Banks general
Private banks to charge Rs150 per cash transactions after four per month
02 Mar 2017
Banks will levy a service tax in addition to the Rs150 transaction fee, besides a fee of Rs5 per Rs1,000, and restrict cash transactions at Rs2 lakh per account per month
PSU banking services hit by strike
28 Feb 2017
PSU bank employees to strike work tomorrow
27 Feb 2017
Most of the banks, including SBI, PNB and BoB, have already informed their customers that functioning of branches and offices will be impacted if the strike takes place
Axis Bank, 2 other firms under probe for Aadhar misuse
25 Feb 2017
For the first time, three firms, including Axis Bank, are being probed for allegedly attempting unauthorised authentication and impersonation by using stored Aadhaar biometrics
SBI, associate banks merger to start on 1 April
24 Feb 2017
The merger of all the five associate banks will raise SBI’s combined asset base to over Rs3,200,000 crore and place it among world’s top 50 banks
Banks told to switch to Aadhaar Pay by end-March
23 Feb 2017
Economic advisor backs `bad bank’ proposal to tackle NPAs
22 Feb 2017
Critics, however, say the bad bank will only shift the burden of recovery from the bank and will not help reduce bad loans
A sixth of all PSU bank loans stressed: RBI Dy governor
22 Feb 2017
For banks in the worst shape, the share of assets under stress has approached or exceeded 20 per cent, he said, adding that this estimate of stressed assets has doubled from 2013
Savings account holders can withdraw up to Rs50,000 a week now
20 Feb 2017
Starting today, savings accounts holders will be able to withdraw cash up to Rs50,000 per week, though the ATM withdrawal limit of Rs10,000 will stay
Cabinet gives go-ahead for SBI’s acquisition of subsidiary banks
15 Feb 2017
However, the merger, which will create a banking behemoth, does not include Bharatiya Mahila Bank as earlier proposed
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