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RBI directs banks on Cardless cash withdrawals at all ATMs
The Reserve Bank of India (RBI) has ordered all the banks to provide an Interoperable Cardless Cash Withdrawal (ICCW) system in their ATMs.
In accordance...
Rating agencies are in limbo over RBI’s new guidance on loans
The new RBI guidelines on loans have shocked the credit rating agencies.
The Reserve Bank of India has said that a company's ratings on loans...
The New Development Bank (NDB) to open its first regional office in India
The Shanghai-based multilateral bank of the Brics countries, The New Development Bank (NDB), is set to open its first regional office in India at...
Supreme Court rejects Bank’s case against a Farmer
The Supreme Court had rejected a case on Friday put forth by the Bank of Maharashtra challenging a High Court's order.
The High Court...
Union Bank of India launches cross border trade finance service Trade Nxt
Union Bank of India launched an online platform called 'Trade Nxt,' which provides cross-border financial trading services to Indian importers and exporters.
It provides access...
Quoting PAN and Aadhaar mandatory for deposit or withdrawal of 20 lakhs or more
In a recent notification, the Government of India has made it mandatory to quote PAN cards or Aadhar Card for transactions equal to or...
SC allows banks to directly initiate insolvency proceedings against personal guarantors
The Supreme Court's decision was a relief for all the Financial Creditors, especially banks. The SC has allowed banks to approach a new route...
Central Bank of India published a net profit of ₹ 1044.83 crores
The Central Bank of India, a state-owned bank, recorded a net profit of Rs 310.31 crore in March 2022, compared to a net loss...
Not any Branches are Going to Shut Down by Central Bank of India this...
According to the recent news, it is widely circulated by media that the Central Bank of India has decided to close down its branches...
Cabinet has Approved INR 820 Crore For India Post Payment Bank
The India Post Payments Bank or shortly known as the IPPB is a division of the Indian Post. It is an active body under...