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12 January, 2019 4:41 PM Syndicate Bank hopes to recover Rs 1,500 crore from NPAs

Currently, Syndicate Bank has a total business of roughly around Rs 4.80 lakh crore, Syndicate Bank hopes to recover about Rs 1,500 crore from non-performing assets (NPAs) over the next three to six months, chief executive officer and managing director of the bank Mrutyunjay Mahapatra said. The bank is adopting a combination of methods to recover bad loans 190

28 December, 2018 6:23 AM 7th tranche of electoral bonds sale to kick off from January 1

New Delhi: The seventh tranche of electoral bonds sale will take place from January 1 to January 10, a government release said. "The State Bank of India (SBI), in the VII Phase of sale of Electoral Bonds, has been authorised to issue and encash Electoral Bonds through its 29 Authorised Branches w.E.F. January 01 - 10, 2019," government said in an official 134

19 December, 2018 2:14 PM Minimum Balance Rules: Here's How Much Top Banks Charge For Non-Compliance

Leading lenders of the country have fixed their monthly average balance (MAB) requirements according to the location of a customer's account. Most of the banks in the country require customers to maintain a certain Monthly Average Balance or MAB in their savings bank accounts, failing which they have to bear certain penalty charges. Monthly Average Balance 74

18 December, 2018 6:23 AM Banks race against time to replace magstripe cards as December 31 deadline nears

The EMV cards, which have a chip embedded in them are considered more secure and less prone to card skimming at ATM machines Only Europay, Mastercard, Visa (EMV) chip and pin-based debit or credit cards will be valid from January 1, 2019, according to a circular by the Reserve Bank of India (RBI). The move has been initiated to tackle issue of electronic 130

16 December, 2018 6:37 PM Andhra Pradesh coastal areas brace for cyclonic storm Phethai, alert sounded

The MeT department on Sunday warned that the cyclonic storm Phethai is likely to intensify into a severe category and cross Andhra Pradesh coast on Monday afternoon. The India Meteorological Department also issued an orange message as a warning of the storm. The IMD issued a press release on Sunday afternoon saying that the storm is very likely to intensify 391

9 December, 2018 11:07 AM Non-Maintenance Of Minimum Balance: Penalty Charges Levied By Top Banks

Most of the leading banks have fixed their AMB according to the location of a customer's account in urban, metro, semi-urban and rural areas. Banks have mandated regular saving bank account users to maintain a certain average monthly balance (AMB) in their accounts, failing which they have to bear certain penalty charges. Average Monthly Balance (AMB) 110

5 December, 2018 7:10 AM Canara Bank PO Admit Card Out

Canara Bank PO exam is scheduled to be held on December 23, 2018. Canara Bank has released the admit cards or call letter for PO recruitment through Post-Graduate Diploma In Banking & Finance (PGDBF) Course. Candidates can download the PO admit card using their registration number or roll number and password or date of birth. Candidates who had applied 126

4 December, 2018 9:38 AM Latest Interest Rates, Minimum Balance Rules Of State Bank Of India (SBI)

Recently, State Bank of India (SBI) raised interest rates on fixed deposit accounts across select maturities. State Bank of India (SBI) has a deposit base of Rs. 28.07 lakh crore (as on September 2018). SBI, the largest commercial bank of the country in terms of assets, deposits, profits, branches, customers and employees, offers a range of services 72

27 November, 2018 3:09 PM Competition Comm approves LIC's majority stake buy in IDBI Bank

The Competition Commission has cleared LIC's proposed acquisition of up to 51 percent stake in debt-laden IDBI Bank. The deal would help the insurance behemoth to enter the banking space and would provide business synergies despite the IDBI Bank's stressed balance sheet. In a tweet on November 27, the fair trade regulator said it has approved "acquisition 142

27 November, 2018 4:57 AM Worried about ATMs shutting down? Here is how you can adopt online payment methods

Instant transfer directly to bank account is the biggest plus point of using UPI, compared to other cashless modes. We all remember the horror stories of having to stand in serpentine queues to deposit/withdraw cash after the government announced note ban in November, 2016. While an event of that scale is unlikely to happen in future, you could find yourselves 191