ICICI Lombard Q4 net profit rises 23%

ICICI Lombard 's net profit stood at Rs 345.68 crore compared to Rs 281.93 crore in the same period in 2019-20. from Business Line - Money & Banking https://ift.tt/2RJzY...

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Poor people rely more on post-offices for their savings: SBI report

Post-Office savings deposits are negatively correlated to per capita income while bank deposits are positively correlated with per capita income, acco from Business Line - Money & Banking https://ift.tt/3tt3k...

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HDFC Bank takes conservative stance, hikes provisions, conserves capital

Taking a conservative stance in its accounting the bank also hiked total provisions to ensure it has enough buffer to manage an adverse economic environment in the near future. from Banking/Finance-Industry-Economic Times https://ift.tt/3mUo2...

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HDFC Bank Q4 net profit up 18.2%

HDFC Bank’s net revenue increased by 16.4 per cent to ₹ 24,714.1 crore for the quarter ended March 31, 2021 from ₹ 21,236.6 crore a year ago. from Business Line - Money & Banking https://ift.tt/3srFA...

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HDFC Bank Q4 net profit jumps 18% on-yr; board decides against declaring dividend in Mar 2021 amid COVID surge

HDFC Bank reported an 18.2 per cent on-year jump in standalone net profit to Rs 8,186.51 crore for the January-March quarter of FY21 from Banking & Finance – The Financial Express https://ift.tt/3tEtr...

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Why do so many MNC banks give up pursuit of retail El Dorado in India?

A few years later in 2007, ABN Amro, which had acquired Bank of America’s retail business in 1998, sold out to RBS following a global deal. In the last decade, Deutsche Bank, ING, RBS and HSBC sold significant portions of their retail businesses in the country. from Banking/Finance-Industry-Economic Times https://ift.tt/2QuaU...

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SC issues guidelines for cheque bounce cases, asks govt to amend laws

The SC said that over the years, courts have been inundated with cheque bounce complaints which could not be decided within a reasonable period and “this gargantuan pendency of complaints … has had an adverse effect in disposal of other criminal cases.” from Banking & Finance – The Financial Express https://ift.tt/3eaT4...

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How the RBI forced bond market to tango

The market wants bond prices to trade lower across maturities, given the large supply scheduled to flood the market from Business Line - Money & Banking https://ift.tt/2OTEw...

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Open banking may potentially pose significant risks: RBI Dy Guv Rao

It is the sharing and leveraging of customer-permissioned data by banks with third-party developers and firms to build applications and services. from Business Line - Money & Banking https://ift.tt/2Q9cN...

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MFIs better prepared to deal with disruptions due to rising COVID-19 cases: MFIN CEO

Over the past year, microfinance institutions (MFIs) have streamlined their processes, trained field staff on COVID-appropriate behaviour and in dealing with lockdowns, and focussed on digitisation, and these steps will help them in managing any kind of situation, Microfinance Institutions Network (MFIN) CEO Alok Misra said. from Banking/Finance-Industry-Economic Times https://ift.tt/3ge6Y...

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SBI puts up for sale NPA account MSP Metallics

"In terms of the bank's policy on sale of financial assets, in line with the regulatory guidelines, we place the...accounts for sale to ARCs/ Banks/ NBFCs/ FIs, on the terms and conditions indicated there against," SBI said in a sale notice on its website. from Banking/Finance-Industry-Economic Times https://ift.tt/3addr...

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LIC’s death claims rose 17% in first 9 months of FY21

8,16,652 death claims were made on the state-run insurer between April and Dec 2020 from Business Line - Money & Banking https://ift.tt/3x2XL...

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Insurance cos getting FDI up to 74% to get 1 year time fulfil conditions for key managerial positions

Finance Ministry notifies draft rules from Business Line - Money & Banking https://ift.tt/3tt4v...

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Bank credit records slowest growth rate

Credit growth slowed further to 5.6% in the fiscal ended March 2021 compared to 6.1% reported in fiscal 2020, RBI data shows. This is the slowest pace of growth since the data available on the RBI website as far as 1965. from Banking/Finance-Industry-Economic Times https://ift.tt/32iMf...

