Page 21 of Banking, Financial Services and Insurance (BFSI) News

he notification, issued under the Prevention of Money Laundering Act, allows these firms to use Aadhaar for the Know Your Customer (KYC) process.

Finance Ministry permits 15 securities firms to use Aadhaar for KYC process

The approved firms include SBICAP Securities, IIFL Securities, and Angel One, among others.

1 year agoAugust 16, 2024

The Karnataka government ordered on August 12 that all state departments, boards, corporations, public sector units, and universities withdraw their deposits and stop all business with SBI and PNB.

BJP MP raises doubts over Karnataka govt’s decision to ban dealing with SBI, PNB

The BJP MP expressed concern that the state government’s unilateral action might be aimed at creating distrust in the banking…

1 year agoAugust 16, 2024

NBFC, gold loan, cash disbursement, gold prices, Income Tax Act, borrowers, NEFT, UPI

Gold-loan NBFCs to report growth despite cash disbursement restriction; favourable movement in gold prices to support

Growth for gold-loan NBFCs, CRISIL said, has also been supported by favourable movement in gold prices. Moreover, given their robust…

1 year ago

How to block your lost debit or credit card? A step-by-step guide

If you own a debit or credit card, you must know the steps of blocking and unblocking your card in…

1 year ago

Cloud can transform BFSI

With conducive policies, regulatory support, and trust in the technology, cloud-based financial services can catalyse adoption and empower Indian entities

1 year agoAugust 15, 2024

New Banking Frauds: PNB customers alert! Fraudsters targeting you via APK files | What they are and how to protect

Punjab National Bank (PNB) has warned customers about new cyber fraud methods, where scammers are distributing APK files via WhatsApp…

1 year ago

Lenders bank on special FDs to boost deposits

With new launches, FD rates have reached very close to the 9% mark. RBL Bank is offering 8.85% on its…

1 year agoAugust 14, 2024

How Rural Women Can Lead India’s Fintech Revolution

“Kalpana Mali’s transformation from a job-seeking graduate to a successful entrepreneur highlight how determination and fintech innovations empower rural women…

1 year ago

While we are having too much fun chatting with AI, can it oversmart us?

Human Touch, AI Heart: How is AI redefining CX in the BFSI sector? Premium Story

As AI continues to reshape the CX in the BFSI sector, its potential to drive innovation, enhance personalization, and improve…

1 year agoAugust 13, 2024

Internet banking: The backbone of modern financial transactions

Internet banking has evolved into. a secure, efficient, and convenient service for managing high-value transactions. Despite competition from newer payment…

1 year ago