Nippon Life invests Rs 6,000 cr to emerge largest shareholder in Reliance MF

Rebrands company as Nippon India MF

from Business Line - Money & Banking https://ift.tt/30W8ICS

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Time to massively increase depositor insurance: Report

The Punjab & Maharashtra Cooperative Bank (PMC) scam points to the urgent need to massively increase the depositor insurance cover from the present Rs 1 lakh, says a report.

from Banking/Finance-Industry-Economic Times https://ift.tt/31SPKOZ

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YES Bank’s Diwali bonanza: Big bonuses for employees, ramps up hirings

The bank is offering handsome hikes to prospective employees and the attractive packages are bringing very healthy response to the bank’s recruitment drive

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

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SBI launches debit card with EMI facility

The EMIs would begin one month after the transaction is complete.

from Business Line - Money & Banking https://ift.tt/2LUC6Fa

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Banks will have to reclassify loans given to HDIL as fraud

Real estate developer HDIL is currently in default to various banks and has been admitted for proceedings under the Insolvency and Bankruptcy Code.

from Banking/Finance-Industry-Economic Times https://ift.tt/335VLIf

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