RBI rejects possibility of loan: On Wednesday, Reserve Bank of India told Supreme Court that extension of loan moratorium was not possible and would lead to downfall in nation’s economic growth. RBI submitted its statement in response to the plea filed in the apex court by various industry bodies including Association of Power Producers, Confederation ...

Amid the national lockdown, declared to curtain the spread of corona virus, Indian banks suggested their customers to opt for mobile or internet banking over cash. The shutdown has resulted in lesser staff. The move helps in preventing the unnecessary crowding of branches. The banks are offering digital schemes in the wake of pandemic to ...

India is a country with a dense population in which 63.4 percent of the population live in the rural areas and only 36.6 percent of the population belong to the urban regions according to the data given by the Global Digital Insights. So, the economy and the poverty of these populations determine the nation’s future ...

A shocking bank fraud recently came to light in Chhattisgarh. Scammers set up a fake branch of the SBI to trick people out of their money. This elaborate scam included fake job appointments, bogus training sessions, and a fully furnished fake bank that appeared real to unsuspecting locals. In the village of Chhapora, Raipur, six ...