The Punjab National Bank (PNB) fraud has brought forward an instrument used widely in international trade finance, in Asia and other developing countries.
These 'smart' ATMs can perform Aadhaar -based biometric authentication, and all other transactions via net banking as against merely dispensing cash.
Apart from higher provisions, banks will need to amortize fees -- such as those on loan origination -- over the entire repayment period rather than book them upfront.
Huge bad loans in banks is a big problem, but there is nothing much about recovering non-performing assets (NPAs) in the Budget 2018.
वित्त राज्यमंत्री शिव प्रताप शुक्ला ने राज्यसभा में लिखित जवाब में कहा, "सार्वजनिक क्षेत्र के बैंकों (पीएसबी) द्वारा दी गई आंकड़ों के मुताबिक, कुछ बैंकों में ग्राहकों की Aadhaar संख्या का उपयोग करते हुए धोखाधड़ी से बैंक खातों से पैसा निकाला…
Finance minister Arun Jaitley on Friday said the government was committed towards consolidation of banks and privatisation of IDBI Bank.
The investigation further revealed that the Bank data were purchased by Gupta's clients for 10-20 paise per account holder.
The data provided shows that these nine banks have together sanctioned such loans to only 196 SC, 76 ST individuals and 2,015 general category women.
This will enable banks to bring down interest rates on deposits. "Since the benchmark marginal cost of lending rate is determined by the cost of funds.
Bank accounts opened between July 1, 2014 and August 31, 2015 need to submit self-certification by April 30 to comply with FATCA (Foreign Account Tax Compliance Act).
Seeking to create a global sized bank, the government on Wednesday gave a go-ahead to the merger plan of SBI and its five associate banks but did not take a decision with regard to Bharatiya Mahila Bank.
RBI Instructions on Withdrawal of cash from bank deposit accounts - No limit for cash withdrawal from bank accounts specified
All citizens, especially 40% of the country's population that is outside the ambit of formal banking in the country will benefit from this project.
Management of Banks comprising of 43 Banks and the Bank Employees and Officers Unions AIBEA, NCBE, BEFI, NOBW and INBEF have signed wage revision agreement. The features of the Memorandum of Settlement are produced here
10th Bipartite Bank Employees wage revision - AIBOA reports on IBA and UFBU meeting held on 16th April 2015
Indian Bankers Association (IBA) has announced vide Ref No.CIR/HR&IR/H6/2014-15/1556 dated 31.03.2015 regarding declaration of Bank Holiday on Tuesday, 14th April 2015 throughout India on account of Birthday of Dr. B R Ambedkar under …
Incentives to Bank Officers when posted to NER - North Eastern Region - Incentive @ 20% of Basic Pay is also applicable to Officers who belong to a state of North Eastern Region and posted in any other state of NER F.No.4/4/2/2001-IR…
Prevailing Bank Interest Rates for Housing Loan, Vehicle Loan and Education Loan - Minister replies in Parliament GOVERNMENT OF INDIA MINISTRY OF FINANCE LOK SABHA UNSTARRED QUESTION NO 1381 ANSWERED ON 18.07.2014 VARIATION IN…
Bank Employees Pay revision - Bipartite Talks held between UFBU (United forum of Bank Unions) and IBA (Indian Banks Association)
Pay hike on the basis of Cost to Company Salary Structure to Bank Employees - Finance Ministry's suggestion to IBA