#Banks

.New Delhi, Delhi, India
New banking rules will be applicable from August 1. (Photo Credit: Representational Image/Pixabay)

  • ATM cash withdrawal fee increased from Rs 15 to Rs 17
  • IPPB's customers, who use doorstep services, will have to pay additional charges
  • NACH transactions now available on all days of the week

MUMBAI, India, July 19, 2021 /PRNewswire/ --Accura Scan, a B2B solution provider, is aiming to support the baking, financial and telecom sectors with its recently launched ID Forgery Detection ...

(Adding detail) Kolkata, Jun 28 (PTI) The West Bengal government on Monday extended the COVID-related restrictions till July 15, announcing certain relaxations, including allowing offices, ...

.Washington D.C., DC, USA
The 23 banks that took part in the annual trials gauging whether they could maintain capital requirements in hypothetical economic crises all passed.(Photo credit: Pixabay)

  • The nation's largest banks have sufficient capital to lend to households and businesses
  • The Federal Reserve had run three stress tests last year
  • The results clear the way for restrictions on dividends & share buybacks 

.New Delhi, Delhi, India
The PPF scheme offers tax deduction under Section 80C of the Income Tax Act

  • PPF is a savings scheme offered by the India Post, controlled by the Ministry of Communications
  • An individual needs to make a minimum deposit of Rs 500 in a financial year
  • The maximum deposit is capped at Rs 1.5 lakh 

.New Delhi, Delhi, India
RBI has imposed a penalty of Rs 10 crore on HDFC Bank. (Photo Credit: Twitter/@ANI)

  • The HDFC Bank was fined over deficiencies in regulatory compliances with regard to its auto loan portfolio
  • A whistleblower had filed a complaint regarding the irregularities
  • The RBI's order imposing the fine was issued on May 27

BENGALURU, India, May 20, 2021 /PRNewswire/ -- To serve customers in the new normal times, State Bank of India launches a full power YONO Savings Account that can be opened instantly with Video ...

.Washington D.C., DC, USA
The salary hike for employees will take place by 2025. (Representative Image: Unsplash)

  • Bank of America will require US vendors to pay employees at least $15 an hour
  • In March 2020, the giant US bank lifted its minimum wage to $20 an hour
  • The announcement is the latest to lift wages amid a tightening labour market

Reserve Bank of India will remain closed for 12 days in the month of May. (Photo Credit-ANI)

Let’s take a look at bank holidays in the month of May

.Hyderabad, Telangana, India
Srinagar: Citizens wait to enter a bank during COVID-induced lockdown in Srinagar, Wednesday, May 5, 2021. (PTI Photo)(PTI05_05_2021_000126B)

  • Telangana has imposed a lockdown in the state from Wednesday, May 12 starting from 6 am to 10 a.m for the period of 10 days
  • Banks, which fall under the ‘essential’ category, will operate with half of the staff strength
  • . Banks will also ensure alternate delivery channels, when needed