Close extra bank accounts

Three or four accounts are enough for one family. Having more increases paperwork and can be misused as well. It’s a problem that most salaried people face. When shifting jobs or cities, the......

Markets end flat; SBI gains over 2% as banking stocks rally

Nifty saw the biggest weekly gain since the first week of September and comfortably maintained its crucial 8250 levels in today's session Benchmark indices settled on a flat note tracking mixed......

RBI slaps Rs 27-cr penalty on 13 banks for FEMA violations

The RBI also looked into the effectiveness of systems and processes for implementation of KYC norms In a major crackdown for FEMA violations and KYC lapses, the RBI has imposed Rs 27-crore (Rs 270......

FIIs reduce stakes in banks in Jul-Sep quarter

Concerns over inflation, hardening interest rates and asset quality have prompted FIIs to cut exposure in banking stocks such as ICICI Bank, HDFC Bank and SBI in the July-September quarter, say......