China Banks To Raise 520 Billion To Boost Financial Strength
State banks of China are raising massive funds up upto Rs 520 billion yuan to boost the financial strength of the country. The Chinese...
Despite Being Eid-Ul-Fitar, Banks To Remain Operational From March 29 to March 31
In circular issued on Monday, RBI said that banks will be operational for a special cheque-clearing session till 31st March, 2025. Since March 30...
SBI Chairman CS Setty As the New Chairman of IBA
The managing committee of Indian Bank's Association (IBA) has elected CS Setty as the new Chairman. Setty wil serve IBA as the chairman until...
Deutsche Bank Chairman: Germany To Get €1 trillion ($1.1 trillion) For Free
In a panel discussion organized by the Institute of International Finance, Deutsche Bank AG Chairman Alexander Wynaendts, said that Germany will receive an additional...
RBI Fined HDFC Bank and Punjab & Sind Bank for Violating KYC Norms
RBI has imposed penalties on two banks for not following proper Know Your Customer (KYC) guidelines. RBI
want to enforce strict regulatory rules in...
Growing Uncertainty Drives Wealthy Americans to Open Swiss Bank Accounts
Rich Americans are transferring large sums of money out of the country. This money is being transferred to countries like Switzerland, Jersey and Guernsey....
RBI Approved a Hike in ATM Interchange Fees
RBI raised ATM interchange fees by Rs 2 for financial transactions (like cash withdrawals) and Rs 1 for non-financial transactions (like balance inquiries). This...
2400 Bank Accounts connected to Illegal Online Gaming Websites Frozen by DGGI
The Directorate General of Goods and Services Tax Intelligence (DGGI) has strengthen its action aganist illegal online gaming websites. This includes both foreign and...
Rs 36 Lakh Penalty on Citibank and IDBI, imposed by RBI
Two banks, IDBI and Citibank, will pay the penalty for violating RBI norms. RBI said that they imposed the penalty as the banks failed...
Bank Strike Cancelled after UFBU and CLC Meeting
United Forum of Bank Unions (UFBU) announced that a adjourned conciliation meeting took place today morning. UFBU said that the meeting was based on...