APN News

  • Monday, June, 2019| Today's Market | Current Time: 08:44:53

    • Banking

    Cash withdrawal limits from banks removed

    Keeping up with the pace of re-monetisation, Reserve Bank of India has lifted all the limitations that were placed on cash withdrawals that were placed since November 8th last year.  This means the state of pre-demonetisation in the banks is restored. The central bank imposed restrictions on withdrawals from bank accounts in the wake of […]

    Banking

    Shri Damodharan Neelam & Shri Atanu Kumar Das join Bank of India as Executive Directors

    Mumbai :  The Government has appointed Shri Damodharan Neelam and Shri  Atanu Kumar  Das as Executive Directors of Bank of India.   Shri Damodharan Neelam has 33 years of experience in Banking covering areas like Corporate Credit, Loan Syndication, International Operations, Bank Subsidiaries, Retail Banking, Operations and NPA Management. He is a Science Graduate and […]

    Banking

    SBI to merge with associates from April 1

    In the largest consolidation exercise in the banking history of India, all the five associate banks will merge with State Bank of India, SBI, from the first of April. The bank said in a regulatory filing that the assets of State Bank of Bikaner and Jaipur, State Bank of Mysore, State Bank of Travancore, State […]

    Banking

    Fake notes from SBI ATM: Govt to investigate matter

    The government today said it will investigate the matter related to the SBI ATM in South Delhi dispensing fake 2,000 rupees notes. Talking to reporters in New Delhi, Minister of State for Finance Santosh Kumar Gangwar said, that all possible steps will be taken to control generation of counterfeit currency. He said, the government is […]

    Banking

    From today cash withdrawal limit from Savings account is Rs 50,000

    Mumbai: Reserve Bank has enhanced the cash withdrawal limit from Savings Bank Account to 50,000 rupees from the existing 24,000 rupees from today. RBI has also said that all limits on cash withdrawals from Savings Bank Account will be withdrawn from 13th of next month.

    Banking

    SBI, PNB, UBI cuts lending rate by up to 90 bps

    Top PSU lenders State Bank, Punjab National Band and Union Bank

    Banking

    RBI modifies circular on depositing over Rs 5000 in banks in old notes

    Scrapping the December 19 circular, the Reserve Bank of India today modified the old currency deposit rules and withdrew the 5000 rupee limit for depositing money in old currency notes for fully KYC (Know Your Customer) compliant accounts only. The RBI in a circular issued said the KYC complaint account holders will not be questioned […]

    Banking

    How future banks are going to look like

    The rapid pace of digitization has meant that businesses, especially banks, have had to invest heavily in technology to keep up with consumer demands. The two-three most promising areas where digital advances could revolutionise customer experiences are artificial intelligence, chatbots and personalization. The Internet of Things is another area that could impact banking transactions. Banks […]

    Banking

    Supreme Court seeks centre’s response on whether co-op banks can accept old notes

    The Supreme Court today sought the Centre’s response on issues like whether district cooperative banks could be allowed to accept deposits in demonetised notes and why banks are unable to allow assured weekly withdrawals of Rs 24,000 to customers. The bench headed by Chief Justice T S Thakur said though demonetisation has been carried with […]

    Banking

    Pay I-T dues in advance to avoid last minute rush: RBI

    Reserve Bank of India has authorized 29 agency banks to accept payments

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