MD of Union Bank elected as chairman of Indian Banks Association

Interest rate and other banking services for LVB customers will remain unchanged

New Delhi: No worries for Lakshmi Vilas Bank's customers, after the merger between DBS Bank and LVB, the DBS Bank India on Monday mentioned that the services including interest rates on savings and fixed deposits and further banking services will remain the same, there will be no such changes
Posted Date : 30-11-20

A major decline will be faced in Indian Banks capital: Moodys Investors

New Delhi: Talking about Indian Banks capital Moody's Investors on Monday said that the bank capital will moderately fall in emerging Asia over the next two years, with India seeing larger capital decline without further infusion. One of the biggest threats for emerging market
Posted Date : 30-11-20

RTGS timings: will now available round-the-clock from December onwards

New Delhi: The RTGS (Real Time Gross Settlement System) timing will be now available 24 hours from December onwards. The service will be performed round-the-clock instead of 7 am to 6 pm on all working days of a week, except the second and fourth Saturdays of every month. RBI
Posted Date : 30-11-20

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

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

LVB Ltd branches will operate as DBS Bank branches from tomorrow onwards

New Delhi: The Government of India has sanctioned the Scheme for the amalgamation of the Lakshmi Vilas Bank Ltd. with DBS Bank India Ltd on November 25, 2020. The amalgamation will come into force on the Appointed date i.e. November 27, 2020. All the branches of the Lakshmi Vilas Bank Ltd. will f
Posted Date : 26-11-20

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

RBI constitutes IWG to review the ownership guidelines for Indian private sector banks

New Delhi: The Reserve Bank of India had constituted an Internal Working Group (IWG) on June 12, 2020 to review extant ownership guidelines and corporate structure for Indian private sector banks. The Terms of Reference of the IWG inter alia included review of the eligibility criteria for individ
Posted Date : 24-11-20

Corporate hands on Banking Sector most NBFCs are corporate groups

New Delhi: Keeping the RBI's criteria to get a banking licence with assets of Rs 50, 000 crores, half of the measured NBFCs are qualifying the norms. The RBI's norm mentioned that the well-run NBFCs with assets of the above Rs 50, 000 crores including which are ow
Posted Date : 24-11-20

Indian banks including public sector not been able to set up the credit needs due to limited capital

New Delhi: The continuous decline in the credit growth since 2009-10 till 2020-21 it is showed that the Indian Bank including the public sector banks has a drawback and unable to set up the credit needs of the economy due to limited capital. The new gateways of the banking to
Posted Date : 23-11-20

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

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

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

HDFC aware people from its Mooh Band Rakho campaign to save money from fraudsters

Mumbai: In a virtual event organized by the HDFC Bank launched its “Mooh Band Rakho” campaign Today. It was launched by Retd. Lt General Dr. Rajesh Pant, National Cyber Security Coordinator, Government of India and Mr. Jimmy Tata, Chief Risk Officer, HDFC Bank.
Posted Date : 17-11-20

Smriti Mandhana the New Brand Ambassador of Equitas Small Finance Bank

Mumbai: The largest small finance bank in India Equitas Small Finance Bank announced Smriti Mandhana the Indian Woman Cricketer as the new brand ambassador. Mr. Murali Vaidyanathan, President and Country Head – Branch Banking, Liabilities, Product & Wealth, Equitas Sm
Posted Date : 17-11-20

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

SBI adopted 15 tigers and handed over Rs 15 lakh cheque to CGM Hyderabad

Hyderabad: SBI Promoting its core value of sustainability, and adopted 15 tigers as part of Nehru Zoological park's Animal Adoption Programme. "Your bank is committed to supporting the preservation of wildlife and endangered species." SBI mentioned. Since 2014,
Posted Date : 16-11-20

IBA and Workmen Union agreed on the wage increase for PSU officers

New Delhi: The Indian Bank's Association and Workmen Unions agreed on the increment on the total quantum of wage increase is Rs 3,385 crore. This wage revision case for the public sector bank officers has been pending since 2017. Now it is signed, sealed, and delivered. T
Posted Date : 16-11-20

Loan distribution program organised by District Central Cooperative Banks

Karnataka: Economic Response - Loan Distribution Program - During the difficult time of Covid-19, participated in a program organized by District Central Cooperative Banks and District Co-operative Milk Unions of Belagavi Province under various schemes formed by Central and State Governments.
Posted Date : 13-11-20

SBI donates an ambulance to NGO Earth Saviours Foundation under CSR activity

New Delhi: Continuing its CSR activities by giving back to society, SBI donated an ambulance to NGO Earth Saviours Foundation. Chairman, Shri. Dinesh Khara flagged off the ambulance in the presence of DMD FIMM, Shri. Sanjeev Nautiyal & CGM (New Delhi Circle), Shri. Vijay Ronjan.
Posted Date : 10-11-20

MD of Union Bank elected as chairman of Indian Banks Association BANK NEWS

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