Term insurance premium set to rise as reinsurers tighten norms due to pandemic

Hit badly by the surge in Covid claims necessitating reinsurers to hike rates. from Business Line - Money & Banking https://ift.tt/2YiWN...

Read more »

CBDCs are designed to be very stable: IMF

Majority of central banks are exploring them from Business Line - Money & Banking https://ift.tt/3l1Km...

Read more »

Crypto assets pose financial stability challenges: IMF report

But have potential in cross-border payments and instant currency conversion from Business Line - Money & Banking https://ift.tt/2Yd7m...

Read more »

Enforcement Directorate says bank loan fraud was mutually beneficial to Avantha, Yes Bank

To buttress its charge that the fraud benefitted Avantha and Yes Bank, the agency referred to emails dated August 4, 2017, and August 8, 2017, purportedly sent by Thapar to Rana Kapoor, the then managing director and chief executive of Yes Bank. from Banking/Finance-Industry-Economic Times https://ift.tt/3D5Rg...

Read more »

RBI advises Dhanlaxmi Bank to ensure transparency in nominating directors

The board kept in abeyance the recommendations of the nomination and remuneration committee of the bank, including the reappointment of prominent investor Ravi Pillai. from Banking & Finance – The Financial Express https://ift.tt/2WBmn...

Read more »

Indian Bank picks up 13.2% stake in NARCL

Three state-owned lenders -- SBI, Union Bank of India and PNB -- had picked up over 12 per cent stake each in NARCL on Thursday. from Banking/Finance-Industry-Economic Times https://ift.tt/2ZFiw...

Read more »

GIFT City reaches Dubai drumming for global investments

For the first time, it is wooing such a large gathering at an international forum - DubaiExpo2020 - next week where representatives from more than 190 countries will participate. Two dedicated panel discussions will detail business opportunities in the GIFT City. from Banking/Finance-Industry-Economic Times https://ift.tt/3zYv9...

Read more »

Banks ring in festivities with steep cuts in home loan rates

For fresh loans, HSBC, the British lender's local branches will offer lending at 6.70 per cent, which is at par with sector leaders like SBI and HDFC. Yes Bank also cut its rate to the same level in a review and is aiming for doubling the book size during the limited period offer. from Banking/Finance-Industry-Economic Times https://ift.tt/3utdg...

Read more »

Wellness Forever looks to raise ₹1,600 crore through IPO

Adar Poonawalla-backed company becomes the second pharmacy to do so from Business Line - Money & Banking https://ift.tt/3kZV9...

Read more »

HSBC, Bajaj Housing Finance reduce home loan rates

HSBC India has also waived off processing fee from Business Line - Money & Banking https://ift.tt/3ut8r...

Read more »

Indian Bank inks MoU with NBFCs for priority sector lending

Ties up with Indiabulls Housing Finance, Indiabulls Commercial Credit and IIFL Home Finance from Business Line - Money & Banking https://ift.tt/3kYWD...

Read more »

UPI records 365 crore transactions worth ₹6.54-lakh cr in September

This was the third straight month with more than 300 crore transactions on the platform from Business Line - Money & Banking https://ift.tt/3F7G3...

Read more »

Improved revenue structure for NPS’ Point of Presence coming soon, says PFRDA Chief Bandyopadhyay

Number of new subscribers onboarded in the first half of this fiscal grew 60 per cent against the same period last year from Business Line - Money & Banking https://ift.tt/3uuEt...

Read more »

BC Patnaik takes charge as MD of LIC

He was appointed as Managing Director by Government of India notification dated July 5, 2021 from Business Line - Money & Banking https://ift.tt/3AYIv...

Read more »

SRBC & Co LLP resigns as the auditor of IL&FS

NFRA report highlighted that the continuation of SRBC & Co LLP as statutory auditor of ITNL was prima facie illegal from Business Line - Money & Banking https://ift.tt/3zW9i...

