The CVC had in May this year asked banks and insurance companies to effect rotational transfers in respect of those officers in sensitive posts who are continuing beyond three years.
The Ministry said banks will remain open during the week, observing holidays only on Sunday, September 2, and second Saturday, September 8.
IPPB will offer savings and current accounts with a maximum permitted balance of Rs 1 lakh.
With smartphone and biometrics, we can open accounts within a minute, which is in line with the PM’s aim to make India a cashless Digital economy, says Sinha
The authority suspended electronic customer verification services for 13 banks and Aadhaar authentication agencies (AUA) last week after it found them performing dismally on their targets.
The National Payments Corporation of India (NPCI) had proposed the interchange fee at 1% of the transaction amount subjected to a maximum of Rs 12 while no fee for transactions up to Rs 100.
The three-year third-party insurance will cost Rs 5,286 for cars with engine capacity of less than 1,000 cc, Rs 9,534 (1,000 - 1,500 cc) and Rs 24,305 for cars with engine capacity of 1,500 cc and more.
Home improvement loans are for properties located in Kerala, even if the customer is stationed somewhere else, and will be valid only for loan applications submitted till October 31.
The WhatsApp message on bank holidays, which went viral, claimed that banks would remain closed from September 2 to 5 and then from September 8 to 9 for the weekend, a total of six days in the first week of September.
A damning verdict on demonetization hasn’t been Patel’s only assertion of independence this week.
Jagdishan, who has been with the bank since 1996, is responsible for finance, business strategy, general & personnel, administration, investor relations and strategic initiatives.
The three-carat gem was shipped at least four times between shadowy cos allegedly controlled by Nirav Modi.
The nationwide launch would take place in 650 branches and 3,250 access points on September 1. Prime Minister Narendra Modi would launch IPPB in Delhi.
However, the detection of counterfeit notes was 31.4 per cent lower in 2017-18 compared with the previous year.
According the central bank’s annual report, the number of cases on frauds reported by banks were generally hovering at around 4500 in the last 10 years before their increase to 5835 in 2017-18.
There are 21 public sector banks in the country. However, the apex bank did not not provide bank-wise details of the NPAs.
India has asked its central bank to prepare a list of candidates for merger among 21 government-controlled lenders as it seeks to strengthen a banking system laden with bad debt.
While the larger lenders have cyber insurance covers ranging from Rs 350 crore to Rs 500 crore, many of the smaller players have only the Banker’s Blanket Bond.
Firms are working on initiatives like offering a grace period to those who failed to pay up their EMIs during the floods.
When RBI put its rubber stamp on PM Modi’s demonetisation programme within a few weeks of Patel becoming the Governor, commentators declared him a puppet. Two years later and standing firm on rates to driving banks’ clean-up to criticising waivers, he has silenced critics.