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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 […]
Canara Bank to MSMEs, Get GECL Loans in 5 Days – Canara Bank has directed its branch offices to process and disburse additional working capital loans or term loans to help MSMEs and other borrowers overcome coronavirus impact under Guaranteed Emergency Credit Line (GECL) in 5 days. Bank has issued a circular in this regard […]
Know Input Tax Credit (ITC) & process to claim it – Goods and Services Tax (GST) is the universal taxation system introduced in India with lot of protest. It is well known that the filling GST is not an easy task and it requires certain level of understanding and claiming Input Tax Credit or ITC […]
Know the Canara Bank Payswiff PoS MDR Charges, Public Sector Canara Bank has updated the monthly rental along with the MDR charges of its Payswiff machines. The revised rental and Merchant Discount Rates (MDR) will be effective from 1st June 2020. This will be applicable to all the machine issued by the erstwhile Syndicate Bank […]
SBI Wecare Deposit, Special Senior Citizen FD Scheme with Higher Interest Rate. The special FD scheme for senior citizens has been made available for investment within the stipulated time frame. The scheme has been launched to provide a higher interest rate to senior citizens in the current falling interest rate scenario. Features & Benefits of […]
State Bank of India (SBI) reduces the Fixed Deposit Rates by 40 basis points (bps) across all tenor. This is the second consecutive rate cut in a month by the SBI. The rate cut is made on both retail as well as bulk deposits of Rs 2 crore or more. Earlier, SBI had slashed interest […]
Book BPCL Gas Cylinder through Whatsapp Chat – Bharat Petroleum Corp Ltd (BPCL) has launched LPG Cylinder booking facility through WhatsApp across the country. Using this services, customers can now book LPG on WhatsApp chat. Bharat Petroleum has more than 71 lakh LPG customers across the country, only second to Indian Oil. How To Book […]
The Rs 3-lakh-crore Guaranteed Emergency Credit Line (GECL) was announced as the relief package for the MSMEs (Micro, Small and Medium Enterprises) as well as other business entities. GECL is said to be cheaper and easy working capital. For the scheme, the government has provided a corpus of Rs 41,600 crore, which will be spread […]
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