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Syndicate Bank has launched the syndicate Bharat QR application for android devices i.e. Synd Bharat QR. Syndicate Bank customer can now use the Bharat QR application to scan and pay bills at any of the merchant outlets. Currently Syndicate Bank Bharat QR application will support Rupay cards for payments and later VISA, Master pass etc […]
Based on the recent cabinet approval for merging of Public Sector Banks in India, Finance Ministry has issued the notices and written letter to all heads of State run bank to set up a ministerial panel to facilitate consolidation in the public banking space. This communication is being made in order to activate the motion of bank consolidation […]
UCO Bank, A nationalized bank tried to start a new phenomenon in Government Banking scenario i.e. Performance based salary, which ultimately dead after creating a lot of panic and noises. First time this was introduced in the public sector bank where bank’s zonal heads had requested suspension of salary payments to 11 branches on grounds […]
After UCO bank, it’s Syndicate Bank who has informed that the order of their regional level offices for “No Work, No Pay” have been withdrawn. Sri M Rego, managing director and chief executive officer of the bank has informed in a statement that “The said notice was issued at the regional level without the powers […]
FASTags is being sold by many banks in India.National payment corporation of India (NPCI) has approved a list of banks including payment banks to sell Fastags across country. NPCI is also promoting the mobile android app from NHAI & IHMCL i.e. MyFASTag and FASTag Partner which will help people buy and recharge FASTags through their […]
For any reason but government has finally accepted that the officials of all public sector banks who are board level executives or managerial level executives will be treated as equivalent to Group “A” central government post. This move was cleared and approved by cabinet committee chaired by prime minister Sri Narendra Modi. Cabinet has also […]
Learn Easy way to submit FATCA Form to Banks/Financial Institution – Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standards (CRS) guidelines and detailed analysis. Basically , This is an agreement between India and USA to compile with any unreported foreign transaction. The details of FATCA will be shared with US tax authority and […]
Guidelines for Merger of Banks in India – Union Government has announced that the framework along with guidelines is finalized for consolidation & Merger of public sector banks. Finance minister Arun Jaitely has informed the media about the proposed decision and told that the decision was taken at the Cabinet meeting. Mr Arun jaitely stated […]
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