Centrum Housing Finance will pay Rs 112 crore to buy the business of National Trust Housing Finance (Natrust). Both the companies have entered into a […]
Category: BFSI
Banks have ceded UPI space to nonbanking sector: RBI Dy Guv
Banks have ceded the unified payments interface space to non-banks, Reserve Bank of India deputy governor T Rabi Sankar has said. Sankar also said the […]
Sanjay Singh elevated as BNP Paribas’ head of India territory
BNP Paribas said it has promoted Sanjay Singh to head of India territory with effect from January 1. Singh, who is currently the chief executive […]
Canara Bank wins Banker’s Bank of the Year Award 2022 for India at Global Banking Summit
Canara Bank on Friday announced that it received the “Banker’s Bank of the Year Award 2022” for the India segment at the Global Banking Summit, […]
RBI cautions banks against frauds in accounts linked to direct benefit transfer
he Reserve Bank of India (RBI) has cautioned banks against increasing instances of fraud in accounts linked to the government’s direct benefit transfer (DBT) and […]
Share of loans to industry sector in bank credit declines to 25 per cent
With increase in borrowings by the manufacturing firms, the share of loans to the industry sector in bank credit has declined to almost 25 per […]
Branches of Indian banks in overseas can deal in financial products not permitted in domestic market
The Reserve Bank on Thursday allowed with certain riders foreign branches and subsidiaries of Indian banks to deal in financial products that are not specifically […]
RBI comes out with four-tiered regulatory framework for urban cooperative banks
The Reserve Bank of India (RBI) on Thursday announced a four-tiered regulatory framework for categorisation of Urban Co-operative Banks (UCBs), Besides, the central bank has […]
Balaji Rajagopalan joins State Bank of India as Chief Technology Officer
B2B Infomedia would like to congratulate Mr. Balaji Rajagopalan for being appointed as Chief Technology Officer (CTO) at the State Bank of India. He previously worked at icicibank as the Bank […]
Strong bank loan growth in FY23 despite higher interest rates: Fitch
Fitch Ratings on Monday said India’s bank credit will see strong growth in current financial year despite effects of higher interest rates. It said the […]