Photo: The Indian Express

HDFC Bank Becomes 1st Bank To Launch UPI QR Code

HDFC Bank on July 13, said it has launched a UPI QR code interoperable with India’s digital rupee or central bank digital currency (CBDC.) With this, it becomes the first commercial lender in India to do so. With this, customers and merchants can make payments using digital rupee through this UPI QR code. “HDFC Bank today announced the launch of UPI QR code interoperable," said HDFC in a statement.

Thu, 13 Jul 2023 - 03:22 PM / by Varsha Joshi

Tags: HDFC BANK, UPI QR Code, Indian Banks, business, Commercial

Courtesy: News 18

HDFC Chairman

Photo: India Times

HDFC Chairman Announces Retirement Ahead Of Merger

Ahead of the HDFC Bank-HDFC merger, HDFC Chairman Deepak Parekh, on June 30, formally announced his retirement. In his last message to the shareholders, he exuded confidence that the synergies between HDFC Bank and the group companies will deepen with the bank taking on the mantle of ownership of the group. “The HDFC experience is invaluable. Our history cannot be erased and our legacy will be taken forward," said Parekh.

Fri, 30 Jun 2023 - 05:54 PM / by Varsha Joshi

Tags: HDFC BANK, Chairman Deepak Parekh, Indian Banks, Merger

Courtesy: News 18


Photo: India Today

RBI MPC Meeting, Governor keeps Repo Rate Unchanged At 6.5%

The Reserve Bank of India (RBI) concluded its bimonthly monterary policy meeting, and announced a major relaxation for people. Considering inflation above the 4% target, the RBI Governor Shaktikanta Das led MPC decided to keep repo rate unchanged at 6.5%, Standing Deposit Facility Rate remains at 6.25%. Marginal Standing Facility Rate and Bank Rate unchanged at 6.75%. More announcement into the meeting is awaited.

Thu, 08 Jun 2023 - 10:30 AM / by Varsha Joshi

Tags: RBI GOVERNOR, Indian Banks, repo rate, RBI, business

Courtesy: Live Mint

Bank of Baroda

Photo: The Economic Times

Bank Of Baroda Increased Fixed Deposit Interest Rates

The interest rates on Bank of Baroda's fixed deposits (FDs) up to Rs 2 crore have increased. After the adjustment, the general public's FD interest rate may increase to 7.25 percent. Seniors who deposit money with the Bank of Baroda might earn up to 7.75 percent on their fixed deposits. The new rates are coming into effect today, May 12, 2023, confirmed sources.

Sat, 13 May 2023 - 10:08 AM / by Varsha Joshi

Tags: BANK OF BARODA, interest rate, Fixed Deposits, Indian Banks, business

Courtesy: Zee News India


Photo: The Indian Express

SBI Confirms Revises Charges & Fees Of SBI Credit Card

State Bank of India Cards & Payment Services has revised the charges and fees of the SBI Credit Card. The new SBI Credit Card charges will be levied with effect from 17 March 2023. The company sent an email to all customers, regarding the same. From 17 March 2023, SBI Processing Fee will be revised from Rs 99 plus applicable taxes to Rs 199 plus applicable taxes, confirmed email.

Tue, 14 Feb 2023 - 05:21 PM / by Varsha Joshi

Tags: SBI, Bank, Indian Customers, Revised Charges, email, Indian Banks

Courtesy: Zee News India

Reserve Bank of India

Photo: The Indian Express

RBI Announces Hike In Repo Rate To 6.5%

The Reserve Bank of India hiked the repo rate by 25 basis points to 6.5%, on February 8. Governor Shaktikanta Das announced the decision of the monetary policy committee of six members, taken with a majority of 4 votes. In December 2022, the repo rate was raised by 0.35 percentage points to 6.25%. While repo rate hiked, there was no change in the reverse repo rate of 3.35%.

Wed, 08 Feb 2023 - 11:16 AM / by Varsha Joshi

Tags: RBI, SHAKTIKANTA DAS, Reserve Repo Rate, repo rate, Indian Banks

Courtesy: Hindustan Times

Farmer ploughing a piece of land

Photo: The India Forum

Maharashtra Farmers Credit Score Gets Better Amid COVID Pandemic

In Maharashtra the non performing asset (NPA) improved with an increased credit score of the farmers, after the Maharashtra Government announced a loan waiver scheme. Amid COVID-19 pandemic, agriculture was the only sector to show highest growth. As per bankers and agriculture, finance experts, State witnessed both short and long term finances were increased by the banks. Notably, in 2020 NPA reduced to 18% with outstanding Rs 1.30 lakh.… read-more

Wed, 09 Mar 2022 - 09:00 PM / by Rupsa Debnath

Tags: Maharashtra , Maharashtra Government, Agriculture, Indian Banks, Agriculture sector

Courtesy: The Indian Express


Photo: Financial Express

RBI Imposes Hefty Fines On PNB & ICICI Bank For 'Irregularities'

The Reserve Bank of India (RBI) imposed a fine of Rs 1.8 crore on the Punjab National Bank and Rs 30 lakh on ICICI Bank. The amount has been penalised for deficiencies in regulatory compliances under the Banking Regulation Act, 1949. In an official statement, RBI said, the PNB held more than 30% shares in borrowers companies, whereas in the case of ICICI Bank, they violated compliance rule. 

Wed, 15 Dec 2021 - 07:44 PM / by Varsha Joshi

Tags: RBI, penalty, PNB, ICICI Bank, Indian Banks

Courtesy: NDTV

ATM Withdrawal

Photo: Daily Record

ATM Withdrawal Charges To Witness Hike From January: RBI

ATM withdrawal charges have been increased to Rs 21 from Rs 20 per transaction after the monthly limit. As per the Reserve Bank of India (RBI) circular, the increased transaction hike will be in effect from January 1, 2022. Individuals can do five free transactions from their own bank's ATMs each month. The limit for other banks' ATMs is three in metro centers and five in non-metro centers monthly.

Fri, 03 Dec 2021 - 04:48 PM / by Varsha Joshi

Tags: ATM Withdrawal, RBI, Indian Banks, Price Hike, Delhi

Courtesy: Times Now News

Union Bank of India

Photo: Business Standard

Union Bank Of India Reduces Home Loan's Interest Rate To 6.40%

Union Bank of India announced to decrease the interest rates of Home Loans on October 26, thereby becoming the most competitive in the industry. As per sources, the interest rate now starts at 6.40%, and will be effective from October 27. Furthermore, clients applying for new loans, or wishing to transfer existing loans, including balance transfer will be eligible under the new interest

Wed, 27 Oct 2021 - 04:11 PM / by Nehal Surana

Tags: Indian Banks, Bank, LOANS & INTERESTS, Home Loan, Interest Rates