Read more »

World Bank to extend $150 million to Chennai’s Sustainable Urban Services Programme

This programme will support the TN Government in its efforts to transform the city and its services from Business Line - Money & Banking https://ift.tt/2Y8wr...

Read more »

B C Patnaik takes charge as MD of LIC

Prior to taking charge as MD of LIC, Patnaik was the Secretary General, Council for Insurance Ombudsman, (CIO) Mumbai, the insurance behemoth said. Patnaik, joined as a Direct Recruit Officer in 1986. Currently, LIC has a chairman and four managing directors. from Banking/Finance-Industry-Economic Times https://ift.tt/3kZrz...

Read more »

Piramal Capital & Housing Finance acquires DHFL via reverse merger

In November 2019, RBI had referred DHFL -- then the third-largest pure-play mortgage lender -- for resolution under the Code. DHFL had gone bankrupt with more than Rs 90,000 crore in debt to various lenders, including banks, mutual funds and individual investors who kept fixed deposits with the company. from Banking/Finance-Industry-Economic Times https://ift.tt/3B2N8...

Read more »

Delay in refunds from Income Tax department hurting cash-flow, say businessmen

Several businessmen and their accountants said refunds are taking time in cases where the amount is more than Rs 1 crore. This situation is pushing some businessmen to go for expensive loans, a chartered accountant said. from Banking/Finance-Industry-Economic Times https://ift.tt/2ZD1M...

Read more »

Piramal Capital merges with DHFL

The acquisition is in line with a strategic roadmap to transform and expand PEL’s financial services business from Business Line - Money & Banking https://ift.tt/3a0IS...

Read more »

ICAs signed for all assets going to NARCL in first tranche: SBI

In terms of the shareholding of NARCL, private-sector banks have come forward and they are in the process of obtaining the requisite approvals in order to invest in the entity, Khara said. from Banking & Finance – The Financial Express https://ift.tt/3mfYI...

Read more »

Dhanlaxmi Bank shareholders reject appointment of statutory auditors

The shareholders also rejected the resolution of authorizing the board of directors to appoint and fix the remuneration of branch auditors. from Banking & Finance – The Financial Express https://ift.tt/3uqSF...

Read more »

Retirement Planning is Pertinent

from Banking/Finance-Industry-Economic Times https://ift.tt/3zT52...

Read more »

Asset Allocation explains Salil Kothari of Cyclo Investments

from Banking/Finance-Industry-Economic Times https://ift.tt/39TPF...

Read more »

Mispricing of risk due to excess liquidity: Dinesh Khara, chairman, State Bank of India

The focus would be to encourage people to borrow and to generate demand with the convenience of the funds available in the form of loans. It will be for all segments. from Banking & Finance – The Financial Express https://ift.tt/3B0gy...

Read more »

Lenders approach RBI after ₹30,000 crore Srei loans turn NPA

In response to a query from ET, a Srei Group spokesperson said the economic downturn and loan moratoriums provided by the regulator had affected operations. The group is now in discussions with banks to implement a restructuring scheme. from Banking/Finance-Industry-Economic Times https://ift.tt/3F8Vg...

Read more »

Customers to face disruption as only 60% banks are auto debit norm ready

With the Reserve Bank of India’s new auto-debit norms coming into effect from Friday, consumers may face some disruption as only about 60 per cent of from Business Line - Money & Banking https://ift.tt/3mbI8...

Read more »

National Insurance Academy collaborates with GIFT City to strengthen insurance vertical

This collaboration will facilitate capacity building in insurance and risk management space for participants in GIFT City, according to a statement on Thursday. from Banking/Finance-Industry-Economic Times https://ift.tt/3kTBU...

Read more »

Housing credit fintech Homeville raises $7 million

Company is building a platform for mortgage underwriting and delivery from Business Line - Money & Banking https://ift.tt/3F64z...

Read more »

Payback India launches Pay feature on its app, powered by BharatPe

Payback will soon be adding the feature of redemption of points at BharatPe’s QRs from Business Line - Money & Banking https://ift.tt/2ZABW...

