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Saturday, July 11, 2020

BANK OF INDIA

Instances of cloned ATM cards in Delhi; affected customers to get refund: SBI

NEW DELHI: State Bank of India (SBI) on Tuesday said instances of use of cloned ATM cards have been reported from the national capital and refund will be processed for the affected customers. All suspicious transactions should be reported to the home branch, the lender said. "Cases of using cloned #ATMCards have been reported in…

SBI not offering any emergency loan scheme

NEW DELHI: Refuting reports of an emergency loan scheme, State Bank of India (SBI) on Sunday clarified that the bank is not offering any such scheme but is in the process to provide relief to the salaried customers of SBI through YONO. Earlier it was reported that under the emergency loan scheme, the SBI users…

Opting for EMI moratorium? Be ready to pay more

Representational photo.MUMBAI: It is not just three equated monthly instalments (EMIs) that will get added to your home loan repayments if you choose to go in for a moratorium. Asking borrowers to defer EMIs only if they have no cash, banks have said that interest for the three months would get compounded if not repaid…

Banks yet to act on EMI relief, spark confusion

Representational photo. MUMBAI: With just two days left for the next EMI cycle to begin, most big lenders are unprepared to follow the Reserve Bank of India’s blanket order allowing borrowers to hold back from paying instalments for the month. Top lenders such as State Bank of India, HDFC Bank, ICICI Bank, Kotak Bank and…

No minimum balance required in savings accounts: SBI

NEW DELHI: The State Bank of India (SBI) on Wednesday cut interest on savings bank accounts to 3 per cent and also waived minimum balance requirement, as it set the trend of lowering interest rates in the banking sector. The country's largest lender has 44.51 crore savings bank (SB) accounts. More banks are likely to…

SBI cuts fixed deposit, lending rates

MUMBAI: The country's largest lender State Bank of India (SBI) on Wednesday said it has reduced its fixed deposit rates for certain tenors and marginal cost of funds-based lending rates (MCLR) across various tenors. Making it a second reduction in a month, the public sector bank has reduced retail term deposits (less than Rs 2…

Yes Bank customers can now pay credit card, loans payments from other accounts

NEW DELHI: Yes Bank customers can now make credit card and loan payments from other bank accounts by using Immediate Mobile Payment Service (IMPS) or National Electronic Funds Transfer (NEFT) services, the troubled private lender said. Yes Bank shared a tweet from its official handle and wrote: "Inward IMPS/NEFT services have now been enabled. You…

Yes Bank withdrawals cap could end by this weekend

MUMBAI: Yes Bank’s resolution is likely to happen as early as this weekend, according to Reserve Bank of India-appointed administrator Prashant Kumar. The bank’s administrator has made it clear that availability of funds is not an issue at all and full services will be restored when the moratorium is lifted. Speaking to TOI, Kumar said…

PhonePe, BharatPe in talks with multiple banks to support UPI

BENGALURU/MUMBAI: After burning the midnight oil to migrate Yes Bank consumer IDs and merchant payments on the Unified Payments Interface (UPI) to ICICI Bank, both PhonePe and BharatPe (one of the largest merchant payments apps) said they restored operations fully over the weekend. These include peer-to-peer and merchant payments via UPI. Following the Yes Bank…

Billionaire Hinduja brothers preparing bid for Jet Airways

NEW DELHI: The Hinduja Group is preparing a bid to buy grounded carrier Jet Airways India Ltd, according to people familiar with the matter. The UK-based group, run by brothers Gopichand Hinduja and Ashok Hinduja, plans to submit an expression of interest by the January 15 deadline, signaling its intent to make a formal offer,…

Latest News

Coronavirus in Illinois updates: 1,317 new known COVID-19 infections reported as state’s daily case count tops 1K for second day in a row

Officials also reported 25 additional fatalities, bringing the death toll since the start of the pandemic to 7,144. The city has restricted alcohol sales in restaurants and bars, requiring them to stop serving at 11 p.m., with stores that sell alcohol for offsite consumption required to end sales at 9 p.m. Here’s what’s happening Friday…

Covid-19 news: UK government missed coronavirus testing target

By Clare Wilson , Jessica Hamzelou , Adam Vaughan , Conrad Quilty-Harper and Layal Liverpool A laboratory analyst working on a vaccine for the coronavirusIsopix/ShutterstockLatest coronavirus news as of 5 pm on 10 July UK has opted out of advance purchase of coronavirus vaccine candidates with the EU The UK government has decided not to…