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India’s third payment bank i.e. India Post Payments Bank (IPPB) will be launched on August, 21st by Prime Minister Narendra Modi. IPPB will be the third payment bank after Airtel Payment Bank and PayTm Payment Bank. India Post Payments Bank (IPPB) will have at least one branch in every district and focus on financial services in rural […]
Minimum Balance Charges penalty is the major source of income for the banks including Public Sector as well as Private Sector. 24 Banks in India has collected Rs 5000 crore as Minimum Balance Charges in the fiscal 2017-18 altogether. Calculate – Bank’s Monthly Average Balance Calculator (MAB) Largest lender State Bank of India (SBI) accounted for […]
This is really a mystery which is not yet solved !!! If you verify your phone, you will find Toll free number 1800-300-1947 stored in the contact list of your mobile phone . Amazingly you have not added this number and UIDAI has made it clear that this number doesn’t belong to them. UIDAI said […]
Reserve Bank of India has made it clear through reply of a Right to Information (RTI) query that Cash-on-delivery (CoD) by services Aggregators/payment intermediaries like Amazon and Flipkart are not authorized under Section 8 of the PSS (Payments and Settlements Systems) Act, 2007. are not authorized under the definition of payment system and system provider of the Payments […]
A new type of scam hits the thousands of Credit Card Customers of three Indian Banks i.e. ICICI Bank, HDFC Bank and RBL bank. Fake Android apps of ICICI Bank, HDFC Bank and RBL Bank were used by the attackers to get the Credit Card details of customers claiming to increase the credit card limit. […]
Public Sector Banks are gearing up to compete with Private Sector banks and it’s started with right track – Three Public Sector Banks i.e. State Bank of India (SBI), Punjab National Bank (PNB) and Bank of Baroda (BoB) are planning to introduce performance-linked salary structure for the senior management. First time in the history of Public Sector Bank […]
Amitabh Bachchan and his daughter Shweta Bachchan Nanda have worked in an ad that has angered a body of bank employees. Why ?Just watch out the Ad of Kerala based Kalyan Jewellers. The bank union has termed the video advertisement “disgusting” and said that it was aimed at creating distrust in the banking system. All India […]
SBI orders recovery of overtime pay from staff of associates bank paid as ‘compensation’ for working overtime during note ban. State Bank of India insisted that the compensation was only for SBI staffs and not intended for associate bank. The 70,000 officers and employees of associates or e-Abs banks i.e. State Bank of Patiala, State Bank […]
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