SBI, PNB, HDFC, ICICI, Debit Card Customers: If you are using a bank debit card which doesn’t have EMV (Europay, Mastercard and Visa), then you may have to face a problem during money withdrawal from the ATM after 31st December 2019 as your debit card may be blocked from 1st january 2020. According to the […]

The Reserve Bank of India has asked lenders to cut their stakes in insurers to 30%, as the banking regulator attempts to shield banks from risks arising out of their non-banking businesses and steer focus to boosting credit growth in a slowing economy, four people with direct knowledge of the matter said. RBI informed the

After rising for seven years, non-performing assets reported by banks are showing a decline, helped by a conducive policy environment and the Insolvency and Bankruptcy Code (IBC), the Reserve Bank of India (RBI) said in its report on trend and progress of banking in India, a development that.”brings some cheer for the financial sector and

Public sector banks (PSBs) accounted for the bulk of frauds reported in 2018-19, with 55.4 per cent of the number of cases reported and 90.2 per cent of the amount involved, mainly reflecting the lack of adequate internal processes, people and systems to tackle operational risks, a RBI report released on Tuesday said. Private banks’

SBI Online: The State Bank of India (SBI) account holders can now do their shopping without keeping cash in their pocket and their SBI debit card or credit card in their wallet. To make shopping payments easier and risk-free, the SBI has been launching new ideas and products for its customers. In this line, the

Companies undergoing resolution under the Insolvency and Bankruptcy Code (IBC) may get relief on goods and services tax (GST) dues. According to a report in the Economic Times, the government is considering a plan to allow these companies to pay only current GST dues without the mandatory payment of past dues. This will remove a

Bank ATMs meet expectations of the debit and credit card holders in many ways. Evolving tech has made it possible to both withdraw and deposit money, plus much, much more. Now, due to bank ATMs, there is almost no need for bank account holders to visit their local bank branches. The year is almost over

We have seen ups and downs, but each time India emerged stronger: Modi Prime Minister Narendra Modi on Friday assured India Inc and bankers that no inappropriate action will be taken in case of genuine commercial decisions. Addressing annual general meeting of industry chamber Assocham here, he said: “I want to assure banking and corporate