tag:blogger.com,1999:blog-21350636789174432332024-03-19T14:17:50.782+05:30Banking News UpdateA Complete Banking Guide... Bank of Baroda, Allahabad Bank, Andhra Bank, Bank of India, Bank of Maharashtra, Canara Bank, Central Bank of India, Dena Bank, ICICI Bank, IDBI Bank Limited, Indian Bank, Indian Overseas Bank,, Oriental Bank of Commerce, Punjab & Sind Bank, Punjab National Bank, State Bank of India, UCO Bank, UTI Bank Ltd., Union Bank of India, United Bank Of India, Vijaya Bank, Yes Bank, Mutual Funds, Income TaxUnknownnoreply@blogger.comBlogger36061125tag:blogger.com,1999:blog-2135063678917443233.post-33552772500967770372024-03-19T11:10:00.001+05:302024-03-19T11:10:25.936+05:30Bank of Japan ends negative rates, closing era of radical policy<img border="0" hspace="10" align="left" style="margin-top:3px;margin-right:5px;" src="https://timesofindia.indiatimes.com/photo/108603506.cms" />While the move will be Japan's first interest rate hike in 17 years, it still keeps rates stuck around zero as a fragile economic recovery forces the central bank to go slow in any further rise in borrowing costs, analysts say. The shift makes Japan the last central bank to exit negative rates and ends an era in which policymakers around the world sought to prop up growth through cheap money and unconventional monetary tools.<br />
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Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2135063678917443233.post-64732440506502375232024-03-19T06:10:00.001+05:302024-03-19T06:10:47.676+05:30HDFC Bank’s home loan business head to lead Poonawalla Fincorp<img border="0" hspace="10" align="left" style="margin-top:3px;margin-right:5px;" src="https://timesofindia.indiatimes.com/photo/108598768.cms" />HDFC Bank’s Arvind Kapil, with 25 years at the bank, is set to become MD & CEO of Poonawalla Fincorp. Last year, he took over HDFC's housing finance business post-merger. Poonawalla Fincorp, in a statement to stock exchanges, said that Kapil will join the company on June 24, subject to approvals. Shares of Poonawalla Fincorp rose 1.5% after the announcement.<br />
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Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2135063678917443233.post-24987751132489327882024-03-18T17:10:00.001+05:302024-03-18T17:10:14.510+05:30Pak cenbank keeps interest rate at 22% amid alarming inflation surge<img border="0" hspace="10" align="left" style="margin-top:3px;margin-right:5px;" src="https://timesofindia.indiatimes.com/photo/108588699.cms" />Pakistan's inflation rate reached an alarming 32.89% on Friday, prompting the central bank to keep key interest rates at 22% for the sixth consecutive term. "Inflation warrants a cautious approach, requires continuity of current monetary stance to bring inflation down to target range of 5 – 7% by Sept 2025", the central bank said.<br />
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Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2135063678917443233.post-83014654717419259142024-03-18T06:10:00.001+05:302024-03-18T06:10:30.967+05:30All eyes on US, Japan central banks<img border="0" hspace="10" align="left" style="margin-top:3px;margin-right:5px;" src="https://timesofindia.indiatimes.com/photo/108571323.cms" /><br />
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Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2135063678917443233.post-67528564120294765032024-03-17T17:10:00.001+05:302024-03-17T17:10:41.347+05:30Swiss bank UBS targets US deals, says chairman<img border="0" hspace="10" align="left" style="margin-top:3px;margin-right:5px;" src="https://timesofindia.indiatimes.com/photo/108563319.cms" /><br />
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Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2135063678917443233.post-54416232445152591982024-03-17T13:10:00.001+05:302024-03-17T13:10:04.452+05:30Banks asked to check mis-selling, safeguard account holders' interest: DFS secretary<img border="0" hspace="10" align="left" style="margin-top:3px;margin-right:5px;" src="https://timesofindia.indiatimes.com/photo/108560203.cms" /><br />
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Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2135063678917443233.post-51358878327220244922024-03-15T17:10:00.001+05:302024-03-15T17:10:28.368+05:30Paytm shares surge 5% after third-party application provider approval for UPI: What does it mean for shareholders?<img border="0" hspace="10" align="left" style="margin-top:3px;margin-right:5px;" src="https://timesofindia.indiatimes.com/photo/108524343.cms" />One97 Communications' Paytm stock surged 5% to Rs 370.70 on the BSE following NPCI's approval as TPAP for UPI transactions. Major banks like YES Bank are involved, marking a pivotal moment for Paytm's operations and future collaborations.<br />
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Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2135063678917443233.post-25919881039699845872024-03-15T13:10:00.001+05:302024-03-15T13:10:21.777+05:30Closing Paytm Payments Bank FASTag account? Here’s how you can check and manage your Paytm FASTag status<img border="0" hspace="10" align="left" style="margin-top:3px;margin-right:5px;" src="https://timesofindia.indiatimes.com/photo/108515677.cms" />RBI bans PPBL from new services after March 15. NHAI advises new FASTag before deadline to avoid charges. Users must close accounts, avoid penalties. Unable to transfer balance, must request refund from bank.<br />
