The Centre has agreed in the Supreme Court to waive compound interest (interest on interest) charged on loans of up to Rs 2 crores for a six-month moratorium period announced due to the COVID-19 pandemic in a relief to individual borrowers and medium and small industries. Daily Current Affairs ...

The National Bank for Agriculture and Rural Development (Nabard) has introduced a dedicated debt and credit guarantee product to ensure unhindered flow of credit in rural areas hit by the COVID-19 pandemic. Daily Current Affairs Quiz 2020  Key-Points It is a dedicated debt and credit ...

HDFC Bank has launched a 1st-of–its-kind product for the armed forces. Called ‘Shaurya KGC Card’, this product comes with never-seen-before features and eligibility criteria specially crafted for over 45 lakh Indian armed forces personnel. Daily Current Affairs Quiz 2020 Key-points A ...

Sashidhar Jagdishan has named as the new chief executive officer of HDFC Bank Ltd., India’s largest private lender. The Reserve Bank of India has approved Jagdishan’s candidature from a list of three potential chief executives suggested by the board of the private lender, according to the private ...

SBI Card and Indian Railway Catering and Tourism Corporation Ltd (IRCTC) has launched the IRCTC SBI Card on RuPay platform. Designed to reward frequent railway travellers, the card offers travellers on Indian railways maximum savings proposition on their travel, together with superior benefits on ...

The Banks will not charge a part of the fees on Unified Payments Interface (UPI) and RuPay card transactions as long as the merchant discount rate (MDR) remains zero following the government announcement. NPCI to removes multiple charges like interchange fees, payments service provider (PSP) fee, ...

HDFC Bank has launched myApps application to boost digital payments in India. This is a unique customised suite of banking products to benefit urban local bodies, housing societies, local clubs and gymkhanas and religious institutions. In a first, HDFC bank is helping organisations to entirely ...

The Reserve Bank of India (RBI) has penalised State Bank of India and Union Bank of India for violating certain regulatory guidelines. The penalty has been imposed on the bank for non-compliance of income recognition and asset classification (IRAC) norms, code of conduct for opening and operating ...

Yes Bank Ltd shares dropped over 6% in early trade after the lender informed the exchanges that it has acquired 9.47% stake in Eveready Industries by invoking pledged shares. Yes Bank stock fell as much as 6.2% to Rs 90.20 in intraday trade. Meanwhile, Eveready Industries shares jumped over 3% ...

Reserve Bank of India (RBI) on Thursday appointed ex-executive director RBI A.K Misra as Additional Director on the Board of Directors (BOD) of the Jammu and Kashmir Bank Limited. His appointment shall be for a period of two years with effect from July 3, 2019 to July 2, 2021 or till further ...