Banks will remain closed due to the pandemic outbreak for 15 days

Due to the lockdown, most of the services, offices are closed. However, because of the essential services, banks are open. Although they have closed some of their branches and reduced the staff too. People are working from home and only essential and important services are available. The working hours has also been reduced. All the … Read more Banks will remain closed due to the pandemic outbreak for 15 days

Want to apply for SBI extension? Here’s how you can do it

According to the reserve bank of India, banks are given the guideline to provide a three month moratorium on the repayment of term loans. And due to this, the State bank of India has initiated the procedure. The SBI tweeted-“Good news for borrowers! The bank has decided to extend the moratorium for payment of instalments/ … Read more Want to apply for SBI extension? Here’s how you can do it

Merger done of 10 public sector bank will come into effect from 1st April. Here are the things you need to know.

10 Public sector undertaking banks will get amalgamated into 4 banks from 1st April and there are many things you need to know about this merger. Let us read it here. 1- The Indian bank will get merged with Allahbad Bank. 2- Oriental bank of commerce and United bank of India will get merged into one … Read more Merger done of 10 public sector bank will come into effect from 1st April. Here are the things you need to know.

Indian bank to announce the safety measures due to COVID-19

Since Coronavirus is a world outbreak today, people are securing their lives and the government and banks are also helping them as much as they could. The Syndicate bank and the Indian bank has also announced their safety measures for employee and customers due to the outbreak going. The Syndicate bank said that ATM, door … Read more Indian bank to announce the safety measures due to COVID-19

Bank of Baroda to announce zero charges on digital transaction for 3 months

Due to the breakdown going in the country, Bank of Baroda has announced the zero charges on all the digital transactions for almost 3 months in order to provide a better banking experiences to all their users. Bank of Baroda has asked their customers to stay home, stay safe and for making any transaction, do … Read more Bank of Baroda to announce zero charges on digital transaction for 3 months

Due to COVID-19, HDFC reduces their working hours

Due to the spread of coronavirus, private sector banks like ICICI and HDFC banks have asked their users to use digital means of transactions for making any transactions and they also have reduced their staff in their offices. HDFC bank has totally changed their working hours and it will begin at 10am everyday to 2pm … Read more Due to COVID-19, HDFC reduces their working hours

RBI imposed Regulatory restrictions on PMC bank extends to 22nd June

On Saturday, the reserve bank of India has stated that they have extended the regulatory restrictions on Punjab and Maharashtra Cooperative bank for more three months till June 22nd,2020. The bank had out a restriction of six month on the bank on 23rd September,2019 as they got to know about the financial irregularities. The RBI said- … Read more RBI imposed Regulatory restrictions on PMC bank extends to 22nd June

Due to the COVID-19 pandemic, Bank of Maharashtra is faxing an ire of business opportunity

According to the Moneylife, the bank, Bank of Maharashtra has finally withdrawn a circular that is urging the staff for viewing the COVID-19 pandemic as a business opportunity in order to sell the insurance products. On this, finally the bank issues an apology for their statement and the backlash and hatred they got on social … Read more Due to the COVID-19 pandemic, Bank of Maharashtra is faxing an ire of business opportunity

RBI asked state government to not move deposits from Private banks

The Reserve Bank of India (RBI) has requested the state government to not move the funds out of the private banks. It said that apprehension about the safety of deposits in private lenders are highly misplaced. RBI said in a letter written to chief secretaries of all states, that it wouldn’t be good for the … Read more RBI asked state government to not move deposits from Private banks