Read more »

Indel Money ties up with IndusInd Bank for gold loan co-lending partnership

IndusInd Bank will take into its book 80 per cent of the gold loans generated, while the remaining 20 per cent will be funded by Indel Money from Business Line - Money & Banking https://ift.tt/3AV9z...

Read more »

Financial services company FIS to hire 10,000 people in India

There will be a special focus on hiring graduates from tier 2 and 3 cities from Business Line - Money & Banking https://ift.tt/3ijZE...

Read more »

Max Life AUM crosses Rs 1 lakh crore, grows 6 times in over a decade

The private sector life insurer said it has witnessed a notable six-times growth in its annualised AUM over the past 11 financial years. from Banking/Finance-Industry-Economic Times https://ift.tt/3EXKF...

Read more »

New auto debit rules of RBI set to kick in from Friday

On December 4, RBI had directed all banks including RRBs, NBFCs, and payment gateways that the processing of recurring transactions (domestic or cross-border) using cards or Prepaid Payment Instruments (PPIs) or Unified Payments Interface (UPI) under arrangements/practices not compliant with AFA would not be continued beyond March 31, 2021. from Banking/Finance-Industry-Economic Times https://ift.tt/3oiiP...

Read more »

NPCI is estimating 25 million new mandate registrations for recurring payments by the end of fiscal

Last year we had 22 billion UPI transaction volumes and this year we are expecting that to touch 40-42 billion, Says Dilip Asbe, MD and CEO, NPCI from Business Line - Money & Banking https://ift.tt/3D2tz...

Read more »

India poised to become largest digital market with rapid expansion of mobile and internet network: Piyush Goyal

"This can be leveraged to make fintech hub," he said addressing, Global FinTech Fest, on Thursday. from Banking/Finance-Industry-Economic Times https://ift.tt/3olyp...

Read more »

Indian Overseas Bank shares jump 20% as RBI removes it from PCA framework

IOB was taken off PCAF following improvement in various parameters and a written commitment that it will comply with the minimum capital norms from Business Line - Money & Banking https://ift.tt/3upLV...

Read more »

InnoVen Capital India Fund announces first close at ₹740 crore

The fund has a target corpus of ₹1,000 crore, with a green shoe option to raise an additional ₹1,000 crore from Business Line - Money & Banking https://ift.tt/3urdF...

Read more »

KLM Axiva Finvest comes out with NCD issue

Firm aims to raise ₹200 crore and the entire amount will be used for the expansion of gold loans from Business Line - Money & Banking https://ift.tt/2ZO2E...

Read more »

Treasury storm may impact India, Indonesia bonds less than others

Sovereign bonds from India and Indonesia are seen better placed to weather the impact of rising US yields thanks to their wider rate differential over Treasuries from Business Line - Money & Banking https://ift.tt/3D1zo...

Read more »

AU Small Finance Bank signs pact with NABARD to boost rural development projects in Rajasthan

The memorandum envisages a joint initiative to benefit farmers, Farmer Producer Organisations (FPOs), Self Help Groups (SHGs), rural artisans, agri-entrepreneurs, and agri-startups in the State from Business Line - Money & Banking https://ift.tt/3AYvf...

Read more »

Kerala High Court asks Dhanlaxmi Bank to adjourn AGM

The single bench of the high court gave an interim order directing the bank to adjourn the AGM to a day after one month after transacting the businesses included in the agenda for the meeting. from Banking & Finance – The Financial Express https://ift.tt/3F4qJ...

Read more »

Three simple steps to succeed at investing

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

Read more »

HDFC Bank issues 4 lakh credit cards post-RBI ban

The bank also plans to partner with other entities to expand its customer base. Last week, HDFC Bank had announced a strategic tie-up with Paytm to deliver financial solutions to consumers and merchants across the country. from Banking & Finance – The Financial Express https://ift.tt/3onZ6...

