The six-member monetary policy committee (MPC) led by the Reserve Bank of India (RBI) is likely to hold interest rates steady for the ninth consecutive policy review today. The central bank, which…
Author: John Davis
Here’s howmuch penalty banks charged for not keeping minimum balance
State-run Punjab National Bank (PNB) charged Rs 633 crores in financial year 2023-2024 from customers as penalty for non-maintenance of minimum balance in savings accounts, according to data submitted by the Government…
Exclusive| Modi Government puts PSB privatisation plan in the backburner
On 10 July, BizNewsweek exclusively reported that the Union Finance minister Nirmala Sitharaman is unlikely to take up bank privatisation in the Budget 2024-25, according to highly placed sources in the government.
How FM Nirmala Sitharaman failed the middleclass taxpayers and investors in one stroke
Ahead of every Union Budget, there are expectations of some sort of relief for the common man in terms of tax reliefs and welfare measures. Investors too typically look for positive cues…
Attack on SBI executives in Chhattisgarh: Union leaders meet state ministers
The purpose of the meeting was to address the brutal physical assault that occurred yesterday at the SBI Branch in Takathpur, District Bilaspur, according to a press release by AIBOC.
Budget 2024-2025: What is there for banking sector?
Will 2024 see a renewed push from the Narendra Modi-government on bank privatisation? To begin with, privatising India’s dozen public sector banks (PSBs) has been a tough task and an unkept promise….
Wazirx reports major secutity breach; $230 million assets stolen
On July 18, WazirX, India’s largest cryptocurrency exchange, confirmed a security breach that prompted the temporary halt of INR and crypto withdrawals, following an alleged theft of digital assets valued at $230…
South Indian Bank appoints Dolphy Jose as wholetime director
Thrissur-based South Indian Bank today announced the appointment of Dolphy Jose as Whole-time Director (Executive Director) of the Bank with immediate effect. Jose is an accomplished banker with over 25 years of…
BoB to offer 7.25%launches BoB monsoon dhamaka deposit scheme
Bank of Baroda today announced the launch of the bob Monsoon Dhamaka Deposit Scheme, a special term deposit product offering higher interest rates. The bob Monsoon Dhamaka Deposit Scheme is available in…
BNW quick analysis| Why did inflation rise in June?
The heatwave impact has been seen on vegetables. Wheat production lower according to the market for FY24 which has seen prices move up. These products will continue to witness high inflation.