Nine-fold increase in digital payments over last five years: RBI governor

Payment services no longer the monopoly of banks, says Shaktikanta Das

from Business Line - Money & Banking https://ift.tt/2YhI7A1

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RBI Governor to meet heads of payments banks later this week

Reserve Bank of India (RBI) Governor Shaktikanta Das on Monday said he will be meeting heads of payments banks later this week to understand their is

from Business Line - Money & Banking https://ift.tt/2CDB4IH

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Sensex plunges 360 points to fall below 38,000-mark, Nifty at 11,361

Vedanta, Kotak Mahindra Bank, Tata Steel, ICICI Bank and SBI were among the major laggards on the BSE platform with their stocks down as much as 2.59 per cent. Just four out of 30 stocks were trading in green on the BSE index in early trade. On NSE, all sub-indices were down with Nifty Metal and PSU Bank sliding the most, down as much as 1.98 per cent.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2V1147W

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IDBI Bank still a PSB, no threat of job loss

Although technically, IDBI Bank is not a public sector bank (PSB), there can’t be any retrenchment of employees following the LIC acquisition, as existing rules will continue to be applicable.

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

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SBI may ask senior retired banker to helm Jet Airways

SBI has not yet agreed to acquire Etihad’s stake but is working on a plan to take over the control of the airline.

from Banking/Finance-Industry-Economic Times https://ift.tt/2Fw31nC

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