Finance Industry Development Council (FIDC) is a Representative Body of NBFCs registered with the Reserve Bank of India. FIDC was formed 19 years ago and […]
Author: The Banker Media
RBI increases risk weight by 25% on consumer credit exposure of banks, NBFCs
Consumer credit of commercial banks and NBFCs attracts a risk weight of 100 percent, which now has been revised to 125 percent. The Reserve Bank […]
YES BANK announces the appointment of Mr. Tushar Patankar as Chief Risk Officer
Mumbai, November 21, 2023: YES BANK today announced the appointment of Mr. Tushar Patankar as Chief Risk Officer (CRO). In his role, Mr. Patankar will be […]
Banking space on the verge of major overhaul
Since the beginning of civilisation, credit and debit systems have been a part of our lives. Barter system was the initial way of exchanging goods […]
Shivalik Small Finance Bank appoints Ramesh Thimanna as Chief Information Officer
Shivalik Small Finance Bank has appointed Ramesh Thimanna as its new Chief Information Officer (CIO), the bank revealed on its social media page. According to […]
ICICI Bank launches single-view dashboard ‘iFinance’
ICICI Bank has launched ‘iFinance,’ with a single-view dashboard of all accounts, that enables customers-retail and sole proprietors to get a consolidated view of their […]
Axis Bank and Fibe partner to launch India’s first numberless credit card
Axis Bank and Fibe (formerly known as EarlySalary) have recently partnered to launch India’s first-ever numberless credit card, according to a statement from Axis Bank. […]
Manappuram Finance enters into partnership with JCB India
Manappuram Finance India has entered into a Memorandum of Understanding (MoU) with construction equipment manufacturer JCB India to finance the latter’s range of equipment and […]
Canara HSBC Life Insurance launches ‘GAIN’
Canara HSBC Life Insurance has launched GAIN (Guaranteed Assured INcome) – a limited premium, non-linked, non-participating, individual, life insurance, savings-cum-protection plan designed to provide financial […]
Government appoints 12 Executive Directors at various PSBs
The government has appointed 12 General Managers (GMs) as Executive Directors (EDs) of several Public Sector Banks (PSBs), as per the Appointments Committee of the […]