Read more »

Retirement A Milestone in Your Life ! Make The Most of It !

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

Read more »

Retirement Planning for Financial Freedom

from Banking/Finance-Industry-Economic Times https://ift.tt/2Yg7C...

Read more »

Rate of growth has to be much higher to 'repair' cash flow of businesses: SBI's Dinesh Khara

There was already a tendency to slow down before the pandemic; so having come to pre- pandemic is positive but it is not good enough, says Dinesh Khara from Banking/Finance-Industry-Economic Times https://ift.tt/3ATYY...

Read more »

Core capacity addition signals demand revival, says SBI chairman Dinesh Kumar Khara

New Delhi's various incentive schemes to boost manufacturing in the country and spending by state-run companies in augmenting capacities could spill over to other segments, says the SBI boss. from Banking/Finance-Industry-Economic Times https://ift.tt/3ihmo...

Read more »

Indian Bank’s festive campaign offers special rates to boost retail loan growth

Highlights of the campaign include relaxation in the rates of interest for home loans, vehicle loans and jewellery loan schemes along with a blanket 100% waiver of processing charges. from Banking & Finance – The Financial Express https://ift.tt/2Y5s0...

Read more »

Tata AIA Life Insurance joins hands with Procto for online medical consultation

Tata AIA Life Insurance has extended online medical consultation through Practo to new eligible consumers of specified products. As part of the alliance, Tata AIA consumers can avail themselves of online medical consultations from verified doctors anywhere, anytime. The life insurer said the tie-up goes far beyond the traditional insurance approach that is limited to efficient claim settlement. from Banking/Finance-Industry-Economic Times https://ift.tt/3ok62...

Read more »

World Heart Day: 63% fall in health insurance claims for heart disease

The drop is sharper for women at 63.8% than men at 62.4%, as per the ICICI Lombard data. from Banking/Finance-Industry-Economic Times https://ift.tt/3kPz3...

Read more »

HDFC bank issues 400,000 credit cards after embargo

After the embargo on HDFC Bank was lifted last month, they have issued over 400,000 credit cards. This signifies the aggressive growth that the private lender has made since then. This record issuance is as of September 21, 2021. HDFC Bank was looking to get back to its pre-embargo run rate of 300,000 credit cards per month, which they had planned to achieve in the next 2-3 months. After that, they expected to hit 500,000 credit cards per month from February 2022 from Banking/Finance-Industry-Economic Times https://ift.tt/3ihNK...

Read more »

Exotel raises $35 m funding from IIFL, Sistema Asia Fund, others

The fresh funds will be used primarily to boost the growth of the company from Business Line - Money & Banking https://ift.tt/3mad8...

Read more »

Northern Arc raises ₹100 crore debt from Sumitomo Mitsui Banking

Will use proceeds to cater to credit demands of small enterprises and agri-businesses from Business Line - Money & Banking https://ift.tt/3oc9D...

Read more »

HDFC Bank issues 4 lakh cards since lifting of embargo

The bank also announced the relaunch of three cards, including HDFC Bank’s Millennia, MoneyBack+ and Freedom from Business Line - Money & Banking https://ift.tt/3kQaS...

Read more »

Piramal pays lenders for DHFL acquisition

Combined entity to have over 10 lakh customers with presence in 24 States from Business Line - Money & Banking https://ift.tt/39KVU...

Read more »

Central banks parse inflation risk as turn from pandemic policy begins

They are confronted with common supply shocks and common risks around a pandemic that continues to shape commerce from Business Line - Money & Banking https://ift.tt/2Y2O4...

Read more »

MFine raises $48 m funding from Moore Strategic Ventures, BEENEXT and others

The new round of funding will help MFine invest in expanding its hospital, diagnostics and e-pharmacy network across the country from Business Line - Money & Banking https://ift.tt/3zOdd...

Read more »

Rupee slips 13 paise to 74.19 against US dollar in early trade

the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading down 0.06 per cent at 93.71 from Business Line - Money & Banking https://ift.tt/2Y0j3...

