Wednesday , March 29 2017

Tag Archives: Banks

Digitalization of Banks, a Necessary Step to Prevent Becoming History

SS Mundra--621x414

Digitalization of Banks is Incumbent, else they might turn into History, as warned by RBI Deputy Governor, SS Mundra The digitalization of Financial Technology Firms is a continuous process and is here to stay. It will be challenging task for the present Banking system to keep upgraded.  Banks that do not  ...

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Demonetisation effects  fixed deposits, loans against stocks

deminitisation

Demonetisation had affected the small-scale companies and stock market largely in the last December 2016 . The people who are the borrowers of fixed deposits and stocks kept out of the way due to cash ban. The recent data from Reserve Bank of India indicates that the deposits and loans ...

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ATM cash withdrawal limit eased further

withdrawal limit

Withdrawal limit on current, cash credit and overdraft accounts lifted with immediate effect Facing criticism from the Election Commission for not allowing contenders contesting the upcoming Assembly polls to withdraw cash up to their permitted limit, the Reserve Bank of India (RBI) on Monday removed cash withdrawal restrictions on current, ...

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Finance Minister stated no questioning on deposits at one go, but some banks prefer to do so

finance-minister-arun-jaitley

NEW DELHI: Finance Minister Arun Jaitley stated on December 19 no queries would be asked if any amount of demonetized currency is deposited at one go but repetitive deposits might raise queries. Yet, depositors are being subjected to a genuine inquisition at some banks. Everyone who wants to deposit more ...

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Heavy rush in banks, treasuries continues in Kerala

heavy-rush-in-banks-treasuries-continues-in-kerala

Banks and treasuries in Kerala witnessed a heavy rush and serpentine queues on Friday for the second consecutive day, with people queueing up to withdraw their salaries and pensions. About Rs 3,000 crore is needed every month to disburse the salaries to government servants and pensioners in Kerala. Thiruvananthapuram: Banks ...

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