Category Archives: Bank news

Understanding The Punjab National Bank Scam

The Punjab National Bank fraud, which came to light on February 14, has rattled an already troubled Indian public sector banking community. Here’s what happened.

What Is The FRDI Bill And The Bail-In Clause?

We’ll tell you in simple terms what the FRDI Bill and the bail-in clause are. Once you understand this, you’ll be able to decide on the best way to distribute your investments and whether or not you should rework your financial portfolio.

RBI’s New Relaxed Rules For Opening Bank Accounts!

You just need a single document to open a bank account. Curious? Read on to know how the RBI has introduced KYC norms that make it easier to open an account.

The FRDI Bill: What Does It Mean For You?

Recently, the Financial Resolution and Deposit Insurance (FRDI) Bill, 2017 has been causing much uproar among the public for its controversial clauses. We’ll decode what this bill means for you.

Bank Account Wrongly Charged? Here’s What You Can Do!

Due to the significant increase in banking fraud, RBI has now issued new rules to make electronic transactions safer for customers. Read on to know more.

MCLR Lending Rates Make Home Loans Cheap: Here Is What This Means For You

Banks are offering lower floating rates on Home Loans under MCLR post demonetisation. Switching your loan to MCLR may be a good idea. Read on to know more.

What Is Marginal Cost Of Funds Based Lending Rate?

In April 2016 the Reserve Bank of India introduced the Marginal Cost of Funds based Lending Rate (MCLR) calculation for setting the interest rate on loans. Here’s a quick read to refresh your understanding of it.