Alert! Banks to shut down for 3 days in May’s last week: Check full list here
Bank holidays are prevalent every year and customers will see that banks will be closed in many parts of the country for at least 3 days in the last week of May 2021.
May 23, 2021, 16:53 PM IST
Supreme Court permits banks to proceed against personal guarantors under IBC
"In the judgment, we have upheld the notification," Justice Bhat said while reading out the conclusion of the judgement which decided as many as 75 petitions pertaining to the validity of the notification.
May 21, 2021, 13:32 PM IST
Bank holidays in May 2021: Banks to be closed for 12 days; check full list
The banks will also remain closed on the second and the fourth Saturdays in May and four Sundays. The banks will also operate from 10 AM to 2 PM, as per the new guidelines. However, all banking services that are online seem to be available including ATMs, mobile banking, and online banking services even during holidays.
May 01, 2021, 11:00 AM IST
Market update: Sensex down by 400 points, Nifty below 14,800
Sensex opened 0.81 percent, or 405.05 points, lower at 49,360.89, while the Nifty50 index opened at 14,747.35, down 147.55 points, or 0.99 percent. Midcap and smallcap indices saw a decline of over half a percent each. Among sectoral indices, banks, metals, financial services, and auto suffered loss, while gains were seen in Nifty IT and Nifty Pharma.
Apr 30, 2021, 09:43 AM IST
RBI directs banks to halve dividend payouts amid 2nd COVID wave
The Reserve Bank of India (RBI) has directed the banks to restrict dividend payouts to 50% in a bid to conserve capital and stay resilient.
Apr 23, 2021, 16:43 PM IST
IBA asks banks to reduce working hours: THESE 4 services will continue
However, it has been clarified that banks will continue with their services like accepting deposits, cash withdrawals, remittance and government businesses. The SLBCs of each state and union territory will review the situation in their respective locations and decide whether to start additional services or not.
Apr 23, 2021, 16:14 PM IST
Alert! Banks will operate from 10 Am to 2 Pm in Maharashtra
Indian Banks’ Association (IBA) in a meeting on Wednesday has also decided to shorten bank branch hours along with cutting staff attendance by 50%.
Apr 22, 2021, 19:21 PM IST
2nd wave of COVID: Check these latest banking rules before visiting your branch
India is currently witnessing a second wave of the COVID-19 pandemic reported over 2.73 lakh fresh infections in the last 24 hours - the highest since the pandemic broke out last year. According to the Health Ministry, there are currently 19,29,329 active cases in the country.
Apr 21, 2021, 11:38 AM IST
Will localised lockdowns affect your banking activities? Find out here
Are banking services open during partial and total localised lockdowns? Here is the answer to the question.
Apr 12, 2021, 18:21 PM IST
Banks not liable for online fraud: Consumer Court
The Consumer Dispute Redressal Commission in Gujarat's Amreli district refused to accept compensation claims of victim on the grounds that he was duped because of his own negligence.
Mar 18, 2021, 11:14 AM IST
Alert! Cheque books of THESE 7 banks will be invalid from April 1
Andhra Bank and Corporation Bank account holders can now know their new IFSC codes online on the official website of the banks. For this, a customer will have to go to the official website www.unionbankofindia.co.in. After this, you have to click on amalgamation center here. After this, you will be able to know the updated IFSC code.
Mar 15, 2021, 18:19 PM IST
Planning to get a student credit card? Check these 5 great options
A student credit card is very different from a regular credit card. There is no paperwork needed and you won't be asked to show a payslip or an ITR. State Bank of India, HDFC, Axis Bank, and ICICI Bank are the top banks that offer student credit cards. International students can also get credit cards from a few banks.
Mar 08, 2021, 15:53 PM IST
Home loan interest: SBI, Kotak Mahindra Bank, HDFC slash rates
The interest rate war comes as banks are sitting on huge excess liquidity which as of last week was over Rs 6.5 lakh crore, according to Care Ratings. Excess liquidity is a drag on the banks bottomlines as they have to pay interest to depositors which is as low as 2.5 per cent now, though.
Mar 07, 2021, 16:07 PM IST
THIS bank's customers can't withdraw money for 6 months after RBI restrictions
The Reserve Bank also added that it may consider modifications of the directions depending upon circumstances. The issue of the above Directions by the RBI should not per se be construed as cancellation of banking license by RBI. The bank will continue to undertake banking business with restrictions till its financial position improves.
Feb 12, 2021, 11:55 AM IST
RBI cancels licence of yet another bank: Do you have account in this bank? Know what happens to your money
RBI has said that more than 99 percent of the depositors of the bank will get full repayment of their deposits from DICGC.
Jan 12, 2021, 14:01 PM IST
This 94-year old bank's logo, website bears a new look: Check out details
The physical branches of 94-year-old Bank can also be seen with the tweaked logo and the tagline - 'Now part of DBS Bank India Limited'.
Dec 09, 2020, 10:27 AM IST
Lakshmi Vilas Bank to operate as DBS Bank from today; moratorium ends, all restrictions removed
DBIL is a banking company licenced by RBI and operating in India through wholly owned subsidiary model.
Nov 27, 2020, 11:22 AM IST
Good news for Lakshmi Vilas Bank customers as moratorium ends on this date
The RBI had superseded LVB's board on November 17 after the private sector lender was placed under a moratorium.
Nov 26, 2020, 10:58 AM IST
Cabinet nod for Lakshmi Vilas Bank, DBS Bank India amalgamation; no restrictions on cash withdrawal limit
During the one-month moratorium period of Lakshmi Vilas Bank the government had capped withdrawals at Rs 25,000 per depositor.
Nov 25, 2020, 16:43 PM IST
Lakshmi Vilas Bank shares slump 20%; hit lower circuit
The shares plunged 19.76 per cent on BSE to hit its lower circuit limit of Rs 9.95.
Nov 19, 2020, 17:07 PM IST
