Banks Companies Indian Subcontinent Industries Market

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…

Banks DMK Education Voice

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…

Banks BJP Indian Subcontinent Life Style Market

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…

Australia & New Zealand Banks Companies Cricket Industries Protest

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…

Banks Indian Subcontinent Market Opinion Protest

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…

Banks Industries Voice

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…

Banks Companies Gadgets Industries Technology

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…

Banks Companies Gadgets Indian Subcontinent Industries Technology

With 2 Crores limited accounts to start WhatsApp Pay soon to emerge as giant

Almost three years after being launched in a beta testing stage, NPCI has finally allowed WhatsApp to start payments with an initial limit of 20 million users.   The National Payments Corporation of India (NPCI), India’s flagship payments processor that operates the Unified Payments Infrastructure, on November 5 allowed WhatsApp   Payments to go live Read More…

Banks Indian Subcontinent Voice

LVB Promoter asks why and what for Rs 2000 Cr LVB been offered free of cost to DBS

On 18, 2020 Shares of Lakshmi Vilas Bank (LVB) plunged as much as 20 per cent lower circuit on Wednesday after the Reserve Bank of India (RBI) imposed a 30-day moratorium on the cash-strapped lender   However, depositors need not worry as their deposits will be transferred to DBS and would be fully secured according Read More…

Banks Companies Market South India

Lakshmi Vilas Bank Collapses put under moratorium upsets account holders

The government and the Reserve Bank of India (RBI) on Tuesday put Lakshmi Vilas Bank under a moratorium that capped customer withdrawals at Rs 25,000 till December 16 after “serious deterioration” in the lender’s finances.   The limit is on a per customer basis, and not on a per account basis.   That means even Read More…