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Latest Banking News & Financial updates from around the web. Daily updates on Global Banking News, Financial Markets, Economy and News from the different banks.
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 has been given during the recent review meeting with Department of Financial Services (DFS) and banks. These discussions were also held as part of a three-year roadmap (FY 24-26) for […]
Public Sector Canara Bank to Start Subsidiary for Credit Card Business – Canara Bank is poised to convert its subsidiary Canbank Computer Services into a credit card business unit to derive more value from the unsecured line of business just like SBI Cards and BoB Cards. In a decisive step towards executive the plan, Canara […]
The saving deposits are controlled by few banks in India and as per reports a few selected banks hold the more than 50% of total deposits of Indian public. Just five commercial banks hold 50 per cent of all deposits in India, and the top 10 (of which 7 are government banks) account for 75%. […]
If believe on the reports of Al Jazeera, the Bank of Baroda has found instances of fraud were the associates of the bank withdrew money from customer bank accounts by linking their own mobile numbers to customer accounts. The report with details was published on the portal of the news channel. Collective and Al Jazeera […]
FSIB has recommended the appointment of Ashwani Kumar as New CEO & MD of UCO Bank. He is currently serving as the Executive Director (ED) of Indian Bank. His prior experiences with Bank of Baroda, Corporation Bank, Oriental Bank of Commerce, & PNB. The final decision on the FSIB recommendation would be taken by the […]
Public Sector Bank of Maharashtra Reduces home loan Interest to 8.4%, the lowest as far as the other banks are concerned. Recently the another public sector Bank of Baroda had reduced the Rate of Interest on home loan to 8.50%. The move made by BoM to push the retail lending growth of the bank and […]
Bank of Baroda Reduces Home Loan Rate to 8.50% and MSME loan interest rate to 8.40%. The home loan interest rates is reduced by 40 basis points (bps) to 8.5 per cent to overcome the competition. The effective rate are valid for a limited period till March 31, 2023. With this bank of Baroda is […]
If you are using a United States bank account for fund transfer or International remittance or wire transfers then you must be knowing the importance of Routing Number or ABA routing number. The routing number is very much important to avoid delayed transfers, and payment cancelations. So, it’s worth knowing about how to find routing […]
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