Proposed changes in deposit insurance are set to reshape how banks contribute to the system that protects its depositors. With the Deposit Insurance and Credit Guarantee Corporation (DICGC) introducing a new risk-based premium framework...
From the first of May, the Reserve Bank of India (RBI) has permitted the banks, an increase in the charges for ATM transactions above a free limit. The free limit is 5 transactions in...
The banking sector has definitely come a long way since nationalisation, we still are many miles behind in our target of achieving a fully inclusive banking system. Do we have a banking system where...
The Ministry of Finance announced yesterday that, no public sector bank has increased the bank charges and will not do so in view of the COVID pandemic. The announcement came after strong backlash to Bank of...
There are several factors which play an important role in determining the relationship between banks and their customers. One of the most important amongst them is what services banks provide and how they deliver...
On 24th March, 2020, the Prime Minister of India has declared the nationwide lockdown due to global widespread of Covid 19. As a result, the entire businesses, works, and economy have shut down leading to...
Banks act as financial intermediaries between depositors and borrowers. It is the public money, deposited in the form of term deposit (fixed deposits) and time deposit (saving accounts) which banks use for lending to...
Financial Accountability Network India (FAN India) welcomes the announcement of State Bank of India (SBI) to waive the penalty for not maintaining Average Minimum Balance and for SMS service.In 2017, SBI imposed penalty on...
The massive bank charges introduced in past few years have greatly affected the financial state of marginalised working class. This was better understood when the team of FanIndia has talked to some people of...
The Indian banking sector is under a prolonged and severe crisis. Bad loans continue to grow and banks remain under-capitalized with profits in the red. As a result, credit growth remains muted, reinforcing the...
рднрд╛рд░рддреАрдп рдмреИрдВрдХрд┐рдВрдЧ рдХреНрд╖реЗрддреНрд░ рдПрдХ рд▓рдВрдмреЗ рдФрд░ рдЧрдВрднреАрд░ рд╕рдВрдХрдЯ рдХреЗ рджреМрд░ рд╕реЗ рдЧреБрдЬрд░ рд░рд╣рд╛ рд╣реИред рдмреБрд░реЗ рдЛрдг рдмреЭ рд░рд╣реЗ рд╣реИрдВ рдФрд░ рдмреИрдВрдХ рдШрдЯрддреЗ рдореБрдирд╛рдлреЗ рдХреЗ рд╕рд╛рде рдХрдо-рдкреВрдВрдЬреАрдХреГрдд рд╣реЛ рд░рд╣реЗ рд╣реИрдВред рдирддреАрдЬрддрди, рд╕рд╛рдЦ рд╡реГрджреНрдзрд┐ рдердо рд╕реА...
рдмреИрдВрдХ рд▓реЛрдХ рдХрд▓реНрдпрд╛рдг рд╕реЗ рднрдЯрдХ рдХрд░ рд╡реНрдпрд╛рд╡рд╕рд╛рдпрд┐рдХ рдХрд▓реНрдпрд╛рдг рдХреЗ рдорд╛рд░реНрдЧ рдкрд░ рдЪрд▓реЗ рдЧрдП рд╣реИрдВ, рдЙрдиреНрд╣реЛрдВрдиреЗ рд▓реЛрдЧреЛрдВ рдХреА рд╕реЗрд╡рд╛ рдХрд░рдиреЗ рдХреЗ рдмрдЬрд╛рдП рдЙрдирдХрд╛ рд╢реЛрд╖рдг рдХрд░рдирд╛ рд╢реБрд░реВ рдХрд░ рджрд┐рдпрд╛ рд╣реИ, рд╡реЗ рдХреЙрд░реНрдкреЛрд░реЗрдЯ рдХреЛ рджрд┐рдпреЗ рдЛрдгреЛрдВ рд╕реЗ...
All the banks, especially the public sector banks have a moral obligation and social responsibility of promoting financial inclusion and social welfare. The banks run on the deposits and when a bank sinks, depositors...
The savings of people deposited in banks form the capital of banks which banks lend to borrowers. Banks earn interest on the loans issued to borrowers. The cost of operating expenses including salaries comes from this...
The primary objective of nationalization of banks was to reach out to each and every last person of our society. The purpose was to provide credit facilities to poor and marginalized sections and free...
