Banks general
Private banks to charge Rs150 per cash transactions after four per month
02 Mar 2017
Banks will levy a service tax in addition to the Rs150 transaction fee, besides a fee of Rs5 per Rs1,000, and restrict cash transactions at Rs2 lakh per account per month
PSU banking services hit by strike
28 Feb 2017
PSU bank employees to strike work tomorrow
27 Feb 2017
Most of the banks, including SBI, PNB and BoB, have already informed their customers that functioning of branches and offices will be impacted if the strike takes place
Axis Bank, 2 other firms under probe for Aadhar misuse
25 Feb 2017
For the first time, three firms, including Axis Bank, are being probed for allegedly attempting unauthorised authentication and impersonation by using stored Aadhaar biometrics
SBI, associate banks merger to start on 1 April
24 Feb 2017
The merger of all the five associate banks will raise SBI’s combined asset base to over Rs3,200,000 crore and place it among world’s top 50 banks
Banks told to switch to Aadhaar Pay by end-March
23 Feb 2017
Economic advisor backs `bad bank’ proposal to tackle NPAs
22 Feb 2017
Critics, however, say the bad bank will only shift the burden of recovery from the bank and will not help reduce bad loans
A sixth of all PSU bank loans stressed: RBI Dy governor
22 Feb 2017
For banks in the worst shape, the share of assets under stress has approached or exceeded 20 per cent, he said, adding that this estimate of stressed assets has doubled from 2013
Savings account holders can withdraw up to Rs50,000 a week now
20 Feb 2017
Starting today, savings accounts holders will be able to withdraw cash up to Rs50,000 per week, though the ATM withdrawal limit of Rs10,000 will stay
Featured articles
Lighter than air, yet very, very powerful
By Kiron Kasbekar | 03 Jan 2024
In March 2013 Chinese scientists pulled off a remarkable feat. They created the world’s lightest aerogel. Tipping the scales at a mere 0.16 milligrams per cubic centimeter – that’s a sixth of the weight of air!
COP28 explained: A closer look at COP28's climate change solutions
By Aniket Gupta | 27 Dec 2023
The 28th United Nations Climate Change Conference, also known as COP28, took place from 30th November 2023, to 13th December 2023, at Expo City in Dubai, United Arab Emirates.
What is a Ponzi scheme?
By Aniket Gupta | 06 Dec 2023
Ponzi schemes have long captivated the public imagination, drawing unsuspecting investors into a web of illusion and deception.
The Rise and Rise of HDFC Bank
03 Jul 2023
HDFC, which surged ahead of global majors like HSBC Holdings Plc and Citigroup Inc and left Indian peers like State Bank of India and ICICI Bank in market capitalisation, now ranks fourth largest among the world’s most valuable banks, after JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd and Bank of America Corp
India’s Millet Revolution To Enrich Global Food Basket
02 Apr 2023
Millets, a healthier and cheaper substitute to wheat and rice, are indigenous to many parts of the world, especially in the semiarid tropics of Asia and Africa, and offers a big scope for expanding production and consumption in the foodgrain deficient African continent
Market predator Hindenburg preys on Adani stock
06 Mar 2023
Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation
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