No compound, penal interest be charged during loan moratorium period: SC
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The Supreme Court directed that no compound or penal interest shall be charged from borrowers for the six-month loan moratorium period, which was announced last year amid the Covid-19 pandemic
Rupee rises 3 paise to Rs 72.34 against the US dollar in early trade
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The rupee advanced by 3 paise to 72.34 against the US dollar in opening trade on Tuesday, as easing crude oil prices and buying trend in equity markets lifted sentiment.
The rupee's gains were, however, restricted as investors turned a bit cautious due to ri
Paytm payment gateway registers over 750 mn monthly transactions
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Digital payments services firm Paytm said its payment gateway now registers 750 million transactions on a monthly basis.
The company said that payment instruments issued by Paytm Payments Bank, including Paytm Wallet and Paytm UPI, have contributed about 60
Turkish lira slums toward record low on central bank woes, yen gains
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The Turkish lira slumped toward a record low versus the dollar after President Erdogan stunned investors over the weekend by replacing the hawkish central bank governor with a critic of high rates
IDBI warns against fake job offers, says no agency hired for recruitment
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IDBI Bank on Friday cautioned the public against fake job offers in its name and said it has not hired any agency for recruitment or collecting money.
It has come to notice that some unscrupulous persons/recruitment agencies have been making job offers in th
P-notes investment climbs to 33-month high at Rs 91,658 crore in Feb
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Investments through participatory notes in the capital market rose to Rs 91,658 crore at February-end, making it the highest level in 33 months, suggesting growing confidence of overseas investors
Our digital transactions have gone as high as 67% now: SBI Chairman
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SBI has seen an increase in the number transactions happening at its multiple digital channels, with the percentage moving from 60 per cent in the pre-pandemic period to 67 per cent now, Chairman said
HDFC Bank's MSME book grows 30% y-o-y to cross Rs 2 trillion-mark
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HDFC Bank's MSME book grew 30 per cent year-on-year to cross the Rs 2-trillion-mark as of December-end, mainly boosted by the pandemic-induced ECLG scheme under which it disbursed over Rs 23,000 crore
Rupee depreciates 3 paise to Rs 72.56 against US dollar in early trade
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The rupee depreciated by 3 paise to 72.56 against the US dollar in opening trade on Friday, as muted opening in domestic equities weighed on investor sentiment
Rupee becomes only Asian currency to gain in month of sweeping losses
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The rupee has advanced 1.3% in March, boosted by $2.4 billion of overseas purchases of local stocks, including inflows related to initial public offerings
Punjab National Bank sets-up subsidiary to manage credit card business
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State-run Punjab National Bank (PNB) has set up a wholly-owned subsidiary to manage its credit card business, the bank said on Wednesday.
A wholly-owned subsidiary of the bank namely PNB Cards & Services Ltd has been incorporated on March 16, 2021, by the Re
Reserve Bank imposes Rs 2 crore penalty on SBI for contravention of norms
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RBI imposed a penalty of Rs 2 crore on State Bank of India (SBI) for contravention of norms, including specific directions to the lender on remuneration to its employees in the form of commission.
Banking services disrupted across Maharashtra on Day 2 of nationwide strike
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The two-day pan-India bank strike ended today, with the disruption in services including cash withdrawals, deposits, loan disbursements and cheque clearances hitting customers hard across Maharashtra.
Not all banks will be privatised, interest of workers to be protected: FM
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'Even for those banks which are likely to be privatised, the privatised institutions too will continue to function after privatisation, the interests of the staff will be protected,' said Sitharaman
Nationwide bank strike continues to impact PSB services on second day
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Bank strike continued for day-two on Tuesday, led by nine unions of public sector banks (PSBs) in the country, opposing government's policy to privatise the lenders
This will enable the users to check the status of the pending transactions, raise complaints against transactions that have not been processed or the money has not reached the beneficiary
This will enable the users to check the status of the pending transactions, raise complaints against transactions that have not been processed or the money has not reached the beneficiary
Nationwide strike impacts banking services of public sector banks
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Banking operations including cheque clearance across the country got affected on Monday as bankers under the aegis of the UFBU have gone on a nationwide strike
