Rural Banking In India
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ICICI Bank Raises Minimum Balance For New Customers: What This Means
Savings account holders in metro and urban areas will now need to keep a higher minimum balance of Rs 50,000, up from Rs 10,000 earlier.
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ICICI Bank Raises Minimum Balance From Rs 10,000 To Rs 50,000 For New Customers
India's second largest lender ICICI Bank has raised the monthly minimum average balance requirement for all customer segments, effective August 1.
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Higher ATM Fees, Rural Bank Mergers: Here's What Will Change Starting May 1, 2025
The most prominent change remains the revised framework for ATM transaction charges, in addition to government pushing for the merger of rural banks.
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Employment In India Grown Faster Than Working-Age Population: World Bank
The report also highlighted a rise in self-employment, particularly among rural workers and women. A growing number of individuals are opting to work for themselves rather than taking on regular jobs.
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Economy Recovering From Slowdown Witnessed In 2nd Quarter: RBI Bulletin
The Indian economy is recovering from the slowdown in momentum witnessed in the September quarter, driven by strong festival activity and a sustained upswing in rural demand, according to a Reserve Bank of India (RBI) bulletin released on Tuesday.
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RBI Raises India's GDP Growth Projection To 7.2% For 2024-25
The Reserve Bank of India revised upwards the GDP growth projection for the current fiscal to 7.2 per cent from 7 per cent on rising private consumption and revival of demand in rural areas.
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Registrations for Circle Based officers At State Bank Of India To End Today
A minimum of two years experience is required as an officer in any Scheduled Commercial Bank or any Regional Rural Bank.
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Centre To Give Funds For Computerisation Of All State, UT Cooperatives
In a historic decision and for the first time, registrar of cooperatives of States and Union Territories (UTs) and Agriculture and Rural Development Banks (ARDBs) are being given funds by the Center for computerisation, Ministry of Cooperation said.
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UPI Daily Transactions Expected to Cross 1 Billion-Mark in Next 5 Years: Nirmala Sitharaman
The Unified Payments Interface-based transaction is expected to reach one billion per day in the next five years, stated Union Finance Minister Nirmala Sitharaman on Tuesday while addressing an event. She stated that the data released by NPCI shows that UPI reported 6.28 billion transactions worth Rs. 10.62 trillion (nearly Rs. 11,00,000 crore) in ...
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Poverty In India Declined 12.3 Percentage Points Between 2011-2019: World Bank Paper
Extreme poverty in India declined by 12.3 percentage points between 2011 and 2019, with rural areas doing better than urban centres, according to a working paper of the World Bank.
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Bihar Boys' Rs 900 Crore Surprise Not A First For This Rural Bank
Two children in a Bihar village recently became richer by nearly a thousand crore rupees, albeit momentarily, thanks to a technical glitch which was immediately rectified by the bank concerned.
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Assam Tea Workers To Be Included In Rural Job Guarantee Scheme
In a major decision that will benefit its largest vote bank, Assam's ruling BJP will include tea garden workers within MGNREGA to provide them with jobs in the winter.
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India's Digital IDs for Land Could Exclude Poor, Indigenous Communities, Experts Warn
The 14-digit Unique Land Parcel Identification Number (ULPIN) planned rolled out across the country by March 2022, could exclude rural and indigenous people who do not hold titles, and further marginalise those without internet access, experts said.
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Asian Development Bank To Provide $346 Million Loan For Power Supply Project In Rural Maharashtra
The Asian Development Bank (ADB) and the Government of India on Monday signed a USD 346 million loan pact to help provide efficient and reliable power supply to rural agriculture customers in Maharashtra.
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Striking UP Farmers Accuse Bank Of Siphoning Off Savings To Realise Loans
Farmers from different districts of the Bundelkhand region in Uttar Pradesh started an indefinite hunger strike at the district headquarters of a rural bank in Banda on Monday alleging fraud on part of the management.
