Bank employee unions demand 5-day working week, says COVID threat is haunting bankers

The Indian Banks' Association in January rejected the proposal for a five-day working week but offered a 19 percent pay hike to employees

RBI imposes Rs 4 crore penalty on Citibank

According to the RBI, this action is based on deficiencies in regulatory compliance

In March, RBI had allowed a three-month moratorium on payment of all term loans due between 1 March, 2020 and 31 May, 2020

During the quarter, standalone profit also came down by 10% to Rs 1,267 crore as compared to Rs 1,408 crore in the same period a year ago

They are opening contests and offering discounts on bill payments in addition to cautioning cutomers about phishing over social media.

SBI has been offering home loan and few other loans including personal loan against property and reverse mortgage since October last year

The open source software, Mojaloop, first established by Gates Foundation in 2017, is being tweaked for those outside the banking system.

RBI allowed banks and financial institutions to offer a moratorium of three months on payment of instalments of all term loans

The dismissal of the High Court appeal last month marked a major turning point for the CBI and ED case against the businessman

The governor appreciated the efforts of banks in ensuring normal to near normal operations during the lockdown period