Banking News Archive
Incremental Cash Reserve Ratio (I-CRR)
Incremental Cash Reserve Ratio (I-CRR) is a temporary measure announced by the Reserve Bank of India (RBI) to absorb surplus liquidity from the Indian banking system. This reserve is in addition to the Cash Reserve Ratio (CRR)
HDFC Bank among top 10 banks in terms of Market Capitalization
HDFC Bank formed after the merger of HDFC Ltd with HDFC Bank is the 7th largest global lender in terms of Market Capitalization. In India, ICICI and SBI ranks next to HDFC Bank.
Freezing/ Lien Marking of Accounts by Banks-Complaints Registered in NCCRP
Account freezing/lien marking by banks based on the directions, issued by the LEAs on complaints in NCCRP has become controversial in Kerala. This article analyses various aspects of the matter.
Positive Pay System for CTS and Banks
Positive Pay System for Cheque Truncation System (CTS) is the concept muted by Reserve Bank of India, banking regulator, to make cheque based transactions safer by minimising frauds. The plan to introduce Positive Pay System for Cheque
Delisting Plan of Vedanta Ltd- Update
Vedanta Ltd’s announcement of delisting plan of equity shares continues to grab the attention of entire Indian equity investors, apart from its own share holders. Initially it was on account of the low offer price decided by
FedSwagat–Digital appointment booking channel to visit Federal Bank
FedSwagat is an innovative appointment booking channel launched for visitors by the Federal Bank Ltd. The bank, which is one of the major commercial sector banks in India, has always been in the forefront in adopting technology,
21 Jun 20
CategoryBanking News, Banking Products & Schemes, Digital Banking Awareness
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Guaranteed Emergency Credit Line (GECL) for MSMEs-Lenders guaranteed by NCGTC
Guaranteed Emergency Credit Line (GECL) is the loan extended to eligible MSMEs/ Business Enterprises being 20 per cent of the loan outstanding as on February 29,2020. The Finance Minister had announced a collateral free, guaranteed credit scheme
Cash withdrawal facility at POS terminals
Cash withdrawal facility at POS terminals (Point-of-Sale terminals) was introduced in India by RBI in 2009, but failed to gain acceptance among public in India. However, the facility is gradually gaining popularity among the public as general
SBI Wecare Deposit scheme offers 0.8% Senior Citizen benefit on TD
SBI Wecare Deposit is a new term deposit scheme announced by the largest commercial bank in India for Senior Citizens. The SBI Wecare scheme is announced to protect the interest income earned by senior citizens on their
LTRO – Long Term Repo Operations by RBI
LTRO, Long-term repo operations, is a new liquidity tool announced by the Reserve Bank of India to stimulate the Indian economy. RBI, the central Bank of India, announced the measures on 6th February, 2020. LTROs are effectively