Tag: Banking News
Singapore’s DBS Bank gets RBI nod to operate subsidiary in India
DBS Bank, Singapore’s largest lender with $355 billion in assets, has received in principle approval from Reserve Bank of India (RBI) to start a...
Management shot down UCO bank’s plan to stop salary of non...
In a bizarre note to the bank’s personnel services department, one of the zonal heads of the UCO bank had requested to suspend salaries...
Personal Info of bank employees exempt from disclosure under RTI :...
The Supreme Court has held that that service details of bank employees like information regarding transfer , posting of the clerical staff can’t be...
Union Bank, Dena Bank cut MCLR rates , Check new MCLR...
State run lenders Union Bank of India and Dena Bank bring down their MCLR rates across various tenors by 20 and 15 basis points...
Canara bank cut saving bank deposit interest rate by 50 basis...
Canara Bank, one of the largest public sector banks is next to cut interest rate on saving bank deposits. Like other banks, Canara Bank...
Bank merger to hit hiring in public sector banks, 50 percent...
As Government has given in principle approval to merger of banks so hiring in public sector banks will be affected badly. Union cabinet has...
Post demonetisation, 99 percent banned currency notes back in system :...
Reserve Bank of India (RBI) published its annual report which hints about figures on demonetized currency notes of denomination ₹500 and ₹ 1,000 that...
SBI collect ₹ 235cr in minimum average balance fine in June...
State Bank of India (SBI) has realised Rs 235.06 crore as penalty from 388.74 lakh accounts for not maintaining monthly minimum average balance in...
Government to put PSU Banks Merger Process on fast track
Keen to push consolidation in the public sector banking space, the government is looking to set up a new mechanism to speed up decisions...