Highlights

  • Bhubaneswar: NALCO holds 39th Annual General Meeting..

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  • New Delhi. 61st Annual General Meeting of Oil India Limited..

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  • New Delhi: POWERGRID signed MoU with Ministry of Power Govt. of India..

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  • New Delhi. 50th Annual General Meeting of HUDCO..

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  • New Delhi: SAIL chairman nominated to chair CII PSE Council. webindia123..

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  • New Delhi. RBI appoints its director D K Kashyap on board of Dhanlaxmi Bank for 2 yrs.BS..

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  • New Delhi: CCL signed MoU with CIPET..

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  • New Delhi. PFC signs MoU with Govt. of India detailing targets for FY 2020-21..

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  • New Delhi. NHPC hosts 44th Annual General Meeting..

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  • New Delhi: 44th Annual General Meeting of KIOCL..

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BANK NEWS

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RBI approved Interim panel to run operations in Dhanlaxmi Bank

New Delhi: The Reserve Bank of India on Thursday approved a three-member panel till the New managing director (MD), and chief executive officer (CEO) take charge. The committee of directors will be constituted with Shri. G. Subramonia lyer as chairman, G. Rajagopalan Nair and P.K Vijayakumar as m

Posted Date :  01-10-20

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SBI announced an alert of CYBER CRIME via WhatsApp

New Delhi: The State Bank of India made an important announcement for their customers to beware of the cyber criminals. The bank states that the crimes are happening through WhatsApp, calls and messages.   The bank twitted, “Don’t let cyber criminals fool you! Please be aware and sta

Posted Date :  01-10-20

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Will PNB take over Lakshmi Vilas Bank..

New Delhi: The Reserve Bank of India said the Punjab National Bank to be ready to take over the Lakshmi Vilas Bank if the merge between Lakshmi Vilas and Clix Capital will not take place. The Lakshmi Vilas Bank has been facing troubles after shareholders rejected the appointment of seven dire

Posted Date :  30-09-20

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RBI Extends the Relaxation in WMA limits and OD regulations

New Delhi: The Reserve Bank of India extending the interim relaxation in the Ways and means advances (WMA) for the relief in COVID-19, providing the benefits to the state government under COVID-19 measures. With a view to provide greater comfort to State Governments in undertaking COVID-19 conta

Posted Date :  29-09-20

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Indian Bank providing new paperless IB eNote Facility

New Delhi: Indian Bank unveiled its new paperless IB-eNote Facility for giving the employees a paperless work environment which improves and covers up the time considerably. The initiative is expected to save costs on paper, printing, and other administrative expenses. The bank has customized Sha

Posted Date :  29-09-20

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SBI donated 5 ambulances to various hospitals

Lucknow: On the occasion of Vishwakarma Diwas, Hon'ble CM of Uttar Pradesh inaugurated the activity of disbursement of loans to artisans while our Lucknow Circle donated 5 ambulances to various hospitals for fighting Corona. Honourable CM, thanked SBI for this extraordinary gesture.

Posted Date :  18-09-20

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HDFC Bank holds its position still in No1

New Delhi: India’s largest private lender HDFC Bank holds its top position among the country’s 75 most valuable brands, with the brand value at $20.2 billion, according to a report by WPP Plc and Kantar.   The HDFC Bank is holding its position from continuous seven years followed by

Posted Date :  18-09-20

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Union Bank may fill personal insolvency proceedings against DHFL

New Delhi: DHFL may face a personal insolvency proceeding by the Union Bank of India after the government allowed in the personal insolvency proceeding against the promoters. DHFL owes the Rs 3,516 crores to Union Bank of India.  The Union Bank of India will perform the proceeding on behalf

Posted Date :  18-09-20

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HDFC Bank launched video KYC

New Delhi: HDFC Bank India’s largest private lender has launched a video KYC facility for its customers to be able to sit at their home or office. The bank is making it more secure and quick which will be paperless, contactless just a recorded interaction between a bank official and the custome

Posted Date :  17-09-20

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PMC Bank approached the Finance Ministry to raise fund

New Delhi: The Punjab and Maharashtra Cooperative Bank has recently approached the Finance Ministry for the help of raising funds, as the bank is facing issues from last year and they mention that the depositor’s money is stuck and the bank does not have adequate fund. So, the bank wants help from

Posted Date :  17-09-20

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SBI and Titan partnered launched contactless payment watch

