Banking News

Credit Card & eWallets Transaction are Now Added in Form 26 AS

Income tax department has introduced a new format for Income Tax Form 26AS - As per the new format all the transactions including Stocks, Shares, Credit Cards, eWallets like PayTm, Ola Money, Phonepe etc. Mutual funds sale and purchase and much more a…

Depositors Association (AIBDA) Demands to Freeze the Deposit Rates

The All India Bank Depositors Association (AIBDA) has demanded to freeze the Deposit rates to pre COVID levels. AIBDA fears that depositors would be most severely hit if borrowers get waiver of interest during the Covid-19 lock-down-related moratoriu…

DFS Ask Banks to Defer Perquisites, 20% Reduction on Yearly Basis

DFS Ask Banks to reduce the staff expenses including any further hike on establishments - the Department of Financial Services (DFS) has asked banks to follow “economy measures” in their spends  depend on the core business activities.  Public Sector …

Public Sector Banks are Part Of Strategic Sector For Privatisation

Public Sector Banks are on the verge of Privatization under Atmanirbhar Bharat strategic and non-strategic economic package - Chief Economic Adviser Krishnamurthy Subramanian has indicated that few of the Public Sector Banks may be privatized in comin…

Discussion on Privatization of Listed Public Sector Banks

It is reported by a leading newspaper that Government is seriously discussing on the privatization of the listed Public Sector Banks. The list of Public Sector Banks includes Punjab & Sind Bank, Bank of Maharashtra and Indian Overseas Bank, which…

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