#Banking

.Frankfurt, Germany
Experts say eurozone banks are sitting on billions of euros they intend to pay out to shareholders. (Photo Credit: Unsplash)

  • Eurozone lenders "should remain prudent when deciding on dividends and share buy-backs": ECB
  • The ECB had imposed a cap on banks' rewards to shareholders in March 2020
  • The bank has taken action to help the 19-nation currency club through the pandemic

.New Delhi, Delhi, India
RBI has barred Mastercard from taking on new customers. (Photo Credit: Representational/Unsplash))

  • RBI has restricted Mastercard from taking on new domestic customers
  • Similar restrictions have been issued on American Express and Diners Club
  • The restrictions will not impact current users of these cards

.New Delhi, Delhi, India
RBI has allowed retail investors to invest in government securities (Photo credit: Representational/Unsplash)

  • Retail investors can now maintain RDG accounts with the RBI
  • Government securities are debt instruments of the government. They are practically risk-free
  • Retail investors are allowed to trade with a minimum investment of Rs10,000

The Centre is likely to take a decision on government employees and pensioner's DA and DR on June 26. (Photo credit: Representative image/Unsplash)

  • After DA restoration, the DA will go up to 28% so the monthly DA will increase by 11%, an official said
  • Employees need to check their basic salary as per the 7th CPC salary matrix while calculating their salaries pensions post-DA restoration
  • The Centre has said that the arrears in DA and DR of central government employees and pensioners will start from July 1

.San Francisco, CA, USA
Wells Fargo is shutting down all existing personal lines of credit in the coming weeks, a CNBC report said. (AFP File Photo)

  • Wells Fargo will no longer offer the consumer lending product anymore, a report said
  • Wells Fargo customers have been given a 60-day notice, after which their accounts will be shuttered
  • Wells Fargo said that the account closures might impact customers' credit scores

.New Delhi, Delhi, India
RBI released a circular on Friday suggesting changes in rules for Fixed Deposits. (Photo Credit: Representational/Unsplash)

  • The new rules state that if an FD if unclaimed after its maturity, the customer will have to bear loss in terms of interest in savings
  • RBI said customers are still eligible for earning interest after a Term Deposit matures
  • Till now, unclaimed deposits used to draw an interest rate similar to savings deposits

The Centre will reportedly hold a meeting on June 26 to discuss about the pending dearness allowance arrears (DA) of central government employees.

.New York, NY, USA
Employees are already coming to office at the bank’s headquarters at 1585 Broadway in Times Square, New York City. (Photo Credit: Representational Image/@MorganStanley)

  • Unvaccinated employees will be asked to work remotely
  • The company had already implemented its 'vaccine only' policy in some departments
  • 90% have already received their shots, said CEO James Gorman

.New York, NY, USA
Employees are already coming to office at the bank’s headquarters at 1585 Broadway in Times Square, New York City. (Photo Credit: Representational Image/@MorganStanley)

  • CEO James Gorman said more New York employees should return to office as life is getting back to normal
  • "If you can go to a restaurant in New York City, you can come into the office," he said
  • Employees shouldn’t expect to receive their New York salaries if they work remotely, he said

New Delhi, Jun 15 (PTI) The Department for Promotion of Industry and Internal Trade (DPIIT) has issued a draft technical report of a working group which suggests revising wholesale price ...