Bank

The 3 payment banks have plans for your money

MUMBAI, MAY 24:   With three players launching their payments bank services, consumers now have more choice for their banking needs. Going by the rate of interest being offered for deposits, Airtel seems to be the most aggressive. The telecom operator’s payments bank provides the highest interest raṭe on deposits at 7.2 per cent, followed by India Post at 5.5 per ... Read More »

Banks’ asset quality woes not over yet

The bulk of asset quality recognition for public sector banks is over at the end of March quarter, but analysts spot no encouraging trends yet. Photo: Pradeep Gaur/Mint Mumbai: The bulk of asset quality recognition for public sector banks is over at the end of March quarter, but analysts spot no encouraging trends yet. During the quarter, outstanding public sector ... Read More »

What the Heck is Happening at Your Bank These Days?

If you’re like many Americans, you may be making fewer trips to the bank and instead taking care of check deposits with a mobile app or tracking account balances with a few mouse clicks. Digital banking is undeniably gaining ground over the old brick-and-mortar process. But about 84 percent (PDF) of banking customers still visit branches at least occasionally, according ... Read More »

This Caribbean Bank Wants Chinese Money No One Else Will Touch

The global campaign against money laundering combined with the Panama Papers made the Caribbean islands of sun, sand and offshore banking a near no-go zone for the world’s biggest banks. So the British Virgin Islands has a solution: a bank to service offshore companies, many of them from China, locked out of the global banking system by HSBC Holdings Plc, ... Read More »

SBI New ATM, Cash Transactions Service Charges. All You Need To Know

India’s largest lender State Bank of India, revised service charges on various cash transactions for its customers, effective from June 1. Announced in a circular on the SBI website on Thursday morning, the revisions initially created confusion among customers over news that all cash withdrawals through ATM will now be charged at Rs. 25 per transaction. The bank later clarified ... Read More »

U.S. Bank and Sage Announce AP Optimizer to Streamline Invoice Payments

U.S. Bank (NYSE:USB) and Sage (LON:SGE) announced this week at Sage Summit 2016 in Chicago a new partnership that will benefit Sage customers in the U.S. and Canada. The partnership centers around the introduction of AP Optimizer, an application built by U.S. Bank that lives inside the Sage Live accounting platform. Its purpose, according to Bradley Matthews, head of Middle Market ... Read More »

Climate activists shut down Chase Bank branches in Seattle; arrests made

Thirteen Chase bank branches in Seattle saw business disrupted by activists in an effort to stop loans to tar-sands oil-pipeline projects. Police report they have made arrests. Climate activists disrupted business at 13 branches of JPMorgan Chase bank in Seattle on Monday in an effort to stop loans to tar-sands oil-pipeline projects. By late afternoon police had made 26 arrests ... Read More »

SBI Savings Bank Account: How To Avoid Fine Under Minimum Balance Rules

Do you have an SBI account? SBI or State Bank of India savings bank account customers are required to maintain a monthly average balance. Failure to maintain an average balance as prescribed by India’s largest bank SBI will attract a penalty, which varies depending upon where the customer holds the account. State Bank of India (SBI) has divided the penalty ... Read More »

SBI Refuses To Share Information On Money Stashed In Suspended Accounts

New Delhi: The SBI has declined to share the quantum of money lying in suspended bank accounts in which the interest amount of customers, who do not claim it due to religious reasons, is kept. Replying to an RTI query, the State Bank of India (SBI) said it does not maintain such information in its database “in normal course of ... Read More »

When is the next bank holiday in 2017? All the public holidays and long weekends coming up in the UK

THERE’S nothing like a three-day weekend boost the mood, and there are still a few bank holidays on the horizon. Whether you’re planning a long weekend away or just craving an extra lie-in – here’s the lowdown on the rest of 2017’s bank holidays. GETTY IMAGES 2 If a bank holiday falls on a weekend, it will normally be shifted to the ... Read More »