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Government of India, Ministry of Finance has hinted today that next round of Public Sector Bank merger is coming very soon, where few of Public sector bank will be merged for better consolidation. This may be done before the 11th Bipartite Settlement of bank employees. Government also stated that they lost their patience and wanted […]
The government has banned cash transactions of Rs. 2 lakh or more from April 1, 2017, through the Finance Act 2017, Now Cash transactions of over Rs. 2 lakh entail levy of 100% penalty on receiver of the amount. It means payee of the money through cash transaction will be penalized by 100% of the […]
State Bank of India (SBI) is fortune 500 company, an Indian multinational, public sector banking and financial services company. State Bank is government of India owned entity headquarters in Mumbai, Maharashtra. After merging with other five associates bank on 01.04.2017 i.e. State Bank of Bikaner & Jaipur, State Bank of Hyderabad, State Bank of Mysore, State […]
Syndicate Bank Syndicate Bank is Nationalized Public Sector Bank established in 1925 in Udupi, the abode of Lord Krishna in coastal Karnataka with a capital of Rs.8000/- by three visionaries – Sri Upendra Ananth Pai, a businessman, Sri Vaman Kudva, an engineer and Dr.T M A Pai, a physician – who shared a strong commitment […]
Kotak Mahindra Bank chairman, Uday Kotak has said that why Government is unnecessary putting Taxpayer Good money for bad strategic loan of Public sector bank. He further said that the government will have to choose between putting more money into public sector banks or making some ‘strategic’ decisions for these lenders besieged by rising bad […]
Due to recent hacking and publishing of Aadhaar data of millions of user online, Government of India with a notification has prevented the use of Aadhaar online. Government has also listed out the 27 must do’s and don’t for using Aadhaar details.All these measures are taken up in order to prevent the repeat of issues […]
Free Goods and Service tax (GST) calculator to calculate the amount of tax being levied on various products, Manufacturing and services inclusive banking. GST calculator works on the same rate accepted by central government and all the state uniformly.Goods and Services Tax (GST) is a common comprehensive nation wide tax based on the existing VAT […]
Goods and Service Tax (GST) is all set to roll out by 01st July this year. Government has already conveyed this message to all the department, Industries and companies with advise to change their system, software as per the requirement of GST. Banking Sector, which is already under stress with many reason like higher NPA, […]
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