New Delhi: The country’s largest lender State Bank of India and Titan partners to launch for the first-time contactless payment watch. The stylish watches will be powered by the YONO SBI known as Titan Pay.  Again, the Titan is giving its best functionalities in these watches with a secur

Posted Date :  17-09-20

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DBS Bank India unveiled its online credit solutions platform

New Delhi: DBS Bank India unveiled its online credit solutions platform with a credit worth of Rs. 20 crores on Wednesday (September 16, 2020) it will be available for the small and mid-businesses to avail the loan facility easily said in a release. The bank’s customers can avail the loan w

Posted Date :  17-09-20

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Punjab National Bank Organized Swachhata Pakhwada

Guwahati: The Punjab National bank takes the initiative to wake up the nation by organizing the "Swachhata Pakhwada" to promote the "Swachh Bharat Mission".  The government of India first initiate and awake the world with this mission, people get motivated and propelled by the Mission. 

Posted Date :  16-09-20

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Indian Bank inaugurates its another branch in Chennai

Chennai: The Indian Bank inaugurated the three amalgamated banks at Chennai, the executive director of the bank Shri M K Bhattacharya, said that “Indian Bank amalgamated 6 branches so far and the way forward will be amalgamating more than 300 branches which not only will help reduce costs but a

Posted Date :  16-09-20

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SBI extends the withdrawal facility in its new OTP Based ATM

New Delhi: India’s largest public lender State Bank of India has extended its new OTP Based (One Time Passcode) the facility of withdrawing cash now 24/7. The bank will effect the facility from September 18, 2020, and customers can withdraw the amount above 10,000.  Earlier in January, the

Posted Date :  16-09-20

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RBI takes the step to recover the economy

New Delhi: The Governor of the Reserve Bank of India on Wednesday address a meeting of FICCI’s National Executive Committee, where he mentions that the economy has not reached full speed, it will move forward gradually. The availability of large amounts of cash from RBI has ensured large scale

Posted Date :  16-09-20

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Banks debt affected the most by COVID-19

New Delhi: The COVID-19 outbreak hit every single business and sector into the stress which is making it worst. The recent report by the Reserve Bank of India, the expert headed by Shri K V Kamath, states that this pandemic has affected eh maximum best companies and business, and currently bankin

Posted Date :  16-09-20

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Central Bank offering home loans on an interest rate of 6.85 percent

New Delhi: The Central Bank of India is now offering home loans on the lower interest rate of 6.85 percent as per the branch manager of the bank L Chetan Kumar.   The central bank arranged a meeting on Tuesday where he explained the customers about loan products. The staff of the bank re

Posted Date :  16-09-20

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Indian Bank inaugurates its another branch in Chennai

Chennai: The Indian Bank inaugurated the three amalgamated banks at Chennai, the executive director of the bank Shri that “Indian Bank amalgamated 6 branches so far and way forward will be amalgamating more than 300 branches which not only will help reduce costs but also provide services to the c

Posted Date :  16-09-20

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SBI extends the withdrawal facility in its new OTP Based ATM

New Delhi: India’s largest public lender State Bank of India has extended its new OTP Based (One Time Passcode) facility of withdrawing cash now 24/7. The bank will effect the facility from September 18, 2020, and customers can withdraw the amount above 10,000.    Earlier in January,

Posted Date :  16-09-20

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Yes Bank joined the initiative by SIDBI PSB loans in 59 minutes

New Delhi: Yes, Bank has recently joined the initiative launch by the Small Industries Development Bank of India (SIDBI) to give quick facility and hassle-free credit access to the MSMEs. This initiative of PSB loans in 59 minutes is to boost the business opportunities in the sector of Micro, Sma

Posted Date :  15-09-20

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The cooperative banks will be supervised by the Reserve Bank of India

New Delhi: The government of India introduced the Banking Regulation Act in the Lok Sabha to bring cooperative banks under the supervision of Reserve Bank of India.    The Union Finance minister of India Nirmala Sitharaman introduced the bill in the Lok Sabha to replace the ordinance which was p

Posted Date :  15-09-20

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The Union Govt may infuse Rs 20,000 crore in Public Sector Banks

New Delhi: In the past few years, the government has infused around 3.5 trillion in the PSBs. On Monday the government of India goes for the parliament nod for “meeting additional expenditure of Rs 20,000 crore” through the recapitalization of bonds into state-owned banks in the fourth quarte