-
ICICI Bank Raises Minimum Balance For New Customers: What This Means
Savings account holders in metro and urban areas will now need to keep a higher minimum balance of Rs 50,000, up from Rs 10,000 earlier.
-
ICICI Bank Raises Minimum Balance From Rs 10,000 To Rs 50,000 For New Customers
India's second largest lender ICICI Bank has raised the monthly minimum average balance requirement for all customer segments, effective August 1.
-
Higher ATM Fees, Rural Bank Mergers: Here's What Will Change Starting May 1, 2025
The most prominent change remains the revised framework for ATM transaction charges, in addition to government pushing for the merger of rural banks.
-
Employment In India Grown Faster Than Working-Age Population: World Bank
The report also highlighted a rise in self-employment, particularly among rural workers and women. A growing number of individuals are opting to work for themselves rather than taking on regular jobs.
-
Economy Recovering From Slowdown Witnessed In 2nd Quarter: RBI Bulletin
The Indian economy is recovering from the slowdown in momentum witnessed in the September quarter, driven by strong festival activity and a sustained upswing in rural demand, according to a Reserve Bank of India (RBI) bulletin released on Tuesday.
-
RBI Raises India's GDP Growth Projection To 7.2% For 2024-25
The Reserve Bank of India revised upwards the GDP growth projection for the current fiscal to 7.2 per cent from 7 per cent on rising private consumption and revival of demand in rural areas.
-
Registrations for Circle Based officers At State Bank Of India To End Today
A minimum of two years experience is required as an officer in any Scheduled Commercial Bank or any Regional Rural Bank.
-
Centre To Give Funds For Computerisation Of All State, UT Cooperatives
In a historic decision and for the first time, registrar of cooperatives of States and Union Territories (UTs) and Agriculture and Rural Development Banks (ARDBs) are being given funds by the Center for computerisation, Ministry of Cooperation said.
-
UPI Daily Transactions Expected to Cross 1 Billion-Mark in Next 5 Years: Nirmala Sitharaman
The Unified Payments Interface-based transaction is expected to reach one billion per day in the next five years, stated Union Finance Minister Nirmala Sitharaman on Tuesday while addressing an event. She stated that the data released by NPCI shows that UPI reported 6.28 billion transactions worth Rs. 10.62 trillion (nearly Rs. 11,00,000 crore) in ...
-
Poverty In India Declined 12.3 Percentage Points Between 2011-2019: World Bank Paper
Extreme poverty in India declined by 12.3 percentage points between 2011 and 2019, with rural areas doing better than urban centres, according to a working paper of the World Bank.
-
Bihar Boys' Rs 900 Crore Surprise Not A First For This Rural Bank
Two children in a Bihar village recently became richer by nearly a thousand crore rupees, albeit momentarily, thanks to a technical glitch which was immediately rectified by the bank concerned.
-
Assam Tea Workers To Be Included In Rural Job Guarantee Scheme
In a major decision that will benefit its largest vote bank, Assam's ruling BJP will include tea garden workers within MGNREGA to provide them with jobs in the winter.
-
India's Digital IDs for Land Could Exclude Poor, Indigenous Communities, Experts Warn
The 14-digit Unique Land Parcel Identification Number (ULPIN) planned rolled out across the country by March 2022, could exclude rural and indigenous people who do not hold titles, and further marginalise those without internet access, experts said.
-
Asian Development Bank To Provide $346 Million Loan For Power Supply Project In Rural Maharashtra
The Asian Development Bank (ADB) and the Government of India on Monday signed a USD 346 million loan pact to help provide efficient and reliable power supply to rural agriculture customers in Maharashtra.
-
Striking UP Farmers Accuse Bank Of Siphoning Off Savings To Realise Loans
Farmers from different districts of the Bundelkhand region in Uttar Pradesh started an indefinite hunger strike at the district headquarters of a rural bank in Banda on Monday alleging fraud on part of the management.