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Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2135063678917443233.post-15851698537675231662024-03-15T11:10:00.001+05:302024-03-15T11:10:32.964+05:30Paytm hits upper circuit as NPCI allows UPI operation via SBI, 3 other banks<img border="0" hspace="10" align="left" style="margin-top:3px;margin-right:5px;" src="https://timesofindia.indiatimes.com/photo/108511254.cms" /><br />
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Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2135063678917443233.post-51180837565431570772024-03-14T21:11:00.001+05:302024-03-14T21:11:19.917+05:30Banks halt silver imports amid duty differential exploitation by private traders<img border="0" hspace="10" align="left" style="margin-top:3px;margin-right:5px;" src="https://timesofindia.indiatimes.com/photo/108499907.cms" /><br />
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Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2135063678917443233.post-75831150383578696332024-03-14T18:10:00.003+05:302024-03-14T18:10:36.652+05:30Deadline alert! Here's what Paytm Payments Bank customers can and cannot do after March 15 - checklist<img border="0" hspace="10" align="left" style="margin-top:3px;margin-right:5px;" src="https://timesofindia.indiatimes.com/photo/108497143.cms" />RBI imposes restrictions on Paytm Payments Bank, halting fresh deposits. FAQs detail post-March 15 services, including withdrawals, refunds, and cashbacks. Auto deductions info provided, suggesting alternative arrangements before the deadline.<br />
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Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2135063678917443233.post-54016326802390328352024-03-14T18:10:00.001+05:302024-03-14T18:10:35.355+05:30Paytm Payments Bank faces staff reduction; 20% workforce to be impacted: Report<img border="0" hspace="10" align="left" style="margin-top:3px;margin-right:5px;" src="https://timesofindia.indiatimes.com/photo/108495508.cms" />Paytm Payments Bank cuts 20% of staff due to RBI deadline and compliance issues. Share price plunges 54%. Staff express frustration over layoffs despite earlier assurances. Bank adjusts staff based on appraisal cycle.<br />
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Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2135063678917443233.post-68125349266779134672024-03-14T05:10:00.001+05:302024-03-14T05:10:39.683+05:30Paytm to partner 4 banks for UPI<img border="0" hspace="10" align="left" style="margin-top:3px;margin-right:5px;" src="https://timesofindia.indiatimes.com/photo/108475194.cms" /><br />
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Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2135063678917443233.post-76893304775463301622024-03-13T21:10:00.001+05:302024-03-13T21:10:38.634+05:30RBI imposes penalty on Bank of India, Bandhan Bank<img border="0" hspace="10" align="left" style="margin-top:3px;margin-right:5px;" src="https://timesofindia.indiatimes.com/photo/108469618.cms" />The RBI has imposed penalties on Bank of India, Bandhan Bank, and Indostar Capital Finance Ltd for non-compliance with regulatory norms. Bank of India was fined for violating directions on interest rates, customer service, and Credit Information Companies Rules, 2006. Bandhan Bank and Indostar Capital Finance Ltd were penalized for non-compliance with certain directions.<br />
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Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2135063678917443233.post-21841129038124705402024-03-13T17:10:00.001+05:302024-03-13T17:10:18.043+05:30What is uniform KYC? From bank accounts to mutual funds - here’s what can change for customers<img border="0" hspace="10" align="left" style="margin-top:3px;margin-right:5px;" src="https://timesofindia.indiatimes.com/photo/108464429.cms" />The Financial Stability and Development Council (FSDC) has proposed a uniform KYC system to simplify the process of submitting KYC details. The system aims to make KYC records easily shareable and promote digitalisation while addressing privacy and security concerns. Finance Minister Nirmala Sitharaman plans to adopt a risk-based approach for KYC.<br />
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Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2135063678917443233.post-80886650673642097552024-03-13T06:10:00.001+05:302024-03-13T06:10:13.144+05:30PSU banks lead decline in complaints with regulator<img border="0" hspace="10" align="left" style="margin-top:3px;margin-right:5px;" src="https://timesofindia.indiatimes.com/photo/108445942.cms" /> RBI's integrated ombudsman has recorded a decline in the volume of grievances from regulated entities in FY23. Grievances dropped to 2.35 lakh in FY23 - a nearly 39% reduction from the 3.8 lakh recorded in FY21. This marks the second year in a row with a significant decrease in complaints, following last year's drop to 3 lakh.<br />
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Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2135063678917443233.post-78109007104412532742024-03-11T15:10:00.001+05:302024-03-11T15:10:39.328+05:30Will banks switch to a five-day work week soon? What IBA has agreed upon - details here<img border="0" hspace="10" align="left" style="margin-top:3px;margin-right:5px;" src="https://timesofindia.indiatimes.com/photo/108386970.cms" />Banking in India may shift to a Monday to Friday schedule, closing on Saturdays and Sundays. This decision is subject to government approval. The new work hours may extend from 9:45 AM to 5:30 PM, with a 17% annual salary increase for bank employees.<br />
