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CASH DEPOSITS ABOVE Rs. 10 LAKH OR MORE

Now the Government has come out one more requirement.  It has advised banks to inform deposits made in any account which totals upto Rs 10 lakh in a year, let apart, they should also submit the details of cash payments of Rs 1 lakh or more on credit card bills.   It was on January 17

CASH DEPOSITS ABOVE Rs. 10 LAKH OR MORE

Now the Government has come out one more requirement.  It has advised banks to inform deposits made in any account which totals upto Rs 10 lakh in a year, let apart, they should also submit the details of cash payments of Rs 1 lakh or more on credit card bills.   It was on January 17

PARLIAMENTARY STANDING COMMITTEE MEETING ON DEMONETIZATION

It is learnt that RBI has replaced around 60 per cent of the old demonetized currency notes, as per revelations by the RBI Governor before the Parliamentary Standing Committee. The currency value was said to be Rs. 9.2 lakh crores,  the questions viz the money deposited in banks after demonetization and the time by which

PARLIAMENTARY STANDING COMMITTEE MEETING ON DEMONETIZATION

It is learnt that RBI has replaced around 60 per cent of the old demonetized currency notes, as per revelations by the RBI Governor before the Parliamentary Standing Committee. The currency value was said to be Rs. 9.2 lakh crores,  the questions viz the money deposited in banks after demonetization and the time by which

VIJAY MALLYA CASE : INITIATION OF ORDERS TO RECOVER Rs. 6203 CRORES

A fresh reprimand came by way of Debt Recovery Tribunal (DRT) which passed an order by allowing the consortium of bankers led by State Bank of India to recover their debt of Rs 6,203 crore  from the businessman who has defaulted payment to banks. Mallya who has moved to UK is on the run and

VIJAY MALLYA CASE : INITIATION OF ORDERS TO RECOVER Rs. 6203 CRORES

A fresh reprimand came by way of Debt Recovery Tribunal (DRT) which passed an order by allowing the consortium of bankers led by State Bank of India to recover their debt of Rs 6,203 crore  from the businessman who has defaulted payment to banks. Mallya who has moved to UK is on the run and

LATEST BANKING NEWS

(1) TCS bets on Digital Banking for Growth:   The largest software exporter Tata Consultancy Services, has come out with their latest quarter results with a profit of 11.2 per cent, from the previous year quarter, which stood at Rs. 6,778 crores.  The main contribution for the growth was through digital services.  The Company’s CEO

LATEST BANKING NEWS

(1) TCS bets on Digital Banking for Growth:   The largest software exporter Tata Consultancy Services, has come out with their latest quarter results with a profit of 11.2 per cent, from the previous year quarter, which stood at Rs. 6,778 crores.  The main contribution for the growth was through digital services.  The Company’s CEO

PAYTM PAYMENTS BANK – WALLET USERS TO BE BENEFITTED

Rumours were mounting that users of Mobile wallet Paytm will not be able to use their mobile wallets after 15th January 2017.  The rumors were floated after Paytm Payments Bank was launched, which had the requirement of migrating the mobile wallets to the bank by OIne97 Communications.  Paytm has around 180 million registered users. It is

PAYTM PAYMENTS BANK – WALLET USERS TO BE BENEFITTED

Rumours were mounting that users of Mobile wallet Paytm will not be able to use their mobile wallets after 15th January 2017.  The rumors were floated after Paytm Payments Bank was launched, which had the requirement of migrating the mobile wallets to the bank by OIne97 Communications.  Paytm has around 180 million registered users. It is