AskBanking – Get solution to all your banking FAQs
Banking FAQs & HowTo Guide
Share Swap Ratio of Public Sector Banks post merger – The Union Cabinet on 4 March 2020 approved the consolidation of ten public sector banks (PSBs) into four big banks and the merger will take effect from 1 April 2020. Eight public sector banks announced the share-swap ratios for their proposed mergers. Punjab National Bank […]
The final reconstruction scheme for Yes Bank notified by the government on 13 March has locked in existing shareholders for a period of three years up to 75% of their shareholding. Only those shareholders who have less than 100 shares in the bank, can sell their entire shareholding. The caveat means anyone who has more […]
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 […]
Check SBI Card Share Allotment Status – SBI Cards IPO was oversubscribed 26 times, which means not all those who bid will receive shares but allotment will be done through a lottery. The allotment status has been updated for you to check on the website of the ‘Registrar To The Offer’, which in this case […]
New Income Tax Slab Rate for FY 2020-21– Union Finance Minister has proposed new income tax slabs and lower rates on Income Tax slabs up to Rs 15 Lakhs. Catch is – These income tax rates are optional and are available to those who are willing to forego some exemptions and some deductions. The new […]
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 […]
RBI New Rules for Debit and Credit Cards – RBI asks banks to allow only domestic card transactions at ATMs and PoS terminals in India at the time of issuance/reissuance of card. Reserve Bank of India (RBI) issued the new rules for credit and debit cards to improve user convenience and increase the security of card […]
SBI is hitting the market with Rs 9500 Crore IPO – SBI Cards and Payment Services, the credit card arm of State Bank of India (SBI), is set to hit the market with its initial public offering (IPO) this month. It is currently plced before the SEBI, Securities and Exchange Board of India (Sebi). The […]
by 