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Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2135063678917443233.post-21753372483510437302024-03-11T13:10:00.001+05:302024-03-11T13:10:19.642+05:30Why RBI has increased its scrutiny on co-branded credit cards<img border="0" hspace="10" align="left" style="margin-top:3px;margin-right:5px;" src="https://timesofindia.indiatimes.com/photo/108385618.cms" />The RBI tightens scrutiny on co-branded credit cards to prevent unauthorized entry. Non-banking finance companies seek approval but only a few banks are permitted. Swiggy, Tata Neu, ICICI Bank, and HDFC Bank issue credit cards through co-branding arrangements. B2B vendor payments totaling Rs 30,000 crore per month have been halted. The total number of credit cards is 99.<br />
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Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2135063678917443233.post-65735008316226349602024-03-11T08:10:00.001+05:302024-03-11T08:10:30.902+05:30China central bank buying set stage for gold's rally<img border="0" hspace="10" align="left" style="margin-top:3px;margin-right:5px;" src="https://timesofindia.indiatimes.com/photo/108377561.cms" /><br />
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Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2135063678917443233.post-85807575109609309752024-03-10T18:10:00.001+05:302024-03-10T18:10:07.604+05:30AU Small Finance Bank aims to become universal bank in 3-5 years<img border="0" hspace="10" align="left" style="margin-top:3px;margin-right:5px;" src="https://timesofindia.indiatimes.com/photo/108368490.cms" />AU Small Finance Bank aims to become a universal bank by merging with Fincare Small Finance Bank. The bank wants to showcase its ability to manage complex issues of merger, ensure product availability, customer service, and offerings, with a business mix crossing Rs 1.8 lakh crore.<br />
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Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2135063678917443233.post-77054153255710750972024-03-10T16:10:00.001+05:302024-03-10T16:10:02.152+05:30Electoral bonds: SC to hear SBI's plea seeking extension to disclose details on Monday<img border="0" hspace="10" align="left" style="margin-top:3px;margin-right:5px;" src="https://timesofindia.indiatimes.com/photo/108365802.cms" />The Supreme Court is set to hear application filed by State Bank of India (SBI) on Monday, seeking extension till June 30 to disclose details of each electoral bond encashed by political parties before the scheme was scrapped last month. A five-judge Constitution bench, led by Chief Justice DY Chandrachud, will hear the petitions on Monday.<br />
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Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2135063678917443233.post-43018533293564283302024-03-10T11:10:00.001+05:302024-03-10T11:10:52.004+05:30US embrace of remote working empties offices, weighs on banks<img border="0" hspace="10" align="left" style="margin-top:3px;margin-right:5px;" src="https://timesofindia.indiatimes.com/photo/108361686.cms" />The popularity of remote work in the US has led to empty office buildings and concerns over property loans and bank failures. Office vacancy rates have risen, affecting the commercial real estate sector. Oxford Economics warns of a domino effect, and Fed Governor Michelle Bowman highlights the long-term problem if people don't return to offices.<br />
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Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2135063678917443233.post-39242851265898770322024-03-08T17:12:00.001+05:302024-03-08T17:12:06.983+05:30International Women's Day: Bank of Baroda announces special offers for women account holders<img border="0" hspace="10" align="left" style="margin-top:3px;margin-right:5px;" src="https://timesofindia.indiatimes.com/photo/108322153.cms" />State-owned Bank of Baroda on Thursday announced special offers for its women account holders in celebration of International Women's Day on March 8. BoB MD and CEO Debadatta Chand said, "On this International Women's Day, we are pleased to extend our support to women and women-led enterprises and champion their journey towards financial empowerment and independence with a range of tailored offerings that provide enhanced value."<br />
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Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2135063678917443233.post-92017941568842097272024-03-08T07:10:00.003+05:302024-03-08T07:10:26.917+05:30RBI asks banks to check end use of card payments<img border="0" hspace="10" align="left" style="margin-top:3px;margin-right:5px;" src="https://timesofindia.indiatimes.com/photo/108313669.cms" /><br />
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Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2135063678917443233.post-38833493744031241842024-03-08T07:10:00.001+05:302024-03-08T07:10:25.664+05:30RBI signs pact with Bank Indonesia<img border="0" hspace="10" align="left" style="margin-top:3px;margin-right:5px;" src="https://timesofindia.indiatimes.com/photo/108313163.cms" />RBI and Bank Indonesia signed an MoU to promote the use of local currencies, Indian rupee and Indonesian rupiah, optimizing costs, settlement time, bilateral cooperation, developing an INR-IDR foreign exchange market, and establishing a framework for cross-border transactions.<br />
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