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Demand for housing back in lower income, middle income segments: NHB

The slowdown induced by the Covid-19 pandemic notwithstanding, the housing finance sector maintained positive growth with outstanding individual housi from Business Line - Money & Banking https://ift.tt/3uQhB...

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G-Sec prices on the rise

Our BureauPrices of Government Securities (G-Secs) rose on Friday after the previous day’s sharp fall as the RBI did not devolve the 10-year benchmark from Business Line - Money & Banking https://ift.tt/32i1D...

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Microfinance cos’ ECB more than halve in FY21

Sharp decline in fresh disbursements, competitive interest rates key reasons from Business Line - Money & Banking https://ift.tt/3mZWb...

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UK Home Secretary approves Nirav Modi's extradition to India

Modi has 14 days to apply for permission to appeal against the Home Secretary’s order in the High Court in London from Business Line - Money & Banking https://ift.tt/3enoq...

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LIC management approves wage revision of employees

All Saturdays will be public holiday for LIC from Business Line - Money & Banking https://ift.tt/3gfed...

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Citibank India’s consumer banking operations, credit cards may be attractive for Indian lenders

With over 26.45 lakh credit cards, Citibank India has an over six per cent share of the domestic card market from Business Line - Money & Banking https://ift.tt/32k4S...

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Citibank’s consumer banking, credit cards may be attractive for Indian lenders

It brought the concept of credit cards and ATMs in 1980s. from Business Line - Money & Banking https://ift.tt/3tns5...

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WIMWIsure conducts two lakh passenger, commercial vehicles' inspections remotely in FY21

The Indian motor insurance marketplace has noted a clear shift towards remote 'Do-It-Yourself' checks and inspection-as-a-service because of COVID-19 which has necessitated moving away from physical vehicle inspections, WIMWIsure said in a release. from Banking/Finance-Industry-Economic Times https://ift.tt/2OUde...

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Henceforth, five-day working week for LIC staff

Centre declares every Saturday as a public holiday for LIC from Business Line - Money & Banking https://ift.tt/3dnNT...

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We will raise more money as and when the opportunity seems right in the market, says CEO, Piramal Retail Finance

‘Having ₹18,500 crore of equity capital is a lot for a company with a total lending book of about ₹45,000 crore’ from Business Line - Money & Banking https://ift.tt/2Qrbj...

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Local lenders lead race to buy parts of Citi's India business

Citibank's consumer banking business houses three relevant businesses namely, credit cards, wealth management and mortgages the bank may sell all these businesses separately as a portfolio sale, Macquarie analyst Suresh Ganapathy said in a report. from Banking/Finance-Industry-Economic Times https://ift.tt/3socF...

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Citi retreat highlights global banks’ struggle in China, India

Increased rivalry from domestic lenders, especially in consumer financing, and fierce competition for top talent contributed to the challenges that overseas banks have often struggled to overcome. High capital and regulatory requirements also proved onerous. from Banking/Finance-Industry-Economic Times https://ift.tt/3x0a6...

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Piramal Retail CEO gives a peek into the company's new finance plan for India's budget customers

"Now we've got to watch the situation carefully. If these disruptions last only a few weeks, then we will be back to the normalcy quickly. But if there are strict lockdowns for extended periods, then it can really peg us back." from Banking/Finance-Industry-Economic Times https://ift.tt/2QaJN...

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RBI reveals names of applicants for universal bank, SFB licences

Applicants under guidelines for on-tap licensing of universal banks are UAE Exchange and Financial Services, The Repatriates Cooperative Finance and Development Bank (Repco Bank), Chaitanya India Fin Credit, and Pankaj Vaish and others. from Banking & Finance – The Financial Express https://ift.tt/3mPQW...

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Piramal Capital goes all out on retail

The company which is in the process of acquiring Dewan Housing Finance has already inducted two technology platforms into its system that allow it to crunch credit data in-house, the chief executive of Piramal’s retail finance business, Jairam Sridharan, said. from Banking/Finance-Industry-Economic Times https://ift.tt/3dlTI...

