Covid-19: SBI temporarily raises ceiling for cash withdrawal by customers at ‘non-home’ branches

The branch where the customer’s account is maintained is called the ‘home’ branch, all other branches are called ‘non-home’ branches

from Business Line - Money & Banking https://ift.tt/348Somj

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Exide Life targets 30 pc growth in new biz premium this fiscal; to focus on protection, rides plans

"Last year when the pandemic hit and afterwards people got used to dealing with the new normal, we found that we had an improvement in customers paying their renewal premium. We had improvement in persistency figure as well," Exide Life Insurance MD and CEO Kshitij Jain told PTI in an interaction.

from Banking/Finance-Industry-Economic Times https://ift.tt/3yIiCu6

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IBA reaches out to govt for refund of compound interest waiver by banks

Compound interest support scheme for loan moratorium cost the government Rs 5,500 crore during 2020-21, and the scheme covered all borrowers including the prompt one who did not avail moratorium.

from Banking/Finance-Industry-Economic Times https://ift.tt/3oKo770

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RapiPay Fintech records nearly 50 per cent rise in cash withdrawals

Transaction value of AePS rose 166 per cent in the last six months

from Business Line - Money & Banking https://ift.tt/3bLVxgf

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Punjab & Sind Bank returns to profit after 8 quarters of losses

Net NPA almost halved to 4.04% from as much as 8.03% a year earlier.

from Banking & Finance – The Financial Express https://ift.tt/349SJW2

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