There is neither move by banks for such a blanket removal of free services nor such thing is being contemplated, said Indian Banks’ Association
GN Bureau | January 11, 2018
The free services of public sector banks are not being discontinued, said a top official.
There were online reports that said all free services of public sector banks would be discontinued from January 20.
“No proposal by Banks to discontinue free services from 20th January. Pure Rumours. Pl Ignore , advises Indian Banking Association clarifying that rumours in section of social media are baseless and no such blanket removal,” tweeted Rajeev Kumar, secretary, department of financial services, ministry of finance.
The Indian Banks’ Association said: “There are reports in some segments of social based on misinformed communications and spreading false information that all the free services of public sector banks will be ceased by January 20, 2018. In addition, there is neither move by banks for such a blanket removal of free services nor such thing is being contemplated. However, banks looking at its commercial and operational coasts would constantly examine and revise charges as the case may be.”
“It is clarified by IBA that these rumours are baseless and false. Public should be careful and should not get misled by such messages. Such news are pure rumours and there are no such fresh RBI instructions/guidelines on this,” it added.
Manufacturing will remain the dark horse for the Indian economy, especially as labour-intensive industries shift from China, writes Sukhgeet Kaur, director, project appraisal and management division, Niti Aayog in an official
Vishwa Hindu Parishad (VHP) working president Pravin Togadia is in the news after a long time. This week, Togadia went `missing` for an entire day as the Gujarat and Rajasthan police were on the lookout for him, arrest warrant in hand. Togadia was later brought to a hospital in an unconscious state. At a p
Of late, there have been some anxious moments for broadcasters and no one knows where it’s been coming from, and why it’s happening. For starters, the ministry of information and broadcasting is the licensor for TV channels, in two categories: (i) news and current affairs (&lsquo
Should there be a “rational, orderly and transparent system” to allocate cases to different benches of the Supreme Court?
Milk is one liquid that usually moves upwards, at least in economic terms. The poor can’t afford this important source of nutrition. But imagine children getting milk in schools as part of mid-day meals, and the poor getting some from public distribution system (PDS) shops. That is precisely what the
The telecom regulator`s decision to cut international termination charges (ITC) to 30 paise from 53 paise will hit the incumbent operators (Airtel, Idea and Vodafone) the most. At present, the annual revenue of the industry from ITC is approximately Rs 4,500 crore. It may also, as incumbents say, impact go