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Banking and Finance News

RBI: 50 per cent rise in ATM, debit cards complaints

The two Banking Ombudsman offices in New Delhi received maximum complaints at 35,737, which is 21.8% of total complaints during the year.

SBI to recruit 8,904 junior staff; BoB, IDBI Bank too on a lookout

Much of the hiring happening at public-sector banks now is on a contract basis for specialised roles. Bank of Baroda (BoB) currently has 1,047 openings for such roles.

State Bank issues Electoral Bonds worth Rs 2,772 crore

Out of 2,742 bonds which were issued during the 15-day period, 1,264 bonds were valued at Rs 1 crore and above, SBI — the country’s largest public sector bank — said.

The health insurance plan provided by your office may not be enough

If you want to tick all the boxes when it comes to health insurance, you may find your office-provided policy wanting in certain critical areas

Banks, other lenders woo IT talent with fat pay packages as focus on digital increases

A small NBFC may hire a CTO at Rs 60-80 lakh plus variable pay plus ESOPs, while a larger organisation would be willing to offer anywhere between Rs 1.5 crore and Rs 2 crore, an executive said.

Deposits in Jan Dhan accounts inching towards Rs 1 lakh crore mark, suggests govt data

The total balance in the Jan Dhan accounts, which has been steadily rising, was at Rs 97,665.66 crore as on April 3, as per the latest government data.

BBB identifies 75 bankers for top roles in PSBs

Over the past one year, government has cleared all appointments suggested by the BBB, including that of non-executive chairpersons Punjab & Sind Bank, Dena Bank, Central Bank of India and Bank of Baroda

Central Bank to sell NPAs worth Rs 251 crore

The bank’s exposures to Srinagar Banihal Expressway (Rs 200 crore) and Maa Mahamaya Industries (Rs 51 crore) are being offered on a 100 per cent cash basis.

How NRIs can buy a life insurance plan in India

Some of the most common documents required for making a claim include a copy of the policy, death certificate of the insured, identity proof of the nominee, etc.

Despite SC order on RBI circular, bad loan resolution under IBC to continue

The government expects the bad loan resolution to continue under the IBC, while the Reserve Bank comes out with revised rule that specifies the framework under which it can direct banks to push cases for insolvency resolution.

To end the glut of coins, govt mulls privatisation of distribution, exports

Minutes of meetings of the C&C Division accessed by The Sunday Express reveal that the RBI’s representatives have been giving an alarming picture of the coin glut but have, however, assured that whatever quantity of coins have been indented by them will now be lifted.

Bad loans: 80% of write offs in decade came in last five years

Banks wrote off a whopping Rs 1,56,702 crore of non-performing loans during the nine-month ended December 2018, taking the total loan writeoff to over Rs 7,00,000 crore in the last 10 years, according to figures revealed by the RBI.