Banking News

Should you accept the RBI's 3 Months EMI Moratorium ?

RBI's clarification on deferring the EMI payments by 3 months  : -  What kind of lenders can issue the moratorium? All lending institutions like Public Sector Banks, Private banks, Regional rural bank, Small finance bank and Local area …

15% wage hike will just add ₹1,100 to PSB's Bankers Salary

11th BPS Updates - A 15% wage hike for public sector bank employees will only result in a ₹1,100 increase in actual salary.  This is also to remember that the most of the increase in basic pay is what employees’ are already receiving as a part …

Banks are advised not to follow CIBIL Rating while lending

It seems government banks are going to face some toughest challenge in coming days especially in case of loans and lending.  The Finance Minister has advised bank not to follow the rating agencies score i.e. CIBIL etc while taking the credit dec…

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