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Working on plan to rebuild capacity of banking sector: Jaitley

Working on plan to rebuild capacity of banking sector: Jaitley

Finance Minister Arun Jaitley has said the Indian government is working on a plan to rebuild the capacity of the banking sector so that it could support growth. Jaitley, who…

Kerala Bank to be ready by August next year

Kerala Bank to be ready by August next year

The CPI(M)-led LDF government’s much-awaited project, Kerala Bank, is expected to become a reality by August 16 next year. All formalities in this regard will be completed by August 16,…

Govt to reduce number of PSBs to 10-15: Finance Ministry

Govt to reduce number of PSBs to 10-15: Finance Ministry

The finance ministry is mulling reducing the number of public-sector banks (PSBs) in India by merging some of the banks, the finance ministry’s principal economic advisor Sanjeev Sanyal said. He…

RBI to print new Rs 100 notes from Apr 2018

RBI to print new Rs 100 notes from Apr 2018

The Reserve Bank of India (RBI) is expected to start printing redesigned Rs 100 currency notes around April next year, sources in the central bank have said. Printing for the…

SBI lowers minimum balance requirement to Rs 3,000

SBI lowers minimum balance requirement to Rs 3,000

The country’s largest lender, State Bank of India, lowered the minimum average monthly balance (MAB) requirement in a savings account to Rs 3,000 from Rs 5,000 and also revised downwards…

Cheque books of SBI’s 6 subsidaries to go invalid from Sept 30

Cheque books of SBI’s 6 subsidaries to go invalid from Sept 30

Cheque books of SBI’s (State Bank of India) 6 subsidiary banks would be invalid from September 30. The bank has notified its customers to stop using the cheque books of…

30 cr families get Jan Dhan accounts in 3 yrs: Minister

30 cr families get Jan Dhan accounts in 3 yrs: Minister

As many as 30 crore families have got bank accounts since the launch of India’s biggest ever bank account opening drive, Jan Dhan Yojana, three years back, Finance Minister Arun…

Centre set to introduce Rs 100 coins soon

Centre set to introduce Rs 100 coins soon

The Centre is all set to roll out Rs 100 coins for the first time in the country. The Ministry of Finance issued a notification regarding the introduction of Rs…

No info on black money removed by note ban: RBI

No info on black money removed by note ban: RBI

The RBI has told a parliamentary panel that it has “no information” on how much black money has been extinguished as a result of demonetisation of Rs 500/1,000 notes or…

99% of junked Rs 500/1000 notes returned to banks: RBI

99% of junked Rs 500/1000 notes returned to banks: RBI

As much as 99 per cent of the junked Rs 500 and Rs 1,000 notes have returned to the banking system, RBI said, prompting Opposition to question the efficacy of…