RBI Imposes Monetary Penalty on SBI & Other Banks
RBI Imposes Monetary Penalty on SBI & Other Banks – The Reserve Bank of India (RBI) has imposed monetary penalty on State Bank of India,
CASA Deposit Ratio Drops for Private Sector Banks Sharper Than PSBs
The current account savings account (CASA) deposit ratio of private sector banks dropped more than that of public sector banks (PSBs) in YOY due to
CASA Deposit Drops for Bigger Public Sector Banks
CASA deposit drops for bigger pubic sector banks – The share of CASA deposits to total deposits of pubic sector banks contracted to 40.58% at
Union Bank of India to Raise ₹3,000 Crore via QIP
Union Bank of India to raise ₹3,000 crore via QIP : Union Bank of India’s “Committee of Directors for Raising Capital Funds” on Tuesday approved
BOI, IOB, and UCO Bank Get New Chairmen
Public Sector BOI, IOB, and UCO Bank Get New Chairmen – The Appointments Committee of the Cabinet (ACC) has appointed former LIC Chairman M R
Bipartite Settlement with 17% Increase in Salary for Bank Employees
The Indian Bank Association (IBA) and bank employee unions have agreed to the 12th bipartite salary hike settlement. This settlement will be in effect for
UCO Bank Stops IMPS Service For Customers
Public Sector UCO Bank stops IMPS service for customers due to some internal technical glitches. The popular instant money transfer facility IMPS (Immediate Payment Service) is
PSBs Are Asked to Stay Away From Bulk Deposits
Government has advised the Public Sector Banks to stay away from the Bulk Deposits and to be focused on Low Cost CASA deposits. The instructions
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