SBI waives need to maintain minimum balance, cuts interest rate on all savings accounts to 3%

Earlier in the day, SBI reduced its fixed deposit rates and marginal cost of funds-based lending rates on various tenors.

Scroll Staff

· Mar 11, 2020 · 09:46 pm

After pulling out of the food business, Uber’s latest India adventure is likely to be in fintech

Payments are an obvious and lucrative add-on for taxi aggregators around the world.

Ananya Bhattacharya, qz.com

· Feb 16, 2020 · 08:30 pm

RBI given power to regulate cooperative banks as Centre approves changes to banking laws

Union minister Prakash Javadekar said the changes would help strengthen financial stability.

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· Feb 05, 2020 · 07:43 pm

Indian government’s insolvency code for NBFCs raises more questions than it answers

The crisis-hit DHFL, which will be the first to undergo insolvency proceedings, will be a litmus test for the new law.

Sangeeta Tanwar, qz.com

· Dec 02, 2019 · 09:30 pm

PMC case: Money laundering case against bank’s board members, top HDIL officials; ED conducts raids

The money laundering case was filed on the basis of the Economic Offences Wing’s first information report filed earlier this week.

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· Oct 04, 2019 · 11:41 am

PMC Bank: RBI again increases withdrawal limit from Rs 10,000 to Rs 25,000

The central bank said the new relaxation will allow 70% of the customers of PMC bank to withdraw their entire account balance.

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· Oct 03, 2019 · 09:48 pm

Online banking operations of some private lenders not working, users complain on social media

The Reserve Bank of India said in a tweet that the Indian banking system is safe and secure.

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· Oct 01, 2019 · 05:38 pm

PMC Bank: Case filed against top executives, lender estimated to have lost Rs 4,300 crore

The Mumbai Police have also named officials from realty developer HDIL. They are accused of misleading the RBI for over a decade by producing forged audits.

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· Oct 01, 2019 · 08:04 am

RBI increases withdrawal limit of PMC Bank customers from Rs 1,000 to Rs 10,000

The RBI earlier this week imposed restrictions on the cooperative bank and said it would not be allowed to grant or renew any loans and advances.

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· Sep 26, 2019 · 04:39 pm

RBI denies rumours of closure of several public sector banks, calls them false

The RBI had on Tuesday imposed a Rs 1,000 withdrawal cap on customers of the Mumbai-based Punjab and Maharashtra Cooperative Bank for six months.

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· Sep 26, 2019 · 09:07 am

RBI places Rs 1,000 cap on withdrawals by PMC bank customers for six months

The central bank has also restricted the cooperative bank from issuing advances or loans to depositors.

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· Sep 24, 2019 · 05:09 pm

New RTGS funds transfer timings: RBI increases operating hours from today; see all details here

The Reserve Bank of India has decided to extend the operating hours of RTGS and commence operations for customers and banks from 7 am.

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· Aug 26, 2019 · 08:56 am