RBI doubles withdrawal limit for PMC depositors
The RBI stated that they have been in continued talks with all the stakeholders involved and pointed out that owing to the extent of the negative net worth of the bank, and the need to recover bad loans, the resolution of the bank will take further deliberation.
PMC Bank crisis: RBI doubles withdrawal limit to Rs 1 lakh
The Reserve Bank of India (RBI) on Friday doubled the withdrawal limit for Punjab ...
Cash withdrawal from ATMs dips in April
According to data released by the RBI in monthly bulletin for June, the number of transactions or cas...
Madhu Kapur, family withdraw case against Yes Bank
Yes Bank on Tuesday said that Madhu Kapur, wife of the bank's late co-founder Ashok Kapur, and her family have withdrawn a case filed against it in 2013. The case was filed by Kapur when the family was locked in a pitched battle with the bank, then headed by Rana Kapoor who was subsequently dismissed by RBI in 2018.
Punjab National Bank declares its Rs 3,688 crore exposure to DHFL as fraud
The state-run lender said the company was being reported as a fraudulent account to the RBI.
SBI ATM withdrawal charges effective from July 1
The waiver announced on the ATM withdrawal charges has expired on June 30, 2020. If you are an SBI customer, from July 1, here are the charges and limits that will be applicable on your ATM transactions.
Axis Bank to wind down UK subsidiary
The lender has been reviewing its international strategy and as part of this, has adopted a clear objective to focus on the Indian banking market and harness the potential there, it said in a regulatory filing.
EPF withdrawal: Step-by-step guide to withdraw money online
The funds from EPF account can be withdrawn for various purposes such as marriage, buying a house, repayment of housing loan etc. However, there are certain conditions that must be met to withdraw money. Here's everything you need to know about it.
Yes Bank withdrawal limit to end on Wednesday at 6 pm
A new board of directors will be constituted for the bank within seven calendar days.
Customers rush to ATMs after RBI caps Yes Bank withdrawal limit
After Reserve Bank of India (RBI) on Thursday imposed a month-long moratorium on Yes Bank citing "serious deterioration in its financial pos...
New government fund for NBFCs will have limited impact: Analysts
Analysts said the short duration of the debt and rating restriction raises a question over its effectiveness.
Yes Bank placed under moratorium, govt limits withdrawals at Rs 50,000
The Centre has put a cap on cash withdrawal from Yes Bank. As per a notification issued by the Ministry of Finance, Yes Bank customers canno...
BJP realises limitations of virtual world
On June 7, Union home minister Amit Shah did the first Bihar Samvad virtual rally, which was followed by a series of such rallies across the country to highlight the achievements of one year of the Narendra Modi government. In Bihar, the BJP leadership is doing 3-4 such rallies every day and trying to cover all the 243 assembly constituencies.
What are Systematic Withdrawal Plans or SWPs?
Systematic Withdrawal Plans or SWPs are lesser known counterparts of SIPs or Systematic Investment Plans. SWPs, as the name suggests, allow an investor to withdraw a certain amount from mutual fund schemes at regular intervals.
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