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Hyderabad: In view of an increasing number of bank account hacking cases resulting in huge financial losses, the Hyderabad City Police along with the Reserve Bank of India conducted a meeting with representatives of banks here on Thursday. About 51 urban cooperative banks and other banks participated in the meeting, wherein the police briefed them […]
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Hyderabad: He lived on the pavement in the big city of Hyderabad, while far away in his home in Piduguralla of Guntur, the gold and silver he stored was worth Rs.1.3 crore. M. Ambedkar, alias Raju alias Rajesh, a 50-year-old native of Guntur who has over 50 burglary cases registered against him, was into the […]
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Hyderabad: The total deposits in banks in Telangana touched Rs 6.03 lakh crore as of December 31, 2021. The advances grew by Rs 25,889 crores (or about 3.81 per cent) during the December quarter to touch Rs 7.06 lakh crore. The credit-deposit ration increased from 110.1 per cent to 117 per cent as of December […]
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New Delhi: The banks will observe a nationwide strike on Monday (March 28) and Tuesday (March 29) to protest against the Banking Laws (Amendment) Bill, 2021, and oppose the privatisation of public sector banks. The decision to go on a strike was taken by a joint forum of central trade unions. The All India Bank […]
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Hyderabad: Banks across all public and private sectors will be closed in some parts of the country for up to four days this week. This is according to a list prepared by India’s central bank RBI. The Reserve Bank of India has issued a list of holidays for the year 2022 in its annual list. […]
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New Delhi: A dangerous Android banking malware that steals victim’s credentials and SMS messages has been downloaded thousands of times via Google Play Store, researchers have warned. Called ‘TeaBot,’ it is an Android banking trojan that first emerged at the beginning of 2021 designed for stealing victim’s text messages. Initially, TeaBot has been distributed through […]
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Hyderabad: March is when a lot of financial dealings are done, and March this year could spell trouble if those transactions are not well planned in advance, what with banks to remain closed for 13 days. Out of the 13 holidays, seven are as per the calendar of the Reserve Bank of India, and the […]
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Mumbai: Reserve Bank of India (RBI) on Wednesday said banks will be allowed to infuse capital in their overseas branches as well as repatriate profits without seeking its prior approval, subject to fulfilling of certain regulatory capital requirements. At present, banks incorporated in India can infuse capital in their overseas branches and subsidiaries, retain profits […]
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By Dr K Srinivasa Rao The recent roll-out of two sets of directions by the Reserve Bank of India, Transfer of Loan Exposures and Securitization of Standard Assets, are set to galvanise the credit flow in the financial sector, more so in the banking system. The new avenues permitting secondary sale of bank loans can […]
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Hyderabad: With the festival holiday preceding the second Saturday and Sunday, banks will be closed for three days on a trot from September 10 to 12. It will be prudent to plan your banking transactions keeping this in view. “There is no major deviance in the number of working days for the banks in Hyderabad. […]
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With quick loans, borrowers can improve their revenue streams to service future loans, prevent NPAs and raise deposits
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Bank counters and customer service points will work normally by following Covid guidelines
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The Bank of India has sent messages to its eligible customers to submit their willingness to debt recast online.
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The waiver of compound interest on all loan accounts which opted for moratorium during March-August 2020 may put stress on banks' financial health.
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Globally, the US market on Thursday closed slightly higher after consecutive few days of correction in the market.
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Bank branches to adhere to the timings of four hours i.e., from 8 am to 12 noon for rendering essential services such as cash deposit, withdrawals, remittances, clearing of cheques and government business
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The insurer aims to provide seamless customer experience round the clock to its customers and therefore has been investing in upgrading the entire technology landscape
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However, branches of private sector lenders like ICICI Bank, HDFC Bank and Axis Bank are open as they are not part of the strike.
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For the banks that got merged, - account number, IFSC, MICR code, branch address, cheque-book, passbooks will also undergo a change to represent the new entity.
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Infusion will be made in the next few days, the sources said, adding the biggest beneficiary of this round of capital infusion would be the banks that are under the prompt corrective action