Highlights

  • New Delhi: Anup Chandra Pandey appointed as new Election Commissioner..

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  • New Delhi: LIC Chairman M R Kumar got nine-month extension from Govt..

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  • New Delhi: India Oil Refiners Shut for Work Before Likely Demand Pickup..

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  • PFC extended 3 crores support for construction of Dr. KB Hegdewar School..

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  • New Delhi: NBCC signs MoU with ALIMCO to contribute 100.62 lacs..

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  • New Delhi: BDL received order of Rs 372.98 crore to supply MRSAM Missile..

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  • New Delhi: Market-Cap of all good PSUs stood 19.45 Lakh..

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  • New Delhi:GAIL honored with Golden Peacock Award..

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  • New Delhi: HSCC's agreement of worth 1,800 crore for upgradation medical projects..

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  • New Delhi: Capex utilisation in DFCCIL increased 21%-Railway Minister reviewed the progress..

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BANK NEWS

RBI imposed a penalty of Rs. 1.95 cr. on Standard Chartered Bank

New Delhi: The Reserve Bank of India (RBI) has, by an order dated October 18, 2021, imposed a monetary penalty of Rs. 1.95 crores (Rupees One Crore and Ninety-five Lakh only) on Standard Chartered Bank - India (the bank) for non-compliance with the directions issued by RBI on ‘Customer Protect

Posted Date :  18-10-21

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RBI imposed a penalty of Rs. 1 cr. on State Bank of India

New Delhi: The Reserve Bank of India (RBI) has, by an order dated October 18, 2021, imposed a monetary penalty of Rs. 1 crore on the State Bank of India for non-compliance with the directions contained in ‘Reserve Bank of India (Frauds classification and reporting by commercial

Posted Date :  18-10-21

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Pankaj Kumar Panja appointed as part-time Chairman of Karnataka Bank

New Delhi: The Reserve Bank of India (RBI) on Friday, 15 Oct approved the appointment of Pankaj Kumar Panja as part-time Chairman of Karnataka Bank which will come into effect from 14, November 2021 for a period of three years. The bank announced the appointment in a regulatory filing today. Th

Posted Date :  15-10-21

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BharatPe announced Rajnish Kumar, Former SBI chief as Chairman

New Delhi: The fintech company BharatPe announced the onboarding of the former Chairman of State Bank of India Mr. Rajnish Kumar as the company's Board Chairman. According to the BharatPe statement, He will be involved in defining the company’s short-term and long-term strategies, and

Posted Date :  13-10-21

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RBI authorizes Karur Vysya Bank to collect Direct Taxes

India:  Reserve Bank of India has authorized Karur Vysya Bank to collect Direct Taxes on behalf of the Central Board of Direct Taxes (CBDT). Following the approval received, the bank has initiated the integration process with CBDT.  Once completed, customers of the Bank can remit their

Posted Date :  13-10-21

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ICICI Bank announced ‘Home Utsav’, offers exclusive benefits

Mumbai: ICICI Bank today announced the launch of ‘Home Utsav’, a virtual property exhibition that digitally showcases real estate projects by renowned developers from key cities across the country. The exhibition offers enhanced convenience to prospective home buyers as they can select t

Posted Date :  13-10-21

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Initial Disclosure: Bandhan Bank's Sharp Growth in Q2 FY22

New Delhi: An Indian banking and financial services company, Bandhan Bank showed the effective collection for the month of September. The total deposits showed an increase of 6% (QoQ) and 24% (YoY). The Bank has shown the Bank's Deposits, Advances, and other information for the quarter

Posted Date :  09-10-21

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No change in RBI`s Repo Rate; 4% for the 8th time in a row

New Delhi: The Central Bank (RBI) on Friday released the Monetary Policy Report which mentioned the various measures taken by the RBI. The Monetary Policy Committee was chaired by the RBI governor Shaktikanta Das. According to the RBI statement, the central bank has kept the key lending rate- R

Posted Date :  08-10-21

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RBI imposed 1 lakh penalty on Kheda People`s Co-operative Bank

New Delhi: The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1 lakh (Rupees one lakh only) on The Kheda People’s Co-operative Bank Ltd., Kheda (Gujarat) for contravention of directions issued by RBI on ‘Loans and advances to directors, relatives and firms/ concern

Posted Date :  07-10-21

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ICICI Bank launches contactless payment solution through iMobile Pay

Customers can tap their NFC enabled Android smartphones to pay at merchant outlets Over 1.5 crore debit and credit card customers to benefit from this service Mumbai: ICICI Bank today announced the launch of a contactless payment service through its banking app, iMobile Pay, that enables custo

