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Gives room to those who can visit multiple banks under the same ID or with diff ID's to exchange their old notes

The Union Finance Ministry reviewed the position regarding availability and distribution of all denomination of bank notes. Some of the highlights of the review and the decisions taken are as follows

India's foreign exchange reserves declined by $56.8 million to $362.73 billion in the week to February 17, on account of dip in foreign currency assets (FC

The State Bank of India on Saturday said that it has no plans to hike lending rates immediately, and would wait for further signals from the Reserve Bank to arrive at any decision.

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The merger of weak state-owned banks will be useful if the strategic vision is driven by synergy and create value for both the banks.

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The Reserve Bank of India on Friday said that it has decided to make the National Electronic Funds Transfer (NEFT) system available on a round-the-clock basis to promote digital transactions. Starting December 16, NEFT system will be available 24x7 for all days of the year, including holidays.

Since the past few years, quick personal loans have experienced a leap and have become the most preferred choice of the middle-income group in India. Getting a personal loan is no more an elaborate affair as it has met the diverse needs of many people during a financial crunch. According to RBI, roughly 95% of incremental non-food credit in 2017-2018 was accounted for by personal loans. Getting a personal loan is easier than ever, with the emergence of NBFCs and private lenders blanketing the lending market.

Since the past few years, personal loans have experienced a leap and have become the most preferred choice of the middle-income group in India. Getting a personal loan is no more an elaborate affair as it has met the diverse needs of many people during a financial crunch.

The Indian banking industry which was dominated by public banks saw the rise of private banks post liberalization. The Indian banking industry today has become a behemoth is the driving force of the Indian economy. The Indian banking family is 12 public banks, 21 private sector banks, 44 foreign banks and 12 Small Finance banks long which is regulated by the apex bank of India- Reserve Bank of India (RBI).