Cheques will now be cleared in a single day !
According to the new guidelines issued by the Reserve Bank of India (RBI), all banks are now required to clear cheques within one business day.
‘Banking’ sector provides the easiest way to turn black money into white
Karnal Singh said that if someone has earned black money through crime, he plans to turn it white, he takes a loan from a bank, starts a business and invests black money in it through fake payments.
Indians’ money in Swiss banks increased 3 times in a year
Indian customers in Swiss banks increased by only 11 percent in 2024 to 346 million Swiss francs, or ₹36,750 crore. This figure is just one-tenth of the total deposits, which is ₹37,600 crore.
Tamil Nadu Govt Melts 1000 kg Gold offered in 21 Temples and Deposits it in Banks
After gold, the State Government is now planning to melt silver items, which are not used by the temples, into pure silver bricks.
Trump suspends tariff hike for 90 days
The US Secretary of the Treasury Scott Bessent said that countries willing to negotiate with the US will face reduced import tariffs of up to 10%.
PNB scam main accused Mehul Choksi in Belgium
Mehul Choksi , 65, is a fugitive Indian businessman and the owner of Gitanjali Group, a retail jewellery firm in India.
3 types of accounts being closed as per the new Reserve Bank rules
Accounts that consistently maintain a zero balance for an extended period are labelled as zero balance accounts.
Reserve Bank issues 2 numbers to stop fraud in the name of bank calls
Banks are now required to use telephone numbers starting from 1600 for all transaction-related calls. Similarly, 2 different numbers have been provided for promotional calls and short messages.
Bank of China’s former Chairman to be executed on corruption charges
While corruption among politicians and administrative officials remains a persistent issue in India, the lack of stringent actions, such as those seen in cases like Liu Liange’s in China, highlights a significant gap in accountability.
HDFC and Axis banks fined Rs 2 crore 91 lakh
In a statement released by the RBI on September 10, it was said that the provisions of the ‘Banking Regulation Act’ have been violated by both these banks.