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Deposit Insurance may be hiked to 5 lakh

Bank Deposit Insurance may be hiked to Rs 5 lakh

The finance ministry may raise the bank deposit insurance to Rs 5 lakh from Rs 1 lakh, which will be the first upward revision since...
Indian Banks shed quarter of clerical staff in 6 years

Indian Banks have more officers than clerks | Banks shed quarter...

The number of clerical staff in the banking sector has come down by a quarter of its size in 2012-13, owing to large-scale computerisation...
SBI want to be lead bank for ladakh open 14th branch in diskit

SBI open 14th branch in Ladakh’s Diskit | SBI wants to...

The country’s largest lender State Bank of India (SBI) has expressed a desire to become the lead-bank for the newly carved-out Union Territory of...
Merger of Andhra Bank with Union Bank of India as the anchor bank

PSU Banks Merger : Andhra Bank board gives approval for merger...

The board of directors of Andhra Bank on Friday accorded in-principle approval for the amalgamation of Andhra Bank and Corporation Bank with Union Bank of India as the...
Merger of Canara Bank and Syndicate Bank will create the third largest branch network

Banks Merger : Canara Bank board gives approval for merger with...

Canara Bank Board has given in-principal approval to the merger with Syndicate Bank. Finance Minister Nirmala Sitharaman had announced consolidation of 10 state-run banks...
Tax Free Gratuity Ceiling Increase to 20 Lakh

Gratuity Amendment : Tax free gratuity ceiling enhanced to Rs. 20...

Union Government has notified the doubling of the limit of tax-free gratuity to Rs 20 lakh in private sector. The notification follows changes in the...
Government allow banks to sell more small saving schemes NSC RD MIP

Payments Bank, Small Finance Banks to offer Atal Pension Yojana

Finance Ministry announced that the payment banks such as Airtel payments bank and small finance bank such as Utkarsh and ESAF will also offer...
RBI New Rupee 10 Bank Note Image features

New Chocolate Color Rs 10 Bank Note Introduced, Features, Image

New Chocolate Color Rupee 10 Bank Note Introduced by RBI in the Mahatma Gandhi (New) Series – Know here features of new rupee 10...
AIBEA Letter to IBA regarding Annual Closing on 01-04-2018

AIBEA Letter to IBA regarding Bank’s Annual Closing to 01-04-2018

All India Bank Employee’s Association (AIBEA) has written a letter to Indian Bank’s Association to declare 02-04-2018 as a bank holiday for the public...
Union Bank Contactless Debit Card

Union Bank Contactless Debit Card Launched – Features

Consistently contributing towards India’s Digital transformation, Union Bank of India added a smart, Wave to Pay, Debit Card to its kitty, with the introduction...