Read more »

Suryoday SFB to discontinue ATMs from October 1

Customers can use debit cards at other ATMs from Business Line - Money & Banking https://ift.tt/3mbzG...

Read more »

ED provisionally attaches assets worth ₹578 crore in UPPCL-DHFL case

Investigation reveals ₹4,122.70 crore was illegally invested in DHFL fixed deposits from Business Line - Money & Banking https://ift.tt/3oeiG...

Read more »

Piramal completes acquisition of DHFL for Rs 34,250 crore, biggest resolution in value terms

Lenders led by State Bank of India (SBI) are set to log recoveries of ?37,400 crore this week, as Piramal Capital and Housing Finance's (PCHF) acquisition of Dewan Housing Finance (DHFL) should be completed this month itself, multiple people aware of the deal told ET. from Banking/Finance-Industry-Economic Times https://ift.tt/2Wksr...

Read more »

Why Financial Planning Required for Doctors, Actors & Artists

from Banking/Finance-Industry-Economic Times https://ift.tt/39LVl...

Read more »

Are you paying attention to your Asset Allocation while investing?

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

Read more »

How can small and medium entrepreneurs invest?

from Banking/Finance-Industry-Economic Times https://ift.tt/2ZHpN...

Read more »

Soiled notes taking more space than usable ones, banks tell RBI

RBI regional offices can hand out approvals for increasing the cash holding limits, the person said. The central bank has embarked on a 'clean note policy', which includes retrieval and processing of banknotes received from currency chests and destruction of soiled banknotes in an automated manner. from Banking/Finance-Industry-Economic Times https://ift.tt/3um9W...

Read more »

Suryoday Bank decides to shut down own ATMs, the first domestic lender to do so

The small finance bank is now formulating a strategy where it would offer its customers 5-7 transactions free per month when they use the ATM network of other banks to withdraw cash. from Banking/Finance-Industry-Economic Times https://ift.tt/2ZGQz...

Read more »

UPI transaction value doubled to ₹6.06 lakh crore in July

UPI platforms saw a 109% jump as consumers took to digital payments for daily essentials at local stores as well as premium purchases. from Banking/Finance-Industry-Economic Times https://ift.tt/3mp3U...

Read more »

Fintechs need to be regulated, says RBI deputy governor T Rabi Sankar

Banks bridge temporal gaps in requirement of money by providing liquidity services, Sankar said, as they are uniquely placed by dint of their ability to create money and credit. from Banking & Finance – The Financial Express https://ift.tt/3AU3i...

Read more »

India beats global average in fintech adoption: FM Nirmala Sitharaman

The value of digital transactions in India jumped to Rs 6 lakh crore in January-August 2021 from Rs 4 lakh crore in the entire 2020 and Rs 2 lakh crore in 2019, she said. from Banking & Finance – The Financial Express https://ift.tt/39I0X...

Read more »

Muthoot Finance launches AI-powered virtual assistant

Available on the website and mobile app, the intelligent assistant enables users to apply for loans, address concerns, and perform transactions like checking account balance, paying gold loan interest, availing loan top-ups and making part payments. from Banking & Finance – The Financial Express https://ift.tt/3zPEM...

Read more »

Banks get RBI nod to use any other ARR in place of LIBOR

For interest payable in respect of export/import transactions from Business Line - Money & Banking https://ift.tt/3AOON...

Read more »

Star Housing Finance's loan book hits Rs 100 cr so far this fiscal

Star Housing Finance Ltd, a non-banking financial company, is active in rural areas of Rajasthan. It provides low-ticket housing finance to first-time homebuyers. from Banking/Finance-Industry-Economic Times https://ift.tt/3AOTi...

