The Reserve Bank of India has imposed a penalty of Rs 1.25 crore on Zoroastrian Co-operative Bank, Mumbai for non-compliance with certain directions, including one […]
Tag: banks
IDBI Bank to continue as ‘Indian private sector bank’ post strategic sale
IDBI Bank will continue to operate as an ‘Indian private sector bank’ after its strategic sale and the government’s residual 15 per cent stake in […]
Cash is still king in rural India, UPI favourite in metros
While the surge in digital banking has made the withdrawal of money from ATMs a passe now, ATM makers like Diebold Nixdorf or ATM operators […]
Anant Singhania, CEO, JK Enterprises & President, IMC Chamber of Commerce & Industry conferred BFSI & Fintech Winners
B2B Infomedia: Indian BFSI sector is poised to become the third largest in the world by 2025. It means a huge amount of data is churning […]
Banks prefer to give loans now than buy bonds
Investments to deposits ratio of the Indian banking industry fell to a four-month low as banks allocate more of their existing funds to loans that […]
Shivalik Small Finance Bank raises Rs 111 crore from Quona Capital, Accel and Bharti AXA Life Insurance
Shivalik Small Finance Bank raised Rs 111 crore in equity from global venture capital firms Accel and Quona Capital along with Bharti AXA Life Insurance. […]
Credit card numbers continue to slip after RBI’s deactivation order
The Reserve Bank of India (RBI) order on discontinuing inactive credit cards continued to negatively impact the industry size, with top-tier lenders such as HDFC […]
Remove withdrawal restrictions on basic savings bank deposit accounts for digital payments: Report
The Reserve Bank needs to keep digital payments outside the purview of withdrawal restrictions on zero-balance basic savings bank deposit (BSBD) accounts and let the […]
Banks divert gold supply from India to China, Turkey: Report
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PSBs Plan To Set Up Big Data And Analytics Verticals
Strech lining hemline above knee burgundy glossy silk complete hid zip little catches rayon. Tunic weaved strech calfskin spaghetti straps triangle best designed framed purple […]