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Explained: New RBI Bank Locker Rules
RBI has instructed all bank boards to frame an agreement for safe deposit lockers based on a model locker agreement to be framed by IBA
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PSU banks roll out performance-linked incentives to employees
With a view to inculcate a sense of competition and to reward the performance, the concept of Performance Linked Incentive (PLI) scheme was introduced
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Supreme Court order on interest waiver: PSU Banks may have to take Rs 2,000 crore hit
According to banking officials, initially, 60% of borrowers availed moratorium and gradually the percentage came down to 40% and even less as collecti
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Continuation of auto debit facility may expose customers to risk of frauds: Experts
In a sternly worded statement RBI has said failure to implement restrictions on auto debit beyond September will earn the banks strict supervisory act
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Auto-debit facility for your recurring transactions to stay till September 30
As per the new norms, banks will be required to inform customers in advance about recurring payment which is due and transaction would be carried out
