How To Take Advantage Of Rising Interest Rates?

FD investors keep witnessing the rise and fall in the FD interest rates. While there was a significantly high-interest rate of 9% offered by the SBI in 2014, recently, it dropped to 5.4% in 2020.   While low FD interest rates cause worry and…

Citi’s Exit: Why Foreign Banks Struggle To Flourish In India

Citigroup isn’t the only foreign bank struggling in India, a closer look at the country’s banking ecosystem reveals.

SBI launches debit card EMI facility

Consumers can buy the products at over 40,000 merchants and stores in more than 1,500 cities having point-of-sale (PoS) machines totalling over 4.5 lakh. SBI launched debit card EMI on PoS loans for consumer durables. State Bank of India on…

SBI changes daily ATM cash withdrawal limit for debit cards

Depending upon the variant of the card, the daily cash withdrawal limit ranges from ₹20,000 to ₹1 lakh. SBI also allows free transactions to its customers at ATMs for 8-10 times in a month.

SBI to move away from debit cards in 5 years

SBI Chairman, Rajnish Kumar said through the Yono platform, one can withdraw cash at the automated teller machines. In the next five years, there will be a limited need to have any plastic cards in your pocket.

More PSU banks link deposit and loan rates to RBI’s repo

More government-owned banks have announced linking their lending and deposit rates to the Reserve Bank of India’s (RBI’s) repo for facilitating faster transmission after the State Bank of India did so in May.

With RBI intervention, SBI waives NEFT and RTGS charges

State Bank of India on Friday announced waiving charges on IMPS, NEFT and RTGS transactions through internet and mobile banking after the Reserve Bank of India decided to do so in a bid to move the country towards a less-cash economy.

Banking and Revenue watchdogs stuck in data privacy row

The RBI has said it has no power to ask banks to share information on customers with third parties, including investigative agencies of the government, even if it is in the interests of the bank.

Jet Airways: The Joy of Flying nears end

Once India’s biggest private carrier, Jet Airways stopped flying in April after running out of cash. With no more investors in hand, lenders to Jet Airways have decided to file for bankruptcy.

Executive exodus continues as Hinduja enters Jet fray

Chief Executive Officer Vinay Dube also resigned, a day after grounded carrier Jet Airways’ Deputy Chief Executive and CFO Amit Agarwal stepped down citing personal reasons.