Category: Banking Current Affairs

Current affairs related to banking to prepare well for bank exams. This is the best site for banking current affairs for exams conducted by banks like SBI and IBPS such as IBPS RRB, CWE Clerk, RRB PO, Probationary officers, CWE Specialist officers, Management Trainees and all other sections .

ICICI Bank launches online overdraft facility for MSME customers

ICICI bank has launched a new instant online overdraft facility ‘InstaOD‘ for its MSME (Micro, Small and Medium Enterprises) customers in most easy and convenient way. This new facility is completely paperless and customers need not to visit bank branches. The upper limit for ICICI overdraft facility is Rs. 15 lakh for a one year […]

SBI Reduces non-maintenance Charges of minimum balance

SBI Reduces Non-maintenance Charges: State Bank of India (SBI) has made reduction in its charges for not maintaining minimum balance in accounts. The bank reduced it to 75%. The new rule will be applicable from April 1, 2018. SBI reduced Non-maintenance Charges details: For Urban and Metro Areas: In metro and urban areas non-maintenance of […]

SBI hikes key one-year lending rate to 8.15%; PNB, ICICI Also

India’s largest public sector bank State Bank of India (SBI) has increased one-year marginal cost of funds based lending rate (MCLR). As per the hike SBI new MCLR is 8.15 per cent which is 20 basis points more as compared to earlier 7.95 per cent. SBI new rate will be applicable from immediate effect. Now […]

RBI To banks: Accept coins of all denominations from public

Reserve Bank of India (RBI) has asked banks to accept coins of all denominations from people as not doing so will result in penal action. Despite of the early advisory send by RBI to All banks, people were still complaining that bank branches are not accepting coins. As per the Apex bank refusal to accept […]

RBI to set up Separate ombudsman for NBFCs

Reserve Bank of India (RBI) has made an announcement to set up ombudsman for NBFCs to address customer grievances in non-banking finance companies. The rules regarding this will be made by the end of February this month. RBI will first start the facility with NBFCs that take deposits and will soon increase the coverage by […]

RBI announced sixth Bi-Monthly Monetary Policy Statement for FY 2017-18

RBI has announced its Sixth Bi-Monthly Monetary Policy Statement for FY 2017-18. This time most of the things have been remained unchanged. Please have a look blow of all rates: Policy Repo Rate(PRR): Earlier it was 6% since since August,2, 2017 and this time also there is no change in Police Repo Rate by RBI. […]

Current Affair Today © 2018