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Interview | Federal Bank’s credit card should be launched soon: Nilufer Mullanfiroze

Earlier online transactions, using mobile banking, net banking, were ‘nice to do’ activities from a customer perspective. from Banking & Finance – The Financial Express https://ift.tt/3mNTn...

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Personal hearing before NPA tag: RBI, lenders move SC

A bench led by Justice R F Nariman refused to stay the entire HC judgment, but stayed a part which dealt with granting of personal hearing to a borrower/account holder. from Banking & Finance – The Financial Express https://ift.tt/2OQSH...

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Former Citibanker, top executive from Bharti Enterprise are among banking license applicants

Former Citibanker Pankaj Vaish and Bharti Enterprises vice-chairman Akhil Kumar Gupta are believed to be among the applicants for universal bank and small finance bank licenses from Banking/Finance-Industry-Economic Times https://ift.tt/3mR12...

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RBI releases names of applicants under ‘on tap’ Licensing of Universal, small finance banks

from Banking/Finance-Industry-Economic Times https://ift.tt/3mTt9...

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MFIs to face asset quality pressures in near term amid rise in COVID-19 cases, restrictions: Report

The microfinance industry is likely to face asset quality pressures in the near term due to the recent surge in COVID-19 infections and localised restrictions, says a report. from Banking/Finance-Industry-Economic Times https://ift.tt/3ah9M...

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COVID surge: Bank unions request finance ministry for emergency steps to protect bankers

The United Forum of Bank Unions (UFBU), an umbrella body of nine unions, in a representation to the Secretary Department of Financial Services Debasish Panda said some saftey measures need to be put in place as all bank branches and establishments are potential hotspots for spreading the infections. from Banking/Finance-Industry-Economic Times https://ift.tt/3wWof...

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Covid impact: UFBU demands reduction in business hours at banks

The United Forum of Bank Unions (UFBU) has requested the finance ministry to reduce the business hours of banks, bring in five-day week, and allow hub from Business Line - Money & Banking https://ift.tt/3tkTk...

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Citigroup to focus on corporate and institutional banking business in India

Citi started retail operations in India in 1985 and was among the pioneers of credit cards in the country. It will focus on corporate and institutional banking business in the country as part of a strategic rethink, CEO Jane Fraser said in a press statement after the bank announced its 2020 results. from Banking/Finance-Industry-Economic Times https://ift.tt/3uXYd...

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Citibank to exit 13 global consumer banking markets, including India and China

from Banking/Finance-Industry-Economic Times https://ift.tt/3tmR4...

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Government Securities prices tumble

  Government Securities (G-Sec) prices tumbled on Thursday as the Reserve Bank of India (RBI) purchased some of the securities under its G-Sec Acquisi from Business Line - Money & Banking https://ift.tt/2Qp56...

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On-tap licences: RBI gets four applicants each to start universal banks, SFBs

The Reserve Bank of India (RBI), on Thursday, said four applicants each have applied for on-tap licences to start Universal Banks and Small Finance Ba from Business Line - Money & Banking https://ift.tt/3e2EZ...

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RBI releases names of applicants under ‘on tap’ Licensing of Universal Banks

VSoft Technologies, Calicut City Service Co-operative Bank and Dvara Kshetriya Gramin Financial Services have applied for a small finance bank license, the central bank said. from Banking/Finance-Industry-Economic Times https://ift.tt/3gq7v...

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Citigroup to exit consumer banking operations in India, 12 other markets

To focus on institutional banking in India from Business Line - Money & Banking https://ift.tt/3smX8...

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Four applicants each apply for ‘on tap’ licenses to start universal banks, small finance banks

UAE Exchange and REPCO Bank among applicants for universal bank licence from Business Line - Money & Banking https://ift.tt/3uTzt...

