IndusInd Bank suspects fraud, says ‘certain employees’ may be involved in Rs 1,269 crore ‘accounting discrepancy’
Shadowed by financial discrepancies: IndusInd Bank posts largest-ever quarterly loss at Rs 2,328.92 crore
Legacy vs modern finance platforms: Finance leaders adopt advanced analytics for strategic financial insights
We now operate like a tech company: Milind Nagnur, group president & CTO, Kotak Mahindra Bank In the realm of modern-day banking, customer experience is nothing but technology experience, says Milind Nagnur, group president & CTO,… By Sudhir ChowdharySeptember 14, 2023 02:50 IST
Banks must release property documents to borrowers within 30 days of loan settlement: RBI The norm shall be applicable to all cases where release of property documents falls due from December 1 onwards. By Piyush ShuklaSeptember 14, 2023 02:06 IST
Banks push for low-cost CASA KS Raju, MD & CEO at Canara Bank said the lender has taken a number of initiatives to garner CASA. By Piyush ShuklaSeptember 14, 2023 01:30 IST
Regulators can establish clear, adaptable regulatory framework for fintechs: Khara “Regulators have creative and constructive roles to play and also they can lead the industry to a much more secure… By Piyush ShuklaSeptember 13, 2023 03:40 IST
Banks-Fintech relationship: From competition to collaboration Fintechs captured material market share in payment gateways, small ticket personal loans, pay later or BNPL market By Piyush ShuklaUpdated: September 14, 2023 20:00 IST
Razorpay acquires BillMe to expand omnichannel payment business The company’s net profit rose 20% year-on-year(y-o-y) to Rs 7.3 crore in 2021-22(April-March). By Ajay RamanathanSeptember 13, 2023 00:30 IST
IOB embraces digital medium to offer online allotment of locker facility The safe deposit locker facility is accessible at the bank’s online portal to customers who seek to avail of the… By PTISeptember 12, 2023 16:24 IST
SRO will give industry recognition, common voice: Fintech players India fintech ecosystem third-largest globally, expected to reach $70 billion in annual revenue by FY30 By Piyush ShuklaSeptember 12, 2023 04:15 IST
RBI clears reappointment of ICICI Bank MD & CEO It added that shareholders of the bank had already approved the reappointment of Bakhshi at the annual general meeting held… By FE BureauSeptember 12, 2023 03:19 IST
Hitachi Payment evaluating M&A opportunities: MD “We are always open to exploring innovative solutions that synergises with our capabilities,” says Vikamsey. By Ajay RamanathanUpdated: September 12, 2023 11:36 IST
Bandhan Bank CCO Sudheer Reddy Gavula resigns, board approves appointment of Amitava Goswami Bandhan Bank announced that its chief compliance officer (CCO) Sudheer Reddy Gavula has resigned from his position and has decided… By FE BusinessSeptember 11, 2023 10:48 IST
Yono 2.0 can onboard 75-100 fintechs: SBI MD ‘We also keep telling fintechs that the priority of information security is critical for us.’ By Piyush ShuklaSeptember 11, 2023 03:00 IST
NBFCs stay away from credit card business The pre-requisite to start credit card operations is a minimum net owned fund of Rs 100 crore. By Ajay RamanathanSeptember 11, 2023 01:30 IST
Banking sector focus: Loan growth at 15% with private banks outpacing public banks, Kotak estimates weaker growth by FY24 end According to the takeaways from the Reserve Bank of India’s (RBI) release, loan growth is holding up at ~15 per… By Tanya KrishnaSeptember 10, 2023 12:39 IST
MDBs to enhance lending capacity by $200 bn over next decade “While these are encouraging first steps, we will need to give an additional push for continued and further impetus on… By Prasanta SahuSeptember 10, 2023 05:15 IST
Restoring RBI’s independence: A seminal work on Indian economy and how financial stability can be maintained The RBI also publicly acknowledged that its open market operations (OMOs) were primarily geared to manage the government bond yields. By GuestSeptember 10, 2023 01:00 IST
RBI decides to withdraw incremental CRR in phased manner The measure was intended to absorb the surplus liquidity generated by various factors, including the return of Rs 2,000 notes… By PTISeptember 8, 2023 20:33 IST
Global Fintech Fest 2023 concludes with 65,000 footfall from over 100 countries, next edition on Oct 8-10, 2024 The three-day GFF 2023 brought together on one platform policymakers, regulators, bankers, industry captains, academicians and professionals of the fintech… By FE BusinessSeptember 8, 2023 13:19 IST
Southern Railway to launch first-ever coast-to-coast parcel express train between Chennai and Mangaluru
