Banks Need To Deal With Poor Loan Defaulters In Sensitive, Humane Way: FM Nirmala Sitharaman
There have been instances of representatives of banks even indulging in physical violence while trying to recover loan instalments.
Jul 24, 2023, 14:21 PM IST
Credit Card Spending Hits Record High At Rs 1.4 Lakh Crore In May; Cards In Use At 87.4 Million
Similarly, the number of cards in use has also jumped by more than 5 million since January and crossed 87.4 million in the reporting month, making this also an all-time high in May, according to the RBI data. Of the new additions, as much as 2 million were used in the first two months of the current fiscal alone.
Jul 16, 2023, 15:03 PM IST
RBI To Target Unclaimed Money In Banks’ Accounts, FDs From June 1; Check How To Claim It?
Beginning on June 1, 2023, banks will commence their participation in the '100 Days 100 Pays' campaign. This campaign aims to expedite the process of identifying and locating the owners or claimants of unclaimed deposits.
May 20, 2023, 16:08 PM IST
What Will Happen If A Bank Refuses To Exchange / Accept Deposit Of ₹2000 Banknote?
RBI has announced to wtihdraw Rs 2000 denomination notes from circulation. It has requested banks to exchange/ deposit Rs 2000 notes from May 23, 2023.
May 19, 2023, 23:32 PM IST
SBI ATM Franchise Business, icici ATM Franchise Business, pnb ATM Franchise Business, hdfc ATM Franchise Business: Get Rs 70,000 Monthly Income By Investing Rs 5 Lakh Once
With the help of a one-time investment and a third-party business opportunity called ATM-Franchise, you can start earning a respectable monthly income.
Apr 18, 2023, 10:38 AM IST
ATM Franchise Biz Idea: Earn Up To Rs 70,000 Per Month By Investing Rs 5 Lakh Once
For the installation of ATMs in India, the majority of banks have agreements with Tata Indicash, Muthoot ATM, and India One ATM.
Apr 04, 2023, 15:36 PM IST
'Treat Customer As God': MoS Finance To Banks
With regard to Kisan Credit Card (KCC), he urged banks, including BoM for expanding the reach of the KCC scheme to more farmers and ensure time-bound saturation.
Mar 18, 2023, 17:27 PM IST
ATM Franchise Business: Earn Up To Rs 70,000 Per Month By Investing Rs 5 Lakh Once
ATM-Franchise is a third-party business opportunity that gives you an opportunity to earn a handsome monthly income by spending a one-time amount.
Feb 28, 2023, 12:02 PM IST
Bank Holidays 2023: Banks to be Closed for 12 Days in March, Check Full List
While banks remain on holidays for 12 days in March, the online, ATMs, cash deposit and mobile banking services will remain operational without any hiccup.
Feb 21, 2023, 18:02 PM IST
Budget 2023: Govt may not announce capital infusion for PSU banks in Budget 2023-24
The government last provided capital support to banks in 2021-22. It had earmarked Rs 20,000 crore for recapitalisation of PSBs through supplementary demands for grants.
Jan 22, 2023, 15:19 PM IST
Indian govt lets banks to use face recognition, iris scan for some transactions
The Aadhaar card has a unique number tied to an individual's fingerprints, face and eye scan. India's finance ministry in December asked banks to take "necessary action" on a letter by the Unique Identification Authority of India (UIDAI), which suggested verification should be done through facial recognition and iris scanning.
Jan 15, 2023, 08:03 AM IST
No need to visit bank to update KYC if you have done this already; Check what RBI said for banks' verification process
A new KYC process is needed if KYC documents available in bank records do not conform to the present list of officially valid documents -- passport, driving licence, proof of the possession of an Aadhaar number, voter's identity card, NREGA job card and letter issued by the National Population Register.
Jan 06, 2023, 17:06 PM IST
New Bank locker rules from Jan 1, 2023; Check important guidelines for locker renters
RBI had announced revised guidelines on August 8, 2021, which became effective from January 1, 2022. Locker owners must now display their eligibility for a new locker arrangement and sign a renewal agreement prior to January 1, 2023.
Dec 24, 2022, 14:18 PM IST
Banks looking at possibility of rupee trade with Bangladesh, African nations
Union Bank of India has opened a special rupee account of Ros Bank Russia while Chennai-based Indian Bank has opened such accounts of three Sri Lankan banks, including Colombo-based NDB Bank and Seylan Bank
Dec 18, 2022, 16:07 PM IST
Cumulative recovery rate under insolvency resolution falls to 30.18 pc in September qtr: Report
The overall recovery rate implies a haircut of around 70 per cent for the lenders. The Insolvency and Bankruptcy Board of India (IBBI) is a key institution in implementing the Insolvency and Bankruptcy Code (IBC), which provides for market-linked and time-bound resolution of stressed assets.
Nov 27, 2022, 16:21 PM IST
Invest Rs 5 lakh once, earn up to Rs 70,000 per month sitting at home; Check details
This ATM-Franchise is a third-party business opportunity. State Bank of India has no direct involvement in it or nothing to do with this business model. There exist appointed/approved third parties that undertake the setting up of bank ATMs, and SBI has no direct role in this process.
Nov 01, 2022, 20:50 PM IST
Integrated Ombudsman Scheme: Register your complaint against bank or its staff directly to RBI with THESE steps
It’s an overarching platform where customers can register their complaints against Banks, NBFCs, or Bad behaviours of bank officers, or any problem related to ATM and Banking system.
Oct 29, 2022, 17:14 PM IST
PM Modi to inaugurate 75 digital banking units (DBUs) of various banks on October 16
The DBUs are being set up to ensure that the benefits of digital banking reach every nook and corner of the country. Eleven banks in the public sector, 12 in the private sector and one Small Finance Bank are participating in the endeavour.
Oct 15, 2022, 18:07 PM IST
RBI planning to adopt 'expected loss' approach for banks' loan provisioning
RBI Governor said the approach to make provisions or set aside money on the probable losses is a globally accepted prudent norm. At present, larger non-bank lenders have already been using the expected loss approach for provisioning since 2018.
Sep 30, 2022, 12:33 PM IST
