Bank

How misadventures of Bank of Baroda dragged it into South Africa’s political crisis

The Bank of Baroda headquarters is pictured in Mumbai.(Reuters File) In June 2017, an anodyne footnote to the Bank of Baroda’s (BoB) quarterly results mentioned a fine levied by the South African Reserve Bank (SARB), headquartered in Pretoria. The sum — Rs 5.45 crore — was insignificant for an institution the size of BoB. No further details were given; the ... Read More »

IPL 2018: RR bank on successful RPS connection to fire again

IPL 2018: Stokes and Smith guided RPS to the IPL 2017 final The spotlight on this year’s mega Indian Premier League auction was on the two teams making a comeback after serving out their two-year suspensions. While Chennai Super Kings decided to retain their core in Mahendra Singh Dhoni, Suresh Raina and Ravindra Jadeja, the Rajasthan Royals just decided to go ahead ... Read More »

Bitcoin woes: Cryptocurrency investors unable to link bank accounts to wallets, says report

Though India is still straddling the fence when it comes to taking a stand on cryptocurrencies – the finance ministry is no fan but the RBI has not banned digital currencies like Bitcoin yet – retail investors in the country are already in a soup. According to a report in The Hindu BusinessLine, many investors are currently neither able to trade on several bitcoin ... Read More »

With just Rs 2,410 in bank account, country’s poorest CM Manik Sarkar turns even poorer after 4 terms

Tripura Chief Minister Manik Sarkar Tripura Chief Minister Manik Sarkar continues to remain the poorest serving chief minister in the country with a paltry sum of Rs 1520 cash in hand. On Monday, the veteran communist leader made his personal financial details public while filing nomination papers from the Dhanpur constituency for the upcoming assembly polls in the state. As ... Read More »

Latest Interest Rate On PPF, Income Tax Benefits, Withdrawal, Loan Facilities And Other Details

The rate of interest on PPF is compounded annually (Representational image) HIGHLIGHTS PPF, other small savings schemes interest rates are set every quarter Deposits in PPF account are eligible for tax deductions under Section 80C Up to Rs. 1.5 lakh can be claimed for a financial year under Section 80C COMMENTSPPF or Public Provident Fund is one of the most ... Read More »

Anyone With Your Aadhaar Number Can See Which Bank You Have an Account In

UIDAI’s SMS-based service shows banks with which Aadhaar holders have accounts in to anyone HIGHLIGHTS The SMS-based service does not require an OTP UIDAI does not inform Aadhaar holders their details were checked either Does not seem to work for all banks though UIDAI, the authority that issues Aadhaar, allows people to check online if their bank account has been linked ... Read More »

ICICI Bank To Offer New Range Of Services For Ola Ride Booking. Details Here

ICICI Bank will also offer a ‘Pay Direct’ card for Ola’s driver partners. New Delhi: Cab-hailing app Ola today said it has partnered with ICICI Bank to offer a range of integrated services to customers and driver-partners. As part of the tie-up, customers of ICICI Bank will be able to book Ola rides and pay the fare through the bank’s ... Read More »

Bandhan Bank IPO: Five Things To Know

Equity shares of Bandhan Bank are proposed to be listed on BSE and NSE. Bandhan Bank Limited is set for an initial public offer (IPO) comprising 11.9 crore equity shares next fiscal year. Kolkata-based Bandhan Bank said it has filed a Draft Red Herring Prospectus with market regulator Sebi (Securities and Exchange Board of India). Bandhan Bank, which is owned ... Read More »

Linking Aadhaar With Bank Accounts, Mobile Phone SIMs: Last Date And Other Things To Know

    The deadline for linking Aadhaar card with essential services is March 31, 2018. The Aadhaar card, a 12-digit unique identification number issued by the Unique Identification Authority of India (UIDAI), is mandatory to be linked with a host of essential services. The Aadhaar card, which is based on the biometric and demographic data, of Indian citizens, has to ... Read More »

Why we should worry about the fall in bank credit

A curious crisis: Investors unwilling to borrow, banks reluctant to lend Growing economies show increasing deployment of bank credit, but in India this has been decreasing for years and is now falling flat. This impacts economy in myriad ways January 1, 2018: In most market economies, the disbursal of bank credit is usually a relatively reliable indicator of the extent ... Read More »