The cumulative redemption ratio for security receipts (SRs) issued by asset reconstruction companies (ARCs) has improved to 44% in 2019 from a mere 3% in […]
Category: BFSI
Indian banks may face rise in bad loans from retail, small businesses: SBI official
Indian banks could see an increase in bad loans in the retail and small business segments from its recent low levels, an official with the […]
PSU banks now offer inflation-beating FD rates
Those believing in safety first are outrunning the glory chasers these days, with stock returns trailing yields on plain-vanilla fixed deposits by a long shot, […]
Saraswat Bank partners Tagit to deploy omnichannel banking
Saraswat Bank has partnered with Singapore based digital banking solutions provider Tagit to implement omnichannel digital banking solutions for its retail and corporate customers. Under […]
With UPI-PayNow linkage Modi government makes a grab at the India outside India
Whenever Prime Minister Narendra Modi visits a foreign country, especially a developed one, his signature move is to galvanise the non-resident Indians (NRIs) there. Modi […]
HDFC Bank, Lulu Exchange ink deal to enhance cross-border payments between India-Gulf region
HDFC Bank, a major private sector bank, and UAE-based Lulu Exchange have signed an MoU to strengthen cross-border payments between India and the Gulf Cooperation […]
Banks’ asset quality likely to improve further, say analysts
Indian banks’ asset quality improved over the last couple of years and is soon expected to be better than what it was in 2015 before […]
SBI allows Bhim-based real-time payment with Singapore
A day after a real-time payments system linkage was established between India and Singapore using the UPI platform, State Bank of India on Wednesday announced […]
More insurance players, wider range of products key to achieve insurance for all goal by 2047:Irdai’s Debasish Panda
India needs more number of insurance players, much wider range of products and also more distribution partners to achieve the insurance for all goal by […]
HSBC India profit up 15%; bank will continue to expand balance sheet, says CEO Hitendra Dave
Hong Kong and Shanghai Banking Corp Ltd (HSBC), Europe’s largest bank by assets, said its India profit had risen 15% year on year amidst all […]