The Reserve Bank of India (RBI) governor, Mr. D.Subbarao on recently said the current Banking Regulation Act does not permit Islamic banking & that the central government will have to bring in a new law if it wants to introduce it in India. The governor Mr. D.Subbarao sa…
RBI Rule : MICR, IFSC Code Must on Passbook, A/C statement
The RBI (Reserve Bank) has made it mandatory for all banks to print the MICR and IFSE code on the passbook and statement of account of the customers.
RBI said in a statement, “Now the MICR code is available on the cheque leaf along with the IFSC code of the branch. On a …
New Saving Account With No Cheque Book, No ATM Card, No Debit Card, No Passbook..!
b2 is the next step in the evolution of banking by India's largest private bank ICICI BANK. It's a savings account, where everything is done online. As everything is available online, we have trimmed services you rarely use & compensated you with a few addition…
Tamilnad Mercantile Bank : Launched Mobile Banking
The Reserve Bank of India (RBI) on recently indicated that it would like to bring in a system under which a credit card holder is not liable for transactions done fraudulently using his card. Zero Liability Policy..!
Speaking at a the launch of the mobile banking facilities…
Reserve Bank : Never asks for Your Bank Account Details
It has come to the notice of India's Central bank RBI (Reserve Bank of India) that mail has been sent in its name “inviting bank customers to update their bank account details against online phishing”.
RBI Never asks for Your Bank Account Details
The Reserve Bank has c…
ICICI Bank: Online Flexible RD..!
India's private sector banking major ICICI Bank on recently launched iWish , an online RD ( recurring deposit) product targetted primarily at young depositors. The bank's savings account holders can book this variable RD by logging on to their Internet banking account…
Indian Banks Will Need Rs. 5 lakh Cr Capital by March 2018
The union government on recently said Indian banks will require Rs. 5 lakh crore of capital by March, 2018. The broad level estimates of Reserve Bank of India (RBI), based on data obtained from banks, suggest that by March 31, 2018 the total regulatory capital requirements o…
Entire process flow in Cheque Truncation System - CTS..!
In Cheque Truncation System (CTS ), the presenting bank (or / its branch) captures the data (on the MICR band) and the images of a cheque using their Capture System (comprising of a scanner, core banking or / other application) which is internal to them, and have to meet the…
Best ways Make A Change Mid-Career..!
With better opportunities & entrepreneurial avenues opening up, the
number of people wanting to break away from their existing careers has also
been on the incline. Ms. Shreya Roy talks to experts to find out how to take
the leap of faith and make a mid-life career cha…
Get Health Insurance Coverage for Entire Family..
by Mr.Manasije Mishra , Max Bupa Health Insurance Co.
Ltd.
There are a few economic parameters whose growth rate could beat the
general inflation rate in our country India. Healthcare cost inflation,
unfortunately, has this dubious distinction.
Estimates for the increase in…
