30-year-old man running a State Bank of India’s customer service centre in Deoria district and decamped with Rs 5.40 lakh robbed from him, said police.
DBS Bank on Wednesday said it has issued its first two green loans in India totalling Rs 1,050 crore to CapitaLand. DBS grows its sustainable financing footprint with maiden green loans in India totalling Rs 1,050 crore.
Moody's Investors Service on Wednesday said Singapore's DBS Bank will strengthen its India business following merger with troubled Lakshmi Vilas Bank.
UCO Bank has cut home loan interest rates by 25 basis points with effect from Wednesday, the lender said.
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