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Thursday, July 07, 2022



Quoting PAN or Aadhaar must for deposit/withdrawal of Rs 20 lakh, current A/C opening

May 11, 2022 7:14 pm

The CBDT in a notification, said furnishing PAN or biometric Aadhaar will be mandatory for such high-value deposits or withdrawals from banks in a financial year, or opening of a current account or cash credit account with a bank or post office.

Banks hike rates: EMIs set to get costlier, lenders’ spread likely to get thinner

May 08, 2022 1:22 am

The rise in RLLR will lead to an increase in equated monthly instalments (EMIs) on home, vehicle and other personal and corporate loans.

Rupee Cooperative Bank merger hits another roadblock, Saraswat bank questions viability

April 24, 2022 7:33 am

The board of administrators led by Sudhir Pandit has been trying to revive the Rupee Cooperative Bank or merge it with a stronger bank for a while.

Opening current, cash credit/OD accounts: Banks’ scope widened

April 20, 2022 10:47 am

In the case of borrowers where aggregate exposure of the banking system is Rs 5 crore or more but less than Rs 50 crore, there is no restriction on opening of current accounts by the lending banks, the RBI said.

Banks to remain closed for four days this week; details here

April 13, 2022 10:30 pm

According to the Reserve Bank of India (RBI) holiday calendar, there are as many as 10 bank holidays this month, and three of them fall this week.  

FM Sitharaman asks banks to be more customer-friendly

February 22, 2022 8:35 am

However, the minister made it clear that banks do not have to be lenient on credit underwriting standards by taking any adverse risks on a proposal.

RBI issues guidelines for appointment of statutory auditors of banks, NBFCs

April 27, 2021 11:48 am

The guidelines provide necessary instructions for appointment of SCAs/SAs, the number of auditors, their eligibility criteria, tenure and rotation, etc. while ensuring the independence of auditors, the Reserve Bank said.

World’s biggest stock owner says banks displaced tech as drivers of returns

April 22, 2021 2:56 pm

Norges Bank Investment Management, which owns about 1.5% of global stocks, beat its benchmark index in the first quarter, and also outperformed the MSCI World Index.

SC extends relief on NPAs after govt says interest issue being considered at highest level

September 10, 2020 8:03 pm

The top court granted two weeks to the Centre and Reserve Bank of India (RBI) to file the affidavit and place before it the decisions taken in this regard.

Banks have done nothing to help retailers, says retail industry body RAI

April 27, 2020 2:41 pm

The retail industry body claimed that despite the Reserve Bank of India (RBI) circulars to banks to lend support to businesses, on the ground retailers are finding it difficult to access funds from banks for various reasons.


Devotees take holy dip in Ganga on 'Magh Purnima'

February 22, 2016 7:07 am

Allahabad, Feb 22 (ANI): Thousands of Hindu devotees on Monday took a holy dip at 'Sangam', the confluence of river Ganga, Yamuna and Saraswati, in Allahabad on the occasion of full moon day or 'Magh Purnima'. 'Magh Purnima' marks the end of a month-long Kalpwas for thousands of Kalpwasis camping on the banks of Ganga. People and priests made their way to the banks before the break of the dawn. The devotees braved freezing temperatures as they took a holy dip in 'Sangam' and offered prayers at the banks.