In a bid to further improve the cash position of banks, the Reserve Bank of India (RBI) has recently tweaked Liquidity Coverage Ratio (LCR) norms to provide an additional 2% window to lenders. The move will harmonise the liquidity requirements of banks and release additional money for lending. The LCR indicates the proportion of highly ..
Bank: GK, Current Affairs, Questions, Trivia and News
Since 2010, around a third of the scottish banks have been closed. This raises concerns about people’s access to cash. An analysis found that 610 banks were closed between 2010 and 2018. Edinburgh has most of the banks closed, cutting the numbers from 135 to 30. With the rise in digital payments, cash is still ..
Pakistan will receive 2.1 billion US$ loan from China by 25th March to provide a boost to its ailing economy. Pakistan’s Finance Ministry has announced that all procedural formalities for the transfer of the loan being provided by the Chinese government have been completed, and the funds will be deposited in the State Bank of ..
State Bank of India has inked an agreement with Bank of China to intensify business interactions between both the lenders. Under this pact, both SBI and Bank of China will gain direct access to their respective markets of operation. It will also facilitate the clients of both the banks to access banking products and services ..
SBI launches doorstep banking service for senior citizens over 70 years of age and differently-abled customers
The State Bank of India (SBI) has launched doorstep banking service for senior citizens over 70 years of age, differently-abled customers and infirm customers, including visually-impaired customers. Eligible customers can avail this service at a nominal fee of Rs. 100 per transaction for financial transactions and Rs. 60 for non-financial transactions. The doorstep banking services ..
The BCG-IBA report titled ‘EASE Reforms for Public Sector Banks’ has measured the performance of each Public Sector Bank (PSB) on 140 objective metrics across six themes, including customer responsiveness, credit off-take, and digitization. As per report, the Punjab National Bank (PNB) with a score of 78.4 out of 100 has been ranked first in ..
On 2nd January 2019, the Union Cabinet approved the merger of Vijaya Bank and Dena Bank with Bank of Baroda (BoB). With the merger, BoB will become the third largest bank after State Bank of India and ICICI Bank. The move will help create a strong globally competitive bank with economies of scale and enable ..
On June 4, the Reserve Bank of India (RBI) has launched Financial Literacy Week (FLW-2018) across the country with Customer Protection as its main theme. The event will focus on creating awareness among customers of banks about financial products and services, good financial practices and going digital. It will give out four consumer protection messages ..