NEFT transactions to be made 24x7 from December 16

Bank customers will be able to transfer funds through NEFT around the clock on all days including weekends and holidays from December 16, the Reserve...

more

RBI: From January 2020, Banks cannot charge for online NEFT transactions

In its latest press release titled, ‘Furthering Digital Payments’, the Reserve Bank of India has directed all banks to stop charging...

more

ICICI Bank directed by consumer forum to pay Rs 55000 to customer

A district consumer forum from Telangana has ordered ICICI bank to pay Rs 55,000 to a consumer for failing to inform him about resetting of rate of...

more

RBI’s Das: “RBI would not allow any co-operative bank to fail”

The RBI Governor Mr Shaktikanta Das today said that the RBI would take prompt corrective action wherever appropriate.

more

Card payments in smaller towns and villages to get a push

The RBI has announced the set-up of an “Acceptance Development Fund” in consultation with the stakeholders. The ADF is being created to...

more

Banks will pay 8% interest for delay in crediting pension, arrears

The Reserve Bank of India (RBI) has asked all pension-paying banks to compensate pensioners, at a fixed rate of 8% per annum for delay in credit of...

more

SBI Revises Charges on Cash Withdrawals, Average Monthly Balance and Others

Starting 1 October, the State Bank of India will revise service charges for deposits and withdrawal which will encompass cash withdrawal, average...

more

Federal Bank to Link Deposit rate to External Benchmarks

Federal Bank on Saturday announced that it will link its savings deposit rate to external benchmarks, becoming the first private sector lender to...

more

HDFC Bank Asked to Pay Rs5 lakh for Misplacing Mortgage Documents

A consumer forum directed HDFC Bank to pay ₹5 lakh as compensation after it misplaced original property documents which a couple had deposited...

more

IDBI Bank Offers Repo-linked Loans But Only to New Customers

Despite the Reserve Bank supporting banks in their resistance to using external benchmarks for floating rate loans, one by one, more and more banks...

more
  Loading...
  Loading...

To continue


Please
Sign Up or Sign In
with

Email

We are listening!

Solve the equation and enter in the Captcha field.