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Citibank to exit consumer banking business in India

The business comprises credit cards, retail banking, home loans and wealth management. The bank has 35 branches in the country and employs approximately 4,000 people in the consumer banking business. from Banking/Finance-Industry-Economic Times https://ift.tt/3tpJ7...

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IL&FS: Aggregate debt recovery target raised to ₹61,000 crore

Group addresses debt of ₹43,000 crore till date from Business Line - Money & Banking https://ift.tt/2OTqT...

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Stopped recovering charges in BSBD accounts from mid-Sept last year: SBI

Our Bureau State Bank of India (SBI), on Thursday, clarified that it has stopped recovering charges in Basic Savings Bank Deposit Accounts (BSBDAs) on from Business Line - Money & Banking https://ift.tt/3tlLT...

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NITI Aayog to finalise names of 2 public sector banks for privatisation soon

NITI Aayog has been entrusted with the task of selection of names of two public sector banks and one general insurance company for the privatisation as announced in the Budget 2021-22. from Banking/Finance-Industry-Economic Times https://ift.tt/2PWfw...

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RBI constitutes second regulations review authority

The Reserve Bank of India (RBI) has decided to set up a new Regulations Review Authority (RRA 2.0) to streamline regulatory instructions, reduce compl from Business Line - Money & Banking https://ift.tt/3skJs...

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Piramal Housing to extend loans to low-income groups across the country

Piramal has launched used car financing in partnership with Cars24, it has also tied up with Zest for unsecured digital lending, it is also offering small business loans, loans against property besides home loans as part of its retail push. from Banking/Finance-Industry-Economic Times https://ift.tt/2QrIi...

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Piramal Retail Finance enters consumer & used car finance

Eyes ₹3,000 crore of new loan book originations from Business Line - Money & Banking https://ift.tt/3tlZU...

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IL&FS: Aggregate debt recovery target hiked to ₹61,000 crore

Group addresses debt of ₹43,000 crore till date from Business Line - Money & Banking https://ift.tt/3tmcy...

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HDFC Bank looks to raise ₹ 50,000 crore ...

...through private placement of perpetual bonds from Business Line - Money & Banking https://ift.tt/3djxm...

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Monsoon session: Govt to amend key PSB privatisation laws

As many as 14 private banks were nationalised in 1970 by the Indira Gandhi government, followed by another six banks in 1980. from Banking & Finance – The Financial Express https://ift.tt/3dgE6...

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Religare Finvest to default on Rs 100 crore NCD payment obligation

NBFC firm Religare Finvest Limited (RFL) had borrowed Rs 100 crore from Axis Bank by placing non-convertible debentures (NCDs) on a private placement basis in September 2015. The bonds, bearing a coupon of 10.68 per cent per annum, are set for maturity on April 30, 2021, Religare Enterprises Ltd (REL) said in a regulatory filing. from Banking/Finance-Industry-Economic Times https://ift.tt/3wUC1...

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IFC to invest $100 million in JC Flowers India fund to help resolve NPAs

Under the project, which is an expansion of IFC's distressed asset recovery programme in India, the lender will invest up to USD 100 million in the JC Flowers India opportunities fund on meeting certain conditions, with an initial commitment of USD 40 million, IFC said on Wednesday. from Banking/Finance-Industry-Economic Times https://ift.tt/3g9GH...

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Covid second wave: AIBEA wants relaxation in attendance, reduced business hours at banks

Our Bureau The All India Bank Employees’ Association (AIBEA) wants bank managements, the Indian Banks’ Association (IBA) and the government to bring b from Business Line - Money & Banking https://ift.tt/2RvMt...

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PSB privatisation: Buyers will need more clarity on pension liabilities

The govt may have to hive off the pension funds to attract investors from Business Line - Money & Banking https://ift.tt/3mLI8...

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Govt appoints Anil Kumar Sharma on central board of SBI with immediate effect

Citing a Department of Financial Services (DFS) notification dated April 13, 2021, SBI said, "..the central government hereby nominates Anil Kumar Sharma, executive director, Reserve Bank of India as director on the central board of State Bank of India with immediate effect... until further orders, vice Chandan Sinha." from Banking/Finance-Industry-Economic Times https://ift.tt/3tm3r...

