BANKING AWARENESS

The RBI has directed State and Central co-operative banks not to give loans for purchase of gold in any form to curb the considerable inc...

Corporation Bank has rolled out two new types of savings accounts namely SB Super and SB Signature . A customer should maintain a minim...

30 Indian software product companies have decided to form a new association called the Indian Software Product Industry Round Table , or “...

The Telecom operator Aircel has launched a new service called ‘Mobile Money’ in collaboration with ICICI Bank and Visa to enable its cus...

The Union  Cabinet   gave its approval to the amendments to the National Bank for Agriculture and Rural Development (NABARD) Act 1981. ...

After a long gap of nine months, the Reserve Bank (RBI) has reduced the short-term lending rate by 0.25 per cent to 7.75 per cent and Cash...

Central Bank of India has launched a new limited period deposit scheme – Cent 101, to mobilise up to Rs 3,000 crore, for a short-term requ...

Vijaya Bank has launched two credit cards ‘V-Platinum’ and ‘V-Privilege’ targeted at high net worth individuals (HNIs) and term deposit hold...

The Union Cabinet today gave its approval to the proposed amendments in the Regional Rural Banks (RRBs) Act, 1976 to enhance authorized and...

It is one of the major innovations in cheque clearing after the Magnetic Ink Character Recognition (MICR) cheques introduced in the 80s. C...