As per a notification shared by the bank, a string of services will be offered to the customers on WhatsApp, which will be available 24 hours for 365 days on both Android and iOS phones.
The central government and the Life Insurance Corporation of India (LIC) are discussing offloading more than 51 per cent of IDBI Bank. However, a final decision will only be taken after a formal nod from the Reserve Bank of India (RBI).
Bank holidays in October 2022: According to the Reserve Bank of India (RBI), banks will remain closed across different states, as per the holidays' list. It must be noted that banks remain open on the first and third Saturdays every month.
With the hike in repo rate by the RBI, banks are set to raise the interest rates on fixed deposits, making them attractive. The rise in interest rates has made FDs attractive given the rates remained low for a long time. The question, however, remains whether this recent increase in FD rates will be enough to absorb the impact of high inflation, which was as high as 7 per cent in August 2022, on the back of supply constraints and high crude oil price.
With RBI hiking lending rates again, real estate market is embracing for a dip in demand for homes with interest rates surging.
“I don't think that one can live in a completely worry-free world that India is a sweet spot. Yes, India is doing better, if the investment is not going to flow to China and Russia, then by default India will have an advantage. However, the volatility in the currency and the global markets will definitely impact India,” says Jain in an exclusive conversation with Udayan Mukherjee, Global Business Editor, Business Today TV.
Bank of India has acquired 10,00,000 equity shares for Rs 100 each in the yet-to-be operational digital commerce company, ONDC.
The next meeting of the Monetary Policy Committee (MPC) is scheduled to start tomorrow with the policy announcement to be made on Friday, September 30, 2022.
As per the details on ICICI Bank’s official website, the new rates are effective from September 26, 2022. Whereas, Federal Bank has said the new rates are effective from September 27, 2002.
The EMIs are expected to be affected as the RBI's MPC commences its meeting tomorrow, with the policy announcement to be held on Friday.
Former Chief Economic Adviser Prof. K V Subramanian has replied that it is surprising that the former minister is questioning the impact as data closely shows how positively it has impacted the beneficiaries.
India's largest bank State Bank of India's cost-to-income ratio rose 911 bps year-on-year to 71.06 per cent in the June quarter, mostly due to losses on investments.
The report noted that post-pandemic economic recovery and higher credit growth in the current year can be attributed to the overall improvement.
The Central Bank of India has provided a written commitment that it would comply with the norms of Minimum Regulatory Capital, Net NPA, and Leverage ratio on an ongoing basis. The bank was put under the PCA framework in June 2017 due to its low return on assets and high net non-performing assets (NPAs).
Talking about the new regulations that will be effective next month, Ramesh Iyer, Vice-chairman and Managing Director of Mahindra Finance, a rural-focused NBFC, said that the regulations are getting tighter over time, but they are making the business model stronger and more relevant.
The EMI amount for the borrowers who have taken loans at the base rate would go up.
Interested candidates can apply online by visiting the official websites of the bank - bank.sbi/careers and sbi.co.in. Before applying, the candidates are advised to go through the detailed notification posted on the site.
The benchmark one-year MCLR will be 7.75 per cent from September 3 against the existing rate of 7.65 per cent.
Is it a bank holiday on August 31 for Ganesh Chaturthi? Check the state-wise list here.
The government's official fact-checker -- PIB Fact Check -- has flagged the message as fake and directed customers to never respond to such emails or SMS.
Despite these holidays, bank customers can use net banking and mobile banking to do some of their bank work.
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