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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.
Check out the name of the Banks which have increased the cash handling charges starting 1st August – Bank of Maharashtra, Axis Bank, Kotak Mahindra Bank and RBL Bank have imposed charges for cash withdrawal or increased minimum balance requirements effective August 1. Cash Handling Charges – Bank of Maharashtra A SB (savings bank) account […]
Know about Udyam Registration, a New Online Portal for MSME Registration started by MSME Ministry, Government of India – A new online portal for MSME’s, a paperless process based on self-declaration and known as Udyam Registration. The new process of classification and registration of MSME enterprises starts on July 1. There is no documents or […]
In case of Loan Default, Know Your Rights if You Can’t Repay – Due to COVID-19 pandemic,there are mass scale losses of jobs & income. Borrowers are defaulting on their EMI payments. This is to remember that even if a borrower defaults, they do not surrender all rights to the asset or to fair treatment. […]
Know the complete details to invest in SGB Gold Bond Scheme – The Sovereign Gold Bonds (SGBs) are issued by the Reserve Bank of India (RBI) on behalf of the government. The sovereign gold bond scheme was launched in 2015 with an objective to reduce the demand for physical gold with an objective to shift […]
Finance Ministry is assessing the issue of interest waivers on COVID Loan Moratorium – Permitting a moratorium, but offering no relief through interest, is more detrimental, the apex court told the banking regulator RBI. The moratorium was initially granted on all type of loans whose installments were due between March 1 and May 31. Later […]
GECL MSME Loans, No borrowers – SBI Chairman Mr Rajnish Kumar has said that Bank is Ready to Lend to borrowers but the customers don’t want to take risk as they are sure about the speedy recovery in demands. Banks especially Public Sector Banks has made the loan processing under Guaranteed Emergency Credit Line (GECL) simple […]
ET Prime has reported that Government May Privatize Few Public Sector Banks. It is believed that a selected group of top government officials has begun discussions on the proposal that originated from government think tank Niti Aayog. There are possibility that few of the Public Sector Banks with lower presence will be privatize. The list […]
Opinion on Idea of Bad Bank, and it’s benefit for Public Sector Banks – The Indian Banks’ Association, IBA has requested the Government to set up a ‘Bad Bank’ to reduce the impact of the losses banks will face because of higher provisioning for Non performing Assets, NPAs. What is Bad Bank ? It is […]
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