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General insurers face rising Covid claims

Some of them are considering repricing health premium from Business Line - Money & Banking https://ift.tt/3e542...

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IOB to issue equity shares worth ₹4,100 cr to Centre

Centre steps in to provide capital support to Bank of India, UCO Bank from Business Line - Money & Banking https://ift.tt/3uRtK...

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ICRA: Uncertainties with rising Covid cases could compound NBFCs woes

‘Asset quality pressures would play out fully this fiscal as the level of economic activities are yet to pick up’ from Business Line - Money & Banking https://ift.tt/3gfwb...

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Unfazed by Covid-19, fund raising for public issues jumped by 115% in FY21

Right issues saw an increase of 15% from Business Line - Money & Banking https://ift.tt/2PTWR...

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CreditAccess Grameen’s collection improves to 94% in Jan-March quarter

Number of women customers fully paying their loan instalments has risen to 92.4% in the quarter from Business Line - Money & Banking https://ift.tt/2Qncw...

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NHB launches ₹10,000-crore Special Refinance Facility-SRF 2021

To provide short term refinance support to Housing Finance Companies from Business Line - Money & Banking https://ift.tt/2RnON...

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Bank holiday today: Banking services shut in many regions

Banking services were shut in many parts on April 13 too — on account of Vaisakhi, Gudi Padwa, first day of Navratra, Telugu New Year’s Day, Ugadi Festival, Sajibu Nongmapanba (Cheiraoba). from Banking/Finance-Industry-Economic Times https://ift.tt/3g9M5...

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‘Data helped us expand borrower base in supplier finance segment’:

The use of data and analytics has enabled Citi to expand its borrower base in the supplier finance vertical in India, said Mridula Iyer, head - treasury & trade solutions (TTS), Citi South Asia. from Banking & Finance – The Financial Express https://ift.tt/3tgj2...

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WhatsApp Pay remains in the slow lane four months since November launch

Unified Payments Interface (UPI) transactions through WhatsApp remained tepid in March, four months since the feature went live for 20 million users on the messaging app. from Banking & Finance – The Financial Express https://ift.tt/3g5ML...

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RBI policy: Calms some nerves; just what the doctor ordered

Overall, the policy is in sync with the times and recognises the need to navigate this uncertain period with an open mind from Banking & Finance – The Financial Express https://ift.tt/3mKYl...

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Got the jab? Your bank deposit to get interest ‘booster’ dose

Insurers, too, looking to offer sops to customers getting vaccinated from Business Line - Money & Banking https://ift.tt/32aJU...

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Second COVID-19 wave may delay PSBs equity raising plans

Public sector banks in need of raising equity have begun preparations for share sales but the second wave of the coronavirus may delay their plans. from Banking/Finance-Industry-Economic Times https://ift.tt/3apZH...

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Paytm Payments Bank clocks 970 m digital transactions in March

Paytm Payments Bank Ltd (PPBL), on Tuesday, announced that it has become the top enabler of digital payments in the country by registering over 970 mi from Business Line - Money & Banking https://ift.tt/3uNtG...

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Capri Global launches ‘Prime’ affordable housing loans

Capri Global Capital Ltd. (CGCL) has launched ‘Prime’ affordable housing loans, carrying interest rate starting from 7.99 per cent for urban and rural from Business Line - Money & Banking https://ift.tt/3tgDA...

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Pine Labs acquires Malaysia-based fintech platform Fave in $45-m deal

Pine Labs, a merchant commerce platform, has acquired Fave, South-East Asia’s fast-growing fintech platform, in a deal valued at over $45 million.This from Business Line - Money & Banking https://ift.tt/2OJQS...

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Second wave of Covid poses credit-negative threat to economic recovery: Moody’s

Our Bureau The second wave of coronavirus infections poses credit-negative threat to India’s economic recovery, according to Moody’s Investors Service from Business Line - Money & Banking https://ift.tt/32aRA...

