SCHEDULED BANK STATUS
Finance Ministry urges Jan Dhan beneficiaries to follow schedule for withdrawal; avoid rush to banks
As per the schedule by Indian Banks' Association (IBA), women Pradhan Mantri Jan Dhan Yojana (PMJDY) account holders having account number with last digit as 0 and 1 will get the money in their account on April 3, while account ending with 2 or 3 can approach the bank on April 4.
No uncertainty on bank merger; going on as per schedule: FM Nirmala Sitharaman
"So the merger and the decision taken by respective banks boar...
SBI Cards IPO Allotment Status: Here’s how to check
SBI Cards is expected to get listed early next week.
MNRE orders discoms to continue payments as per earlier schedule
Some state discoms had invoked the ‘force majeure’ clause in their PPAs in recent days asking generating companies not to supply electricity nor expect any payment till further notice because the nationwide lockdown is preventing them from collecting payments from consumers.
IndusInd Bank defers board meet scheduled to raise AT1 bonds
“In view of the current market conditions and since the bank is adequately capitalised at present, it has been decided not to consider raising of Basel 3 compliant debt capital instruments for the time being,” the bank said in an exchange filing.
Yash Birla case to decide status of offshore trusts
The dispute relates to multiple overseas trusts, allegedly holding close to Rs 1,550 crore, where Birla is named as one of the beneficiaries. The HC is hearing a petition filed by Birla challenging a two-year old ruling of the Income Tax Settlement Commission (ITSC) rejecting Birla’s application for settlement on the grounds that he failed to make “true and full” disclosure.
RBI to maintain status quo this policy review: B Prasanna
Core inflation above 4.25-4.3% would be a cause of concern and might lead RBI to change stance in April policy if it does not ease, says head of markets at ICICI Bank.
YES Bank says reviewing fit and proper status of Uttam Prakash Agarwal
In his resignation letter, Agarwal made certain observations on the bank's governance.
Jana Small Finance Bank receives Scheduled Bank status from RBI
The Bengaluru-headquartered bank, established as a financial services company in 2009, said it presently operates 260 branches.
HDFC Bank vs ICICI Bank vs Axis Bank: EMI moratorium terms, charges
Most banks have decided to go for the "opt-in" option, putting the onus on the borrower to take the initiative of informing the bank (either by calling or via mail) that they want to go for the three-month breather.
View: Reciprocating territory status cements ties with UAE
In order to enjoy reciprocating ties with UAE, India, in October 1999, entered into an agreement with UAE on Juridical and Judicial co-operation in Civil and Commercial Matters for the Service of Summons, Judicial Documents, Commissions, Execution of Judgments and Arbitral Award.
Bandhan to replace YES Bank in Nifty Bank index
Earlier this month, BSE and NSE had said there will be no futures and options contract available in YES Bank for trading in equity derivative segment from May 29 onwards.
India’s SBI Cards is on track to pull off $1.4 billion IPO
SBI Cards & Payment Services Ltd. had received orders for 15.5 times the shares on offer by Wednesday.
IDBI Bank loan EMI moratorium: Terms and charges
If you are an IDBI Bank customer, here are the details of the bank's EMI moratorium facility. These details are as per the bank's website.
IIMs want banks to go easy on student loans
The Indian Institutes of Management anticipate delays in onboarding of students graduating this year, and don’t rule out problems for the class graduating in 2021 as well. The first instalment for graduates with student loans for the class of 2020 will be due in December.
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