APN News

  • Sunday, September, 2020| Today's Market | Current Time: 08:57:16
  • Indian Bank announces cut of 5 basis points in MCLR for one-year tenure

    State-owned lender Indian Bank has announced a cut of 5 basis points in its marginal cost of funds based lending rate (MCLR) for one-year tenure. The bank has decided to reduce the MCLR for one-year tenure by 5 basis points to 7.30 per cent effective from September 3, 2020, Indian Bank said in a regulatory […]

    Finance Ministry asks banks to refund charges collected after 1st Jan’20 on electronic transactions

    The Finance Ministry has asked banks to immediately refund the charges collected after 1st of January this year on transactions carried out using the electronic mode prescribed under the IT act. The Ministry also advised banks not to impose charges on any future transaction carried out through the electronic mode.  It said, Central Board of Direct […]

    Paytm Payments Bank enables banking services through Aadhar Cards

    Hyderabad : India’s home-grown Paytm Payments Bank Ltd (PPBL) has enabled banking services through Aadhar Cards by integrating Aadhaar enabled Payment System (AePS). PPBL’s customers can now access to basic banking services such as cash withdrawal, balance enquiry and obtain a mini statement through the business correspondent of any banking & financial institution in the country. […]

    Launches digital banking campaign, “DIGITAL APNAYEN” with a noble cause

    The nation’s second largest public sector bank, Punjab National Bank (PNB), celebrated 74th Independence Day at its corporate headquarters in New Delhi.  Shri CH SS Malikarjuna Rao, Managing Director & CEO of the Bank (MD & CEO), unfurled the National Flag in the presence of Executive Directors, Chief General Managers, Senior executives and other employees. […]

    RBI appoints Jai Bhagwan Bhoria as administrator for PMC Bank

    The Reserve Bank of India has superseded the Board of Punjab and Maharashtra Cooperative Bank Limited, Mumbai and appointed Jai Bhagwan Bhoria as the bank’s administrator with all powers of the board. According to an official release, the amount of withdrawal from the bank allowed to depositors has been increased from one thousand to ten […]

    RBI rebuts social media rumours on closure of banks

    Rebutting social media rumours swiftly, the Reserve Bank of India today said that no commercial banks are going to be shut. The central bank said in a statement issued on Wednesday that reports appearing in some sections of social media about the RBI closing down certain commercial banks are false. Finance Secretary Rajiv Kumar also […]

    A step-by-step guide on how to apply for a HDFC credit card

    Credit Card is one of the most useful and handy financial instruments. However, it can impose execrable harm if not utilized properly. Using it with responsibility can generate a good credit score and in future will help to access loans at a favourable interest rate. With everyday purchases, one can qualify for reward points, which […]

    RBI slaps Rs 26 lakh fine on Mobikwik and Hip Bar

    The Reserve Bank has imposed a fine of about 26 lakh rupees on two online payment solutions providers for non-compliance of regulatory guidelines. The central bank said in a release that Mobikwik Systems Private Limited has been slapped a fine of 15 lakh rupees while Hip Bar Pvt Ltd faced a fine of 10.85 lakh […]

    Asian Development Bank cuts India’s GDP growth forecast to 7 per cent for FY20

    Asian Development Bank today lowered India’s GDP growth forecast to 7 per cent for the current year on the back of fiscal shortfall concerns. India is expected to grow by 7 per cent in 2019 and 7.2 per cent in 2020, slightly slower than projected in April, ADB said in its supplement to the Asian […]

    RBI releases vision document for e-payment system

    Reserve Bank of India has released a vision document for ensuring a safe, secure, convenient, quick and affordable e-payment system. The move comes as the apex bank expects the number of digital transactions to increase more than four times to 8,707 crore in December 2021. According to RBI release on Wednesday the ‘Payment and Settlement […]