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What does moratorium on loan mean ? Moratorium period refers to the period of time during which you do not have to pay an EMI on the loan taken. This period is also known as EMI holiday. Usually, such breaks are offered to help individuals facing temporary financial difficulties to plan their finances better. In […]
An audio tape was leaked on Whatsapp and Facebook of FM pulling up SBI Chairman for ill efficient – A day after a controversy erupted over finance minister Nirmala Sitharaman pulling up SBI executives led by chairman Rajneesh Kumar, the country’s largest lender said it was initiating action — including lodging an FIR — against […]
DICGC Bank Deposit Cover Hiked to Rs 5 Lacs from existing Rs 1 lacs per bank in Union Budget 2020 – Union Finance Minister had proposed to hike the bank deposit insurance in scheduled commercial banks to Rs 5 lakh per depositor from the current Rs 1 lakh in union budget 2020. Currently, as per […]
There will not be any charges on NEFT and RTGS done through the saving account. Recently RBI had made National Electronic Funds Transfer (NEFT) system 24×7,in addition to this the Reserve Bank of India (RBI) has now instructed banks to make all online payments done through NEFT and RTGS free of cost for savings account […]
LIC Income zoomed by 14000 crore from Indian Stocks market – Life Insurance Corporation of India (LIC), the country’s largest financial institution with a corpus of over Rs 31 lakh crore, has booked a profit of over Rs 14,000 crore from the stock market during the April 1-November 15 period of the current financial year. […]
Golden words for Public Sector Banks, Union minister Piyush Goyal batted for PSBs and siad that privatisation is not the panacea for all the ills facing the economy as the private sector is plagued with more scandals than their state-run peers. Chairing a panel discussion at an India Today event here this evening, he said, […]
Amazing ! Get a MSME loan from Public Sector Banks and don’t pay interest for six months. Bank will not ask you anything. Whereas if you have taken a need based loan i.e. Personal or consumer loan or any other loan, No revival. It seems, slowdown in economy is only for MSME and not for […]
Mega merger plans for Public Sector Banks – Finance Minister Nirmala Sitharaman on Friday announced merger of public sector banks. Big banks enhanced capacity to increase credit, Finance Minister Nirmala Sitharaman says in prelude to announcement of new bank mergers. The Merger Mathematics Punjab National Bank, Oriental Bank of Commerce, United Bank of India merge […]
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