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Bank News

03 Dec 2024

Good News For Saving Account Holders; Soon, You Can Add Four Nominees - Read

Banking Laws (Amendment) Bill, 2024: It seeks to redefine the reporting dates for banks for regulatory compliance to the 15th and last day of every month instead of the second and fourth Fridays.

Finance Ministry

22 Oct 2024

Finance Minister Approves Creation Of Chief General Manager Posts In 5 Banks

Prior to this, CGM posts were available in six out of eleven nationalized banks.

06 Oct 2024

Bank Credit Grows By 15% In Aug In India, Agriculture And Industry Pick Up

The credit to the industry sector saw a moderate increase of 9.8 per cent YoY in August, compared to 5.3 per cent same month last year.

01 Sep 2024

India Post Payments Bank Disbursed Over Rs 45,000 Cr In DBT In Last 7 Years

In the last seven years, the India Post Payments Bank (IPPB) enabled paperless, cashless and presence-less banking while acquiring over 9.88 crore customer accounts.

Indian Overseas Bank

07 Jul 2024

Indian Overseas Bank Launches Upgradation Facility On Savings Scheme

Indian Overseas Bank has launched a new service enabling customers to access their loan account statements directly through the Digilocker application or website under its move to expand the service.

28 May 2024

Bank Holidays In June 2024: Bank To Remain Close For Atleast 12 Days In June

The online banking services will remain operational, allowing customers to conduct transactions through bank websites, mobile apps, or ATMs for urgent requirements despite the closures.

09 May 2024

EXPLAINED: Big Blow To Bank Employees! SC Says Interest-Free Loans Taxable

SC ruling said, benefit enjoyed by bank employees from interest-free loans or loans at a concessional rate is a unique benefit/advantage enjoyed by them and hence is liable to taxation.

06 Feb 2023

Bank of India Employee Thrashed by Customers Over Loan Issue-- Watch

Manish Dhangar, serving as an officer with the Bank of India's Nadiad-Kapadwanj branch, handling the loan desk was thrashed by the customer, CCTV recordings available at the bank showed.

09 Sep 2022

These 7 bank services are not available for free, their money is collected

Everyone uses banking service. These facilities are available both online and offline. For all the services, the bank definitely takes some charge from its customers.

money (quotation subject)

29 Aug 2022

ICICI Bank launches new credit card, will get free insurance of 2 lakhs and these benefits

ICICI RuPay Credit Cards: Sudipta Roy, the credit card head of ICICI Bank while launching this card said that we have always given priority to the convenience of the customers.

27 May 2022

Bank holidays in June: Banks to remain shut for 8 days in coming month

Customers should note that the branches will not remain closed on all eight days in all states of the country. Customers can use online banking facilities on bank holidays.

13 Apr 2022

Bank Holidays in April: Banks to remain closed for 4 days from tomorrow

The RBI notifies banking holidays. Banks will remain closed between April 14 and April 16 on various occasions depending on the city. Bank will be shut on April 17 because of Sunday off.

bank holidays 2022

25 Mar 2022

Banks to remain shut for next 4 days as trade unions call for strike

The strike is also called to oppose the Central government’s move to privatise public sector banks. Earlier this week, trade unions that are staging the upcoming protests had met on March 22 in Delhi. Banks will remain close for a total of 4 days starting from Saturday, March 25.

State Bank of India

20 Nov 2021

SBI resolves complaint of customer who was denied entry for wearing shorts

The customer who took to the microblogging platform to display his resent against SBI. SBI’s customer care soon responded to Ashish’s concerns. He posted an update on Saturday, November 20.

19 Sep 2021

Bank Holidays September 2021: Banks to remain shut for 3 consecutive days

On September 19, banks will remain shut on the occasion of Sunday. Banks will remain shut on September 20 on account of the local festival Indrajatra in Gangtok. On September 21, Tuesday, banks will remain closed in Kochi and Thiruvananthapuram in Kerala on the occasion of Narayana Guru Samadhi Day.

26 Aug 2021

Big news for bank employees! Family pension hiked upto Rs 35,000

Good news for Bank Employees. Family Pension to be increased to 30% of last pay drawn. NPS Corpus to be enhanced to 14%.

Dearness Allowance

12 Aug 2021

Dearness allowance of bank employed increased by 2.1%

Bank employees will receive the increased salaries in their bank accounts for three months of August, September and October 2021. More than eight lakh bankers are expected to enjoy the benefits of the increased salary for the three months. Bank employees who were retired on or after November 1, 2017, will also receive increased dearness relief of 27.79%.

17 Jul 2021

Bank Holidays July 2021: Banks to remain shut for 5 days straight from July 17

In Dehradun, bank employees enjoyed an off on July 16 on the occasion of Harela Puja. Banks are closed again for U Tirot Singh Day and Kharchi Puja in Agartala and Shillong on July 17. On July 19, bank employees in Gangtok will get an off on the occasion of Thungkar Tshechu festival of Guru Rimpochhe.

01 Jul 2021

Bank Holidays July 2021: Banks to remain shut for 15 days, complete list here

There are certain festive holidays on which banks across the country will remain shut in July. Banks in India will remain closed on the occasion of Eid-al-Adha or Bakrid. The RBI’s holiday calendar pointed out that certain bank holidays will be restricted to local or regional branches.

United Co-operative Bank Ltd

13 May 2021

RBI cancels license of THIS bank, here’s what will happen to depositors

The bank doesn’t have adequate capital and earning prospects, RBI said. The bank would not be able to pay its depositors the full amount. The bank is now prohibited from conducting the business of ‘banking’.

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