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

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.

August 16, 2024 17:46 IST

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…

August 16, 2024 17:00 IST

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…

August 16, 2024 14:25 IST

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…

August 16, 2024 11:55 IST

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

August 16, 2024 06:00 IST

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…

August 15, 2024 17:02 IST

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…

August 15, 2024 00:45 IST

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…

August 14, 2024 14:11 IST

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…

August 14, 2024 08:00 IST

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…

August 13, 2024 19:43 IST

Can you transfer money from your credit card to bank account?

How to transfer money from credit card to bank account

One can transfer money from a credit card to his bank account using various methods like online, phone banking and…

August 13, 2024 12:58 IST

Charting the Gen AI Roadmap for BFSI

It is early days for the BFSI sector in the GenAI adoption roadmap, but it is scaling rapidly with several…

August 13, 2024 11:56 IST

Midcap IT firm posted higher revenue growth than larger peers in April-June

However, mixed performance on margins, & profit front

Updated: August 12, 2024 16:05 IST

Boardroom battles explained: Dabur’s Burman family vs Rashmi Saluja of Religare

The core issue in this takeover battle between the Burman family of Dabur and Rashmi Saluja, chairperson of Religare is…

August 12, 2024 08:05 IST

Blackstone, Blackstone news, banking, banking news, hindenburg, hidenburg news

Blackstone charges erroneous: Sources

Buch, who is the husband of Securities and Exchange Board of India chairperson Madhavi Puri Buch, is employed with Blackstone…

August 12, 2024 05:30 IST

Many firsts in Blackstone REIT India evolution

Interestingly, Blackstone had bought stakes in the properties of Embassy Group and stake in the special purpose vehicles or SPVs…

August 12, 2024 02:00 IST

banking, rbi, rbi news, banking news, Reserve Bank of India

Banks focus on branch network, digital perks to drive deposit growth

Digital channels allow banks to reach higher number of customers but not enough volumes, say bankers.

August 12, 2024 01:45 IST

Chris Perry, President , Broadridge Financial Solutions.

India to be hub of Broadridge’s regional growth strategy

Global fintech to broadbase operations beyond GCCs.

August 12, 2024 01:30 IST

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Govt may ease ban on wheat product exports: Pralhad Joshi

Policy3 hr ago

Government will consider industry demands to export wheat products while prioritizing food security. Multiple ministries involved in export decisions, emphasizing the need to consider next year’s wheat production. India banned exports in 2022 due to domestic food security concerns, but record production expected in 2024-25.

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