The Exim Bank has started the new year on a high note raising $1 billion through a dollar-bond sale to international investors, offering just 2.25 per cent for the ten-year money, setting a new low in pricing. The Exim Bank, with a substantially dollarised balance sheet, is one of the largest domestic issuers of long-term Read More…
BJP becomes the biggest beneficiary in the SBI electoral bonds worth Rs 6,492.7 crore
Over the past three years, State Bank of India (SBI), the official channel for selling these instruments, has sold EBs worth Rs 6,492.68 crore in 14 phases, shows an analysis by Commodore Lokesh Batra (retd). Commodore Batra says, “During 2018 to 2020, SBI sold 12,773 electoral bonds, of which 12,632 bonds worth Rs 6,472.43 crore Read More…
Mobile loan apps cheating fraud gangsters arrested by Police
At least 27 cases have been registered following at least three suicides over a month. But, the Central Crime Branch police have registered one case based on a complaint by one Ganesan of Vengaivasal and four more similar complaints have been forwarded to CCB from Adyar police districts. Each district might have registered cases separately, Read More…
Indian banks written off Rs 2,38,000 Crores in 2020 : RBI
India’s financial sector should brace for challenging times ahead with an increased risk of deterioration in asset quality and lower demand for loans, the Reserve Bank of India (RBI) warns in a report on Tuesday. The RBI report also said Indian banks had written-off loans worth 2.38 trillion rupees ($32.46 billion) in the financial Read More…
SBI Arakkonam branch inhuman act against students and farmers create furore
Arakkonam branch of SBI has named and shamed the students who have taken education loans and the farmer borrowers by an act that been condemned by many .. Arakkonam branch of SBI put outside the branch premises photos of students who have taken education loans and farmers and also put up with a question Read More…
Minimum balance 500Rs in Post office else pay 100 Rs fine + GST
The Post Office Savings Account is an important component of personal finance for many Low income earning individuals. It is sort of a deposit scheme offered by the post offices all across India. Like any bank account, it provides a fixed rate of interest on the balance kept in the account. However Some recent changes Read More…
SBI’s 1BillionUS$ for Adani coal mine “STOP LOAN ” protest inside Australia takes new turn
Cricket is India’s most loved game, and as millions of Indian taxpayers watch the match today, Two Australians used the 1 ODI match where India lost to Australia . The growing public sentiment against Adani Group chairman Gautam Adani in Australia came to the fore at Sydney Cricket Ground, where the first ODI Read More…
One day Flash All india Strike stoped Rs 18000 Crores worth transaction : Trade Union
Banking operations across the country were affected on Thursday with about 4.5 lakh bank employees joining the nationwide strike called by the central trade unions, said a top official of the All India Bank Employees’ Association (AIBEA). He also said about 20 lakh cheques worth about Rs 18,000 crore could not be sent for Read More…
RBI , Modi Government pushed unprecedented “Free of Cost” deal to DBS laments Investors and Promoter of LVB
The Reserve Bank of India (RBI) took control of LVB on November 15 due to a ‘serious deterioration’ in its finances and temporarily capped withdrawals Then the promoter opposed unilateral merger of LVB with DSB . But Inspite of objection Modi led BJP government on Wednesday approved the merger of Lakshmi Vilas Bank (LVB) Read More…
Whatsapp Pay method to install and send payment Explained
Using whatsapp app sending money through WhatsApp will be as easy as sending messages to any person in contact claim its creators To make this feature available in India, the Facebook backed messenger company closely worked with the National Payments Corporation of India (NPCI) and uses the most popular (in India) Unified Payment Interface Read More…