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Ask Your banking related question i.e. Banking loans, CASA, Debit Cards and Credit cards, banking News etc. This page listed all the queries related to banking and related financial activities including banking news.Know your banking details and updates.
eWallet to Mutual Fund – Paytm gets SEBI node as registered investment advisor for selling of mutual funds in India. Paytm Money – the wholly-owned wealth management arm of financial services platform of Paytm. After getting node from SEBI, Paytm is joining hands with close to a dozen AMCs (asset management companies) and will roll out […]
Reserve Bank of India (RBI) revised Know your customer guidelines (KYC) may close the digital wallets business in India.Earlier in the month of October, 2017, RBI had given the deadline of 28th Feb 2018 for completion of Full KYC in all the Digital Wallet accounts maintained by eWallet companies. In the revised guideline, RBI had […]
RBI clears all the doubt related to Rs 10 coin validity by stating i.e. “All the 14 designs of Rs 10 coin are valid and legal tender for transactions”.The Reserve Bank of India (RBI) reiterated the legal tender status of all ten rupee coins issued. There were many states in India where complaint were made […]
Another Public Sector Bank (PSB), Allahabad bank is put under Prompt Corrective Action (PCA) by Reserve Bank of India (RBI) as the banks shows the net NPAs (non performing assets) and negative ROA (return on assets) for two consecutive years fiscal 2016-17. For the fiscal 2016-17, the bank had trimmed its net losses to Rs 313.51 crore against Rs […]
Recently Reserve bank of India has brought many of Public Sector Banks under prompt correction action (PCA) like Bank of India, Corporation bank, United Bank of India, UCO bank, Indian overseas bank, IDBI banks, Central Bank of India and lot more. What is prompt correction action (PCA) and why RBI is implementing it on various banks ? […]
Reset SBI Debit Card and ATM Card PIN through SMS. This facility of generating ATM cum Debit card of State Bank of India (SBI) can be used for new account holder or first time SBI debit and ATM card holder. There is no need for SBI customer to visit at their branch for generation of […]
If rely on the word of Sanjeev Sanyal, Principal Economic Advisor, Finance Ministry – Government wants to have 10-15 public sector banks with government’s majority stake, down from 21 at present, as part of its plan to consolidate banks. Further, No very weak bank would not be merged with a strong one “as it could pull the latter […]
RBI has allowed the transfer of funds facilities between different Mobile eWallets. Now any of the mobile ewallets users like PayTm, Mobikwik, Oxigen, Freecharge etc may transfer of money between themselves i.e. from PayTm to freecharge or Oxigen or Mobikwik or Jio Money. Earlier it was restricted by RBI under Prepaid Instruments Guidelines or PPI’s. […]
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