5 free facilities to be provided by IDBI to its customers for depositing cash per month. From 1st of July, 2021 IDBI customers will get 10% discount on ₹10,000-24,999 balance for all months in a year. Further, customers will have to pay only ₹5/cheque leaf after 20 leaves per year. Charges revised by IDBI …
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IDBI financial institution has secured a $239- million judgment inside the business division of the supreme courtroom of London in opposition to a Cypriot subsidiary of India-based Essar Transport group, believed to be one of many largest debt judgments obtained by an Indian financial institution within the English courtroom. Essar Case: IDBI bank secures $239 …
Read moreEssar Case: IDBI bank secures $239 million debt judgment in UK
Country’s top Public sector bank State Bank of India together with IOCL launched co-branded Rupay debit card. Every branch of State Bank of India is providing the cards based on the needs of the customer. Customer can apply for the card by visiting to their nearby State Bank of India branch. The best thing in …
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CBI case registered against Rahul Gaur in 80 crore fraud against the bank. The CBI has registered a case against Rahul Gaur. Rahul Gaur is the son of BL Gaur who is the chairman of real estate group Gaursons . This is to inform that a case of 80 crores fraud has been committed by …
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NBFCs assets may de-grow 1-3% in FY21 as fresh disbursements drop sharply: Crisil Mumbai: Resources under the conduct of non-banking money related firms are going to observe a decrease in the current cash. As new payment saw a visible drop says a report. Benefit under the conduct of outline banking division estimates to have …
Fino Payment banks launches “Bhavishya” savings account for minors. This savings account can be open by paying a nominal amount. The bank will introduce the Bhavishya savings bank account firstly, in the states of U.P., M.P., and Bihar. Before going through it in detail, let us look into what the payment bank is? Nachiket …
Gross NPA of all schedule commercial banks may rise to 12.5% by march 21 from 8.5% in March 2020. This estimation is based on Financial Stability Report released by RBI. Report says that if condition worsens further then the ratio may increase to 14.7%. Key highlights of the decision: 1. There is a normal …
Supreme Court Orders RBI and Centre: Covid-19 Crisis: Country’s Top Court Orders RBI Centre to Discuss Interest on Deferred Loan Repayments Top court said the inquiry isn’t a waiver of complete interest for the whole moratorium period. However, the question is on interest charge on interest The Supreme Court on Friday solicited the Finance Ministry …
RBI on Monday proposes easier Securitisation norms This includes amendments to the definition of securitisation. In addition, it includes reducing the share of the originating bank or non-banking finance company to securitised assets. According to the RBI, the present definition of securitisation will allow for single asset securitisation. It permitted the Securitisation of risks purchased …
Interest drop of various public sector banks PNB lowers rates on savings account deposits by 0.5% Rate of Interest decreases from 3.5% to 3% for deposits up to Rs. 50 Lakhs. Depositors will earn an interest of 3.25% instead of 3.75% earlier against the deposit of Rs. 50 Lakhs and above. The rate of interest …