Articles tagged under: Banking

Planning to Buy a New Home? Finance It This Way

October 13, 2020
Planning to Buy a New Home? Finance It This Way

Mumbai: Many people dream of owning a house and making it their home for all the years to come. It is a once in a lifetime decision that requires careful planning and a substantial amount of funds. No matter how comfortable a rented property is, the contentment of living under your roof is something else. There is no doubt that property is an asset that will reap you several benefits over the years. However, not everybody can afford to purchase a house. A home loan is the ideal financial assi...Read More

HDFC Bank takes ‘Festive Treats 2.0’ to rural India 1.2 lakh VLEs

October 11, 2020
HDFC Bank takes ‘Festive Treats 2.0’ to rural India 1.2 lakh VLEs

Ahmedabad: HDFC Bank has reached out to semi-urban and rural areas with its ‘Festive Treats’, through the Government of India’s Common Service Centres (CSC)network starting from Friday. Through the network of 1.2lakh village level entrepreneurs (VLEs) enrolled with CSC, customers in these locations can avail of festive offers specifically created for them, such as special deals on all banking products from loans to bank accounts, that includes home loans, 2-wheeler loans, car loans, tr...Read More

RTGS Fund Transfer to be possible round the clock from December 2020: RBI Governor

October 09, 2020
RTGS Fund Transfer to be possible round the clock from December 2020: RBI Governor

New Delhi: The real-time gross settlement (RTGS) fund transfer system will be available round-the-clock from December this year, The Reserve Bank of India (RBI) governor Shaktikanta Das announced today. The RTGS money transfer facility, which has a minimum limit of Rs 2 lakh, at present only functions during the working hours of banks. RBI statement reads: In December 2019, the National Electronic Funds Transfer (NEFT) system was made available on a 24x7x365 basis and the system has been oper...Read More

HDFC Bank launches ‘Festive Treats’ 2.0 with 1000+ offers

September 30, 2020
HDFC Bank launches ‘Festive Treats’ 2.0 with 1000+ offers

Mumbai: HDFC Bank today launched ‘Festive Treats’ its annual financial services dhamaka. Customers can avail of special deals on all banking products from loans to bank accounts, with over 1000+ offers from leading players and over 2,000 hyper local offers through tie ups with local merchants across semi urban and rural locations. Offers will be available across the entire range of financial solutions for retail as well as business customers with discounts on processing fee on loans, redu...Read More

HDFC Bank launches Video KYC facility

September 17, 2020
HDFC Bank launches Video KYC facility

Mumbai: HDFC Bank today announced the launch of Video KYC (Know Your Customer) facility. After successful completion of the pilot project, HDFC Bank has deployed consent-based Video KYC facility as an alternate method of establishing the prospective customer’s identity, during the account opening process in a safe and secure environment. The video KYC facility is a result of an Agile Pods comprising teams from Branch Banking, Digital Banking and Retail assets working together. At HDFC Bank,...Read More

PM Modi to join brain-storming session with stakeholders of Banks & NBFCs

July 28, 2020
PM Modi to join brain-storming session with stakeholders of Banks & NBFCs

New Delhi: PM Modi will join stakeholders from Banks and NBFCs to discuss and deliberate on vision and roadmap for the future tomorrow evening. The topics on agenda include credit products & efficient models for delivery, financial empowerment through technology, prudential practices for stability and sustainability of financial sector. Banking sector plays an important role of in contributing to India’s economic growth through financing infrastructure, agriculture, local manufacturing i...Read More

Bank Employees Association of India declares list of Wilful Defaulters

July 18, 2020
Bank Employees Association of India declares list of Wilful Defaulters

Gandhinagar: All India Bank Employees Association has declared a list of Willful Defaulters on 19th July 2020, the 51st Anniversary of Bank Nationalisation (19th July 1969). The Association in its statement said: The only major problem faced by nationalized banks is the bulging and alarmingly increasing bad loans by the private companies and corporates. If tough action is taken on them and money is recovered, our Banks can play a bigger role in national development. WILFUL DEFAULTERS 30 9 19 B...Read More

HSBC to set up IFSC Banking Unit at GIFT City Gujarat

July 13, 2020
HSBC to set up IFSC Banking Unit at GIFT City Gujarat

Gandhinagar: The Hongkong and Shanghai Banking Corporation Limited (HSBC), one of the world’s largest financial services organizations has got in-principle approval from the GIFT SEZ Authority to set up an IFSC Banking Unit (IBU) at GIFT City, subject to other Regulatory approvals. The proposed commencement of the IBU by HSBC, marks a significant development in India’s IFSC business and proves GIFT’s mettle as a globally competitive international financial centre that is at par with other ...Read More

1540 cooperative banks with nearly Rs 5 lakh crore assets brought under RBI supervision

June 24, 2020
1540 cooperative banks with nearly Rs 5 lakh crore assets brought under RBI supervision

New Delhi: The Union government on Wednesday announced approval to a decision to bring 1,540 cooperative banks that hold close to Rs 5 lakh crore worth of deposits from 8 crore lakh account holders, under the purview of Reserve Bank of India (RBI). These banks will be supervised by the RBI in the same fashion as the scheduled banks, offering protection to depositors and reducing the space for mismanagement. “All urban cooperatives and multistate cooperative banks are being brought under...Read More

Sitharaman asks police for timely action in Surat lady banker attack case

June 24, 2020
Sitharaman asks police for timely action in Surat lady banker attack case

New Delhi:A couple of days after a woman bank employee was attacked in Surat city of Gujarat, Finance Minister Nirmala Sitharaman on Wednesday said that she has spoken to officials concerned in the incident and asked for timely action in the case. 'Will be closely following this matter. Wish to assure that the safety of all members of staff in banks is of importance for us. Amid challenges, banks are extending all services to our people. Nothing should threaten their safety and dignity,' Ms S...Read More

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