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 […]
Tag: bfsi
Senior citizens go big on small savings scheme
The collections under the government’s small savings scheme for senior citizens more than tripled in April, as those eligible scrambled to take advantage of the […]
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 […]
Irdai forms task force to facilitate ease of doing KYC using Aadhaar
Regulator Irdai has constituted a task force to facilitate ease of doing Know Your Customer (KYC) by insurers using Aadhaar, the 12-digit individual identification number. […]
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 […]
Government tightens rules on global credit card transactions by Indian travellers abroad
n a move that could weigh on personal expenses of wealthy Indians on foreign trips, including for gifts, the government has ended a key relaxation […]
Atul Khirwadkar appointed as first CEO of National Urban Co-operative Finance and Development Corporation (NUCFDC)
A well-known face in the cooperative banking sector Atul Khirwadkar has been appointed as the first Chief Executive Officer of the National Urban Co-operative Finance […]
Russian companies investing rupee surplus in Indian government bonds: IBA chief
Russian banks and companies who have trade surpluses with Indian lenders are using those rupee funds to invest in domestic government debt, the head of […]