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Finance ministry has retrained Banks Board Bureau (BBB) for selecting CEO’s and MD’s of Public Sector Banks (PSB). Government has restricted and narrowed the mandate of the independent body set up a year ago to primarily help reform struggling banks. Recently the CEOs of two large banks — Usha Ananthasubramanian of Punjab National Bank and […]
Comparison between MAB or AQB of various banks. Majority of the Banks has moved from the Average Quartly balance (AQB) To Monthly average balance (MAB) in recent times. There are various reason for moving in to MAB from AQB by the banks. Which is more beneficial for customer and banks at large either MAB or […]
Monthly Average Balance (MAB) is being charged by each of the banks for non maintenance of minimum balance in the account.The Monthly Average Balance (MAB) is calculated on a simple average of day-end balances for a calendar month. The MAB is calculated by adding the closing ledger balance of the account of each day from […]
Much talked Paytm Payments Bank is finally opened today with one branch at NOIDA. Currently PayTm is offering saving account on invitation to selected individual only. PayTm is generally inviting the customer from North India only. PayTm is planning to invest Rs 400 crore over the next two years to build its banking network across […]
Learn is easy steps, how to transfer EPF (Employees Provident Funds) Online hassle free ? Here is the step by step process to transfer the EPF online from one company to another. There is an option provided in EPF where employee can transfer their existing EPF account number to new company. EPFO has earlier introduce the […]
Will you agree with me ? NPA growth in Private banks are much higher than Government PSB’s. If compare the growth of Bad loans or NPA (Non performing Assets) among Private and Public Sector Bank, it is Private sector banks who are adding bad loans at a much faster pace than their public sector counterparts over […]
Income Tax department has provided seamless solution for integrating the Aadhaar number of individual, Now, there is no need to login or be registered on e-filing website (of the I-T dept). The facility can be used by anyone to link their Aadhaar with PAN. The Income Tax Department offered a new way of linking Aadhaar numbers […]
What could be worst that this ? Once the iconic brand of Indian consumer durable segment ‘Videocon’ is now defaulter to Public sector bank. Videocon loan account with Dena Bank is declared by lender as ‘Bad’ and classified under None Performing Assets (NPA). Read : Does Banking Act amendments Really help in Resolving NPA’s ? Account […]
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