BANK ACCOUNT
Sebi fines HDFC Bank Rs 1 cr in BRH Wealth Kreators caseHDFC Bank had granted credit facilities worth Rs 191.16 Crore to BRH and Rs 26.61 Crore to BRH Commodities, out of which an amount of Rs 87...
- Sebi orders attachment of bank, demat accounts of Vibgyor Allied Infra, 3 others
The recovery proceedings have been initiated against the entities after they failed to repay investors' money as directed by the Securities...
- Types of bank accounts an NRI can open in India
A non-resident Indian can open three types of accounts in India as authorised by the Reserve Bank of India (RBI). The money in the accounts...
- Sebi orders attachment of bank, demat accounts of Rhine and Raavi Credits & Holdings, 3 others
The recovery proceedings have been initiated against the entities after they failed to pay fine totalling Rs 1 crore imposed on them in Mar...
- PPF in a nutshell
- Public sector banks may follow a uniform practice on employee accountability for bad loans
Indian Banks’ Association (IBA) has formed a committee under Canara Bank ED MV Rao to look into the nuances of staff accountability. The pa...
- AMU's bank account seized after varsity failed to pay property tax of over Rs 14 crore
"There was property tax due of around Rs 14.83 lakh crore of Aligarh Municipal Corporation on AMU. The dues were pending for the last 8 to ...
- Gujarat: Home loan disbursals rose to Rs 5,283 crore in Q2
According to the SLBC, the total outstanding amount under housing finance by banks stood at Rs 92,195 crore by September as against Rs 76,2...
- India's current account surplus shrinks in latest quarter
The surplus stood at 2.4% of the gross domestic product in the latest quarter, compared with a deficit of $7.6 billion, or 1.1% of GDP, in ...
- Sebi orders attachment of bank, demat accounts of KKDIL, others
The recovery proceedings have been initiated against the entities after they failed to repay investors' money as directed by the Securities...
- Will home loans get cheaper, health cover more affordable?
With banks riding on surplus liquidity and no significant pick-up in credit, home loan rates could remain soft.
- PNB puts 3 stressed accounts up for sale
The three accounts are Mangalam Oil Industries with outstanding dues of Rs 10.77 crore, Alliance Fibres Ltd (Rs 18.31 crore) and Birsa Inst...
- Punjab & Sind Bank declares Sintex Industries account as fraud
It is informed that an NPA account Sintex Industries Ltd with outstanding dues of Rs 294.49 crore has been declared as fraud, the Bank said...
- Sebi orders attachment of bank, demat accounts of Sunshine Global Agro, others
The penalty was imposed on them as the company mobilised over Rs 38 crore from 39,290 investors through unregistered collective investment ...
- Paytm Bank has lowest UPI failure rate
Among public sector banks, the best performer was Oriental Bank of Commerce, which matches Paytm Bank’s rate of 0.8 per lakh but has less t...
- SBI seeks attachment of nostro accounts of Bangladesh's Agrani Bank in India
The country’s largest lender has sent a letter to six banks, including HDFC Bank and ICICI Bank, where Agrani Bank has nostro account – or,...
- RBI eases some conditions for banks to open current accounts
In August, RBI had said that banks that do not have cash credit or overdraft (CC/OD) facilities cannot open a current account for any borro...
- Sharp rise in bank accounts operated by women
In 10 states and union territories, 80-90% of women account holders run their accounts themselves. Even in Nagaland, which is at the bottom...
- Equitas SFB launches 3-in-1 account offering various investment options
Equitas Small Finance Bank on Thursday announced the launch of a 3-in-1 account that allows its customers to invest in a wide variety of fi...
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