Read more »

Watch: Changes in the new auto-debit rule explained

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

Read more »

FinTech regulation should be more entity-based than activity-based: RBI deputy governor

Without naming the Google and Equitas tie up to garner deposits, T Rabi Sankar, RBI deputy governor while speaking at the Global FinTech Fest also said that entities other than banks are not allowed to directly deal in deposits. from Banking/Finance-Industry-Economic Times https://ift.tt/3zZ7O...

Read more »

NPCI, YES Bank launch RuPay On-the-Go

The wearable payment solution would eliminate need to carry a physical card from Business Line - Money & Banking https://ift.tt/3kPDm...

Read more »

Muthoot Finance launches AI-powered virtual assistant 'Mattu'

The intelligent assistant enables users to apply for loans, address concerns, perform various transactions and much more. from Business Line - Money & Banking https://ift.tt/3CXiR...

Read more »

Data privacy should not be compromised in using fintech: FM

Addressing the fintech industry, the minister said the value of digital transactions jumped to Rs 6 lakh crore in January-August 2021 from Rs 4 lakh crore and Rs 2 lakh crore in 2020 and 2019, respectively. from Banking/Finance-Industry-Economic Times https://ift.tt/2ZyhO...

Read more »

Yes bank scam: HC rejects bail pleas of Rana Kapoor’s wife, daughters

As per the CBI, Rana Kapoor and his family members had allegedly received kickbacks of around Rs 600 crore for an investment of Rs 3,700 crore made by Yes Bank in DHFL’s debentures. from Banking/Finance-Industry-Economic Times https://ift.tt/39JKU...

Read more »

Mumbai HC refuses bail to Yes Bank founder Rana Kapoor's wife, daughters in DHFL corruption case

The three had approached the High Court last week, challenging a special CBI court order of September 18 from Business Line - Money & Banking https://ift.tt/3EZqJ...

Read more »

Capital Float raises $50 m funding from Lightrock India, others

The funds raised will be used to strengthen and scale Capital Float’s BNPL platform and expand its partner ecosystem from Business Line - Money & Banking https://ift.tt/3igo2...

Read more »

HC refuses bail to Yes Bank founder Rana Kapoor's wife, daughters in DHFL corruption case

The three had approached the HC last week, challenging a special CBI court order of September 18 which refused them bail while noting that they had, prima facie, caused a loss of Rs 4,000 crore to the Yes Bank through illegal acts. from Banking/Finance-Industry-Economic Times https://ift.tt/3ER7F...

Read more »

LIC seeks to appoint CFO before its mega IPO planned in 2021/22

LIC is currently undergoing a valuation exercise for an IPO that could be India's biggest ever as the government seeks to raise around 900 billion Indian rupees by selling 5%-10% stake in the company by the end of the fiscal year that runs through March. from Banking/Finance-Industry-Economic Times https://ift.tt/3ARvm...

Read more »

SBI's loan restructuring 2.0: Terms, who is eligible, how to apply

The country's largest public sector lender, State Bank of India (SBI) has released the guidelines adopted by the bank with regard to implementation of the Resolution Framework 2.0 for Covid19 related stress on its website. from Banking/Finance-Industry-Economic Times https://ift.tt/3AT11...

Read more »

Central bank digital currency can boost innovation in cross-border payments: RBI Deputy Governor

T Rabi Sankar says it can help overcome key challenges relating to time zone and exchange rate differences from Business Line - Money & Banking https://ift.tt/39H9d...

Read more »

Fintech can help check digital frauds, says RBI Deputy Governor Sankar

The Reserve Bank Deputy Governor T Rabi Sankar said fintech holds promise to prevent frauds, which has become apparent as the pace of digital penetration has outstripped awareness. "... We need to concentrate and focus all our attention on minimising digital fraud... We need to up our guard against digital frauds and cyber crimes," Sankar stressed. from Banking/Finance-Industry-Economic Times https://ift.tt/3icOE...

Read more »

ICICI Bank faces intermittent downtime on payment stack

It could not be ascertained what was the glitch that was causing this issue, though a few users said the issue was going on since a “few hours.” It could not be ascertained how many ICICI Bank customers were impacted due to the downtime. from Banking/Finance-Industry-Economic Times https://ift.tt/3oeOW...

