Indian Overseas Bank to refrain from the minimum balance for savings accounts

Indian Offen of Bank (IOB) Headquarters on Annai Salai in Chennai. Pohoto: The Raban Sr / The Hinddu Cliss | Photocredit: Rainty Raghts Indian Overseas Bank (IOB), established in Chennai, has announced a distance of distance from criminal costs for non-maintenance of minimum average balance (MAB) in its savings account (SB-Public), in force from 1 […]

Veefin solutions to combine with his 2 subsidiaries, Globetf Solutions and Estorifi Solutions

Veefin Solutions has decided to combine his subsidiaries Globetf Solutions and Estorifi solutions to strengthen the board, to coordinate interests with minority shareholders and to improve the value of investors. The board of directors of the company has approved a regulation of regulation and merger in which its subsidiaries, Globetf Solutions and Estorifi solutions have […]

RBI will draw up a weighted AVG call speed at REPO speed by ensuring an optimal system liquidity: revised LMF

In order to reduce the uncertainty in the market about the tenor, quantum and timing of the repo/reverse repo activities, RBI said that it will sufficiently inform the market participants The Reserve Bank of India (RBI) will try to tailor the weighted average call rate (WACR) to the policy repet rate by ensuring an optimal […]

RBI announces “payment structure” for banks to reduce the stock of non -quoted deposits

All non -operative accounts at banks and non -required deposits transferred to the DEA fund that remain restless, fall under the scheme The RBI has announced a “payment structure” for banks to encourage them to actively pursue customers/ savers to re-activate their non-effect. This is also aimed at returning their non -required amounts that lie […]