Education loans offered by around 30 regional rural banks (RRBs) will now have the credit shield from the Credit Guarantee Fund Scheme for Education Loans, […]
Tag: bfsi
Bank loan rates drop in April, a first in 11 months
Bank lending rates declined for the first time in April after rising for 11 consecutive months, data from the Reserve Bank of India showed. The […]
As Rs 2000 notes flow back, 80% stay within banking system
Bankers expect a 150-basis-point rise in deposit levels as the initial few days into the mandated exchange of ₹2,000 banknotes showed that almost 80% of […]
Insistence of physical visits to bank branches may be avoided, says RBI committee
Insistence on physical visits, physical presentation of documents for closure of bank accounts may be done away with if the Reserve Bank decides to implement […]
Bank of Baroda launches facility for cash withdrawals using UPI on its ATMs
Bank of Baroda on Monday announced launch of Interoperable Cardless Cash Withdrawal (ICCW) facility wherein a customer can withdraw cash using UPI from the bank’s […]
Transfer of Sahara Life business unlikely to impact SBI Life’s balance sheet
Transfer of liabilities of around two lakh policies along with assets of Sahara Life is unlikely to have a major impact on SBI Life Insurance […]
Gupshup.io enables UPI payments on feature phones; Accelerates financial inclusion for 320 mn feature phones users
Gupshup.io, the leading conversational engagement platform is bringing the convenience of UPI payments for India’s vast swathe of people using affordable feature phones. The company […]
Increase in ransomware cases in banks, RBI tells Parliamentary panel
There has been an increase in ransomware cases in banks, and data exfiltrated from such attacks and made available in dark webs pose serious concerns, […]
IOB-led lenders group puts Sion Panvel Tollways’ ₹862-cr bad loan on sale
Lenders, led by Indian Overseas Bank (IOB), are selling ‘862 crore of bad loans from Sion Panvel Tollways (SPTL), the concessionaire originally tasked with collecting […]
RBI imposes Rs 2.2-crore penalty on Indian Overseas Bank
Reserve Bank on Friday imposed a penalty of Rs 2.20 crore on state-owned Indian Overseas Bank (IOB) for non-compliance of income recognition and other deficiencies […]