Read more »

Rupee inches 8 paise higher to 73.75 against US dollar in early trade

Forex traders said rupee is trading in a narrow range as weakness of Asian currencies, firm crude oil prices and strong dollar weighed on the domestic unit from Business Line - Money & Banking https://ift.tt/3icPR...

Read more »

SEBI tightens risk management rules for mutual funds

The new rules mandate the appointment of a chief risk officer, creation of risk management committees and maintaining metrics to manage risks from Business Line - Money & Banking https://ift.tt/3CRLd...

Read more »

Make the most of your Golden Life

from Banking/Finance-Industry-Economic Times https://ift.tt/3uj2M...

Read more »

Why Should Professionals Have a Plan? shares Naresh Kumar of Wealocity

from Banking/Finance-Industry-Economic Times https://ift.tt/3kLC6...

Read more »

Tax evasion, money laundering via shell companies set to get tougher

Using 'shell' companies to launder money or dodge tax will become tougher with a tribunal ruling last week shifting the 'burden of proof' from the income tax (I-T) department to the taxpayer dealing with such private entities which, though legal, simply serve as conduits for fund from Banking/Finance-Industry-Economic Times https://ift.tt/3uiRt...

Read more »

DHFL lenders set to mark ₹37,400 crore recovery this week, the biggest among NPAs this fiscal

Lenders led by State Bank of India (SBI) are set to log recoveries of ₹37,400 crore this week, as Piramal Capital and Housing Finance's (PCHF) acquisition of Dewan Housing Finance (DHFL) should be completed this month itself, multiple people aware of the deal told from Banking/Finance-Industry-Economic Times https://ift.tt/3ieYT...

Read more »

Federal Bank launches contactless credit card

Virtually launching the card, Shalini Warrier, the bank’s executive director & business head- retail, said, “Federal Bank has, yet again, ensured that the mantra of ‘Digital at the fore, human at the core’ comes to life via this latest offering, the RuPay credit card. from Banking & Finance – The Financial Express https://ift.tt/3zLvY...

Read more »

Banks put loans worth over Rs 10,000 crore on sale in Q2

The assets on the block include some large accounts as well as some loans to small businesses where exposure is under Rs 50 crore. from Banking & Finance – The Financial Express https://ift.tt/3kHuG...

Read more »

NFRA Chief’s term ends on Thursday; no clarity yet on successor, second term

Sridharan was appointed as Chairperson on October 1, 2018 for three-year period from Business Line - Money & Banking https://ift.tt/3m3w6...

Read more »

Federal Bank partners with NPCI for RuPay credit card

The card will come with the lowest APR starting from 5.88% per annum from Business Line - Money & Banking https://ift.tt/2Wmgm...

Read more »

RBI imposes Rs 2 crore penalty on RBL Bank

The RBI said it had also issued a notice to the bank asking it to explain why a penalty should not be imposed on it. from Banking/Finance-Industry-Economic Times https://ift.tt/39NuW...

Read more »

Securitisation pool collections improve as restrictions ease: Crisil Ratings

Collection ratios in mortgage-backed securitisation pools have rebounded to near-100 per cent during July and August from Business Line - Money & Banking https://ift.tt/3CRQQ...

Read more »

RBI imposes ₹11-lakh penalty on The Jammu & Kashmir State Co-operative Bank

Report had revealed that the bank had opened branches without obtaining the prior permission of RBI from Business Line - Money & Banking https://ift.tt/3zKwP...

Read more »

Are bad banks really good?

As India recovers from its hardest ever economic hit due to Covid-19 the challenges going to be faced by the Bad Bank are not going to be easy but if tackled properly this could provide a much-needed moment of renaissance to the entire Indian Banking Sector. from Banking & Finance – The Financial Express https://ift.tt/3CMnn...

