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SBI Reduces Minimum Average Balance

The issue of maintenance of Monthly Average Balance (MAB), in Savings Account with State Bank of India, had become a big issue, with hue and cry across from public and other media.  Several representations and requests came from several quarters for a reduction in the bank’s MAB. Succumbing to the heavy pressure across, SBI has

SBI Reduces Minimum Average Balance

The issue of maintenance of Monthly Average Balance (MAB), in Savings Account with State Bank of India, had become a big issue, with hue and cry across from public and other media.  Several representations and requests came from several quarters for a reduction in the bank’s MAB. Succumbing to the heavy pressure across, SBI has

Rupee Vs. Dollar

This week began with a blow on Rupee value, which closed at 65.10.  This of course is a six month low against US Dollar.  What is the reason? There was heavy buying of US currency more so due to the concerns on macroeconomic front. After March 24, this is the weakest closing scenario for the

Rupee Vs. Dollar

This week began with a blow on Rupee value, which closed at 65.10.  This of course is a six month low against US Dollar.  What is the reason? There was heavy buying of US currency more so due to the concerns on macroeconomic front. After March 24, this is the weakest closing scenario for the

Banks To Host Aadhar Enrollment Centres

Directions have come from the Unique Identification Authority of India (UIDAI)  to the Private and public sector banks to ensure setting of Aadhar enrollment centres at least  at one out of ten branches in the coming weeks. Necessary amendments have been effected in the Aadhar regulations to accommodate this condition.   , Presently there are around

Banks To Host Aadhar Enrollment Centres

Directions have come from the Unique Identification Authority of India (UIDAI)  to the Private and public sector banks to ensure setting of Aadhar enrollment centres at least  at one out of ten branches in the coming weeks. Necessary amendments have been effected in the Aadhar regulations to accommodate this condition.   , Presently there are around

What Is Karma?

Karma is a tricky word to understand.  Read this story you will understand. A king was touring his kingdom on his elephant. Suddenly he stopped in front of a shop in the market and said to his minister, “I don’t know why, but I want to hang the owner of this shop.” The minister was

What Is Karma?

Karma is a tricky word to understand.  Read this story you will understand. A king was touring his kingdom on his elephant. Suddenly he stopped in front of a shop in the market and said to his minister, “I don’t know why, but I want to hang the owner of this shop.” The minister was

Consequences of Credit Card Defaults

Credit card default is a topic that no one wants to have to deal with. However, if you do not pay your credit card bills, eventually they are going to go into default. Here are some of the consequences that you should expect with credit card default. Negative Statements: If you start to miss some

Consequences of Credit Card Defaults

Credit card default is a topic that no one wants to have to deal with. However, if you do not pay your credit card bills, eventually they are going to go into default. Here are some of the consequences that you should expect with credit card default. Negative Statements: If you start to miss some