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banking

News Reports

India Post delivers Rs 1,000 crore in cash to account holders, 23 lakh new bank accounts created during the lockdown

OpIndia Staff -
Nearly Rs 1,051 crore have been delivered by India Post in as many as 59 lakh transactions during the lockdown period
Government and Policy

Banks allowed to defer EMIs by 3 months, cut in repo rate, liquidity injection of Rs 3.74 lakh crores: Highlights of the RBI Governor’s...

OpIndia Staff -
The most important notification put out by the RBI on Friday was that a three-month moratorium has been announced on payment of instalments of loans outstanding on March 1, 2020.
Economy and Finance

Economic growth may have slowed down but there is no recession, there never will be: FM Nirmala Sitharaman

OpIndia Staff -
FM Nirmala Sitharaman was speaking at the Short Duration Discussion on Indian economy in the Rajya Sabha
News Reports

PMC Bank scam: Another PMC bank depositor dies of heart attack, second death within a day

OpIndia Staff -
Punjabi's death comes just a day after another depositor named Sanjay Gulati had died of a heart attack in Mumbai after being unable to withdraw his life savings of Rs 90 lakh from the bank. 
Opinions

Has the time arrived for privatisation of public sector banks?

Nithesh S -
India needs to rethink public ownership of banks according to the chief economic advisor
Opinions

India’s informal Hundi market and how it has suffered a blow post demonetisation

Chinmay 'Bharadwaj' -
The Modi government also needs to ensure banking reforms to reduce dependency on this sector
Politics

Haraam or Halaal: Zakir Naik’s ready reckoner

Nirwa Mehta -
A guide for the celebs, especially cricketers, who are regularly discovering something not allowed in Islam.
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