Read more »

Recurring card payments to be affected as new credit, debit card rules kick in from October 1

​This move by RBI can take growth in recurring payment mandates off the charts even though there might be disruptions in the short term, said Shashank Kumar, Razorpay chief technology officer and co-founder. from Banking/Finance-Industry-Economic Times https://ift.tt/3kHZD...

Read more »

Avanse Financial Services​​ ​appoints Vineet Mahajan as​ CFO

Mahajan joins the firm from Aavas Financiers where he served as the treasury head for almost two years. He has also worked with Edelweiss Group for almost eight years and has successfully managed borrowings and spearheaded multiple debt public issues. from Banking/Finance-Industry-Economic Times https://ift.tt/3AKeA...

Read more »

Securitisation pool collections improve as restrictions ease: Crisil Ratings

Collection ratios in mortgage-backed securitisation pools rebound to near 100 per cent from Business Line - Money & Banking https://ift.tt/2XRGO...

Read more »

88academics India raises $3 m funding from Aarin Capital Partners, others

Firm will use the funds to develop India specific content for the K-12 segment from Business Line - Money & Banking https://ift.tt/3ujiK...

Read more »

Xander Group invests ₹78 crore in Sanctum Wealth

The investment will be made through Xander’s Singapore-based financial services arm and the funds will be used to strengthen Sanctum’s operating platform and increase its client coverage from Business Line - Money & Banking https://ift.tt/3obYF...

Read more »

ATM players in a tough spot

Some of them may have to exit the business or scale down the network if the Reserve Bank of India implements fines for non-replenishment of ATMs from Business Line - Money & Banking https://ift.tt/3i9UF...

Read more »

DHFL Case: NCLAT to hear FD, NCD holders and Wadhawan's plea on September 29

In June, the Mumbai bench of the National Company Law Tribunal (NCLT) approved the resolution plan of Piramal Capital and Housing Finance Limited. However, the order was challenged by Wadhawan at the appellate tribunal. from Banking/Finance-Industry-Economic Times https://ift.tt/3id3M...

Read more »

ICICI Bank to offer instant OD to sellers registered on amazon.in

The facility leverages advanced data analytics from Business Line - Money & Banking https://ift.tt/39MtG...

Read more »

Akudo raises $4.2 m seed funding from Y Combinator, JAFCO Asia, others

The seed round also saw participation from Tribe Capital, Cabra Capital, and marquee angels like Lalit Keshre (Groww co-founder), Rohit Taneja (Decentro co-founder) and others from Business Line - Money & Banking https://ift.tt/3icxh...

Read more »

2021 Bank Holidays October: Banks to remain shut for up to 21 days in October; check full list here

List of Bank Holidays in October 2021, Bank Holidays in October 2021 in India: Banks in India will remain closed for up to 21 days in October 2021, including second and fourth Saturdays, and Sundays. from Banking & Finance – The Financial Express https://ift.tt/3oazR...

Read more »

Rupee slips 5 paise to 73.73 against US dollar in early trade

The dollar index, which gauges the greenback's strength against a basket of six currencies, fell by 0.11 per cent to 93.22 from Business Line - Money & Banking https://ift.tt/3id7H...

Read more »

Pivotal week for Indian traders may pave way for foreign inflows

Indian debt on a watchlist for potential upgrading with the RBI and finance ministry will decide the borrowing plan on Monday from Business Line - Money & Banking https://ift.tt/2ZtKh...

Read more »

India needs 4-5 more 'SBI size' banks to meet changing requirements of economy: FM Sitharaman

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

Read more »

Wealth Creation explains Ankeet Deliwala of Pinnacle Funds Mart

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

Read more »

Deepen network in rural India: Nirmala Sitharaman to Banks

Finance minister Nirmala Sitharaman said the IBA should digitalise and map banking presence in each districts and identify gaps, adding that she is not against digitalisation. from Banking/Finance-Industry-Economic Times https://ift.tt/2WflK...

Read more »