State Bank of India has raised its home loan rates to 10.10% from 9.95%. Interest rates for loans above Rs30 lakh, which earlier stood at 10.10%, have been revised upwards to 10.30%. But the Bank has not announced any change in the interest rates on personal loans. The Bank also raised its long-term deposit rates by up to 25bps (basis points).
RBI has asked banks to close the accounts of customers using credit or debit card for online forex trading transactions. Forex trading is a leveraged transaction and the public is being asked to make the margin payments for such online forex trading transactions through credit cards. RBI has banned such international forex trading.
Sanjay Govind Dhande, cyber security member of the National Security Advisory Board (NSAB), was defrauded by more than Rs19 lakh electronically, in a hacker attack. The hackers had even blocked his SIM card so that he did not receive alerts from the bank when his account was being fraudulently emptied.