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Amazing ! Get a MSME loan from Public Sector Banks and don’t pay interest for six months. Bank will not ask you anything. Whereas if you have taken a need based loan i.e. Personal or consumer loan or any other loan, No revival. It seems, slowdown in economy is only for MSME and not for […]
Kantar Releases CX+ India Retail Banking Report 2019 – The Kantar CX+ study on performance of Indian Banks were analyzed on the basis of 7,280 retail banking customers in India to find out which banks have the experience advantage. Syndicate Bank is the only public sector bank listed in the Top 10 Best Retail Bank […]
Government of India is considering introduction of tax on cash withdrawal on persons who withdraw more than Rs 10 lakh in a year. Government is also mulling implement ation of an Aadhaar based authentication for high-value cash withdrawals. Cash transaction tax is being introduced to encourage digital payments and discourage cash transactions. Government may announce […]
Finance Minister Arun Jaitley has once again advocated for the merger of more Public Sector Banks. He batted for merger at RBI Central Board post-budget meeting. He said that India needs fewer banks and mega banks which are strong to help the needs of common man. He said economies of scale are of great help in […]
FactCheck “Army Welfare Battle Casualities Bank Account with SyndicateBank” – A viral message spreading around the social meida is claiming that the Modi government has now launched a new scheme “exclusively” for battle casualties and weapon purchase. The message is spreading around and people are conscious about genuiness of the account mentioned in the viral message. […]
Hackers hacked down State Bank of Mauritius for Rs 9 Crore – SBM reported that Rs 9 crore were hacked from one of their branch from Mumbai and transfer to Hongkong based bank in the name of Singapore Company. Earlier, same bank was defrauded of nearly Rs 143 crore. State Bank of Mauritius India which is a […]
Public sector lender Syndicate Bank will be offering employee share purchase scheme and would raise up to Rs 500 crore by issuing stock to its staff. Syndicate Bank proposes to raise the funds this quarter or early next quarter. Mr. Mrutyunjay Mahapatra, CEO of Syndicate Bank said that Employee share purchase will be offered to […]
Enforcement Directorate (ED) has arrested the a former director of Andhra Bank in connection with a money laundering probe case involving a Gujarat-based pharma firm ‘Sterling Biotech’. The ED had alleged that Mr Anup Prakash Garg, former director had infused several crores of his unaccounted cash in various companies through many Kolkata based bogus shell companies with […]
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