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Common portal for retail loans by Public Sector BanksCommon portal for retail loans by Public Sector Banks

Common portal for retail loans by Public Sector Banks

State-run banks are mulling a common portal where they could offer competitive and instant personal, housing and other retail loans…

7 years ago
Notice served through WhatsApp to a defaulter is validNotice served through WhatsApp to a defaulter is valid

Notice served through WhatsApp to a defaulter is valid

If a borrower has defaulted in repayment of loan or credit card and is avoiding service of notice by frequently…

7 years ago
AIBOC urges Delhi High Court to quash RBI CircularAIBOC urges Delhi High Court to quash RBI Circular

AIBOC urges Delhi High Court to quash RBI Circular

All India Bank Officers’ Confederation (AIBOC), the biggest union of banks has filed a writ petition in the Delhi High…

7 years ago
Govt. planning merger of Bank of Baroda, IDBI, OBC and Central Bank of IndiaGovt. planning merger of Bank of Baroda, IDBI, OBC and Central Bank of India

Govt. planning merger of Bank of Baroda, IDBI, OBC and Central Bank of India

Government is considering merger of four public sector banks, Bank of Baroda, Oriental Bank of Commerce, Central Bank of India…

7 years ago
Bank Strike for 2 Days in May (30-31 or 28-29?)Bank Strike for 2 Days in May (30-31 or 28-29?)

Bank Strike for 2 Days in May (30-31 or 28-29?)

The United Forum of Bank Unions (UFBU) has proposed a 48 hours strike in Banks for early revision of salary…

7 years ago
Pension for RRB Employees at par with Nationalised BanksPension for RRB Employees at par with Nationalised Banks

Pension for RRB Employees at par with Nationalised Banks

On 25th April, 2018, a Supreme Court Decision has come in favour of employees of Regional Rural Banks (RRB). After…

7 years ago
Gratuity increase for bankers – Lok Sabha passes the billGratuity increase for bankers – Lok Sabha passes the bill

Gratuity increase for bankers – Lok Sabha passes the bill

Lok Sabha today passed the amendment in Payment of Gratuity Act to increase the Gratuity ceiling to Rs.20 lacs. The…

7 years ago
Letters of Undertaking (LoUs) and Letters of Comfort (LoCs) discontinued by RBI for Trade CreditsLetters of Undertaking (LoUs) and Letters of Comfort (LoCs) discontinued by RBI for Trade Credits

Letters of Undertaking (LoUs) and Letters of Comfort (LoCs) discontinued by RBI for Trade Credits

Reviewing the guidelines after PNB fraud of Rs.1200+ crores, RBI vide notification dated 13 March 2018 discontinued issuance of LOU/…

7 years ago
Passport Details must for more than 50 Crore loanPassport Details must for more than 50 Crore loan

Passport Details must for more than 50 Crore loan

Finance Ministry on Saturday said passport details will be made mandatory for loans of more than Rs.50 crore from state…

7 years ago
RBI imposes Rs.5 Crore Penalty on Airtel Payment BankRBI imposes Rs.5 Crore Penalty on Airtel Payment Bank

RBI imposes Rs.5 Crore Penalty on Airtel Payment Bank

The Reserve Bank of India (RBI) has imposed penalty of ₹ 5 crores on Airtel Payments Bank Limited for contravening…

7 years ago