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United India Insurance, Centre’s top choice for privatisation

Other options being considered include National Insurance, Oriental Insurance from Business Line - Money & Banking https://ift.tt/3wTzZ...

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Banks to remain closed on April 14 in these cities, open in these 7 states; check full list

Banks will remain closed in most of the states on Wednesday, 14 April 2021, on account of Dr. Babasaheb Ambedkar Jayanti. from Banking & Finance – The Financial Express https://ift.tt/3gaUi...

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Bitcoin hits record high before landmark Coinbase IPO

World's biggest cryptocurrency rose 5 per cent on Tuesday to set a record of $62,741 from Business Line - Money & Banking https://ift.tt/3g6Ov...

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Systemic risk in Indian banks to remain high: S&P

"We forecast credit losses will decline to 2.2 per cent of total loans in the year ending March 31, 2022, and 1.8 per cent in fiscal 2023, after staying elevated at an average of 2.8 per cent in fiscals 2016-2021," S&P added. from Banking/Finance-Industry-Economic Times https://ift.tt/3wO94...

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DGFT’s ‘Trade Facilitation’ mobile app to promote exports

The app provides real-time trade policy updates and notifications from Business Line - Money & Banking https://ift.tt/3e17f...

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Deutsche Bank to lend ₹600 crore to NCDC

Funds to be used mainly to support NCDC’s activities around Farmer Producer Organisations from Business Line - Money & Banking https://ift.tt/3dZXi...

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Gold price fall not much of a worry for NBFCs: Crisil

On 30-day rolling basis the price has corrected about 10% over the past six months from Business Line - Money & Banking https://ift.tt/328TI...

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AT-1 bond case: SEBI imposes penalty of ₹25 crore on YES Bank

The bank needs to pay the penalty within 45 days of the receipt of the order from Business Line - Money & Banking https://ift.tt/3dfF7...

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PLI scheme: Mobile phone-makers find it difficult to meet the target for 2022, too

They face supply chain disruptions amid the global shortage in semiconductors from Business Line - Money & Banking https://ift.tt/3dWfY...

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Acute stress building up in microfinance portfolios in WB, Maha, Punjab

The department of financial services (DFS) has recently called upon the two microfinance industry organisations - Sa-Dhan and Microfinance Institutions Network (MFIN) - to assess the situation in the eastern region states. from Banking/Finance-Industry-Economic Times https://ift.tt/3dcX0...

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Housing finance companies likely to witness growth of 8-10% in FY22: Report

Icra Ratings in a report said with revival in demand for housing credit in the industry in the last two quarters, most of the HFCs have already reached near pre-Covid level disbursements and are targeting to achieve further higher disbursements in Q4 FY2021. from Banking/Finance-Industry-Economic Times https://ift.tt/3mQFq...

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Kotak Mahindra Bank wants to be challenger in home loan market, maintains low interest rate

"The product is aimed to grow our market share...we are a challenger in the market," its president for consumer assets Ambuj Chandna said over the phone. from Banking/Finance-Industry-Economic Times https://ift.tt/3sg6R...

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Penguin sells Yes Bank story rights for film to Almighty Motion Pictures

Publishing house Penguin Random House India on Monday said it has closed a deal with Almighty Motion Pictures for the audio-video rights of financial thriller 'The Banker Who Crushed His Diamonds: The YES Bank Story'. from Banking/Finance-Industry-Economic Times https://ift.tt/3g0om...

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Remain watchful of the evolving situation: RBI head tells bank chiefs

Our Bureau Reserve Bank of India (RBI) Governor Shaktikanta Das, on Monday, advised bank chiefs to remain watchful of the evolving situation amid the from Business Line - Money & Banking https://ift.tt/3mDt1...

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Now, you can send money in 100 currencies through Axis Bank Mobile App

Customers can send up to $25,000 per transaction for various purposes from Business Line - Money & Banking https://ift.tt/3dacg...

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GNPAs of housing finance companies to be 50-100 bps higher in FY21: ICRA

They also witnessed increased pressure on asset quality between April and December from Business Line - Money & Banking https://ift.tt/3gb4S...

