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Banking

Customers will continue to get five free transactions, including financial and non-financial transactions, every month from their respective banks

ATM cash withdrawals to become expensive from January 1, 2022

Dec 04, 2021

ATM cash withdrawal charges are going to increase from next month. Check details here

Shares of Dhanlaxmi Bank on Thursday closed at Rs 14.14 apiece on the BSE, down by 0.42 per cent from the previous close

Dhanlaxmi Bank Part-Time Chairman G Subramonia Iyer resigns

Dec 02, 2021

His resignation is to be effective from December 31, 2021.

HDFC Bank increases fixed deposit (FD) interest rates effective from December 1, 2021

HDFC Bank raises FD interest rates; check details here

Dec 02, 2021

The interest hikes have come just a week before the RBI's bi-monthly monetary policy review next week.

PNB is offering 5.25 per cent interest on deposits maturing above five years to 10 years.

New interest rates on PNB's savings accounts from today

Dec 01, 2021

The revised domestic and NRI savings account interest is applicable from today, December 1, 2021, to both existing and new customers.

Cashfree is also in talks with various fintech firms for acquisition purposes

SBI-backed CashFree acquires majority stake in UAE-based payments firm, Telr

Nov 30, 2021

CashFree is also in talks to acquire fintech firms in India.

Reserve Bank of India

RBI imposes Rs 1 crore fine on Union Bank of India

Nov 29, 2021

Earlier this month, RBI has also imposed a monetary penalty of Rs 1 crore on State Bank of India, the country's largest PSB, for certain irregularities. 

Boosted by the development, the Kotak Mahindra Bank share is trading 3.21 per cent or Rs 63.70 up at Rs 2,028.4 on the NSE today.

LIC receives RBI approval to increase stake in Kotak Mahindra Bank to 9.99%

Nov 29, 2021

LIC's current stake in the private bank stands at 4.96 per cent; the RBI's approval is valid for a period of one year.

Through the pact, Capri Global and SBI will disburse MSME loans across over 100 touchpoints across India starting December 2021.

Capri Global ties up with SBI to offer MSME loans

Nov 29, 2021

The co-lending agreement aims to offer secured loans between Rs 10 lakh to Rs 100 lakh.

IndusInd Bank’s wholly-owned subsidiary BFIL is facing serious allegations of evergreening of loans by whistleblowers.

IndusInd Bank row: Shalabh Saxena, Ashish Damani resign; to assist the bank in the review of transactions at BFIL

Nov 29, 2021

Hinduja-owned IndusInd Bank says an international audit firm has been appointed to conduct an independent review of "anonymous complaints"; the BFIL board has deferred to relieve them until the probe completes.

The RBI's list of holidays can be divided into three categories, namely state-wise holidays, religious holidays, and festivals.

Bank holidays in December 2021: Banks to remain shut on these days; check full list here

Nov 28, 2021

All public and private sector banks will remain closed for 12 days in December including weekends, according to the RBI bank holidays list

The fine was levied after taking into account submissions by SBI, RBI said

RBI imposes Rs 1 crore fine on State Bank of India

Nov 26, 2021

This is the second time that RBI has slapped monetary fine on SBI.