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PM Jan Dhan Yojana completes 10 years: 2.31 lakh crore deposited, over 53 crore accounts opened out of which more than 66% are in...

ANI - 28 August, 2024

The Pradhan Mantri Jan Dhan Yojana (PMJDY) has today completed 10 years of implementation. Launched by PM Narendra Modi in 2014, it now has 53.13 crore accounts, with significant participation from women and rural areas

World

Brazil: Woman brings dead body of her uncle to bank and tries to make the corpse sign off on a loan

OpIndia Staff - 18 April, 2024

The woman in Brazil tried to control the dead man's head and make him clasp the pen with which to make the signature on loan document.

News Reports

RBI asks all agency banks dealing with govt transactions to remain open on 31 March Sunday on the union govt’s request

OpIndia Staff - 20 March, 2024

The Reserve Bank of India on 20 March advised all banks dealing with government transactions to open their branches on 31st March, Sunday.

News Reports

JP Morgan includes India in its global bond index, ‘FAR’ programme of the Modi govt facilitated the inclusion

OpIndia Staff - 22 September, 2023

Following the announcement of JP Morgan, it is now expected that India will be included in the global bond index of other banks as well.

News Reports

Loan documents must be released within 30 days of full repayment, ₹5,000 penalty per day for delay: RBI announces major benefit for borrowers

OpIndia Staff - 13 September, 2023

RBI stated that banks and NBFCs have to release documents of properties and collateral mandatorily within 30 days.

News Reports

Uday Kotak resigns as CEO and Managing Director of Kotak Mahindra Bank

OpIndia Staff - 2 September, 2023

As an interim measure, Dipak Gupta, the joint managing director, will assume the roles of MD and CEO until December 31, after obtaining the approval of the RBI and the bank's members.

News Reports

RBI Unveils UDGAM Portal to resolve the issue of unclaimed bank deposits, read how such deposits can be traced easily

Gopal Tiwari - 18 August, 2023

Anyone can access the UDGAM portal to search for bank details, it only needs a phone number and some basic details like PAN, AADHAAR etc

News Reports

“Startups should opt Indian banks as their preferred partners”: Union minister Rajeev Chandrasekhar amid crisis in foreign banks

ANI - 17 March, 2023

Union minister Rajeev Chandrasekhar has said that startups should opt Indian banks as their preferred partners

World

‘Those who invested in failed Silicon Valley Bank and Signature Bank won’t be protected. They knowingly took the risk’: US President Joe Biden

OpIndia Staff - 13 March, 2023

"They knowingly took a risk and when the risk didn’t pay off, investors lose their money. That’s how capitalism works,” said Joe Biden.

News Reports

China: Video of tanks on the streets go viral amid protests by people demanding their money blocked in a massive bank scam

OpIndia Staff - 21 July, 2022

While thousands of people are protesting in China demanding their deposits blocked by banks, tanks appeared on the streets

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