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Banks News

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Now from days to hours, RBI announces faster cheque clearance

Traditionally, cheque clearance has taken anywhere from two to five days, often causing delays in financial planning and transactions. The new system promises to alleviate these issues by ensuring that funds are available within hours of depositing a cheque. ...
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Potential privatization of banks likely in upcoming Union Budget 2024

The Indian government may propose reducing its stake in public sector banks (PSBs) below 51% through amendments to banking laws. This follows previous consolidation efforts and a failed privatization attempt in 2021....
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Banks, LIC, tax department open on March 30, March 31; Know reason?

Banks, LIC, tax departments have declared March 31 as a working day to facilitate timely financial transactions and tax obligations. ...
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Finance Ministry in action! Asks public sector banks to reassess gold loan process

The order from the Ministry of Finance has come amid debt risk concerns as gold prices surge....
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Farmers' Protest: Will banks, offices, schools remain closed on Bharat bandh? Know details

Workers and farmers have called for a sectoral industrial strike and Grameen Bharat Bandh on February 16, with protests taking place from 6 AM to 4 PM. Farmers will join massive chakka jams on main roads nationwide from 12 PM to 4 PM today. ...
List of Top 7 Banks in India 2023

Indian Banks Thriving: Over Rs 15,000 crore reclaimed by PSBs post ED action, affirms Sitharaman

Indian PSBs: Sitharaman disclosed that by March 31 of the current year, banks had successfully recovered Rs 33,801 crore from wilful defaulters. ...
Bank Holidays

Banks to stay shut for 6 consecutive days from today; Check Bank Holidays across states here

Bank Holidays: Commencing from today until November 15, banks in certain states will be closed for a total of six consecutive days....

RBI: Banks to return property papers to borrowers within 30 days of repayment

The Reserve Bank of India (RBI) issued a notification on Wednesday, directing banks and financial institutions to release all original movable or i...

India to be world’s second-largest economy by 2075: Goldman Sachs

In the latest study by Goldman Sachs, India is all set to become the world’s second-largest economy by 2075 as it is expected that the GDP of Ind...

In Manipur, banks advised to defer EMIs for up to 12 months

Amid the situation in the violence-hit Manipur, the banks have been told to extend the moratorium on loans up to 12 months, according to the offici...

Infosys wins US$454 million deal with Danske Bank to lead digital transformation

Indian tech giant Infosys has won a deal from Denmark-based Danske Bank that is worth US$454 million, the company confirmed in a statement on Monda...

₹2,000 notes worth ₹1.80 lakh cr have returned back to banks: RBI

Reserve Bank Governor, Shaktikanta Das on Thursday during the Monetary Policy Committee meeting announced that almost ₹1.80 lakh crore have been ...

Banks gear up as the exchange process for Rs 2000 notes starts today

According to the guidelines issued by the Reserve Bank of India, the currency note of Rs 2000 can be exchanged at any nearest branch. Banks will ha...

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