Banking Services News
Bank Holidays in June 2024: Banks will remain closed on THESE 12 days. Check all details here
List of Bank Holidays in June 2024: All public and private banks in India, including the State Bank of India, will be closed for at least 12 days in June 2024 for religious festivals, regional holidays and weekends.
2 min read26 May 2024Pradhan Mantri Jan Dhan Yojana: From benefits to impact; all you need to know
The Pradhan Mantri Jan Dhan Yojana is a National Mission focused on achieving holistic financial inclusion and ensuring the provision of banking services to every household across the nation.
3 min read20 Oct 2023Wyoming Effort to Support Crypto-Focused Banks Set Back by Fed Concerns About Industry
The state’s new special-purpose depository institutions haven’t received Fed approval for master accounts at the central bank.
3 min read6 Sep 2023White label ATMs set to drive ATM spread in tier III to VI centres: Karad
To expand ATM access in the country, the Reserve Bank of India has granted permission to non-bank entities to establish, own, and operate White Label ATMs nationwide. This move is aimed at enhancing banking services‘ reach and promoting financial inclusion.
1 min read25 Jul 2023Internal JPMorgan Report Provides New Details on Bank’s Ties to Jeffrey Epstein
Report concluded in 2019 that Epstein regularly gave personal and business advice to Jes Staley, set up meetings with government officials
4 min read20 Jun 2023RBI imposes monetary penalty on Sawantwadi Urban Co-operative Bank, here’s why
The Reserve Bank of India has fined Sawantwadi Urban Co-operative Bank ₹3 lakh for contravention of directions contained in the Supervisory Action Framework. The penalty came after a thorough statutory inspection of the bank.
1 min read5 Jun 2023SBI Cards’ spends in March promising; rising competition a worry
Data from the Reserve Bank of India (RBI) shows spends on SBI Cards rose by 12% sequentially and 21% year-on-year in March.
2 min read18 Apr 2023RBI allows lenders to take deposits for funding green projects
The decision is part of the RBI’s push to put in place regulations that encourage the nation’s banks to lend more to environment-friendly projects and mitigate risks emerging from climate change
1 min read11 Apr 2023Deutsche Bank is looking at strategic job cuts, UK CEO says
Deutsche Bank needs to ‘maintain a laser focus on costs’ after promising to keep expenses in check despite rapid inflation, UK & Ireland CEO Tiina Lee said. That involves ‘looking to strategically adjust headcount’ after some ‘tactical’ cuts last quarter, Lee added
1 min read6 Feb 2023For verifying some banking transactions, face recognition, iris scan allowed: Report
Indians can soon complete their banking transactions with the help of iris scan and face recognition in the absence of necessary documents like PAN card,etc
1 min read13 Jan 2023Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared