China banks post profits but warn of instability

The Industrial & Commercial Bank of China -- the country's largest bank -- posted a net profit of 297.68 billion yuan in 2018, a 4.1 percent increase.

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China banks post profits but warn of instability

The Industrial & Commercial Bank of China -- the country's largest bank -- posted a net profit of 297.68 billion yuan in 2018, a 4.1 percent increase.

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Branches of Vijaya, Dena Bank to function as BoB outlets from Monday: RBI

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Branches of Vijaya, Dena Bank to function as BoB outlets from Monday: RBI

The merger of Vijaya Bank and Dena Bank with Bank of Baroda, will be effective from April 1, 2019.

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Vijay Chandok to head ICICI Securities

Private lender ICICI Bank on Saturday said Vijay Chandok will be the MD and CEO of its subsidiary ICICI Securities with effect from May 7, 2019. Chan

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China banks post profits but warn of instability

The Industrial & Commercial Bank of China -- the country's largest bank -- posted a net profit of 297.68 billion yuan in 2018, a 4.1 percent increase.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2CKgpTj

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Branches of Vijaya, Dena Bank to function as BoB outlets from Monday: RBI

Branches of Vijaya Bank and Dena Bank will function as Bank of Baroda outlets from April 1, following amalgamation of the two lenders with the latter

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RBI should extend fintech sandbox guidelines to its regulation making process also, says expert

The guidelines to be adopted by the RBI for regulatory sandbox should also be applicable in the central bank's regulation-making process and designing policies, by adopting the Regulatory Impact Assessment (RIA) framework.

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RBI should extend fintech sandbox guidelines to its regulation making process also, says expert

The guidelines to be adopted by the RBI for regulatory sandbox should also be applicable in the central bank's regulation-making process and designing policies, by adopting the Regulatory Impact Assessment (RIA) framework.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2CN5ng6

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RBI should extend fintech sandbox guidelines to its regulation making process also, says expert

The guidelines to be adopted by the RBI for regulatory sandbox should also be applicable in the central bank's regulation-making process and designing policies, by adopting the Regulatory Impact Assessment (RIA) framework.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2CN5ng6

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PNB pares stake in PNB Housing, raises Rs 1,851 crore

As per the agreement, PNB will sell 1,08,91,733 equity shares held in PNB Housing Finance Ltd (PNBHF) to General Atlantic Group at a price of Rs 850 per share, aggregating to Rs 925.80 crore.

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‘IBC changed India Inc’s view on default’

CEA Subramanian says firms now want to settle fearing loss of control over biz

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Nirav Modi’s plea fails to cut ice in UK court, to continue in jail

Extraordinary allegations were levelled during the hearing

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Backlash against cashless stores in US fails to dent $95-t industry

A mounting backlash against cashless stores is not slowing growth in the $95-trillion payments industry.Even as some US cities seek to protect low-inc

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Asian bankers eye follow-on capital raising

Bankers in Asia are betting on newly-listed companies returning to the markets for fresh capital as last year’s flood of initial public offerings (IPO

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SBI Caps to hunt for new investors for Jet Airways

Former SBI chairman AK Purwar would take charge as chairman of the interim board as promoter Naresh Goyal has relinquished his position following lenders’ demand.

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SBI plans to bring more high net worth customers into its fold

SBI has opened wealth management service in 44 major centres so far with a network of 121 wealth hubs.

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SIB appoints additional director

South Indian Bank has announced the appointment of Pradeep M Godbole as an additional director of the bank. He is a Chartered Accountant with more tha

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ED seizes ₹10-crore property from ICICI Bank employee

Also seizes ₹5-crore in cash; fraud was perpetuated using cancelled and unused cheques

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Despite merger with BoB, Vijaya and Dena to retain logos for a while

Old signages will be used for a few more months to avoid confusion, says Dena official

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Tamil Nadu banks to amalgamate

Indian Bank, on Friday, said the Department of Financial Services, Ministry of Finance, has issued a notification for amalgamation of Pallavan Grama B

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PNB pares stake in PNB Housing, raises Rs 1,851 crore

As per the agreement, PNB will sell 1,08,91,733 equity shares held in PNB Housing Finance Ltd (PNBHF) to General Atlantic Group at a price of Rs 850 per share, aggregating to Rs 925.80 crore.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2FDLE30

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Debtors need to honour contracts, says chief economic advisor

The debt contract in itself has moral essence with the equity holder and the businessman keeps all the goods and repays the obligations to the banks.

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NCLAT seeks details of IL&FS dues

It said whatsoever step is taken by the board and the government for resolution of IL&FS would have to be passed by the appellate tribunal.

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Sensex climbs 127 points; Nifty settles above 11,600

In the sensex pack, Vedanta rallied 3.20 per cent, followed by Tata Steel, M&M, Tata Motors, ONGC, Hindustan Unilever, Maruti, Hero MotoCorp, HDFC, Bajaj Finance, SBI, HDFC Bank, HCL Tech, Coal India, Sun Pharma, Infosys, Reliance and Bharti Airtel, rising up to 2.69 per cent.

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Govt keeps small savings rates unchanged for Q1 FY20

The government has kept the interest rates on small savings schemes, including NSC and PPF, unchanged for the April-June quarter.Public Provident Fun

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Veritas Finance raises ₹ 80 crore via listed NCDs

Non-banking finance company Veritas Finance on Friday said it has completed the private placement of ₹ 80 crore through issue of listed NCDs.The fund

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Wells Fargo CEO Tim Sloan steps down after rocky tenure

Sloan said in a statement he will give up his roles as CEO and president as well as his seat on the board, effective immediately. He will fully retire from the bank on June 30.

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PNB sells 13.01% stake in housing finance arm for ₹1851.60 cr

Punjab National Bank (PNB) has sold 13.01 per cent stake in PNB Housing Ltd (PNBHF) to General Atlantic Group and VardePartners for ₹1851.60 crore.Th

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ICICI Bank expects outstanding home loan book at Rs 2L crore by March 2020

For final disbursal, the customer will have to visit the branch along with the sanction letter and documents to the home they wish to purchase.

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Sensex surges over 200 points; Nifty tops 11,600-mark

Top gainers include Vedanta, Yes Bank, SBI, Tata Motors, Tata Steel, Sun Pharma, HCL Tech, M&M, NTPC, TCS and HUL, rising up to 2.22 per cent. While, IndusInd Bank, Bajaj Auto, Bajaj Finance, Coal India, HDFC, PowerGrid and Axis Bank were among the top laggards, shedding up to 0.82 per cent.

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Infosys to buy ABN AMRO's mortgage service unit

These deals will expand Infosys’ business in key growth regions of Japan and South East Asia as well as in the banking space in continental Europe.

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PSU bank recap part 2: Modi govt’s move may not support long term growth; Fitch explains why

Modi government’s recent decision to increase capital infusion may have given a short-term reprieve to the PSU banks, the move is not expected to support their growth in the long-term.

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Goldman Sachs fined $45 million by UK watchdog for this reason

Goldman Sachs International was fined a record 34.3 million pounds ($45 million) for failing to provide accurate reporting of transactions over a decade.

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PSU bank recap part 2: Modi govt’s move may not support long term growth; Fitch explains why

Modi government’s recent decision to increase capital infusion may have given a short-term reprieve to the PSU banks, the move is not expected to support their growth in the long-term.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2U5QJLF

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Goldman Sachs fined $45 million by UK watchdog for this reason

Goldman Sachs International was fined a record 34.3 million pounds ($45 million) for failing to provide accurate reporting of transactions over a decade.

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PSU bank recap part 2: Modi govt’s move may not support long term growth; Fitch explains why

Modi government’s recent decision to increase capital infusion may have given a short-term reprieve to the PSU banks, the move is not expected to support their growth in the long-term.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2U5QJLF

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Goldman Sachs fined $45 million by UK watchdog for this reason

Goldman Sachs International was fined a record 34.3 million pounds ($45 million) for failing to provide accurate reporting of transactions over a decade.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2U204Eu

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PSU bank recap part 2: Modi govt’s move may not support long term growth; Fitch explains why

Modi government’s recent decision to increase capital infusion may have given a short-term reprieve to the PSU banks, the move is not expected to support their growth in the long-term.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2U5QJLF

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Goldman Sachs fined $45 million by UK watchdog for this reason

Goldman Sachs International was fined a record 34.3 million pounds ($45 million) for failing to provide accurate reporting of transactions over a decade.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2U204Eu

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PSU bank recap part 2: Modi govt’s move may not support long term growth; Fitch explains why

Modi government’s recent decision to increase capital infusion may have given a short-term reprieve to the PSU banks, the move is not expected to support their growth in the long-term.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2U5QJLF

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Goldman Sachs fined $45 million by UK watchdog for this reason

Goldman Sachs International was fined a record 34.3 million pounds ($45 million) for failing to provide accurate reporting of transactions over a decade.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2U204Eu

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PSU bank recap part 2: Modi govt’s move may not support long term growth; Fitch explains why

Modi government’s recent decision to increase capital infusion may have given a short-term reprieve to the PSU banks, the move is not expected to support their growth in the long-term.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2U5QJLF

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Goldman Sachs fined $45 million by UK watchdog for this reason

Goldman Sachs International was fined a record 34.3 million pounds ($45 million) for failing to provide accurate reporting of transactions over a decade.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2U204Eu

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Goldman Sachs fined $45 million by UK watchdog for this reason

Goldman Sachs International was fined a record 34.3 million pounds ($45 million) for failing to provide accurate reporting of transactions over a decade.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2U204Eu

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PSU bank recap part 2: Modi govt’s move may not support long term growth; Fitch explains why

Modi government’s recent decision to increase capital infusion may have given a short-term reprieve to the PSU banks, the move is not expected to support their growth in the long-term.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2U5QJLF

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Goldman Sachs fined $45 million by UK watchdog for this reason

Goldman Sachs International was fined a record 34.3 million pounds ($45 million) for failing to provide accurate reporting of transactions over a decade.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2U204Eu

Read more »

PSU bank recap part 2: Modi govt’s move may not support long term growth; Fitch explains why

Modi government’s recent decision to increase capital infusion may have given a short-term reprieve to the PSU banks, the move is not expected to support their growth in the long-term.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2U5QJLF

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Goldman Sachs fined $45 million by UK watchdog for this reason

Goldman Sachs International was fined a record 34.3 million pounds ($45 million) for failing to provide accurate reporting of transactions over a decade.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2U204Eu

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HDFC Bank opposes SBI's plea to liquidate 6.6 million USL shares

The special PMLA (Prevention of Money Laundering Act) court did not take up the petition and fixed April 2 for the next date of hearing.

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

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PSU bank recap part 2: Modi govt’s move may not support long term growth; Fitch explains why

Modi government’s recent decision to increase capital infusion may have given a short-term reprieve to the PSU banks, the move is not expected to support their growth in the long-term.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2U5QJLF

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Goldman Sachs fined $45 million by UK watchdog for this reason

Goldman Sachs International was fined a record 34.3 million pounds ($45 million) for failing to provide accurate reporting of transactions over a decade.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2U204Eu

Read more »

PSU bank recap part 2: Modi govt’s move may not support long term growth; Fitch explains why

Modi government’s recent decision to increase capital infusion may have given a short-term reprieve to the PSU banks, the move is not expected to support their growth in the long-term.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2U5QJLF

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Five PSU lenders get capital infusion of Rs 21,428 crore from government

With this allotment, the government holding has increased from 89.39 per cent to 92.52 per cent in the bank

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RBI eases office opening process for foreign entities

This will make office opening process simple under FEMA Act as the country is looking to go up the ladder in the ease of doing business.

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SC refuses stay on banks merger

Clearing decks for the scheduled merger of three public sector lenders — Vijaya Bank, Dena Bank and Bank of Baroda — the Supreme Court on Thursday r

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SBI issues fresh advisory against ATM frauds

State Bank of India (SBI) has come out with a detailed advisory to customers in view of the increasing reports of ATM frauds, and has emphasised the n

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Bandhan Bank hopes to reduce promoters’ stake to 40% soon

Bandhan Bank is hopeful that it will soon be able to reduce promoters’ stake to 40 per cent as mandated by the Reserve Bank of India. The bank may co

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‘ICICI eyes mortgage portfolio of ₹2-lakh cr by FY20’

Launches two new instant home loans

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Lenders ask for fresh round of bidding for Amtek Auto at NCLAT

NCLAT listed the matter for next hearing on April 22 and said "CoC would not approve any other plan" in between.

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Govt to infuse ₹5,042 crore in BoB

Ahead of the merger of Dena Bank and Vijaya Bank with Bank of Baroda, the government has given the latter a booster shot, announcing a capital infusio

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A/c opening: RBI relaxes forex norms for FPIs and FVCIs

The Reserve Bank of India, on Thursday, eased foreign exchange management (deposit) regulations pertaining to opening of accounts by foreign portfolio

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Unsecured lending categories drive consumer credit growth

Consumer durable loans, credit cards and personal loans grew 31% in the last quarter of 2018: TransUnion CIBIL

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Why has G-Sec yield moved in a narrow band?

The Centre’s fiscal expansion has tempered expectations despite RBI’s Feb rate cut and likely benign stance at the next MPC meet

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Banks' consumer durable loan business shrinks 75%

The volume of banking sector's consumer durable loan pie has shrunk 75% year on year.

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PSU bank recap part 2: Modi govt’s move may not support long term growth; Fitch explains why

Modi government’s recent decision to increase capital infusion may have given a short-term reprieve to the PSU banks, the move is not expected to support their growth in the long-term.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2U5QJLF

Read more »

Goldman Sachs fined $45 million by UK watchdog for this reason

Goldman Sachs International was fined a record 34.3 million pounds ($45 million) for failing to provide accurate reporting of transactions over a decade.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2U204Eu

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Moody’s assigns stable outlook to IndusInd Bank

Global rating agency Moody’s has assigned a Baa3 rating to private sector lender IndusInd Bank and has kept the outlook stable, citing strong profita

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Supreme Court refuses to stay merger of Vijaya, Dena banks with BOB

The top court dismissed the applications filed by several bank officers' associations for staying the merger, effective April 1.

from Banking/Finance-Industry-Economic Times https://ift.tt/2U0vriL

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Goldman Sachs fined $45 million by UK watchdog for this reason

Goldman Sachs International was fined a record 34.3 million pounds ($45 million) for failing to provide accurate reporting of transactions over a decade.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2U204Eu

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PFC completes REC acquisition, hopeful of merger in 2019-20

The transaction assumed significance because it helped the government meet its disinvestment target of Rs 80,000 crore for the current financial year.

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

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Goldman Sachs fined $45 million by UK watchdog for this reason

Goldman Sachs International was fined a record 34.3 million pounds ($45 million) for failing to provide accurate reporting of transactions over a decade.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2U204Eu

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Banks report better non-performing loan ratio: Fitch

Lower fresh slippages and better recoveries helped reduce absolute non-performing loans across several banks.

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India’s first foreign-owned bank prepares for Rs 400 crore IPO; listing likely by September

Catholic Syrian Bank Ltd., in which Watsa’s Fairfax India Holdings Corp. received approval to take a controlling stake, is gearing up for a listing that may involve a 4 billion rupee ($58 million) initial public offering.

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Manappuram Finance gets Rs 695 crore funding, will lend it to MSMEs

The company will deploy the funds for onward lending to micro, small and medium enterprises (MSME) and microfinance sector under priority sector lending, Manappuram Finance said in a release.

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Bandhan Bank, Gruh finance merger by Dec; to push affordable housing

Bandhan Bank's merger with Gruh Finance would reduce the non-operative promoter Bandhan Financial Holding to 61 per cent from 80 per cent.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Yw8uCl

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Bank of Baroda gets Rs 5,042 crore ahead of Vijaya, Dena Bank merger

The government in September last year had announced merger of Vijaya Bank and Dena Bank with Bank of Baroda, aiming to create the third-largest lender after SBI and ICICI Bank.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2uxrjrl

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Manappuram Finance withdraws release on securing funding from NABARD

The release titled 'Manappuram Finance secures Rs 695 crore debt funding from NABARD' is being "retracted with immediate effect.

from Banking/Finance-Industry-Economic Times https://ift.tt/2Fxj9Eq

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India’s first foreign-owned bank prepares for Rs 400 crore IPO; listing likely by September

Catholic Syrian Bank Ltd., in which Watsa’s Fairfax India Holdings Corp. received approval to take a controlling stake, is gearing up for a listing that may involve a 4 billion rupee ($58 million) initial public offering.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2V6IBqZ

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Manappuram Finance gets Rs 695 crore funding, will lend it to MSMEs

The company will deploy the funds for onward lending to micro, small and medium enterprises (MSME) and microfinance sector under priority sector lending, Manappuram Finance said in a release.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2U2uZR3

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Bandhan Bank, Gruh finance merger by Dec; to push affordable housing

Bandhan Bank's merger with Gruh Finance would reduce the non-operative promoter Bandhan Financial Holding to 61 per cent from 80 per cent.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Yw8uCl

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Bank of Baroda gets Rs 5,042 crore ahead of Vijaya, Dena Bank merger

The government in September last year had announced merger of Vijaya Bank and Dena Bank with Bank of Baroda, aiming to create the third-largest lender after SBI and ICICI Bank.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2uxrjrl

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India’s first foreign-owned bank prepares for Rs 400 crore IPO; listing likely by September

Catholic Syrian Bank Ltd., in which Watsa’s Fairfax India Holdings Corp. received approval to take a controlling stake, is gearing up for a listing that may involve a 4 billion rupee ($58 million) initial public offering.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2V6IBqZ

Read more »

Manappuram Finance gets Rs 695 crore funding, will lend it to MSMEs

The company will deploy the funds for onward lending to micro, small and medium enterprises (MSME) and microfinance sector under priority sector lending, Manappuram Finance said in a release.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2U2uZR3

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Bandhan Bank, Gruh finance merger by Dec; to push affordable housing

Bandhan Bank's merger with Gruh Finance would reduce the non-operative promoter Bandhan Financial Holding to 61 per cent from 80 per cent.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Yw8uCl

Read more »

Bank of Baroda gets Rs 5,042 crore ahead of Vijaya, Dena Bank merger

The government in September last year had announced merger of Vijaya Bank and Dena Bank with Bank of Baroda, aiming to create the third-largest lender after SBI and ICICI Bank.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2uxrjrl

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Sensex rallies 413 points on derivatives expiry; Nifty ends above 11,550

Major gainers on the BSE platform include HCL Tech, SBI, ITC, Bharti Airtel, Sun Pharma adn Yes Bank with their stocks surging as much as 4.11 per cent. 24 out of 30 stocks finished in green on the 30-share BSE index. On NSE, except for Nifty Metal, all other sub-indices witnessed gains with Nifty PSU Bank and Media surging the most by moving as much as 3.62 per cent up.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2V4ZbaI

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Govt to infuse Rs 5,042 cr into Bank of Baroda

The government has decided to infuse Rs 5,042 crore into state-owned Bank of Baroda (BoB) ahead of merger of two other public sector lenders Dena Ban

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Ratan Tata confidant resigns from Tata Trusts

Nine years ago, Soonawala stepped down from Tata Sons, the holding company of the $111-billion group in which Trusts holds a majority stake, in line with the firm’s retirement rules. Soonawala, a financial wizard, had joined Tata Sons in 1968 from ICICI (now ICICI Bank).

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2UW2FMA

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ICICI Bank launches two instantaneous home loan facilities

The bank is on course of touching a mortgage portfolio of ₹2 lakh cr by March 2020, says a top official.

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JPMorgan to cut hundreds of jobs after staffing review

JPMorgan employed nearly 24,000 people in asset and wealth management at the end of last year

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Sale of Vijay Mallya’s UBHL shares fetches Rs 1,008 crore

The 74 lakh shares of United Breweries Ltd (UBL) sold by the agency were held by United Breweries Holding Ltd (UBHL) and were pledged by Mallya to Yes Bank as security against a loan taken by his defunct Kingfisher Airlines. The money realized will help a consortium of government banks led by the SBI to recover loans turned NPAs exceeding more than Rs 9,000 crore.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2YyHhim

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Digital transformation: Re-imagining banking experience via ‘I@Bank’

In our reckoning, the future of banking in this disruptive environment can be experienced through new technologies such as Virtual Reality, Blockchain, Artificial Intelligence, Mobility, Internet of Things, Chatbots and Open Banking.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2HLvsAh

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Mobile wallets and lending will be top product lines for banks by 2022

An Infosys Finacle-Efma study says payments, mobile wallets and lending will be the top product lines for banks by 2022

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2uvfotV

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Digital transformation: Re-imagining banking experience via ‘I@Bank’

In our reckoning, the future of banking in this disruptive environment can be experienced through new technologies such as Virtual Reality, Blockchain, Artificial Intelligence, Mobility, Internet of Things, Chatbots and Open Banking.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2HLvsAh

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Mobile wallets and lending will be top product lines for banks by 2022

An Infosys Finacle-Efma study says payments, mobile wallets and lending will be the top product lines for banks by 2022

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2uvfotV

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Digital transformation: Re-imagining banking experience via ‘I@Bank’

In our reckoning, the future of banking in this disruptive environment can be experienced through new technologies such as Virtual Reality, Blockchain, Artificial Intelligence, Mobility, Internet of Things, Chatbots and Open Banking.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2HLvsAh

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Mobile wallets and lending will be top product lines for banks by 2022

An Infosys Finacle-Efma study says payments, mobile wallets and lending will be the top product lines for banks by 2022

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2uvfotV

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Digital transformation: Re-imagining banking experience via ‘I@Bank’

In our reckoning, the future of banking in this disruptive environment can be experienced through new technologies such as Virtual Reality, Blockchain, Artificial Intelligence, Mobility, Internet of Things, Chatbots and Open Banking.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2HLvsAh

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Mobile wallets and lending will be top product lines for banks by 2022

An Infosys Finacle-Efma study says payments, mobile wallets and lending will be the top product lines for banks by 2022

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2uvfotV

Read more »

Mobile wallets and lending will be top product lines for banks by 2022

An Infosys Finacle-Efma study says payments, mobile wallets and lending will be the top product lines for banks by 2022

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2uvfotV

Read more »

Mobile wallets and lending will be top product lines for banks by 2022

An Infosys Finacle-Efma study says payments, mobile wallets and lending will be the top product lines for banks by 2022

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2uvfotV

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How smart CFOs can scale up and save businesses: Deepak Parekh spells 2-L formula

Leverage and liquidity are the two ‘Ls’ that a smart CFO must guard. Both not only help scale up businesses but also lead to their downfall, said HDFC chairman Deepak Parekh.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OsJ8Rr

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How smart CFOs can scale up and save businesses: Deepak Parekh spells 2-L formula

Leverage and liquidity are the two ‘Ls’ that a smart CFO must guard. Both not only help scale up businesses but also lead to their downfall, said HDFC chairman Deepak Parekh.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OsJ8Rr

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How smart CFOs can scale up and save businesses: Deepak Parekh spells 2-L formula

Leverage and liquidity are the two ‘Ls’ that a smart CFO must guard. Both not only help scale up businesses but also lead to their downfall, said HDFC chairman Deepak Parekh.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OsJ8Rr

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How smart CFOs can scale up and save businesses: Deepak Parekh spells 2-L formula

Leverage and liquidity are the two ‘Ls’ that a smart CFO must guard. Both not only help scale up businesses but also lead to their downfall, said HDFC chairman Deepak Parekh.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OsJ8Rr

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How smart CFOs can scale up and save businesses: Deepak Parekh spells 2-L formula

Leverage and liquidity are the two ‘Ls’ that a smart CFO must guard. Both not only help scale up businesses but also lead to their downfall, said HDFC chairman Deepak Parekh.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OsJ8Rr

Read more »

How smart CFOs can scale up and save businesses: Deepak Parekh spells 2-L formula

Leverage and liquidity are the two ‘Ls’ that a smart CFO must guard. Both not only help scale up businesses but also lead to their downfall, said HDFC chairman Deepak Parekh.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OsJ8Rr

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RBI throws open rupee interest rate derivatives market to non-residents

The RBI, on Wednesday, said non-residents can undertake transactions in the rupee interest rate derivatives markets to hedge an exposure to rupee inte

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Bandhan Bank opens two new branches

Private sector lender Bandhan Bank, on Wednesday, opened two new branches, and plans to open another six before the end of the fiscal year 2018-19. T

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RBI raises FPI investment limit in G-Secs

The Reserve Bank of India, on Wednesday, upped the investment limit for FY2019-20 for foreign portfolio investors (FPI) in Central government securiti

from Business Line - Money & Banking https://ift.tt/2HIlPlX

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Promoter stake within ‘permissible level’ of original licence conditions: Kotak Bank

Says RBI responsible for shifting terms, rules of promoter shareholding in private lenders

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Google Pay transactions hit $81 b in March

Google Pay, which was launched in India as UPI-based payment app Tez in September 2017, has grown its monthly user base from 14 million in March 2018

from Business Line - Money & Banking https://ift.tt/2HIJv9W

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Banks may raise deposit rates

As credit growth surges ahead of deposit growth

from Business Line - Money & Banking https://ift.tt/2CF9D1p

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Policybazaar aims to settle claims easily by deploying foot-soldiers

In a bid to assist its customers during the time of claim settlement, online insurance marketplace Policybazaar.com plans to deploy around 150 foot-so

from Business Line - Money & Banking https://ift.tt/2UXdJsB

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Fund-raising plans: Axis Bank board to meet next month

Private sector lender Axis Bank said it will consider borrowing or raising funds in Indian and foreign currency via issue of debt instruments, includ

from Business Line - Money & Banking https://ift.tt/2CG1wkZ

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After Aadhaar ordinance, banks aiming to rework digital account-opening process

Banks are once again reworking strategies for instant opening of bank accounts using Aadhaar-based authentication and KYC, with some likely to relaunc

from Business Line - Money & Banking https://ift.tt/2UYgrOB

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Digit Insurance adds 20 lakh users

Digit Insurance has added over 20 lakh customers in a span of 16 months. Terming this a milestone achievement, Kamesh Goyal, chairman of the new-a

from Business Line - Money & Banking https://ift.tt/2UUYccJ

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Corp Bank shareholders approve capital infusion

The extraordinary general meeting (EGM) of shareholders of Corporation Bank, which was held in Mangaluru on Wednesday, approved a special resolution

from Business Line - Money & Banking https://ift.tt/2CFHhUt

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How smart CFOs can scale up and save businesses: Deepak Parekh spells 2-L formula

Leverage and liquidity are the two ‘Ls’ that a smart CFO must guard. Both not only help scale up businesses but also lead to their downfall, said HDFC chairman Deepak Parekh.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OsJ8Rr

Read more »

How smart CFOs can scale up and save businesses: Deepak Parekh spells 2-L formula

Leverage and liquidity are the two ‘Ls’ that a smart CFO must guard. Both not only help scale up businesses but also lead to their downfall, said HDFC chairman Deepak Parekh.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OsJ8Rr

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Will return if there is an opportunity: Rajan

Rajan, a former chief economist at the International Monetary Fund (IMF) who was denied a second term as Reserve Bank governor by the BJP-led government, said he is "very happy" where he is, but is open to opportunities.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2WlfkJ4

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Sale of Mallya’s stake in United Breweries fetch ₹ 1,008 cr: ED

The Enforcement Directorate has recovered ₹ 1008 crore by selling shares of United Breweries Limited. This is in line with the ED's attempts to recove

from Business Line - Money & Banking https://ift.tt/2TzhxPj

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Ex-PNB CEO aproaches NCLAT in Nirav Modi fraud case

The two-member NCLAT, headed by Justice S.J. Mukhopadhaya, issued a notice to the Ministry of the Corporate Affairs on her plea.

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

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Non-disclosure of banks’AIRs: SC warns RBI of contempt action

The apex court had in January sought response from the RBI on petitions filed by RTI activists Subhash Chandra Agrawal and Girish Mittal seeking initiation of contempt proceedings against the Central bank for failing to comply with the apex court’s earlier orders that mandated RBI to give information on borrowings and other issues.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Ys70Jx

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Will return if there is an opportunity to be of use: Raghuram Rajan

Rajan was the 23rd Governor of the RBI between September 2013 and September 2016

from Business Line - Money & Banking https://ift.tt/2YuTogr

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JP Morgan names Paul Uren as new co-head for Asia-Pacific investment banking

JP Morgan Chase & Co has named Paul Uren as the co-head for its global investment banking coverage in the Asia-Pacific region, according to an in

from Business Line - Money & Banking https://ift.tt/2uuhOZR

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Stiff competition in airspace: 12 airlines close down in 21 years

The most prominent failure was Kingfisher. Vijay Mallya, the flamboyant founder of this airline, has sent a series of angry tweets after Jet minus Goyal was taken over by lender banks.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2YnluKJ

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Non-disclosure of banks’AIRs: SC warns RBI of contempt action

The apex court had in January sought response from the RBI on petitions filed by RTI activists Subhash Chandra Agrawal and Girish Mittal seeking initiation of contempt proceedings against the Central bank for failing to comply with the apex court’s earlier orders that mandated RBI to give information on borrowings and other issues.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Ys70Jx

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Non-disclosure of banks’AIRs: SC warns RBI of contempt action

The apex court had in January sought response from the RBI on petitions filed by RTI activists Subhash Chandra Agrawal and Girish Mittal seeking initiation of contempt proceedings against the Central bank for failing to comply with the apex court’s earlier orders that mandated RBI to give information on borrowings and other issues.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Ys70Jx

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UN Security Council panel finds Cosmos Bank cyber attack motivated by N Korea

Its report comes nearly seven months after the malware attack on the bank.

from Banking/Finance-Industry-Economic Times https://ift.tt/2Ubv6sG

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Kotak Bank says RBI can't rule on shareholding

Adds that Sec 12 & 12-B form a complete code on shareholding & voting rights in a bank and thus circumscribe powers of RBI.

from Banking/Finance-Industry-Economic Times https://ift.tt/2UbxY8P

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NCLT admits Bank of India’s insolvency plea against Shrenuj & Co

The National Company Law Tribunal (NCLT) admitted an insolvency petition filed by Bank of India against the company for defaulting on Rs 226 crore of loans.

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

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Bank branches dealing with govt business to remain open this Sunday: RBI

All electronic transactions, including RTGS and NEFT, will continue for the extended time on March 30 and March 31, 2019 for which RBI will issue necessary instructions, it said.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Fu9L4s

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Bank branches dealing with govt business to remain open this Sunday: RBI

All electronic transactions, including RTGS and NEFT, will continue for the extended time on March 30 and March 31, 2019 for which RBI will issue necessary instructions, it said.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Fu9L4s

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Bank branches dealing with govt business to remain open this Sunday: RBI

All electronic transactions, including RTGS and NEFT, will continue for the extended time on March 30 and March 31, 2019 for which RBI will issue necessary instructions, it said.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Fu9L4s

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Bank branches dealing with govt business to remain open this Sunday: RBI

All electronic transactions, including RTGS and NEFT, will continue for the extended time on March 30 and March 31, 2019 for which RBI will issue necessary instructions, it said.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Fu9L4s

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Bank branches dealing with govt business to remain open this Sunday: RBI

All electronic transactions, including RTGS and NEFT, will continue for the extended time on March 30 and March 31, 2019 for which RBI will issue necessary instructions, it said.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Fu9L4s

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Bank branches dealing with govt business to remain open this Sunday: RBI

All electronic transactions, including RTGS and NEFT, will continue for the extended time on March 30 and March 31, 2019 for which RBI will issue necessary instructions, it said.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Fu9L4s

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Bank branches dealing with govt business to remain open this Sunday: RBI

All electronic transactions, including RTGS and NEFT, will continue for the extended time on March 30 and March 31, 2019 for which RBI will issue necessary instructions, it said.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Fu9L4s

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Bank branches dealing with govt business to remain open this Sunday: RBI

All electronic transactions, including RTGS and NEFT, will continue for the extended time on March 30 and March 31, 2019 for which RBI will issue necessary instructions, it said.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Fu9L4s

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Bank branches dealing with govt business to remain open this Sunday: RBI

All electronic transactions, including RTGS and NEFT, will continue for the extended time on March 30 and March 31, 2019 for which RBI will issue necessary instructions, it said.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Fu9L4s

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Bank branches dealing with govt business to remain open this Sunday: RBI

All electronic transactions, including RTGS and NEFT, will continue for the extended time on March 30 and March 31, 2019 for which RBI will issue necessary instructions, it said.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Fu9L4s

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Bank branches dealing with govt business to remain open this Sunday: RBI

All electronic transactions, including RTGS and NEFT, will continue for the extended time on March 30 and March 31, 2019 for which RBI will issue necessary instructions, it said.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Fu9L4s

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Bank branches dealing with govt business to remain open this Sunday: RBI

All electronic transactions, including RTGS and NEFT, will continue for the extended time on March 30 and March 31, 2019 for which RBI will issue necessary instructions, it said.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Fu9L4s

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How bad loan mess is hurting lesser-rated borrowers as well as banks

Banks that got burnt in the recent bad loans bonfire are shutting doors on a big chunk of lesser-rated, needy borrowers.

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

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Adventurous business practices can hurt companies: New India Assurance CMD Atul Sahai

"Growth in motor is possibly at the lowest level of 0.4%. It is going to take another six-seven months before motor insurance sales will stabilise."

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

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Bank branches dealing with govt business to remain open this Sunday: RBI

All electronic transactions, including RTGS and NEFT, will continue for the extended time on March 30 and March 31, 2019 for which RBI will issue necessary instructions, it said.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Fu9L4s

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RBI slaps Rs 2 crore penalty on PNB for violating SWIFT norms over Nirav Modi case

The massive Rs 14,000-crore fraud perpetrated by billionaire jeweller Nirav Modi and his uncle Mehul Choksi at the PNB was a case of misuse of this messsaging software.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2U0T8HF

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SC takes strong note of non-disclosure of banks' inspection reports by RBI

A bench comprising justices L N Rao and M R Shah said it may initiate contempt proceedings against the Reserve Bank Of India (RBI) for not disclosing the annual inspection report of various banks under the transparency law.

from Banking/Finance-Industry-Economic Times https://ift.tt/2Wmw2I4

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Bank branches dealing with government business to remain open this Sunday: RBI

"The Government of India has advised that all Pay and Account Offices will remain open on March 31, 2019 (Sunday) to facilitate government receipt and payment transactions," RBI said in a circular.

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

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Delhi court summons 11 top PNB officials for violation of banking regulations

The RBI claimed that the case came to light during systems inspection at the PNB's Brady House Branch in Mumbai.

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

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RBI injects rupee liquidity via forex swap auction

The ₹34,561 cr generated could be used to support credit growth

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Ahead of elections, enforcement agencies swing into action to curb illegal cash flow

CBIC also asks officials to keep a close tab on the illicit movement of goods

from Business Line - Money & Banking https://ift.tt/2FsyYvR

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Uco Bank gets Rs 14,000 crore windfall from Iran oil payment right

Two people familiar with the matter pegged the size of the floating fund at Rs 13000-14000 crore.

from Banking/Finance-Industry-Economic Times https://ift.tt/2FARxj1

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Policybazaar expects motor insurance policies to drive growth

Aims to more than double sales on rise in online purchase/claims settlements

from Business Line - Money & Banking https://ift.tt/2Ops271

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Northern Arc Capital raises ₹910-cr funding from IIFL

Northern Arc Capital (formerly IFMR Capital), on Tuesday, announced that it has raised ₹910 crore ($130 million) from IIFL Special Opportunities Fund

from Business Line - Money & Banking https://ift.tt/2TBrLPl

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‘Banking services will be hit if officers take up election duty’

With bankers being asked to take up election duty, trade unions are worried about branch operations getting affected. District Election Officers, fro

from Business Line - Money & Banking https://ift.tt/2YrUfOY

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RBI slaps Rs 2 crore penalty on PNB for violating SWIFT norms over Nirav Modi case

The massive Rs 14,000-crore fraud perpetrated by billionaire jeweller Nirav Modi and his uncle Mehul Choksi at the PNB was a case of misuse of this messsaging software.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2U0T8HF

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Power Finance Corporation to pay entire Rs 14,500 crore for REC acquisition on Thursday

The deal would help the government meet its disinvestment target of Rs 80,000 crore for the current financial year ending on March 31.

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

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Nirav to make 2nd bail application on Friday

The 48-year-old had been denied bail by District Judge Marie Mallon at his first hearing soon after his arrest by Scotland Yard officers from a central London bank branch as he tried to open a new bank account and has been in custody at HMP Wandsworth prison in south-west London since last Wednesday.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2urMz1v

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RBI slaps Rs 2 crore penalty on PNB for violating SWIFT norms over Nirav Modi case

The massive Rs 14,000-crore fraud perpetrated by billionaire jeweller Nirav Modi and his uncle Mehul Choksi at the PNB was a case of misuse of this messsaging software.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2U0T8HF

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Jet Airways bailout: Mallya calls out PSU banks; wishes same was done for Kingfisher

In a series of tweets reacting to banks led by State Bank of India taking over management control of troubled Jet Airways, Mallya said,"...Only wish the same was done for Kingfisher".

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2FAqAM7

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RBI slaps Rs 2 crore penalty on PNB for violating SWIFT norms over Nirav Modi case

The massive Rs 14,000-crore fraud perpetrated by billionaire jeweller Nirav Modi and his uncle Mehul Choksi at the PNB was a case of misuse of this messsaging software.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2U0T8HF

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Jet Airways bailout: Mallya calls out PSU banks; wishes same was done for Kingfisher

In a series of tweets reacting to banks led by State Bank of India taking over management control of troubled Jet Airways, Mallya said,"...Only wish the same was done for Kingfisher".

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2FAqAM7

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Clear our salary dues at the earliest, Jet Airways pilots request SBI chief

Jet Airways pilots’ union has requested State Bank of India chairman Rajnish Kumar, seen as the airline’s new guardian angel, to ensure that their salaries are not delayed any further. The airline’s pilots, along with aircraft maintenance engineers (AMEs) and senior management have salary dues of almost four months now.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2TyRtUr

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RBI slaps Rs 2 crore penalty on PNB for violating SWIFT norms

The massive Rs 14,000-crore fraud perpetrated by billionaire jeweller Nirav Modi and his uncle Mehul Choksi at the PNB was a case of misuse of this messsaging software

from Banking/Finance-Industry-Economic Times https://ift.tt/2U6Baml

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Karur Vysya Bank appoints N S Srinath as non-executive chairman

Karur Vysya Bank on Tuesday said it has appointed N S Srinath as non-executive chairman for a period of three years. Srinath, 66, was the non-executi

from Business Line - Money & Banking https://ift.tt/2JPIEGu

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Sensex surges 424 points to close at 38,233; Nifty above 11,480

On the BSE index, SBI, Vedanta, Reliance Industries, NTPC, Yes Bank and Bajaj Finance were among the major gainers with their stocks surging as much as 3.81 per cent. On NSE, except for Nifty IT, all other sub-indices finished in green Nifty PSU Bank and Private Bank surging the most, up as much as 3.13 per cent.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2Fzkv2p

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South Indian Bank to raise Rs 250 crore via bonds issue

South Indian Bank said it would raise Rs 250 crore by issuing Basel III-compliant bonds to add up to its tier-II capital.The capital planning and inf

from Business Line - Money & Banking https://ift.tt/2Oo6Jm4

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IDBI Bank Officers’ Association to go on hunger strike on March 30

IDBI Bank on Tuesday said its all-India Officers’ Association will observe a one-day nationwide hunger strike on March 30, over various demands.“The

from Business Line - Money & Banking https://ift.tt/2HEsLk9

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Govt refuses to disclose details on RBI Governor Shaktikanta Das appointment

The appointment came after Urjit Patel abruptly resigned amid a face-off with the government over issues related to governance and autonomy of the central bank

from Business Line - Money & Banking https://ift.tt/2CCfJQ4

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Government refuses to disclose details on RBI governor Shaktikanta Das' appointment

Das was on December 11, 2018 named as the Reserve Bank of India (RBI) governor by the Appointments Committee of the Cabinet headed by Prime Minister Narendra Modi for three years. The appointment came after Urjit Patel abruptly resigned amid a face-off with the government over issues related to governance and autonomy of the central bank.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2uvT2IW

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India to auction Nirav Modi’s art collection today

The authorities will auction 68 artworks, including works by Raja Ravi Varma and VS Gaitonde.

from Business Line - Money & Banking https://ift.tt/2FrIjnQ

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'Reviving confidence in Jet Airways will be key'

“The biggest issue with investors like Tata Group was continuation of Goyal in Jet in any form before they agree to acquire it. That has not changed. So, banks may today put on a brave face and give a timeline for selling off Jet to someone else — whether that actually happens remains to be seen,” said a person, who examined Jet closely for one of the potential buyers.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2OpxZRe

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Fake bills: Man cons FB, Google of over $100m

The man, Evaldas Rimasauskas, 50, was involved in running a firm that controlled several accounts at banks in Latvia and Cyprus, according to a 2016 indictment filed in the US attorney’s office for the southern district of New York. He and unnamed associates were essentially posing as Quanta Computer, a hardware company based in Taiwan that has done business with Facebook and Google, Reuters reported.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2UUQUWL

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Sensex recovers 77 pts, Nifty nears 11,400

Major gainers that supported the recovery were ONGC, Coal India, Reliance Industries, IndusInd Bank, Tata Steel, Vedanta Ltd, Yes Bank, Tata Motors, ICICI Bank, SBI, Kotak Bank, Sun Pharma, Bajaj Finance, Axis Bank, L&T and Maruti Suzuki, gaining up to 1.99 per cent.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2CDBA9w

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Take my money, save Jet Airways, Vijay Mallya tweets again

Jet has been witnessing a bruising competition from the low-cost airlines, fluctuating crude prices and weak rupee. The airline, which is in massive debt, has to repay money to banks, lessors and suppliers besides clearing pending salaries to its pilots.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2Wn9xmo

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Success of RBI’s rare $5 bn India FX swap may spur an encore

The success of India’s $5 billion swap auction on Tuesday will decide whether it will become a popular instrument in the central banks liquidity tool

from Business Line - Money & Banking https://ift.tt/2FtIr6a

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Credit and debit cards make for over half of electronic payments volume: RBI Governor

RBI governor says it’s about a nine-fold increase over the last five years

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2CBA7Rm

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Big bank theory: Axis Bank eyes big branch expansion to catch up with HDFC Bank, ICICI

Axis Bank is experimenting with different formats for branches to make it more interactive and enable better communication and engagement.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2CCH04F

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Apple debuts Titanium Credit Card with Goldman Mastercard

Apple and Goldman are entering the intensely competitive field of consumer credit, where banks have been shelling out costly rewards to encourage consumers to spend through their cards

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Will take all steps to protect domestic interests: Injeti Srinivas

Injeti Srinivas said the law would initially only give jurisdictional access on the basis of reciprocity and that the reform would give foreign investors greater confidence.

from Banking/Finance-Industry-Economic Times https://ift.tt/2JErI5B

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Credit and debit cards make for over half of electronic payments volume: RBI Governor

RBI governor says it’s about a nine-fold increase over the last five years

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2CBA7Rm

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Actis may sell holding in Super-Max

Founder-fund spat may halve value of British private equity firm’s 8-year-old investment.

from Banking/Finance-Industry-Economic Times https://ift.tt/2TxTnF5

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Axis Bank eye branch expansion to match HDFC Bank, ICICI Bank

Axis Bank is experimenting with different formats for branches to make it more interactive and enable better communication and engagement.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2CCH04F

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Credit and debit cards make for over half of electronic payments volume: RBI Governor

RBI governor says it’s about a nine-fold increase over the last five years

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2CBA7Rm

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Axis Bank eye branch expansion to match HDFC Bank, ICICI Bank

Axis Bank is experimenting with different formats for branches to make it more interactive and enable better communication and engagement.

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Credit and debit cards make for over half of electronic payments volume: RBI Governor

RBI governor says it’s about a nine-fold increase over the last five years

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Axis Bank eye branch expansion to match HDFC Bank, ICICI Bank

Axis Bank is experimenting with different formats for branches to make it more interactive and enable better communication and engagement.

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Prudential Holdings to sell up to 3.71% in ICICI Pru Life to raise Rs 1,600 cr

The sale offer will be open for non-retail investors on March 26 and close on the same day. For retail investors, the date has been fixed as March 27.

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Axis Bank eye branch expansion to match HDFC Bank, ICICI Bank

Axis Bank is experimenting with different formats for branches to make it more interactive and enable better communication and engagement.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2CCH04F

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Axis Bank eye branch expansion to match HDFC Bank, ICICI Bank

Axis Bank is experimenting with different formats for branches to make it more interactive and enable better communication and engagement.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2CCH04F

Read more »

Axis Bank eye branch expansion to match HDFC Bank, ICICI Bank

Axis Bank is experimenting with different formats for branches to make it more interactive and enable better communication and engagement.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2CCH04F

Read more »

Axis Bank eye branch expansion to match HDFC Bank, ICICI Bank

Axis Bank is experimenting with different formats for branches to make it more interactive and enable better communication and engagement.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2CCH04F

Read more »

Axis Bank eye branch expansion to match HDFC Bank, ICICI Bank

Axis Bank is experimenting with different formats for branches to make it more interactive and enable better communication and engagement.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2CCH04F

Read more »

Axis Bank eye branch expansion to match HDFC Bank, ICICI Bank

Axis Bank is experimenting with different formats for branches to make it more interactive and enable better communication and engagement.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2CCH04F

Read more »

Prudential Holdings to sell up to 3.71% in ICICI Pru Life to raise Rs 1,600 cr

The sale offer will be open for non-retail investors on March 26 and close on the same day. For retail investors, the date has been fixed as March 27.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2HSBn5Y

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Grasim challenges Rs 5,872 crore income-tax demand before HC, gets stay from recovery

The company has company has contended before the High Court that order was "wholly unsustainable in law" and the Income Tax department has sought time to file reply, Grasim Industries said in a BSE filing.

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‘Over 12,000 cases filed after implementation of IBC, setting up of NCLT’

As many as 12,000 cases have been filed since the implementation of the Insolvency and Bankruptcy Code (IBC) and setting up of the National Company L

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Ahead of pre-poll MPC meet, Das meets Finance Minister

RBI Governor Shaktikanta Das met Finance Minister Arun Jaitley on Monday, ahead of the crucial Monetary Policy Committee meeting to be held from Apr

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BoB set to develop digital agri platform for farmers

Bank of Baroda has signed a memorandum of understanding with agriculture services companies to develop an agriculture digital platform, Baroda Kisan,

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Finova Capital raises $15 m from Faering, Sequoia India

Jaipur-based non-banking financial company (NBFC) Finova Capital has raised $15 million from Faering Capital and existing investor Sequoia India. The

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HDFC Ergo aims to open 100more virtual offices in FY20

Optimistic about growth prospects, private sector insurer HDFC Ergo General Insurance plans to open 100 virtual offices in 2019-20.“We have 125 virtua

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90% of ₹38,000-crore pledged debtdo not meet RBI norms: CRISIL

As much as 90 per cent of the rated pledged debt of Indian firms do not meet the RBI’s prescription of a minimum collateral cover of two times for len

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Axis Bank opens 4,000th branch

Axis Bank opens 4,000th branchPrivate sector lender Axis Bank, on Monday, opened its 4,000th branch at EON, Kharadi, in Pune. The new branch was inaug

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Government moves NCLT seeking immunity for IL&FS board members

A two-member NCLT bench of VP Singh and Ravikumar Duraisamy scheduled both the matters for detailed hearing on April 12.

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ESPS: Syndicate Bank extends deadline

State-owned Syndicate Bank has extended till March 30 the deadline for its staff to subscribe to bank’s equity under the employee stock purchase sche

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HDFC to raise Rs 3,000 cr via NCDs

HDFC Ltd on Monday said it will raise up to ₹ 3,000 crore by issuing bonds on a private placement basis to augment its long term capital resources.Th

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RBI governor Shaktikanta Das to meet heads of payments banks; ‘sandbox’ guidelines soon

A sandbox approach means experimenting and learning before finally adopting a technology or system.

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HFCs slowdown disbursements; banks expand home loan portfolio: ICRA

The total housing credit outstanding increased by 16 per cent (18 per cent for the same period last year) and stood at a little over Rs. 18 lakh crore as on December 31, 2018.

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Sensex dives 356 points on weak global cues; Nifty ends below 11,360

Vedanta, Tata Motors, Yes Bank, HDFC, ICICI Bank and Kotak Mahindra Bank were among the worst performers on the BSE index with their stocks down as much as 3.33 per cent. Only six out of 30 stocks finished in green on BSE. On the NSE platform, all sub-indices ended in red with Nifty Media and Realty sliding the most, down as much as 2.76 per cent.

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Jet Airways founder Naresh Goyal, wife Anita step down from board

Saddled with more than $1 billion of debt, Jet is struggling to stay afloat. It has delayed payments to banks, suppliers, pilots and lessors - some of which have forced the airline to ground as many as 40 planes.

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