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Postal Savings Bank of China Co., Ltd. also known as PSBC is a commercial retail bank founded in 2007 and headquartered in Beijing. It provides basic financial services, especially to small and medium enterprises, rural and low income customers. As of December 31, 2017, PSBC has 39,798 branches covering all regions of China.PSBC was set up with an initial capital of RMB20 billion in 2007 from the State Post Bureau. Today it has RMB1.5 billion in deposits and the second largest number of branches, after the Agricultural Bank of China. Read More
With coronavirus posing severe health and economic ramifications for the country, the government has set up -- PM CARES Fund -- to deal with emergency or distress situation like that posed by COVID-19 and to provide relief to the affected people. ...
The Jammu and Kashmir Bank, which has the largest number of branches in J&K and Ladakh union territories, has decided to fully implement the RBI guidelines seeking a three-month long moratorium on term loans. ...
Yes Bank resumed full-fledged banking operations on Wednesday. However, there were initial glitches with customers complaining of problems in using online banking services and the mobile app. ...
A combination of monetary as well as fiscal policy could be the best option to deal with the economic fallout of coronavirus, a State Bank of India report said on Tuesday. ...
Lender IndusInd Bank on Wednesday reiterated that it is "financially strong, well-capitalised, profitable, and a growing entity with strong governance". ...
