Bank News

Demonitisation was a big step taken by the government of India. Because of that, a lot of black money got destroyed and the country also faces many major issues like lacking of physical money as well. Government also introduced the 2000 rs notes to the country. However, according to the reports, the Rs 2,000 may … Read more According to the reports, ATM Re calibration to see the phase out of Rs 2000 notes

Indians are not able to decide whether they should trust the Indian banks any more or not. There are so many cases where the bank have proven the Indians wrong and now, people are not sure if they really should trust them and keep their money in the banks or to their own. On this, … Read more Banks are well capitalised and nothing is to worry about- CEA Subramanian

Taking loan is a common and major requirement for all of us. We all do that and it becomes more essential when it comes to the corporates. It will improve the chances of resolution if in case the loan go bad. And on this, on a discussion on Mitigating risks, a bank said-Turning the NPA … Read more According to the experts, corporates are consolidating their banking needs

Since the employees of bank aren’t happy with their current salary and demanding a hike of 15 percent at least, they are off to their work and going for a strike. This has been decided few days back. Also, their demands are not only limited to the hike in their pay slip only but to … Read more Three day nation wide bank strike got defered

There are reports that around 2.4 lakh automated teller machines (ATMs) Will get recalibrated in the coming months, Mahesh Ramamoorthy, Managing Director (Banking Solutions — APMEA) at FIS, said that consumers would not have to worry about it. The recalibration will increase the number of withdrawals as only ower denomination notes were likely to be … Read more Over 2.4 Lakhs ATMs will get Recaliberated

As per the Reserve bank of India’s statement of position, Banking system credit grew by 6.3% to ₹99.68 lakh crore in the fortnight ended 14 February. On the same date last year, the advances were ₹93.78 lakh crore. previous fortnight of 31 January, bank credit got increase by  7.1% on an annual basis to ₹100.23 lakh … Read more Bank Credit Growth went down to 6.3%

Starting from today, Banks are going to remain closed for consecutive three days. This will be in several cities including Mumbai, Bengaluru and Ahmedabad. This is due to the festival of Mahashivratri for which Reserve Bank of India (RBI) has declared a bank holiday today in several cities. Normally, bank holidays are on every second … Read more Banks will be closed in Bengaluru, Mumbai and other cities for 3 days

Reserve Bank Governor Shaktikanta Das recently said that to support the countercyclical measures which are taken by the government, structural reform are required to be continued to revive demand and support the economy. He also said that the green shoots are now visible and need to be sustained to pull India out of its current … Read more Government should continue reforms for recovery: RBI governer

LIC Housing Finance Ltd. has recently mentioned 14 real estate projects for last-mile funding through the alternative investment fund (AIF) which is to revive the stalled housing projects, said chief executive Siddhartha Mohanty. Mohanty told reporters that LIC Housing Finance’s exposure to these projects is about ₹1,100 crore and it is the poly financier for all … Read more LIC housing finance referred 14 projects that are stuck for last mile funding