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.
As the government is set to roll out the 5G spectrum auction, the network providers are also equipping 5th generation network-ready LTE technology. According to the government, the technology would have an impact of more than $1 trillion on the Indian economy. It is also expected to transform educati
Punjabi singer, songwriter, and guitarist, Rabbi Shergill rose to fame in 2004 with his chartbuster song ‘Bullah Ki Jaana’ from his debut album ‘Rabbi’. Inspired by rock and Punjabi folk music, he uses Punjabi language to create acoustic rock-based ballads. His poetic and social
National Aluminium Company Limited (NALCO), country’s leading manufacturer and exporter of alumina and aluminium, has posted an operating profit of Rs 589 crore in Q3 of 2018-19 FY, registering 80 percent growth over the same period of last year. Net profit of the company
In 2016, 44.7 million tonnes of e-waste was generated globally which is expected to increase to 52.2 million tonnes in 2021. As of 2016, it was found out that India is the second and fifth highest generator (in Asia and globally respectively) of e-waste with 2 million tonnes. The mounting pile of e-waste h
Union power minister RK Singh has said the per capita current power consumption of 1,200 units is expected to grow 2-3 times at par with the international consumption after every Indian gets access to electricity. Singh said the power sector is witnessing an increased demand which is further expect
SAIL has posted a profit (profit after tax) of Rs 616 crore in Q3 of 2018-19 FY. SAIL has managed to better its performance over the previous quarter as well by more than 11 percent when it stood at Rs 554 crore. The turnover for Q3 FY’19 improved by three percent over corresponding period of