AskBanking – Get solution to all your banking FAQs
Banking FAQs & HowTo Guide
Latest Banking News & Financial updates from around the web. Daily updates on Global Banking News, Financial Markets, Economy and News from the different banks.
Public Sector Canara Bank has been adjudged “Best Bank under Digital Payments” amongst all Banks in India for the Financial Year 2021-2022 by the Ministry of Electronic & Information Technology (MIETY). The award was given for achieving the set target under various digital payments & channels. At a function held today, 09.02.2023, in New Delhi, […]
Government has appointed Shri Hardeep Singh Ahluwalia as Executive Director of Canara Bank effective from 07th Feb 2023. Earlier to this, Sri Ahluwalia was General Manager with Indian Bank. He started his banking career as Agricultural Field Officer on 30.03.1992 at Allahabad Bank (now Indian Bank). He is a graduate in Agriculture and a Certified […]
Government of India has appointed Mr. K Satyanarayana Raju as MD & CEO Of Canara Bank from February 7, 2023. He succeeded Shri L V Prabhakar, who left office on December 31, 2022. Since March 10, 2021, Shri. K Satyanarayana Raju has additionally served Canara Bank as Executive Director. Earlier to that he was Chief General […]
In a surprise move, the Reserve Bank of India, RBI bans SBM Bank from LRS remittance transactions and instructed to stop it immediately. The action was taken by the central bank under sections 35A and 36(1)(a) of the Banking Regulation Act, 1949,and directed SBM Bank to stop Liberalized Remittance Scheme (LRS) with immediate effect till […]
A good show in previous three quarters by Public Sector Bank has strengthen their rating also. The rating agency Moody’s has upgraded the Credit Rating of Canara Bank, PNB & Bank of Baroda to Baa3. The long-term local and foreign currency bank deposit ratings of these three banks upgraded to Baa3 from Ba1. The baseline […]
6 Missed Calls, 28 Transactions and Rs 1.80 Crore Gone in a rare Bank Fraud incident reported in Mumbai by a Businessman. Though the Cyber Crime Police Officials and others are clueless about the mode of the fraud but they believe that it was done using SIM SWAP. Interestingly, the person with highest level of technology […]
Home Loan EMI Increased By 25% in 6 Months, due to hike in Repo rate by Reserve Bank of India (RBI). Earlier all type of retail & MSME loans with the banks were switched to RLLR based interest rate and linked with repo rate during the start of this Financial year. Now, the Reserve Bank […]
Public Sector Canara Bank Revised MCLR By 0.05% across all tenors. The hike in Marginal Cost of Funds Based Lending Rate (MCLR) will impact the ongoing EMI which will Marginal Cost of Funds Based Lending Rate (MCLR) across all tenors by 5 basis points. The new MCLRs will go into effect on December 7, 2022. […]
by 
