All India Bank Strike Postponed On 27th March 2020

All India Bank Strike Postponed On 27th March 2020
The All India bank strike on 27th March 2020 called by AIBEA & AIBOA to oppose the merger of 10 banks & proposed privatisation of IDBI Bank now postponed due to Corona Virus Pandemic. This News is Brought to You by SATiiTV.COM C H Venkatachalam, General Secretary , AIBEA, has said that the proposed strike has been postponed as they... Read More

Government Liabilities Increased To Rs 93.89 Lakh Crores at December-end

Government Liabilities Increased To Rs 93.89 Lakh Crores at December-end
Total liabilities of the Government increased to Rs 93.89 lakh Crore at the end of December 2019, up 3.2% as compared to the previous quarter, said Finance Ministry data today. This News is Brought to You by SATiiTV.COM The liabilities, including those under the public account, had stood at Rs 91,01,484 Crores at the end of September 2019. Public debt... Read More

Yes Bank Depositors’ Money is Absolutely Safe, Reserve Bank Stated

Yes Bank Depositors’ Money is Absolutely Safe, Reserve Bank Stated
Reserve Bank of India (RBI) Governor has stated that, Yes Bank depositors’ money is absolutely safe. Yes Bank moratorium ends today, to resume banking services. This News is Brought to You by SATiiTV.COM RBI Governor expressed confidence that the depositors of the bank will remain loyal even as he reiterated that the RBI will offer necessary liquidity support, if required.... Read More

YES Bank Moratorium To Be Lifted On 18 March 2020

YES Bank Moratorium To Be Lifted On 18 March 2020
The Government has notified the YES Bank Reconstruction Scheme and said the moratorium on the private lender will be lifted at 6 pm on 18 March. All transactions to start from 19th March 2020. This News is Brought to You by SATiiTV.COM Current administrator Prashant Kumar has been appointed as Managing Director & CEO. Former Non-Executive Chairman of Punjab National... Read More

State Bank of India Has Rationalised Interest Rate On Savings Accounts To 3% Per Year

State Bank of India Has Rationalised Interest Rate On Savings Accounts To 3% Per Year
The State Bank of India (SBI) decided to waive maintenance of Average Monthly Balance (AMB) for all SB accounts. This News is Brought to You by SATiiTV.COM The state-owned lender also slashed interest rate paid on SB account to 3% for all accounts irrespective of balance.  Currently, SBI customers need to maintain AMB of Rs 3,000, Rs 2,000 and Rs... Read More