Posted Date :  06-10-21

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Indian Overseas Bank announced festival offers for its customers

Chennai: Indian Overseas Bank (IOB), a leading public sector bank headquartered in Chennai, announced several festivals offers for its customers. These offers will be extended up to December 31, 2021.   The offers include * 100% waiver of processing charges for Housing Loan (Subhagruha

Posted Date :  30-09-21

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HDFC Bank to expand its reach to 2 lakh villages in the next 2 Years

Mumbai: India’s leading private sector bank, HDFC Bank is planning to reach more villages to expand its services in rural areas. The expected period for the plan is 18 to 24 months. The bank plans this expansion through a combination of branch networks, business correspondents, business facili

Posted Date :  29-09-21

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RBI imposed 2 crore monetary penalty on RBL Bank Limited

New Delhi: The Reserve Bank of India on September 27, 2021, imposed a monetary penalty of Rs 2 crore on RBL Bank Limited for contravention of section 28 (h) of the Reserve Bank of India (Interest Rate on Deposits) Directions, 2016, and for non-compliance with the provisions of clause (b) of sub

Posted Date :  28-09-21

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Federal Bank launches RuPay Signet Contactless Credit Card

Mumbai: Federal Bank joined hands with the National Payments Corporation of India (NPCI) to launch the ‘Federal Bank RuPay Signet Contactless Credit Card’. One of the major highlights of this card is, it comes with the lowest Annual Percentage Rate (APR) starting from just 5.88% per annu

Posted Date :  27-09-21

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Federal Bank partners with Ashok Leyland

Chennai: Federal Bank, India’s leading Private Sector Bank today signed a Memorandum of Understanding (MoU), with Ashok Leyland, flagship of the Hinduja Group, the second-largest commercial vehicle manufacturer in India with their complete range of BS6 vehicles.     The MoU wa

Posted Date :  22-09-21

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HDFC launching co-branded credit cards, partners with Paytm

Mumbai: HDFC Bank and Paytm, India’s leading digital ecosystem for consumers and merchants (1), on Monday, September 20, 2021, announced plans for launching a comprehensive range of credit cards powered by VISA. In a first-of-its-kind alliance, the partnership aims to provide one of the w

Posted Date :  22-09-21

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Yes Bank partners with Visa to offer credit cards

Mumbai: YES BANK announced its partnership with Visa to offer credit cards to its customers on the payment platform. With the partnership, the Bank commences issuance of select credit card variants, consumer as well as commercial, on Visa’s payment network – the transition has been achie

Posted Date :  21-09-21

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Union Bank inks its first sustainability-linked loan aggregating

Mumbai: One of the largest Public Sector Banks in India Union Bank of India on Tuesday states that the bank has secured its first sustainability-linked loan aggregating, "overseas loan facility" through its international banking division. The leading bank mentioned that the total syndicate

Posted Date :  15-09-21

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Karnataka Bank launches a new POS device, 'WisePOSGo'

New Delhi: Karnataka Bank launched WisePOSGo - a POS device (Point of Sales swiping machine) that processes business payments, in collaboration with Mswipe Technologies for the Bank's merchant customers. Mahabaleshwara M.S, MD & CEO, said "This is yet another product in line with our

Posted Date :  11-09-21

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HDFC Bank inks MoU with NSIC to offer credit support to MSMEs

New Delhi: Continuing its robust efforts to support MSMEs, HDFC Bank, India’s largest private-sector bank, has signed a Memorandum of Understanding (MoU) with National Small Industries Corporation (NSIC) to offer credit support to MSMEs across the country. As part of this collaboration, HDF

Posted Date :  08-09-21

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RBI imposed monetary penalty of 25 lakh on Axis Bank Limited

New Delhi: The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 25 lakh (Rupees Twenty five lakh only) on Axis Bank Limited (the bank) on Wednesday for contravention of/non-compliance with certain provisions of directions issued by RBI contained in the Reserve Bank of India &nda

Posted Date :  02-09-21

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Shanti Lal Jain assumed charge as MD and CEO of Indian Bank

New Delhi: Shri Shanti Lal Jain assumed charge as Managing Director and Chief Executive Officer of Indian Bank on 1st September 2021. Prior to this, he served as Executive Director of Bank of Baroda since September 2018.   A Post Graduate in Commerce, with Professional Qualification of Charte

Posted Date :  01-09-21

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E-commerce sites are no longer to store card data: RBI

New Delhi: The e-commerce websites are now no longer to store the card data of their customers on their sites, as seeing the more ransomware attacks the Reserve Bank of India has come up with this tough decision.   RBI's ban on the storage of card details will lead towards the less fr

Posted Date :  25-08-21

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