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Premier Public Sector Bank (PSB) Syndicate Bank also joined the Fastag club as issuer of RFID enabled NETC Fastags. They have introduced the NETC enabled Fastags in collaboration with NPCI for cashless drive through toll plazas across India. Currently all the Toll Plazas which are controlled by NHAI (National Highway Authority of India) and Indian […]
Linking Aadhaar Number with PAN is compulsory as per the Income Tax law. It is also mandatory to file e Returns. Government has made it mandatory to link all Permanent Account Number (PAN) of individual with Aadhaar Number. As per the law, all PAN numbers which are not linked to Aadhaar card will become invalid soon. […]
If believe the recent reports, these seven public sector banks (PSB) will be merged within six months i.e. United Bank of India, Indian Bank, Bank of Maharashtra, Central Bank of India, Punjab and Sind Bank, Indian Overseas Bank and UCO Bank. The main reason for possible merging is that seven PSBs, especially United Bank of India, could […]
Indian Banking system is currently focused under the cloud of merger and each day started with a fresh rumor. Now Finance Ministry has asked the larger big four Public Sector Bank i.e. Bank of Baroda, Canara Bank, Bank of India and Punjab National Bank to look after the possibility of merging of small and mid […]
Government in India has made Aadhaar Number mandatory for opening Bank accounts and conducting any financial transaction of more than Rs 50,000. They have not mentioned the type of financial transaction. Government has also set deadline of December 31st as the last date for seeding individual Aadhaar with account number. This is the another requirement […]
National Payment Corporation of India (NPCI) has today announced that they are prepared to launch Rupay Credit very soon within a month. RuPay Credit card announced by NPCI will be used within India for any transaction except the select version of Credit Card which will be accepted internationally. Rupay Credit card will provide banks a […]
Finance Ministry, Government of India has announced the deadline for additional four public sector bank (PSB) merging by December this year. This time they have picked Punjab National Bank (PNB), Bank of Baroda (BOB) , Bank of India (BOI) and Canara Bank as the larger entity and possible acquirers. Recently these these banks along with […]
Government is propagating New Idea for Merging the Public Sector Bank on each new day. This time they have floated the concept of region wise merging of Public Sector Banks (PSB). As Finance minister already intimated that they would start the consolidation and merging of Public Sector Bank without any waiting time or financial reform, the […]
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