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The customers will have to first save the PNB official WhatsApp number, which is +919264092640, on their phones.

PNB to offer banking services on WhatsApp. Check here how to activate the service

Oct 04, 2022

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.

In May of last year, the Cabinet Committee on Economic Affairs approved in principle the strategic disinvestment and transfer of management control in IDBI Bank.

Exclusive - The IDBI Bank sale process could begin closer to Diwali

Sep 30, 2022

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: Banks to remain closed for 21 days; Check full list

Bank holidays in October 2022: Banks to remain closed for 21 days; Check full list

Sep 30, 2022

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.

The rise in interest rates has made FDs attractive given the rates remained low for a long time.

RBI repo rate hike: Your FD interest rates are set to go up; Here’s how

Sep 30, 2022

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. 

According to analyses by JLL India, after today’s 50 basis points repo rate hike by the RBI, home loan interests may go up by at least 20-30 basis points.

RBI MPC meet: Expect a 8-9% rise in home loan EMIs after today’s repo rate hike

Sep 30, 2022

With RBI hiking lending rates again, real estate market is embracing for a dip in demand for homes with interest rates surging.

Nirmal Jain recommended that one should invest 40 to 60 per cent of their portfolio in equities and the remaining in fixed income instruments.

RBI may hike repo by 50 bps: Nirmal Jain, Founder & Chairman, IIFL

Sep 29, 2022

“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 picks up stake in ONDC

Bank of India acquires 5.56% stake in ONDC for Rs 10 crore

Sep 28, 2022

Bank of India has acquired 10,00,000 equity shares for Rs 100 each in the yet-to-be operational digital commerce company, ONDC.

RBI has already increased the repo rate three times since May. During this period the key policy rate has risen from 4 per cent to 5.40 per cent.  (Photo: Reuters)

RBI could increase the repo rate up to 50 bps: BT Poll

Sep 27, 2022

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.

Most banks have revised their fixed deposit interest rates after RBI last revised its repo rate in August.

ICICI, Federal Bank Fixed Deposit Rate: ICICI Bank, Federal Bank tweak their interest rates ahead of RBI's MPC meet this week 

Sep 27, 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.

Those who have taken out loans at floating interest rates are likely to be impacted by the rise in repo rates.

Home, car and personal loans: Your EMIs are likely to go up after Friday

Sep 27, 2022

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.

In the last few years, public sector banks, which have been distributing MUDRA loans, have seen a spike in their bad loans

MUDRA loan scheme: Negating Chidambaram, ex CEA K V Subramanian says MUDRA loans’s impact has been positive

Sep 27, 2022

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.

In comparison other Indian banks on the list, ICICI Bank and HDFC Bank, showed improvement in the ratios.

SBI found to be the least efficient bank in Asia-Pacific zone: S&P Global Market Intelligence report

Sep 22, 2022

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.

Crisil said the asset quality improvement in the corporate segment is due to a “significant clean-up” done of bank books in recent years

Banks' gross non-performing assets may dip to 10-year low, CRISIL says

Sep 21, 2022

The report noted that post-pandemic economic recovery and higher credit growth in the current year can be attributed to the overall improvement.

RBI revised the PCA framework for Scheduled Commercial Banks (SCBs), with changes being effective from January 1, 2022.  (Photo: Reuters)

RBI takes Central Bank of India out of PCA restrictions

Sep 20, 2022

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).

NBFCs borrow money from the banks and lend the money to their focused customers. Higher levels of defaults by NBFCs could pose a serious challenge to the banking sector.

'Will make them stronger, relevant': Mahindra Finance MD backs RBI's new regulations for NBFCs

Sep 15, 2022

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 bank has also raised the base rate by similar basis points to 8.7 per cent, effective Thursday.

SBI raises benchmark lending rate by 0.7% to 13.45%

Sep 15, 2022

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.  (Photo: Reuters)

SBI recruitment 2022: Notification issued for more than 5,000 clerk posts. How to apply

Sep 07, 2022

 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. 

Indian Bank increases MCLR by 0.10 per cent

Indian Bank hikes MCLR by 0.10% across tenors from Sept 3

Sep 02, 2022

The benchmark one-year MCLR will be 7.75 per cent from September 3 against the existing rate of 7.65 per cent.

Bank holiday on Ganesh Chaturthi: These states are offering holiday tomorrow

Bank holiday on Ganesh Chaturthi: These states are offering holiday tomorrow

Aug 30, 2022

Is it a bank holiday on August 31 for Ganesh Chaturthi? Check the state-wise list here.

Fake message alert! SBI users get message to update PAN details (Photo: Reuters)

Fake message alert! SBI users get message to update PAN details

Aug 29, 2022

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.

Bank Holidays in September 2022: Banks to remain closed for 13 days; Check full list (Photo: Reuters)

Bank Holidays in September 2022: Banks to remain closed for 13 days; Check full list

Aug 29, 2022

Despite these holidays, bank customers can use net banking and mobile banking to do some of their bank work.