A Complete Banking Guide... Bank of Baroda, Allahabad Bank, Andhra Bank, Bank of India, Bank of Maharashtra, Canara Bank, Central Bank of India, Dena Bank, ICICI Bank, IDBI Bank Limited, Indian Bank, Indian Overseas Bank,, Oriental Bank of Commerce, Punjab & Sind Bank, Punjab National Bank, State Bank of India, UCO Bank, UTI Bank Ltd., Union Bank of India, United Bank Of India, Vijaya Bank, Yes Bank, Mutual Funds, Income Tax
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RBI imposed penalties on the Central Bank of India and Sonali Bank PLC for non-compliance with regulatory norms. The Central Bank of India was fined Rs 1.45 crore for issues including sanctioning a working capital demand loan improperly and failing to credit amounts from unauthorized electronic transactions to customers' accounts on time. Sonali Bank PLC was fined Rs 96.4 lakh for non-compliance with Know Your Customer (KYC) Directions, 2016.
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Facing an uncertain future in the wake of RBI's decision to put an end to Paytm Payments Bank and the wallet business, scores of employees are being asked to "voluntarily resign" without being given any prior notice, several have been denied severance pay and many are being asked to pay back their joining and retention bonuses to the company, several former and present employees of Paytm told TOI.
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ATM fee hike: Presently, banks offer their savings bank account holders a minimum of five free transactions per month in the six metro cities of Bengaluru, Chennai, Hyderabad, Kolkata, Mumbai, and New Delhi.
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The US Federal Reserve chose to keep the benchmark interest rate steady at a range of 5.25 to 5.50 percent. This decision marks the seventh consecutive instance where the central bank has refrained from adjusting the rate. The Federal Reserve revised its projections, now anticipating only a single rate reduction throughout the current year.
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