Posted Date :  15-09-20

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RBI projection on inflation and growth forecast on October 1

New Delhi:  The Reserve Bank of India earlier announced its monetary policy in February, now it is expected to be released its forecast of the newly reviewed projection on October 1, 2020. The RBI has to make its projection in every six months.  The meet of the six members of the monetary p

Posted Date :  14-09-20

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SBI special FD scheme extended till year-end

New Delhi: The country’s largest lender state bank of India earlier announced a scheme in May for the senior citizen to give the higher interest rates on their money, now the ‘SBI Wecare’ extended the special fixed deposits scheme till the year-end which is earlier valid up to 30, September

Posted Date :  14-09-20

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Punjab National Bank organized "Swachhata Pakhwada"

GUWAHATI: The Punjab National bank takes the initiative to wake up the nation by organizing the to promote the "Swachh Bharat Mission".    The Punjab National Bank members voluntarily and wholeheartedly participated and organized walkathons, street plays, and cyclothon. Outreach camps are

Posted Date :  14-09-20

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SBI special FD scheme extended till year-end

New Delhi: The country’s largest lender state bank of India earlier announced a scheme in May for the senior citizen to give the higher interest rates on their money, now the ‘SBI Wecare’ extended the special fixed deposits scheme till the year-end which is earlier valid up to 30, September 20

Posted Date :  14-09-20

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SBI includes COVID-19 treatment under its insurance scheme

New Delhi: The State Bank of India is giving special treatment to its retired employees by including the treatment for Coronavirus under its medical insurance scheme. The bank is also providing other treatments for diseases like chronic obstructive pulmonary disease (COPD)/asthma under the same SBI

Posted Date :  12-09-20

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Yes Bank has cleared its dues worth Rs. 50,000

New Delhi: The private lender Yes bank faced a money crisis earlier this year and borrowed the money amounting Rs. 50,000 under the special Liquidity facility) which are now fully repaid to the Reserve Bank of India.    Further, he mentions   He said for sustainable growth there should

Posted Date :  10-09-20

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Supreme Court extends loan moratorium till September 28

New Delhi: The Supreme Court on Thursday gives the extension on the loan Moratorium till September 28, 2020, and instructed the bank officials to not charge any of the customers in any bank. The loan procedure will continue as per earlier the loan Moratorium was going.    The Centre als

Posted Date :  10-09-20

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SBI launching the web portal to showcase the restructuring framework

New Delhi: The State Bank of India will soon launch the new web portal for the website to showcase the Recently resolution framework announced by the Reserve Bank of India. This new application window will allow the borrower to reach the eligibility for recasting in two to three days, as sources sai

Posted Date :  09-09-20

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Bank of India introduced “Signature Visa Debit Card”

New Delhi: The Bank of India launched on Monday its latest Signature Visa Debit Card, an official statement mentioned that this international contactless debit card will be available in the metal and plastic variants.    The spending limit of the card is around Rs. 5 Lakhs on POS and e-commerce,

Posted Date :  08-09-20

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SBI’s plans to recruit around 14,000 people in the coming year

New Delhi: State Bank of India is planning for recruiting around 14,000 people in the coming year said on Monday. While cutting the statement over the recently proposed VSR program that this is the cost-cutting process for over 30,000 people from staff and mentioned that the bank is planning to recr

Posted Date :  08-09-20

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RBI withdrew internal circular for staff amends Unlock 4.0

New Delhi: On late Sunday the Reserve Bank of India withdrew an internal circular which invites the attention of the Regional Offices and the central office departments to the ‘Standard Operating Procedures’ for dealing with the positive cases of COVID-19.    Bank mentions that “It is reit

Posted Date :  07-09-20

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SBI VRS the proposed scheme beneficial for over 30,000 employees

New Delhi: The State Bank of India launched the VRS scheme for the better optimization of human resources and the cost of the bank, this scheme is very valuable for the employees.  The report says that around 30,190 employees are eligible for this VSR scheme.  'Second Innings Tap VR

Posted Date :  07-09-20

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DBS bank India opened a branch in Bhubaneswar

Bhubaneswar: DBS Bank limited comes up with a new branch opened in Bhubaneswar, the bank is rapidly going with the 25 cities and 35 branches in the country which is rapidly growing. The branch will look over the comprehensive portfolio on the financial products and services to small and medium bu

Posted Date :  07-09-20

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