PNB commences Phase-2 of nationwide CSR campaign to fight COVID-19

Finance Ministry issues guidelines for implementation of interest waiver on loan

New Delhi: The finance ministry on Saturday issued the guidelines and announced to surely implement the waiver of ‘interest on interest’ on loans of up to ?2 crore for the six-month moratorium. The Centre today approved the scheme for ‘grant of ex-gratia payment of difference be
Posted Date : 24-10-20

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

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

Yes Bank reports showed Q2 profit at Rs 129 crore NII falls to 9.7 percent

Yes Bank the private lender reports its profit at Rs 129.4 crore for September ended quarter 2020. Earlier a year-ago the bank bore a loss of Rs 600 crore. Under the guidance of Mr. Prashant Kumar, Managing Director and CEO of the bank the quarter ended June 2020 r
Posted Date : 23-10-20

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

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

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

ADB India sign 177 million dollar loan for state road improvements in Maharashtra

The Asian Development Bank (ADB) and the Government of India today signed a $177 million loan to upgrade 450 kilometers (km) of state highways and major district roads in the state of Maharashtra. The signatories to the Maharashtra State Road Improvement Project were Shri Sameer Kumar Khare,
Posted Date : 20-10-20

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

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

RBIs working paper series on Bank Capital and Monetary Policy Transmission in India

New Delhi: Under the RBI working paper series the Reserve Bank of India placed Working Paper titled “Bank Capital and Monetary Policy Transmission in India” on October 16, 2020. The paper is authored by Silu Muduli and Harendra Behera. The paper examines the role of ban
Posted Date : 17-10-20

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

Private and Public banks including ICICI and SBI facing issues in online services

New Delhi: The customers of the private and public sectors banks are facing a big issue in providing online services from past few days where everyone adapts the culture of digitization in this pandemic. This issue is happening since the government puts pressure on several ba
Posted Date : 17-10-20

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

The Board of Lakshmi Vilas Bank approved raising funds worth Rs 500 crores

New Delhi: The Board of private lender Lakshmi Vilas Bank approved to raise the funds up to Rs. 500 through the issuance of shares and allotment of equity shares or such other eligible securities. The board considered and gives the approval with the right ways of issuing unde
Posted Date : 15-10-20

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

SBI Chairman Flagged off essential items for further distribution by an NGO

New Delhi: The Chairman of State Bank of India Shri Dinesh Khara donated items like food items, personal health care products, stationery etc observing the #JoyOfGivingWeek, staff at SBI, Corporate Centre. These items were flagged off by our Chairman, Shri Dinesh Khara for further distribution by
Posted Date : 14-10-20

SBI signs MOU with Arunachal Pradesh police for providing additional benefits

Arunachal Pradesh: On Tuesday the State Bank of India signs the MOU (Memorandum of understanding) with Arunachal Pradesh Police in Itanagar to fulfill the banking needs and can avail the facilities. The objective behind this MOU s to give the state’s police personnel and their families secure a
Posted Date : 14-10-20

SBM Bank India inaugurates first-of-its-kind container branch at Maharashtra

Mumbai: SBM Bank India has opened its seventh branch in India at Galtare, Palghar district of Maharashtra. Located in the vicinity of ISKCON Govardhan Ecovillage, the Palghar branch will offer all essential amenities as a full-service branch through a minimal environmental footprint.
Posted Date : 13-10-20

SBI inaugurates its new branch in Boreaya Ranchi

Ranchi: State Bank of India inaugurates its new branch in Boreaya city (Ranchi) today (October 13, 2020). Shri Nand Kishore Singh,(substantial manager), The administrative office was carried out by Ranchi, on the auspicious occasion of Shri Alok Ranjan (Regional Managing) Ranchi Rura
Posted Date : 13-10-20

PNB commences Phase-2 of nationwide CSR campaign to fight COVID-19 BANK NEWS

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Construction of Atc tower & Technical Block at Nscsi Airport

Tenders from SAARC Countries

Construction of ATC Tower and Technical Block at NSCBI Airport

Installation of Ground Mounted Solar Panels in CAPEX Mode of Tentative Capacity 04 MWp at B.P. International Airport

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