Banking Services News

In 2014, the Indian government initiated a revolutionary step towards financial inclusion with the launch of the Pradhan Mantri Jan Dhan Yojana (PMJDY). Geared towards providing basic financial services to all citizens, the scheme has made strides in enhancing financial literacy ...

In a significant move, the Reserve Bank of India (RBI) has directed Paytm Payments Bank (PPBL) to cease accepting deposits and top-ups in customer accounts, wallets, FASTTags, and other instruments from March 1, 2024, due to persistent non-compliances and supervisory concerns....

Banking services continued to remain affected for the second day on Tuesday as part of the two-day strike call given by various central trade unions. Operations in public and private sector banks were affected in Tamil Nadu, according to ...

The department of financial services (DFS) has issued an advisory to banks to keep all banking channels open and ensure branches and business correspondents function throughout the lockdown period, according to an Economic Times report. To ensure that people do not ...

It is yet another level of banking services rendered by banks to its priority customers. The customers are however classified as priority customers on the basis of different parameters by different banks. Certain banks include customers with deposits over 1lac as ...