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After two years of declining returns, a key question troubling Indian savers and pensioners is – are deposit rates going up anytime soon? The answer is no. In fact, rising inflation could further eat into returns in the months ahead. As of this past February, a one-year term deposit fetched an average 5.20 per cent […]
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Banks and payment gateways are seeking additional time to comply with the RBI directive on automatic recurring payment
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You can open a basic savings account in a public sector or a private lender – deposit, withdraw or transfer money free of cost
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While the reason behind the issue was not known immediately, the bank was looking into it
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The RBI is slated to announce its first bi-monthly monetary policy of the 2021-22 fiscal on April 7, 2021 after a three-day meeting of the MPC headed by RBI Governor Shaktikanta Das
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Regulator sets March 31 deadline for full compliance by companies "to avoid any disruption in the communication with customers"
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Technology is transforming the way banking is done and bankers need to internalise this, says K V Kamath
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Tata Motors has signed an MoU with State Bank of India which enables customers to avail loans in a hassle-free manner
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Shaktikanta Das said upgradation of IT infrastructure and improving customer services together with cybersecurity measures are other key issues that also need attention from the banks
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Deposit, withdrawal, cheque clearance, loan approvals and pensioners to be hit during this period