The central bank said that it has not issued any direction with this regard
Tag: commercial banks
Commercial banks threaten to end free ATM withdrawals, cash deposits for common man
The irked bankers are up in arms against the revenue authorities who are not ready to forgo Rs 40,000 crore that the former has been asked to pay as service tax levied on free services. Bankers have warned the government that free services would have to be withdrawn if they[Read More…]
RBI hikes repo rate making home loan woeful
Reserve Bank of India (RBI) raised the repo rate that is directly going to affect the home loan costs. The RBI announces this during its bi-monthly monetary policy review. This makes the present repo rate of India to be 6.50 per cent. The Central Bank of India has lifted the[Read More…]