DICGC to Pay Up to Rs 5 Lakh to Account Holders
Deposit Insurance and Credit Guarantee Corporation (DICGC) will pay the depositors/account holders of the 21 insured banks placed under the all-inclusive directions (AID) an amount...
Tag : banks
Is the correction in City Union Bank (CUB) a buying Opportunity?
City Union Bank Ltd NSE :CUB BSE :532210 Sector : Banks Post result announcement on 28-May-2021 stock has seen profit booking and stock dragged 3% lower in Tuesdays (1-June-2021)...
Bank FD rates compared: What SBI, PNB Bank offer
Bank fixed deposit (FD) is one of the most popular investment product. All the major banks including State Bank of India (SBI), Punjab National Bank...
Four Banks Fined By RBI For Violating KYC Norm
The Reserve Bank of India has forced a penalty of Rs 1.75 crore on four public sector banks, including Punjab National Bank and UCO Bank,...
RBI Governor To Meet Chambers Of Industry & Commerce Tomorrow
Shaktikanta Das, Governor of Reserve Bank of India (RBI) will meet chambers of industry and commerce tomorrow in order to understand prevalent issues and concerns....
RBI Governor To Meet Chambers Of Industry & Commerce Tomorrow
Shaktikanta Das, Governor of Reserve Bank of India (RBI) will meet chambers of industry and commerce tomorrow in order to understand prevalent issues and concerns....
RBI Introduces Norms For Loan Restructuring For MSMEs
The Reserve Bank of India (RBI), in order to create an enabling environment for the Micro, Small and Medium Enterprises (MSMEs), has announced the norms...
RBI upgrades KYC norms for financial entities, banks
The Reserve Bank of India (RBI) has updated the know your customer (KYC) norms for banks and financial entities. RBI stated, “Regulated entities (RE) have...
PSU banks likely to receive Rs.70,000 cr via recap bonds this fiscal
The Finance Ministry, may inject approx Rs.70,000 crore via recapitalization bonds in the bad loan hit public sector banks in the coming 4 months. Finance...
Tax department has extended date for filing SFT by banks, MFs till June 30
The Income Tax department has extended the date for filing the Statement of Financial Transaction (SFT) report by banks, mutual funds and financial institutions by...