The International Monetary Fund has given a warning to Indian government against macro-financial risks which emerged from the government ownership of the private sector banks and even advocated that the Indian government must privatise these lending institutions in order to mitigate these risks. In its review under Article IV, IMF[Read More…]
Tag: Private Banks
HDFC, ICICI restarting levy on cash transactions
Banks including HDFC Bank, ICICI Bank and Axis Bank Wednesday onwards will be charging a minimum amount of Rs 150 per transaction for all cash deposits and withdrawals beyond four free transactions in a month. These charges would be applicable to all savings as well as salary accounts effective from[Read More…]