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The Reserve Bank on Tuesday said it has imposed a penalty or Rs 12.19 crore on ICICI Bank and Rs 3.95 crore on Kotak Mahindra Bank for non-compliance of certain regulatory norms.
Axis Bank has given a big jolt to depositors at the start of the nine-day festival of Navaratri! The private lender has reduced fixed deposit interest rates.
A savings or current account is considered dormant or inoperative when there have been no transactions through that account for more than 24 months, i.e., 2 years.
The Reserve Bank of India on Friday said it has imposed penalties on Union Bank of India, RBL Bank, and Bajaj Finance Ltd for non-compliance of regulatory norms.
Most people only fill in details and sign when opening an account. They consider reading the form’s terms and conditions a hassle.
Small finance banks are faced with a regulatory requirement to complete five years of business as a small finance bank before they can seek a change in status.
Bank of Baroda has reduced interest rate on 'Baroda Tiranga Plus Deposit Scheme' of 399 days to 7.15 per cent.
Currently, Punjab and Sind Bank is giving the highest interest rate on fixed deposits to both general and senior citizens as compared to other public lenders.
Yes Bank's big jolt to depositors ahead of the festive season! The private lender has reduced fixed deposit interest rates.
IndusInd Bank will give 7.85 per cent RoI on fixed deposits of 1 year 6 months to below 1 year 7 months.