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Homec > Banking

Banking

RBI fines Axis, Mannapuram for flouting rules
The fine has been imposed for non-compliance with certain directions issued by the RBI on KYC, 'Loans and Advances – Statutory and Other Restrictions' inter alias.
RBI increases scrutiny on unsecured loans
The risk weightage on retail loans advanced by NBFCs have been increased from 100% to 125%.
IDBI Bank's Diwali Gift For Depositors!
Ahead of disinvestment by LIC, the IDBI Bank has hiked interest rates to as high as 7.00 per cent on fixed deposits!
HDFC Bank raises lending rates by 0.05%
India’s biggest private sector bank HDFC Bank has raised its lending rates by a marginal 0.05 per cent across select loan tenors. The lender’s asset liability committee, which met on Tuesday in Mumbai, decided to hike the marginal cost of funding based lending rates by 0.05 per cent. The hike comes even as there has […]
RBI fines PNB, Federal Bank!
The penalty on Punjab National Bank has been imposed for non-compliance with certain provisions related to 'interest rate on advances' and 'customer service in banks', Reserve Bank of India (RBI) said in a release.
Have Rs 2,000 notes? Just send via post to RBI
"We encourage customers to send Rs 2,000 notes through the insured post to the RBI for direct credit in their account in the most seamless and secure manner. This (will) save them from the hassle of travelling to specified branches and standing in queue," RBI Regional Director Rohit P Das said.
RBI: Money can be withdrawn from FD of up to Rs 1 crore
RBI has said that the minimum amount for non-callable term deposit can be increased from Rs 15 lakh to Rs 1 crore. What is the difference between non-callable and callable FD? How will the common man benefit from this?
Why are bank employees leaving?
What is the reason behind rising attrition levels reported in private banks?
Where should senior citizens invest?
HDFC Bank is offering 7.75 percent interest to senior citizens on FDs ranging from 5 years-1 day to 10 years
Banks to allow premature withdrawal of FDs up to Rs 1cr
The Reserve Bank of India (RBI) on Thursday said that banks will have to provide premature withdrawal facility on all fixed deposits up to Rs 1 crore. At present this limit is up to Rs 15 lakh. The Reserve Bank said in a circular that after a review, it has been decided that the minimum […]

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