The government has extended the deadline for IDBI Bank privatisation till January 7. The government had invited bids for its sale in October. The government […]
Category: BFSI
BoB proposes to sell its majority stake in Nainital Bank
State-owned Bank of Baroda (BoB) on Tuesday said it plans to sell its majority stake in Nainital Bank. The board of directors of the bank […]
Shaji K V takes over charge as NABARD Chairman
New Delhi:, Shaji K V has taken the charge as Chairman of National Bank for Agriculture and Rural Development (NABARD) with effect from December 7, […]
Borrowers don’t have to be told individually about change in rates: Consumer court
The national consumer court has ruled that banks are not required to inform each borrower individually about any automatic change in interest rates under the […]
RBI shortlists 7 global consultancy firms to use AI, ML to improve regulatory supervision
The Reserve Bank has shortlisted seven global consultancy firms, including Pricewaterhouse Coopers, McKinsey and Boston Consulting Group (India), to use artificial intelligence and machine learning […]
Banks follow RBI’s signal; hike lending rates
Hours after RBI’s move to increase repo rate by 35 basis points, a number of lenders, including Bank of India and HDFC Bank, on Wednesday […]
UPI payment limit: This is the daily amount one can spend using GPay, PhonePe, and Paytm
Amazon Pay has also set a Rs 1,000,000 maximum money transfer limit via UPI. Notably, users can only transact up to INR 5,000 in the […]
Banks should not ask for verification at branch level if customer does e-KYC, says RBI
India’s Reserve Bank on Wednesday directed banks to not ask their customers for a physical verification at the branch, if they have already performed an […]
UPI transactions see 650% rise at semi-urban, rural stores: Report
The unified payments interface (UPI) transactions witnessed a meteoric 650 per cent rise at the semi-urban and rural stores in India this year, a report […]
Govt to allow foreign funds to own over 51% in IDBI Bank
The Indian government will allow a consortium of foreign funds and investment firms to own more than 51% in IDBI Bank Ltd, according to a […]