Highlights

  • New Delhi: PM in RE-Invest 2020: India is 4th largest among others in renewable power capacity..

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  • New Delhi: India signs MoU with Finland for developmental projects..

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  • New Delhi: Indian Railway launches digitized online Human Resource Management System..

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  • New Delhi: PFC and REC executed MoU with SJVN Thermal Ltd..

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  • Uttar Pradesh: FICCI UP State Council signed an MOU with AFL..

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  • Uttar Pradesh: FICCI UP State Council signed an MOU with AFL..

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  • Bongaigaon: NTPC Bongaigaon and CISF join hands to empower youth for future challenges..

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  • New Delhi: Balmer Lawrie signed the MoU with the Ministry of Petroleum and Natural Gas..

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  • New Delhi: Coal India to set up 3 GW solar power projects worth Rs 5650 crore by 2024..

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  • New Delhi: EPFO conferred with Platinum Partner Award for highest transactions on UMANG App..

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BANK NEWS

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RBI governor raise concern over demand sustainability

Mumbai: On the 4th Foreign Exchange Dealer’s Association Annual Day held on Thursday, November 26th, 2020 the Governor of Reserve Bank of India Shri Shaktikanta Das has raised concerns over the demand sustainability which is consistently sliding down due to the close of markets in the

Posted Date :  27-11-20

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RBI extends the direction period of the Rupee Co-operative Bank Ltd

New Delhi: The Reserve Bank of India extended the validity of the directions from time-to-time, the last being up to November 30, 2020. RBI vide directive dated February 21, 2013, had placed the Rupee Co-operative Bank Ltd., Pune, Maharashtra under Directions from the close of business on Februar

Posted Date :  26-11-20

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Amalgamation of Lakshmi Vilas Bank with DBS Bank India Limited

New Delhi: The Union Cabinet, chaired by the Prime Minister, Shri Narendra Modi has given its approval to the Scheme of Amalgamation of Lakshmi Vilas Bank Limited (LVB) with DBS Bank India Limited (DBIL). On November 17 2020, to protect depositors' interest and in the interest of financial an

Posted Date :  25-11-20

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RBI suggestion on converting large NBFCs into banks

NewDelhi: The Reserve Bank of India suggests converting the large Non-Banking Financial Company (NBFCs) into banks according to the fulfillment of certain criteria.   The central bank panel recommended that Well run large NBFCs, with an asset size of Rs 50,000 crore and above, i

Posted Date :  20-11-20

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SBI upgrading Internet banking-regrets for the inconvenience

New Delhi: The State Bank of India's one more step towards giving the best services to its customers. India's largest public sector bank is set to upgrade its internet banking platform to provide for a better experience.    SBI says, "We request our esteemed custome

Posted Date :  19-11-20

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PMC Bank revival mode as investors are showing interest

Maharashtra: After a massive loss faced by the Punjab and Maharashtra Cooperative Bank, there comes a ray of hope from some investors of the Business group. these groups have shown interest in the revival of the beleaguered PMC Bank.   It has been said that there are few enquiri

Posted Date :  18-11-20

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RBI imposed a penalty on the Central Bank of India of Rs 50 lakh

New Delhi: RBI, Reserve Bank imposed a penalty of Rs 50 lakh on the Central bank of India for non-compliance with its directions on disbursal of some housing loans, on Tuesday said.    RBI mentioned in its statement, "Reserve Bank of India (RBI) has, by an order dated Novem

Posted Date :  17-11-20

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Huge rise in BOI Q2 net profit jumps 97 percent

New Delhi: Bank of India a Public sector lender on Friday posts a net profit of Rs 526 crore in the September quarter of FY21, up 97% year on year (YoY), owing to a 22% rise in other income on a year-on-year basis to Rs 1,613 crore. Profit growth was supported by net interest income (NII), which

Posted Date :  07-11-20

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Know which Banks will levy charges on deposit and withdrawing money

New Delhi: Some of the Private and Public undertaking banks including Bank of Baroda and Axis Bank will now charge from their customers on deposit and withdrawing money. As per reports, the Bank of Baroda will start charging its customers for transactions beyond the prescribed limits from Novembe

Posted Date :  02-11-20

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A penalty imposed on jio payment bank by RBI

New Delhi: The reserve bank of India has imposed the penalty of Rs. 1 crore on  Indian payments bank, Jio payment bank for not following the guidelines of RBI.    The jio payment bank has faiLed to follow the RBI directions on timely submission of application in the case of

Posted Date :  31-10-20

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RBI observes Vigilance Awareness Week organized panel discussion

New Delhi:The Reserve Bank of India is observing the Vigilance Awareness Week with the theme “Vigilant India, Prosperous India” from October 27 to November 02, 2020. Various events are being organised at Central Office and Regional Office levels. As a part of upholding the spirit of &

Posted Date :  30-10-20

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Central Bank of India Ranchi inaugurates Vigilance Awareness Week

