A casual act of letting your spouse or a close relative/friend withdraw money from an ATM using your debit card could prove costly.
The second day of the two-day strike by bank employees saw more of participation, even as branch-level services continued to be hit, with less ATMs functional on Thursday.
Banking operations in the country remained paralysed on the first day of the two-day nationwide bank strike on Wednesday.
Banking activities in public sector banks across the country have been interrupted as employees go on two-day nation-wide strike against the meagre 2% salary hike offered by the management.
Around 1 million bank employees will go on a two-day strike this Wednesday as the conciliation efforts by the Union government failed to convince bank unions to call off protests.
State Bank of India (SBI) reported a loss of Rs. 7,718 crore ($1.1 billion) - its biggest ever - in the January-March quarter, as the country's biggest lender set aside more provisions for bad loans after a change in banking regulation.
All India Bank Employees Association (AIBEA), said: “For the last four to five years, banks have been earning an operating profit, but net profit is wiped out because of bad loans.
A Supreme Court verdict has paved the way for regional rural bank (RRB) employees draw pension at par with nationalised banks, ending a two-decade long legal battle.
In a major headache for Public Sector Banks (PSBs) in the country, the recovery rate of non performing assets (NPA), which were written off, has been declining.
नोटबंदी के बाद एक बार फिर एटीएम (ATM) और बैंकों में कैश का संकट गहरा गया है। एटीएम में कैश की किल्लत को लेकर कई कारण सामने आ रहे हैं।
The finance ministry is in discussion with the Reserve Bank of India (RBI) for relaxation of norms regarding stressed asset resolution that was announced in February.
Anomaly in Computation of Pension – Anomaly in computation of Pension Civil Appeal No. 5525 of 2012, Filed in the Hon`ble Supreme Court of India by Bank of Baroda & Ors with other Civil Appeals
A year before the Rs 13,600 crore Nirav Modi-Mehul Choksi bank scam came to light, the Central Vigilance Commission (CVC) had sounded an alarm over irregularities in the gems and jewellery sector.
The Union government has informed the Parliament that the regulations framed by the Reserve Bank of India (RBI) apply equally to both public and private sector banks.
The Reserve Bank of India (RBI) has temporarily relaxed provisioning norms for lenders to defaulters undergoing bankruptcy resolution in a move that could help banks bolster their financial results for the year and quarter ended March.
“It would be a peculiar situation because for the first time a bank (PNB) would be technically described as defaulter,” a senior banker said.
Former RBI governor C Rangarajan, at a recent event, said the RBI has supervisory powers but it consults finance ministry before taking any action... because government is the owner of the PSU bank.
Public lender State Bank of India (SBI) has reduced charges for the non-maintenance of Average Monthly Balance (AMB) in savings accounts, effective April 01, 2018.
11th Bipartite Bank Wage Settlement Talks Postponed due to unforeseen Circumstances - IBA – Wage Negotiating Committee Meeting with Unions/Associations postponed.
The Punjab National Bank (PNB) fraud has brought forward an instrument used widely in international trade finance, in Asia and other developing countries.