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Kotak Mahindra Bank retains home loan rate at 6.65%

Earlier, the bank had said the special home loan rate was available until March 31, 2021. from Business Line - Money & Banking https://ift.tt/2PX48...

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Axis Bank customers can send money abroad in 100 currencies via mobile app

Customers can send money abroad in over 100 different currencies, without any need to visit a branch. They can send up to USD 25,000 per transaction for various purposes such as education fee payment, family maintenance, and health-related expenses, Axis Bank said in a statement. from Banking/Finance-Industry-Economic Times https://ift.tt/3mGMH...

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Fall in gold prices may not significantly impact NBFCs asset quality: Report

However, banks that were aggressively disbursing gold loans during the last fiscal may see some impact on their asset quality, Crisil Ratings said in a report. from Banking/Finance-Industry-Economic Times https://ift.tt/3g3Z7...

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For technical upgrade, RTGS will not be available on April 18

The NEFT system will continue to be operational as usual during this period, says RBI from Business Line - Money & Banking https://ift.tt/3tdn1...

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‘Graduates, IT professionals key crypto investors in Karnataka’

Bengaluru, Chennai and Hyderabad are some of the cities witnessing a rise in investment into crypto assets, says cryptocurrency exchange CoinDCX from Business Line - Money & Banking https://ift.tt/3d8OR...

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Pramerica Life Insurance appoints Kalpana Sampat as MD, CEO

Earlier, she was COO of the company from Business Line - Money & Banking https://ift.tt/3dWnT...

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Pramerica Life Insurance appoints Kalpana Sampat as MD, CEO

"Sampat is a respected leader in life insurance with an exceptional record. The board is optimistic that the company can deliver substantial strategic and operational progress under her able leadership," Pramerica Life Insurance Chairman Sunil Kumar Bansal said in the release. from Banking/Finance-Industry-Economic Times https://ift.tt/2QjI1...

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Rupee slips below 75/$ level in early trade ahead of key macroeconomic data release

Rising crude oil prices, foreign fund outflows, spiking Covid-19 cases and heavy selling in domestic equities weighed on the domestic currency from Business Line - Money & Banking https://ift.tt/3dbPL...

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The outlook is optimistic and we look forward to grow: Kotak Life MD and CEO

Optimistic about the prospects of the life insurance industry, G Murlidhar, Managing Director and CEO, Kotak Mahindra Life Insurance says expectations from Business Line - Money & Banking https://ift.tt/3dbd5...

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Large Public Sector Banks speed up digitisation in the post-merger new normal

PSBs had a large customer base even before the mergers took place over the last few years, but the expansion in that base helps justify the cost of digitisation. from Banking & Finance – The Financial Express https://ift.tt/2QhBj...

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Bandhan plans to set up hospital, university: Chandra Shekhar Ghosh

Bandhan-Konnagar still exists as an NGO and is committed to running developmental interventions across healthcare, education, livelihood promotion, financial literacy and employment generation. from Banking & Finance – The Financial Express https://ift.tt/3t4To...

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Jan Dhan accounts see unusual surge in total balance in March

Defying the normal pattern, total balance in the basic bank accounts under the Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts is showing a significan from Business Line - Money & Banking https://ift.tt/3d5XI...

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SBI plans to add 7,000 customer service points in FY22

Our Bureau State Bank of India (SBI) plansto engage around 15 Corporate Business Correspondents (BCs) who will setup about 7,000 customer service poin from Business Line - Money & Banking https://ift.tt/2Qgv3...

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SBI collects Rs 300 cr from zero balance accounts for certain services in 5-yr: Study

The study observed that the SBI's decision to levy a charge of Rs 17.70 for every debit transaction beyond four by the BSBDA account holders cannot be considered as "reasonable." from Banking/Finance-Industry-Economic Times https://ift.tt/3wLp2...

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Coming soon: Wage revision for LIC staff

LIC management to hold virtual session with unions tomorrow from Business Line - Money & Banking https://ift.tt/3uGnK...

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