Who is Person of Indian Origin (PIO) ?
Person of Indian Origin [PIO] means a person resident outside India who is a citizen of any country other than Bangladesh or Pakistan or such
Who Can Open a NRE account with Bank ?
The following individuals can open a NRE account without prior approval of RBI. • Non Resident Indian (i.e. An Indian Citizen, who have gone abroad
Paytm to partner with SBI, Axis, HDFC and Yes Bank For UPI Payments
Paytm to partner with SBI, Axis Bank, HDFC and Yes Bank for enabling UPI transactions : – India’s troubled Paytm is likely to partner with
What are the Permitted Debits in NRE account?
The followings are the permitted debits in NRE account of an Individual with any of the banks in India. i. Local payments. i. Remittances abroad.
RBI Imposes Monetary Penalty on SBI & Other Banks
RBI Imposes Monetary Penalty on SBI & Other Banks – The Reserve Bank of India (RBI) has imposed monetary penalty on State Bank of India,
Canara Bank Board Approves 1:5 Stock Split, Check for Details
Canara Bank Board Approves 1:5 Stock Split citing the liquidity in the stock market. Bank’s Board of Directors approved the sub-division of its equity shares
CASA Deposit Ratio Drops for Private Sector Banks Sharper Than PSBs
The current account savings account (CASA) deposit ratio of private sector banks dropped more than that of public sector banks (PSBs) in YOY due to
CASA Deposit Drops for Bigger Public Sector Banks
CASA deposit drops for bigger pubic sector banks – The share of CASA deposits to total deposits of pubic sector banks contracted to 40.58% at
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