Articles tagged under: Banking

HDFC Bank launches Fixed Deposit for Senior Citizens at higher Interest Rates

May 25, 2020
HDFC Bank launches Fixed Deposit for Senior Citizens at higher Interest Rates

Mumbai:HDFC Bank Ltd announced a special offer of 0.25% higher interest rate on its Senior Citizen Care Fixed Deposits. The offer is applicable with immediate effect on new as well as renewed FDs. The additional interest of 0.25% being offered is over and above the existing premium of 0.50% higher interest rate. HDFC Bank Senior Citizen Care FD will now cumulatively fetch 75 basis points (bps) higher interest rate as compared to the general public. With this offer, Senior Citizens can book...Read More

RBI slashes repo rate by 40 bps; extends term loan moratorium

May 22, 2020
RBI slashes repo rate by 40 bps; extends term loan moratorium

Mumbai: To ease the financial stress in the country, the Reserve Bank of India on Friday cut policy repo rate by 40 basis points to 4.0 The reverse repo rate now stands reduced to 3.35 pc while the MSF rate is down to 4.25 pc while laying out the economic conditions prevailing in India amid the ongoing coronavirus crisis. RBI Governor Shaktikanta Das has also extended the moratorium period by another three months from June 1 to August 31 due to lockdown extension. The RBI Monetary P...Read More

HDFC Bank deploys Mobile ATM in Ahmedabad

April 22, 2020
HDFC Bank deploys Mobile ATM in Ahmedabad

Ahmedabad: HDFC Bank on Monday deployed Mobile Automated Teller Machine to assist customers during the lockdown in Ahmedabad. The Mobile ATM will eliminate the need to move out of the locality to withdraw cash. Before Ahmedabad city, the Bank has deployed such Mobile ATMs across Mumbai, New Delhi, Allahabad, Coimbatore, Chandigarh, Chennai, Pune, Hyderabad & Bhubaneswar. The locations for deployment are being identified in consultation with all local municipal authorities across Ahmedabad. ...Read More

SBI waives off Average Monthly Balance on all Savings Bank Accounts

March 11, 2020
SBI waives off Average Monthly Balance on all Savings Bank Accounts

Mumbai: Country’s largest lender, State Bank of India has decided to waive maintenance of Average Monthly Balance (AMB) for all Savings Bank Accounts in attempt to further boost the efforts to promote Financial Inclusion in the country. The charges on maintaining AMB are now waived off on all 44.51 crore SBI savings bank accounts. Currently SBI Savings Bank customers’ needs to maintain AMB of Rs 3000, Rs 2000 and Rs 1000 in Metro, Semi Urban and Rural areas respectively. Bank used to levy ...Read More

Anand Police solves Bandhan Bank robbery case, arrest three accused

March 08, 2020
Anand Police solves Bandhan Bank robbery case, arrest three accused

Anand: Anand Police has arrested three accused involved in Bandhan Bank loot case. On Sunday, February 23, three unidentified persons had entered the bank branch on 100 ft road of Anand town and using knives and gun looted Rs. 88.97 lakh cash from safe locker. Police had formed teams to nab the accused and also took help of ATS and Crime Branch. During the investigation, it was noticed that a white car with white strip attached over number plate on rear side was used by robbers to commit th...Read More

Rs 50,000 withdrawal cap for Yes Bank depositors for 30 days; RBI says no need to panic, plan is being worked out

March 05, 2020
Rs 50,000 withdrawal cap for Yes Bank depositors for 30 days; RBI says no need to panic, plan is being worked out

Mumbai: Reserve Bank of India today imposed moratorium on capital-starved Yes Bank and capped withdrawals at Rs 50,000 per account till further orders. The Board of Yes Bank has also been superseded. Former SBI CFO Prashant Kumar has been appointed administrator for Yes Bank. Yes Bank has been grappling with mounting bad loans. In a statement issued soon after the finance ministry order, the RBI issued a statement to “assure depositors of the bank that their interest will be fully protected...Read More

Bank loot in Anand

February 23, 2020
Bank loot in Anand

Anand:   Cash worth around an estimated Rs 70 to 75 lakh was looted from a private sector bank in Anand town of Central Gujarat today, police said. PI of Anand town police station R R Bobde said that three looters had entered the branch of Bandhan bank situated on 100 ft ring road in the town. The private bank operates on Sundays. He said that around Rs 70  to 75 lakhs of the cash in the vault was taken away by the looters but they did not touch the locker otherwise the amount would hav...Read More

SBI signs MoU with Gujarat govt for for working capital availability to MSME entrepreneurs

February 18, 2020
SBI signs MoU with Gujarat govt for for working capital availability to MSME entrepreneurs

Gandhinagar: Gujarat Government’s Industry Department today signed a MoU with the State Bank of India (SBI) in presence of Chief Minister. Ensuing this, the new entrepreneurs, who want to setup MSME in Gujarat, would easily get assistance for availing working capital and project cost in specific time-limit, said a statement issued by the government. As per the MoU, to avail the financial assistance for their new MSME projects the entrepreneurs would get permission in principle within just ...Read More

Rs 6 lakh cash stolen from Bank ATM in North Gujarat

February 11, 2020
Rs 6 lakh cash stolen from Bank ATM in North Gujarat

Modasa: Unknown miscreants stole Rs 6 lakh cash from the ATM of a public sector bank in north Gujarat late last night, police said today. The incident took place in Demoi village under Bayad police station of Aravalli district. PI N G Gohil said that the miscreants had cut the ATM of central bank with a cutter and fled with around Rs 6 lakh kept in its chest. Police was trying to nab them on the basis of CCTV footage. DeshGujaratRead More

CID crime arrests 26 in connection with Kutch district central cooperative bank scam

January 17, 2020
CID crime arrests 26 in connection with Kutch district central cooperative bank scam

Bhuj: The CID crime has arrested altogether 26 people in connection with the financial scam related to the Kutch district central Cooperative Bank. Police today said that the 26 arrested accused belonged to eight cooperative societies associated with the bank. They were being interrogated deeply by various teams of the CID crime which was investigating agency in the case which was lodged in March 2015. Two local courts had put an stay on the investigation by the CID crime but l...Read More

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