alexa
Indianmoney.com Missed Call Number

What is your Credit Score? Get FREE Credit Score in 1 Minute!

Get Start Now!
 
Home News Banca

Read more interesting news from around the globe with Indianmoney App

Google Play
 
News Image

Total Net Loss Of Public Sector Banks Topped Rs 87,000 Crore In FY18

Sunday, June 10, 2018, 6:43 PM

Public sector banks collectively suffered a net loss of Rs 87,357 crore in 2017-18, with PNB posting the highest loss of nearly Rs 12,283 crore. Of the 21 state-owned banks, only Indian Bank and Vijaya Bank reported profits during the financial year. All the 21 banks had together reported a net profit of Rs 473.72 crore in 2016-17.
News Image

Syndicate, OBC, Bank of India raise rate by up to 0.15%

Saturday, June 9, 2018, 9:25 AM

Joining peers, three state-owned lenders today announced raising interest rate in the range of 0.05-0.15 percent, to be effective next week. Bank of India has hiked the marginal cost based lending rate (MCLR) by 0.10 percent each for various tenors; the Oriental Bank of Commerce by 0.10-0.15 percent and Syndicate Bank effected a change of 0.05 percent for one-year tenor loan.
News Image

Free banking services not liable to GST

Sunday, June 3, 2018, 9:29 PM

Free services, like ATM withdrawals, provided by banks to customers will not attract GST, but late-payment charges on outstanding credit card bills and purchase of insurance-policies by NRIs will attract the levy. In a set of FAQs on applicability of GST on banking, insurance and stock brokers sectors, revenue department has clarified that transactions relating to securitisation, derivatives, future and forward contracts are exempt.

What is your Credit Score? Get FREE Credit Score in 1 Minute!

Get Start Now!
CIBIL Meter
Get It now!