Banking(Search results - 47)
BusinessSep 23, 2021, 7:05 AM IST
Evergrande crisis: Blame China's debt-driven growth formula
On Wednesday, China's central bank injected $18.6 billion into the banking system and Evergrande agreed to settle interest payments on a domestic bond to ease concerns for now. But the ripples of the Evergrande crisis are being felt and China's economic policies are now under intense scrutiny.
BusinessSep 10, 2021, 11:02 AM IST
Account Aggregator: Say goodbye to tedious bank paperwork
The Account Aggregator empowers millions of customers to digitally access and shares their financial data across institutions in a secure and efficient manner.
India NewsJul 13, 2021, 7:06 PM IST
Institute of Banking Personnel Selection clerical cadre examination put on hold
The decision was taken after media reports emerged, which claimed that the Institute of Banking Personnel Selection had given the candidates applying to fill 3000 vacant posts in 11 banks the option to take exams only in English and Hindi.
BusinessFeb 1, 2021, 10:27 PM IST
Markets respond to Nirmala's budget, Sensex sees biggest Budget-day jump
The market rally, which was driven by gains in banking, financial and auto stock, saw the Sensex jump by 2200 points -- the most on any budget day in its entire history.
BusinessJan 19, 2021, 1:29 PM IST
Muthoottu Mini Financiers Ltd elevates PE Mathai as its CEO
Muthoottu Mini Financiers Ltd, Non-Banking Finance Companies (NBFC) in India, announced that Mr PE Mathai, former Chief Operating Officer (COO) of the company, has now been elevated as the Chief Executive Officer (CEO).
BusinessDec 29, 2020, 2:09 PM IST
16 bank holidays in January 2021; plan your bank work accordingly
The Reserve Bank of India has come out with the list of holidays in January 2021 for banks. Customers have been advised to plan their bank-related work accordingly to avoid last-minute issues.
BusinessDec 29, 2020, 10:18 AM IST
Muthoottu Mini Financiers Ltd in Strategic Alliance with Exide Life Insurance Company
Muthoottu Mini Financiers Ltd, one of India’s largest Non-Banking Financial Companies (NBFC), has announced a strategic partnership with prominent life insurance company Exide Life Insurance Company Limited, to provide life insurance products through its branches.
BusinessDec 22, 2020, 12:56 PM IST
At Rs 7,926 crore, this is India's biggest banking scam
India's biggest ever banking scam is unravelling in Andhra Pradesh after the Central Bureau of Investigation booked directors of Transstroy (India) Limited for alleged bank fraud of over Rs 7,926 crore.
BusinessDec 11, 2020, 8:57 AM IST
RTGS money transfer to be available 24x7 from December 14
The Reserve Bank of India has announced that the Real-Time Gross Settlement System or RTGS facility will now be available for round the clock transactions, with effect from 12:30 am on December 14.
BusinessNov 27, 2020, 2:30 PM IST
Muthoottu Mini Financiers Ltd announces vast expansion and remarkable restructuring plans
Muthoottu Mini Financiers Ltd, one of the largest Non-Banking Financial Companies (NBFC) in India, announced its vast expansion and remarkable restructuring plans across the country. The company aims for a business growth of INR 1000 crores in this financial year (FY 2020-21) through its expansion and restructuring strategy.
BusinessNov 24, 2020, 11:32 AM IST
RBI allowing corporates in banking is a "bad idea"
The recommendation by Reserve Bank of India's internal working group to allow industrial houses to float banks has kicked up a storm. Especially miffed with the IWG recommendation were former Reserve Bank of India Governor Raghuram Rajan and ex-Deputy Governor Viral Acharya, who expressed their reservations in a three page note. Here are key concerns that they raised. Read on...
BusinessNov 18, 2020, 1:48 PM IST
RBI rescues Lakshmi Vilas Bank depositors, ropes in DBS India
Depositors of the cash-strapped private sector lender Lakshmi Vilas Bank, which was placed under moratorium by the Reserve Bank of India yesterday, can now breath easy.
GADGETNov 6, 2020, 10:19 AM IST
WhatsApp pay goes live in India, available in 10 Indian languages
WhatsApp said it is working with 140 banks in India like ICICI Bank, HDFC Bank, Axis Bank, the State Bank of India, and Jio Payments Bank.
IndiaOct 27, 2020, 11:37 AM IST
RBI notifies government's loan interest waiver scheme
As per the scheme, the government will pay the difference between compound interest and simple interest. The ex-gratia payment of 'interest on interest' will be applicable for six months and only for selective specified loans.
IndiaOct 13, 2020, 2:26 PM IST
Customers fume as SBI's core banking system goes down
In a tweet, the SBI said: "Intermittent connectivity issues have delayed making our services available to our esteemed customers today. We hope to be able to serve you normally before noon. All channels (except ATMs and POS machines) will be affected."