State Bank of India has recently announced its withdrawal of immediate payment service transactions on internet banking and mobile banking service that will be effective from 1st August 2019. IMPS is a robust and real-time fund transfer service that offers an instant round the clock interbank electronic fund transfer facility which is accessible on multiple […]
Banking & Industry News Updates
What India’s public sector banks got in the Union Budget 2019?
Public sector banks in India received a much-needed boost after the Union Budget 2019 was announced. The Finance Minister Nirmala Sitharaman announced a capital infusion of Rs 70,000 crore is an effort to boost credit and the banks are hopeful they will be able to put the funds to some good use and liven up […]
Major relief on the cards for banking sector in upcoming Union Budget
Jo dar gaya so mar gaya is a refrain that has been made iconic, first through Bollywood and then through the innumerable reiterations and inspiring-cum-funny usage over the years. However, this could well be the favorite refrain for Indian bankers going through the storm that the sector has been weathering for the last couple of […]
NEFT and RTGS transfers to be cheaper for customers now
Banking charges are definitely a grey area for many customers. Let’s face it; most of us don’t really bother when it comes to learning more about these charges only to suddenly pipe up later about deductions on this account by our banks. If this is a common scenario in your banking journey, you should definitely […]
Government may boost banking sector with capital infusion of Rs. 30,000 crore for PSBs
Public sector banks or PSBs have been facing somewhat choppy waters in recent years due to a mix of several reasons right from long-standing NPAs and over-exposure to stressed assets to non-performance. The Indian Government has been attempting to salvage the situation in collaboration with the Reserve Bank of India (RBI) which is the apex […]
