Can depositors withdraw up to ₹5 lakhs?
Can depositors withdraw up to ₹5 lakhs?
RBI issued Master Direction for Housing Finance Company
Reserve Bank of India (RBI) has issued Master Direction for Housing Finance Company under Non-Banking Financial Company vide RBI/2020-21/73 DOR.FIN.HFC.CC.No.120/03.10.136/2020-21 dated 17th February, 2021 with immediate effect. The Reserve Bank…
RBI issued directions for collection of Margin for Derivative Contracts
The Reserve Bank of India (RBI) vide its notification number RBI/2020-21/98 dated 15th February 2021 issued directions for allowing posting and collection of margins for permitted derivative contracts between a…
Financial Literacy Week 2021
Financial Literacy Week (FLW)
Maintenance of Cash Reserve Ratio (CRR)
Cash Reserve Ratio (CRR) – Last year on 27.03.2020, RBI, vide its circular DOR.No.Ret.BC.49/12.01.001/2019-20, reduced the Cash Reserve Ratio of all banks by 100 basis points from 4.00 per cent…
Axis Bank
Bank of Baroda
Bank of India
BANKS
Catholic Syrian Bank
Central Bank of India
City Union Bank
HDFC Bank
HSBC Bank
ICICI Bank
Karur Vysya Bank
Positive Pay System
What is Positive Pay System for Cheque Truncation System?
Here is an important information every bank account holder needs to know about cheque payments rule – Positive Pay System. The pay system will come into effective from 1st January…