India’s push towards expanding the digital economy offers room for multiple players to grow in the payments ecosystem, said Michael Froman, vice chairman and president, […]
Category: BFSI
Securitisation soars 42% to Rs 1.15 lakh crore till December quarter this fiscal, says Crisil
Driven by a 20 per cent rise in the number of originators to 120, securitisation volume jumped 42 per cent to over Rs 1.15 lakh […]
Warehousing Development Regulatory Authority signs pact with SBI
Warehousing Development Regulatory Authority (WDRA) has signed a memorandum of understanding with State Bank of India to help farmers in getting low interest rate loans. […]
RBI tweaks norms related to share acquisition in banks
India’s central bank, the Reserve Bank of India, on Monday tweaked norms related to acquiring shares in banks in a bid to ensure ownership is […]
RBI’s new proposal on loan loss provisions to raise bank capital needs
The Indian central bank’s discussion paper suggesting banks make provisions on bad loans using an expected credit loss (ECL) method could raise capital requirements for […]
Paytm Payments Bank gets final RBI nod to operate as Bharat Bill Payment Operating Unit
Paytm Payments Bank on Monday said it has received final approval from the Reserve Bank of India to operate as a Bharat Bill Payment Operating […]
Indian Bank expands digital offerings under ‘Project WAVE’ initiative
Public sector Indian Bank has stepped up its offerings on its digital transformation initiative ‘Project WAVE’ with the launch of Kisan Credit Card loans to […]
SMBC Bank, Oaktree submit EoIs for IDBI’s strategic stake sale
Sumitomo Mitsui Banking Corporation Group (SMBC Bank) of Japan and Oaktree Capital Management are among those that have submitted expressions of interest (EoIs) for the […]
Piramal Finance aims at ‘Budget Bharat’ to expand
One year after the integration with DHFL, Piramal Capital & Housing Finance (PCHF) is repositioning itself as a lender for retail with a focus on […]
Indian banks gave highest returns in Asia Pacific region: S&P Global
The stocks of two Indian banks – the Punjab & Sind Bank and the Jammu and Kashmir Bank Ltd – occupied the top two spots […]