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Basic Savings Bank Deposit

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Demonetisation: Opposition deposits ire in Rajya Sabha

Launching a scathing attack on Prime Minister Narendra Modi, Opposition parties on Wednesday alleged that selective leak of information on demonetisation of 500 and 1000 rupee notes to......

Not Savarkar, give Bharat Ratna to Godse: Cong leader

The Congress took potshots at the Bharatiya Janata Party for its demand to confer the Bharat Ratna on Hindutva ideologue V D Savarkar and sought to know by the saffron outfit is not seeking......

11 schemes that may have won Modi the 2019 election

Syed Firdaus Ashraf/Rediff.com lists 11 Modi flagship schemes that may have been gamechangers in the Lok Sabha election. IMAGE: Prime Minister Narendra Damodardas Modi with Bharatiya Janata Party......

BRICS bank: A giant step towards reforming the world system

The announcement of the formation of the BRICS bank will have as much an impact about how the non-G7 countries manage their economies and their foreign reserves, as it does on the intellectual......

Sitharaman Orders Banks to Return Unclaimed Citizens' Money

Given that a sizeable part of this money is part of the coveted current accounts and savings accounts, it is surprising that banks are not in a hurry to revive these accounts, notes Tamal......

Govt urges banks to close inoperative Jan Dhan accounts

State-owned banks have received guidance from the government to close Jan Dhan accounts whose beneficiaries are unwilling to keep them active, amid rising instances of such accounts being misused......

No penalty if minimum balance not kept in dormant bank account

The Reserve Bank on Tuesday asked banks not to levy penalties on customers who don't maintain a minimum balance in any inoperative account as part of a consumer protection initiative. "It is......

Jan Dhan account deposits cross Rs 1 lakh cr

Deposits in bank accounts opened under Jan Dhan scheme, launched about five years ago by the Modi-government, have crossed the Rs 1 lakh crore mark. As per the latest finance ministry data, the......

Just half of Indians have a savings bank account

The new CRISIL Inclusix index on financial inclusion says that the bottom 50 districts have just three banks per 100,000 of population India’s lack of financial inclusion is well known but......

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