Ranchi: The Central Bank of India inaugurates Vigilance Awareness Week in its regional office in Ranchi, following the special week every branch of the bank takes part equally.    On this occasion, staff members at Regional Office, Ranchi, and all branches of the region took the

Posted Date :  29-10-20

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Union Bank of India observed Vigilance Awareness Week

Mumbai: Union Bank of India is observing Vigilance Awareness Week from 27th October to 2nd November on the theme, "Vigilant India, Prosperous India" envisaged by the Central Vigilance Commission. Various programmes/webinars are scheduled by the Bank for creating awareness

Posted Date :  28-10-20

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CSB Bank partners with IIFL Finance

New Delhi: One of the oldest Private-sector lender CSB Bank (Catholic Syrian Bank) entered into the partnership with IIFL Finance, a non-banking finance company for sourcing and managing retail gold loan assets.   C.V.R. Rajendran, Managing Director & CEO of CSB Bank, while speak

Posted Date :  27-10-20

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SBI raised Rs 5000 crores by issuing Basel-III compliant bonds

New Delhi: The biggest state lender, State Bank of India has raised Rs 5,000 Crores on Monday by issuing Basel-III compliant bonds. The directors of the committe approved to allot the cappital raising.    Bank Mentions that, the debentures qualifying as tier II capital of the ba

Posted Date :  27-10-20

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ICICI bank shut its operations in Sri Lanka

Sri Lanka: ICICI Bank, an Indian multinational banking and financial services company on Saturday shuts its operations in sri lanka after getting approval from sri lanka monetary authority.    The ICICI mentions its regulatory filling that, The Monetary Board of the Central Bank

Posted Date :  26-10-20

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RBI held its 585th Meet with the central board

New Delhi: The Central Board of Reserve Bank of India (RBI) met on October 23, 2020) under the Chairmanship of Shri Shaktikanta Das, Governor through video conference. This was the 585th meeting of the Central Board.   The Board reviewed the current economic situation, continued glob

Posted Date :  24-10-20

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HDFC Bank thanks Shri Aditya Puri for giving his glorious 25 years

Mumbai: India's Leading private lender HDFC Bank thanks their Managing Director and Chief Executive Officer Aditya Puri for giving the bank his precious 25 years. Shri Aditya Puri is set to retire on October 26. the senior management and staff of the bank mark his presence as a good leade

Posted Date :  24-10-20

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SBI changed its cash withdrawing rules from ATM

New Delhi: State Bank of India, India's largest public-sector lender has changed its rules related to OTP-based cash withdrawal from ATMs. SBI already announced the extension of time for OTP-based cash withdrawal from ATMs in September. SBI mentioned that the customers can now make ATM wi

Posted Date :  23-10-20

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RBI Governor said India is at doorstep of revival process

Mumbai: The governor of Reserve Bank of India Shri Shaktikanta Das said India is “at the doorstep of the revival process” from the coronavirus pandemic, in response to a question at a panel discussion conducted by Bloomberg Quint on Wednesday.   Both fiscal and mone

Posted Date :  21-10-20

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Union Bank of India launch MSME Utsav for loans to MSMEs

The Union Bank of India on Monday (October 19, 2020) launched an MSME Synergy campaign virtually through video conferencing. This festive campaign is specially launched to give the proper loan and services to the Micro, Small and Medium Enterprises (MSMEs).    The

Posted Date :  20-10-20

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Bank of Baroda completes technology integration with Vijaya Bank

New Delhi: Bank of Baroda completes the technology integration with former Vijaya Bank’s branches. Currently, the bank has now enabled 21 million Vijaya Bank customers to have access to Bank of Baroda’s banking services.   Accenture is now helping align former Dena B

Posted Date :  19-10-20

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Paytm is in talks with various banks to launch co-branded cards

Paytm an Indian e-commerce payment system and fintech company is planning to launch its co-branded cards. Paytm is in talks with the various banks to issue over two million new cards in the next 18 months, the company is pushing towards into the credit card issuance and management business. &

Posted Date :  19-10-20

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RBI imposed a High penalty on IndusInd bank

New Delhi: The Reserve bank of India has imposed the high penalty on the IndusInd Bank of Rs. 4.5 crores (Rupees Four crore and fifty lakhs only) on October 16, 2020 for non-compliance with certain provisions of directions issued by RBI on ‘Exposure Norms’, ‘Prudential Norms on

Posted Date :  17-10-20

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MD of Union Bank elected as chairman of Indian Banks Association

New Delhi: Shri Rajkiran Rai G, Managing Director and CEO of the Union bank of India has been elected as Chairman of the Indian Bank of Association for the term of 2020-2021 at the meeting held on October 16, 2020.   A press release mentions, “The managing committee of IBA at i

Posted Date :  17-10-20

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Supreme court decision on ‘interest waiver’

The Supreme Court on Wednesday ruled its decision to waive off the ‘interest on interest’ on loan. The SC also asked the central government to implement its decision on this matter at the earliest while hearing a batch of petitions seeking interest waiver during the Loan moratorium.  

Posted Date :  14-10-20

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