Mumbai: Singapore’s DBS Bank will look to complete its retail product offering by adding a super-premium credit card as soon as this week as it […]
Category: Enterprise
Cosmos Bank earns highest ever profit; vows to scale newer heights
During the Financial Year ending on March 31st, 2023, The Cosmos Cooperative Bank Ltd., has earned a net profit of Rs 151 Crore and netted […]
NPCI leans on bank partnerships to push RuPay credit cards
The National Payments Corporation of India (NPCI) is looking to aggressively push up the usage of RuPay credit cards in the market and is seeking […]
SBI slow in procurement from GeM portal; lags behind smaller counterparts in 2022-23
India’s largest lender SBI was quite slow in procuring goods and services from government-owned GeM portal in 2022-23 and lagged behind smaller counterparts, including Canara […]
RBI to transfer Rs 87,416 cr surplus to govt for FY23, up from ₹30,307 cr a year earlier
The Reserve Bank of India nearly tripled its annual surplus transfer to the government, helping the state reap a windfall that will ease worries about […]
Paytm partners with NPCI to launch Paytm SBI Card on the RuPay network
One97 Communications Limited (OCL)-owned Paytm has partnered with NPCI and SBI Card to launch Paytm SBI Card on the RuPay network, the company said in […]
Credit card spends in foreign currency to attract 20% TCS
New Delhi: Foreign currency payments such as digital subscriptions to publications or goods bought on foreign ecommerce sites through international credit cards will count toward […]
Vedanta Resources Ltd taps global banks for $500-600 million loan
Anil Agarwal-promoted Vedanta Resources Ltd (VRL) is in discussions with Deutsche Bank and other global lenders including JPMorgan and Barclays to raise a $500-600 million […]
LIC Housing to focus on LAP, intensify its recovery efforts
LIC Housing Finance (LIC HF) will expand its branches in new geographies, increase focus on high-yielding loan against property (LAP) and intensify recovery efforts as […]
Bank of Baroda ‘well protected’ for switch to RBI’s new loan-loss proposal, says CEO Chadha
Bank of Baroda does not foresee any challenges in adhering to the central bank’s proposed loan-loss mechanism given its improved asset quality ratios and will […]