Bank Deposits

The Karnataka government has paused its order suspending all transactions with the Central government-run State Bank of India (SBI) and Punjab National Bank (PNB) just three days after it was issued.

India's Deposit Insurance and Credit Guarantee Corporation (DICGC) has extended coverage to 1,997 banks comprising 140 commercial banks and 1,857 cooperative banks.

Finance Minister Nirmala Sitharaman called on lenders to focus on their core business and explore new ways to attract deposits, as household savings increasingly shift toward investment products.

About 2.08 per cent or Rs 7,409 crore of the withdrawn Rs 2,000 banknotes have not yet been returned to the RBI, about ten months after the deadline to deposit or exchange them at bank branches were over.

Deposits are still the most preferred instrument of saving in India although market-based instruments are gaining share, said an article published in the Reserve Bank's July Bulletin.

PGIMER Chandigarh Faculty Recruitment: The last date to generate the challan for fee deposit is July 10, with the final date for depositing the application fee in the bank being July 12.

Bank and demat account deposits apart from cash worth about Rs 37 crore has been seized by the Enforcement Directorate (ED) as part of a money laundering probe against a Mumbai-based financial consultant and his company.

Unclaimed deposits with banks have witnessed a 26 per cent jump year on year to Rs 78,213 crore at the end of March 2024, as per the RBI Annual Report released today.

An otherwise silent General Post Office in Bengaluru is witnessing an unprecedented rush of women hurrying to open India Post Payment Bank accounts, anticipating a monthly deposit of Rs 8,500 into their accounts if the INDIA bloc comes to power.

A top US banking regulator offered his resignation Monday after an independent report found evidence of widespread sexual misconduct and a "patriarchal" culture at the agency he leads.

A video of Congress leader Rahul Gandhi addressing a rally has been shared online claiming that he promised to deposit one lakh rupees per month in the bank accounts of economically weaker women in India.

A 52-year-old man who consumed poison recently after a cooperative bank here allegedly refused to return his deposit has died, the police said here on Thursday.

A 25-year-old woman with no cash in hand and a bank deposit of only Rs 20,625 is contesting the Lok Sabha elections from Odisha's Koraput Lok Sabha seat, according to her affidavit.

In a major decision, the Reserve Bank said today that it will soon facilitate cash deposit facility in banks through use of the popular UPI, an instant real-time payment system for inter-bank transactions through mobile phones.

Cash, bank deposits and land worth Rs 17.82 crore belonging to the family members of "gangster" Surender Singh alias Chiku have been attached as part of a money laundering investigation against the Lawrence Bishnoi gang.

The Karnataka government has paused its order suspending all transactions with the Central government-run State Bank of India (SBI) and Punjab National Bank (PNB) just three days after it was issued.

India's Deposit Insurance and Credit Guarantee Corporation (DICGC) has extended coverage to 1,997 banks comprising 140 commercial banks and 1,857 cooperative banks.

Finance Minister Nirmala Sitharaman called on lenders to focus on their core business and explore new ways to attract deposits, as household savings increasingly shift toward investment products.

About 2.08 per cent or Rs 7,409 crore of the withdrawn Rs 2,000 banknotes have not yet been returned to the RBI, about ten months after the deadline to deposit or exchange them at bank branches were over.

Deposits are still the most preferred instrument of saving in India although market-based instruments are gaining share, said an article published in the Reserve Bank's July Bulletin.

PGIMER Chandigarh Faculty Recruitment: The last date to generate the challan for fee deposit is July 10, with the final date for depositing the application fee in the bank being July 12.

Bank and demat account deposits apart from cash worth about Rs 37 crore has been seized by the Enforcement Directorate (ED) as part of a money laundering probe against a Mumbai-based financial consultant and his company.

Unclaimed deposits with banks have witnessed a 26 per cent jump year on year to Rs 78,213 crore at the end of March 2024, as per the RBI Annual Report released today.

An otherwise silent General Post Office in Bengaluru is witnessing an unprecedented rush of women hurrying to open India Post Payment Bank accounts, anticipating a monthly deposit of Rs 8,500 into their accounts if the INDIA bloc comes to power.

A top US banking regulator offered his resignation Monday after an independent report found evidence of widespread sexual misconduct and a "patriarchal" culture at the agency he leads.

A video of Congress leader Rahul Gandhi addressing a rally has been shared online claiming that he promised to deposit one lakh rupees per month in the bank accounts of economically weaker women in India.

A 52-year-old man who consumed poison recently after a cooperative bank here allegedly refused to return his deposit has died, the police said here on Thursday.

A 25-year-old woman with no cash in hand and a bank deposit of only Rs 20,625 is contesting the Lok Sabha elections from Odisha's Koraput Lok Sabha seat, according to her affidavit.

In a major decision, the Reserve Bank said today that it will soon facilitate cash deposit facility in banks through use of the popular UPI, an instant real-time payment system for inter-bank transactions through mobile phones.

Cash, bank deposits and land worth Rs 17.82 crore belonging to the family members of "gangster" Surender Singh alias Chiku have been attached as part of a money laundering investigation against the Lawrence Bishnoi gang.