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Banking

SBI internet banking, UPI services, Yono app to remain affected today due to maintenance
The SBI's digital services will be affected from 10:15 pm on May 7 to 1:45 am on May 8.
SBI digital services to be affected due to maintenance on May 7
The services will be affected from 10:15 pm on May 7 to 1:45 am on May 8.
PSBs will only lead bad bank, private banks also need to support it: SBI MD
State-run lenders will take a lead in creation of the bad bank, but the sick asset resolution platform needs the support of private banks and other lenders to be successful, State Bank of India Managing Director Swaminathan J said
How does open banking affect the end consumer?
Open banking is a model that allows banks to give data access to affiliated parties through an Application Programming Interface tool
Jan Dhan: 11 lakh new accounts added in Covid-ravaged April
There was a net outflow of Rs 2,253 crore from the Jan-Dhan accounts during the month that witnessed the second surge of the infection.
AIBEA opposes govt decision to privatise IDBI Bank
All India Bank Employees' Association said the government should control a minimum of 51% share capital of the bank
Cabinet clears strategic disinvestment, transfer of management control in IDBI Bank
The extent of respective shareholding to be divested by the central government and LIC shall be decided at the time of structuring of transaction in consultation with the RBI
EMI conundrum for those who have been laid off
Financial planners suggest maintaining an emergency fund which can cover at least 6 to 12 months of expenses, including EMI payments
No punitive action if KYC not done: RBI
On April 30 State Bank of India had asked for KYC documents by post and e-mail last week after Money9 pointed out that the bank was asking customers to visit branches with hard copies of KYC documents.
Covid-19 crisis: RBI announces loan recast for individuals, small businesses
RBI said individuals and small businesses with aggregate exposure of up to Rs 25 crores and those who have not taken restructuring earlier and were classified as standard as of March 31, 2021, will be eligible to be considered. The restructuring may be invoked up to September 30.

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