NEW DELHI: The Finance Ministry on Friday said that the central government plans to accumulate Rs 20,000 crores by introducing the ‘Sovereign Green Bonds‘ in the second half (Oct-Mar) of the financial year 2025.The ministry in a press release informed the government’s plans to complete the borrowing for the second half of FY 25 through…
MUMBAI: Public sector banks have collected Rs 8,495 crore over five years from depositors who did not have enough money in their savings accounts by way of fines for not maintaining minimum balance. This works out to an average of Rs 1,699 crore a year and is more than what govt has budgeted for incentivising…
Read More “Min balance fines fetch PSBs Rs 8.5k crore in 5 years – Times of India” »
New Delhi: In a significant move to enhance the work-life balance for banking professionals, India’s banking sector, through the Indian Banks Association (IBA), has put forth a proposal to declare all Saturdays as banking holidays. The union finance ministry confirmed this proposal in Parliament, shedding light on the potential shift from the current two Saturdays off…
Read More “Banks Will Open Five Days In A Week? Check What Banking Association Has Demanded” »
