AskBanking – Get solution to all your banking FAQs
Banking FAQs & HowTo Guide
Supreme Court rejected the Rejects the Complete Interest Waiver on Loan and extension of loan moratorium relief – In a big relief to Banking sectors, the Supreme court of India has ruled out the extension of any Loan Moratorium. The supreme court has delivered the judgement in this regard and ordered the complete waiver of […]
RBI Bans HDFC Bank from Issuing Credit Cards and other new digital products. The bank has informed the stock exchange that the order from the RBI was issued on December 2, and was in response to outages in the bank’s internet banking, payment utilities over the past two years. The most recent outage took place […]
A two days bank strike by Public Sector Banks hit the transactions worth Rs 20,000 crore. Industry body Assocham, urging the United Forum of Bank Unions (UFBU) to call off the strike. Assocham has also urged the government to come up with a plan for restoring the health of public sector banks. The UFBU, an umbrella […]
Central Government Infuse Rs 22,915 Crore Capital in various Public Sector Banks as per the requirement of individual banks depending on the various criteria. The government in July had announced the first round of capital infusion of Rs 22,915 crore for 13 banks. The capital infusion in the different public sector bank for the current fiscal […]
Marginal Cost of Funds based Lending Rate (MCLR) is a new lending rate introduce by Reserve Bank of India (RBI) which is to be implemented by 01-04-2016. MCLR will be the internal bench mark rate of the bank along with existing lending rate system i.e. Base Rate from the Banking Industry. The sole reason the […]
No Quota in Promotion in PSU Banks – Honorable Supreme Court of India has given the verdict on their own decision exactly a year after holding that officers belonging to the Scheduled Castes and Scheduled Tribes (SC/ST) can claim reservation in promotion from level 1 to level VI grade, the Supreme Court on Friday admitted that […]
by 
by