The ministry has said this in view of the global financial situation arising after the failure of some banks in America and Europe. According to sources, there is a need for integrated market data on pledged securities to take timely action.

Finance Ministry said this

Besides, in a recent meeting with Finance Minister Nirmala Sitharaman, heads of public sector banks were asked to manage loans given to companies, including pledged shares. Sources said that the finance ministry also said that it would be prudent to increase the stress-testing of loan accounts of large companies.

Banks should also pay attention to small deposits – Ministry of Finance

Public sector banks were also advised to focus on small deposits instead of large and corporate deposits and stay away from the discretionary pricing system. The Finance Minister last week reviewed public sector banks on the basis of various financial parameters. He urged banks to remain vigilant about interest rate risks and stress test the situation regularly.

Recently held a meeting

On Saturday, Finance Minister Nirmala Sitharaman had a big meeting with the heads of public sector banks. The Finance Minister had told all the public sector banks that they should take preventive measures against any anticipated shock. Even after the meeting, the Finance Ministry had said that all major financial parameters indicate stable and flexible public sector banks. At the same time, banks had also assured Finance Minister Nirmala Sitharaman that the Indian banking system is strong and there is nothing to worry about at the moment.

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Do not click on suspicious links

If you get any kind of link message which is suspicious, then ignore it and delete it from the phone. Many types of messages related to electricity bill, cashback or offer keep coming in which they are asked to click on the link.

If you also get a message asking you to click on the link, then be careful. Do not click on those links or else your account will be empty.

SBI gave the information

Let us inform that SBI has warned its customers and said that “Never call back or SMS on such SMS. Because it can be a means to steal your personal or financial information.

If you get a message to cut electricity bill, then understand that it is a fraud and do not click on that link. There have been many such cases in which a message is sent to the customers regarding the electricity bill that if they do not pay their electricity bill soon, then their connection will be disconnected.

A link is given along with the message to pay the electricity bill soon. After clicking on this link your account will be empty.

The post Bank Update: Big news! Bank has issued new guidelines for its customers, see here new guideline immediately first appeared on Rightsofemployees.com.

SBI: The country’s largest bank State Bank of India (SBI) has increased interest rates on deposits of less than Rs 2 crore. The bank has increased interest rates by 15 basis points for various tenors. Now common investors will get interest on FD at the rate of 2.90% to 5.65%. Whereas for senior citizens the deposits ranging from 7 days to 10 years range from 3.40% to 6.45%.

Central Bank of India: Public sector Central Bank of India has increased interest rates on deposits of less than Rs 2 crore. According to the official website of the bank, the bank is now charging interest rates ranging from 2.75% to 5.55%. This is for deposits with maturities ranging from 7 days to 555 days.

Axis Bank: Private sector Axis Bank has increased interest rates on deposits of less than Rs 2 crore. The bank has increased the rates of deposits by up to 0.45 percent. The bank has increased the interest rate of FD by 45 basis points for the tenor from 17 months to 18 months. Now the new rates have been increased from 5.60 per cent to 6.05 per cent. These rates are effective from August 11. Earlier on July 16, the bank had increased the interest rates on FDs.

The post Bank Update: 3 banks including SBI gave good news to customers, will get so much benefit, know… first appeared on Rightsofemployees.com.