Lucknow | From Thursday until May 15, banks in Uttar Pradesh will be open for customers for only four hours on working days. The banks will be open from 10 a.m. to 2 p.m. A decision to this effect was taken in view of the surge in Covid cases at a meeting of the State Level […]
Tag: Bank
Sanitisation of ATMs to be major focus for banks
New Delhi: As lockdown restrictions are set to ease, banks and ATMs are expected to draw a large number of people, requiring bank administrations to emphasise on sanitisation of ATMs and e-lobbies. The Indian Banks’ Association (IBA) in a detailed standard operating procedure (SOP) document has asked banks to disinfect ATMs completely with the use […]
It is no more Yes Bank, it is No Bank now: Depositors
Chennai: With its automatic teller machines (ATM) not operational and withdrawals from other bank ATMs blocked, account holders of Yes Bank are waiting at the branches with tense faces here. The branch officials though explaining with patience to the customers that the non performing assets (NPA) has put the Yes Bank in financial difficulties, the […]
No clarity from banks on paying salary dues: Jet CEO
New Delhi: Hinting that Jet Airways employees are unlikely to receive their salary dues till the stake sale process is completed, Vinay Dube, the CEO of crisis-struck Jet Airways, on Friday told airline employees that the lenders have so far provided no clarity on releasing emergency funds required to meet salary dues. In a letter […]
Bank mergers: No miracles will happen: AIBEA
Chennai : Miracles do not happen by merger of banks but result in higher bad loans as it has happened in the case of State Bank of India (SBI), said a leader of the All India Bank Employees Association (AIBEA). Opposing the central government’s decision to merge Bank of Baroda, Dena Bank and Vijaya Bank, […]
Small savings: PPF, NSC rates cut to 7.6%, for KVPs to 7.3%
New Delhi, Dec 28 (IANS) In a move expected to coax banks to lower their deposit rates, the government has reduced the interest rates on small saving schemes, including National Savings Certificates (NSCs), Public Provident Fund (PPF) and Kisan Vikas Patra (KVP), by 0.2 percentage point for the fourth quarter of the fiscal (January-March). The PPF […]