account maintenance

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    Banks Waive Penalties for Low Savings Account Balances

    New Delhi, March 9 Approximately 72 crore Basic Savings Bank Deposit Accounts (BSBDAs), including those under the PM Jan Dhan scheme, are not subject to any penalties for failing to maintain a minimum balance, Finance Minister Nirmala Sitharaman said on Monday.In a written reply to a question...
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    Sebi Directs Custodians to Strengthen Governance and Segregation

    New Delhi, March 5 The securities regulator, Sebi, has directed non-bank custodians to segregate regulated and unregulated financial services through separate strategic business units (SBUs), maintain separate accounts for these units, and meet net worth requirements independently for these...
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