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FCNR deposit in demand: $1,277 extra interest on $10,000 investment by NRIs after RBI's latest move?FCNR interest rates: The Indian government will now cover hedging costs for fresh 3 to 5-year FCNR(B) deposits until September 30, 2026. Th...- The safe keepers: Inside India's booming locker economyIndia’s locker economy is booming amid rising gold prices and household wealth. While banks remain the preferred repository, private vault ...
- Indian banks activate BCPs, shift West Asia staff to India amid Iran-US conflictIndian banks are taking steps to ensure the safety of their staff in West Asia. Some banks have already moved operations to India to manage...
- ICICI Bank enables facial recognition, fingerprint authentication services for UPI transactions up to Rs 5,000: How to activate service on iMobile AppICICI Bank now allows users to authorize UPI payments up to Rs 5,000 using fingerprint or face recognition on its iMobile app. This feature...
- FCNR FD interest rates: SBI vs PNB vs HDFC Bank vs ICICI Bank - which gives you best rates; eligibility and taxation on interest explainedFCNR interest remains exempt from tax as long as the depositor qualifies as an NRI or resident but RNOR under Section 10(15)(iv)(fa) of the...
- Angel One shares rise 15% in just one week! Should investors buy after Q4 results?Angel One shares saw a slight uptick, recovering from a prior dip and showing a significant rally over the past week. The company reported ...
- PNB officers' union flags large-scale transfers of Scale IV officers, seeks reviewThe All India Punjab National Bank Officers' Association has written to the bank's managing director. They are requesting reconsideration o...
- Punjab National Bank signs pact with SAIL to offer loansPNB and SAIL signed a concessional loan MoU on Thursday to improve SAIL employees' financial well-being and expand PNB's customer base. Att...
- Banks in talks to offer 5-day work week, 15% wage hikeGovernment-owned and established private-sector banks are currently in discussions to grant their employees an approximately 15% salary inc...
- PNB raises Rs 500 crore through share sale to employeesSo far no other bank has been able to achieve 90% ratio under ESPS.
- Fraud-hit PNB revamps credit approval processPNB has decided to honour all LoUs and foreign letters of credit (FLCs) when they come up for maturity. The bank had issued around 1,590 Lo...
- PNB fraud: Bank likely to slap civil case on staff linked to Nirav ModiPNB is considering initiating legal proceedings against errant employees to recover any money that they would have made illegally and parke...
- Nirav scam: PNB to pay lenders, but with a riderPNB will issue a letter to banks that they would be liable to make good the payment if the findings prove that there was malafide intent on...
- India is said to plan asking PNB to pay banks for jeweller fraudBanks including Allahabad Bank, Axis Bank and UCO Bank were hit after the jewelers colluded with a rogue PNB employee to obtain fraudulent ...
- CBI arrests 3 more PNB officials, seals bank’s Brady House branchTewari was arrested along with Yashwant Joshi, Scale II Manager (Forex department) and and Praful Sawant, Scale I officer (Export).
- UCO Bank, Allahabad Bank crash up to 11% on PNB exposure disclosureShares of UCO Bank fell 11.3 % to Rs 25.20 while Allahabad Bank fell 6.75% to Rs 51.05.
- PNB fraud: How two rogue employees and a famed jeweller pulled off India's biggest bank scamIn raising funds and moving money out of PNB, two employees directly used SWIFT and bypassed the CBS which processes daily banking transact...
- ED team raids Nirav Modi's showroom, office in MumbaiNirav Modi is the alleged key beneficiary of PNB's Rs 11,400 crore scam.
- 65% employees cite financial security as top concern: StudySixty five per cent of employees surveyed across all sectors have cited financial security as their top concern in the case of premature de...
- Punjab National Bank approves 1:5 share splitState-owned Punjab National Bank has approved sub-division of one equity share into five with the aim to increase liquidity of scrip.
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