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No more lobbying in public sector bank appointments: Govt

No more lobbying in public sector bank appointments: Govt

No lobbying, “allotment” on the basis of merit-cum-performance and enlarging the employment pool to include the private sector are some key initiatives taken by the Centre for top-level recruitments in…

Ensure safety of customers’ lockers: RBI to banks

Ensure safety of customers’ lockers: RBI to banks

The Reserve Bank has asked banks to ensure customers’ lockers remain safe and there is “no negligence” that could render banks liable to claims by locker holders, Parliament was informed.…

RBI cuts key rate by 0.25%; home, auto EMIs to be lower

RBI cuts key rate by 0.25%; home, auto EMIs to be lower

The Reserve Bank cut its key lending rate by 0.25 per cent – first time in 10 months – to about 7-year low of 6 per cent, a move which…

SBI cuts savings bank rate by 0.5% on deposits up to Rs 1 cr

SBI cuts savings bank rate by 0.5% on deposits up to Rs 1 cr

The decline in rate of inflation and high real interest rates have prompted State Bank of India to cut the savings bank deposits rate from 4 per cent to 3.5…

New Rs 200 note likely to come into circulation next month

New Rs 200 note likely to come into circulation next month

The RBI has reportedly already started printing the first batch of Rs 200 note in June to ensure easy currency availability in the country. “We have already started printing of…

Jaitley introduces bill to replace Banking Regulation Ordinance

Jaitley introduces bill to replace Banking Regulation Ordinance

A bill to authorise the RBI to direct banking companies to resolve the problem of stressed assets was on Monday introduced in the Lok Sabha by Finance Minister Arun Jaitley.…

SBI launches ‘SBI Realty’ portal for home buyers

SBI launches ‘SBI Realty’ portal for home buyers

India’s largest commercial bank State Bank of India (SBI) said it has launched a dedicated portal ‘SBI Realty’ that will help home buyers to choose flats from its 3,000 approved…

Over 36 lakh bank accounts saw deposit of Rs 10 lakh or more

Over 36 lakh bank accounts saw deposit of Rs 10 lakh or more

Over 36 lakh bank accounts have seen cash deposits of Rs10 lakh or more in a financial year, Parliament was informed on Tuesday. Rule 114E of the Income Tax Rules…

Jan Dhan deposits surge to Rs 64,564 crore

Jan Dhan deposits surge to Rs 64,564 crore

Deposits in Jan Dhan accounts have touched a new high of Rs 64,564 crore, of which over Rs 300 crore came in the first seven months of demonetisation, according to…

Number of PSBs may go down to 12 as govt mulls consolidation

Number of PSBs may go down to 12 as govt mulls consolidation

The government is working on a consolidation agenda with a view to creating 3-4 global-sized banks and reduce the number of state-owned lenders to about 12, an official said. The…

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