New Google Pay feature allows users to pay without UPI PIN for small transactions Users can activate the feature by logging into their Google Pay app and accessing their profile page, after which they… By PTIJuly 14, 2023 00:28 IST
HDFC Bank onboards over 1 lakh customers, 1.7 lakh merchants on CBDC The Reserve Bank of India last November launched the Central Bank Digital Currency (CBDC) pilot programme, a tokenised digital version… By PTIUpdated: July 13, 2023 17:18 IST
Bank of India targets $4-billion international business by 2026 Rajneesh Karnatak, MD & CEO, BoI, inaugurated the lender’s International Financial Services Banking Unit (IBU) in the GIFT SEZ area… By Abhinay KumarJuly 13, 2023 00:45 IST
Upbeat on transaction banking business in India: Standard Chartered MD The MD said over the years the foreign lender has made significant investments in its technology platforms. By Piyush ShuklaJuly 13, 2023 00:15 IST
Strong loan growth to propel NBFC earnings in Q1: Analysts While high interest rates had previously dented the demand for home loans, analysts say that this negative impact has now… By Ajay RamanathanJuly 13, 2023 00:05 IST
Must target 1 million CBDC transactions per day: RBI DG “One thing is that we wanted to have one million customers (of CBDC) by June. We already have 1.3 million… By Piyush ShuklaJuly 12, 2023 06:00 IST
RBI cancels licence of 2 co-op banks Harihareshwar Sahakari Bank ceases to carry on banking business, with effect from the close of business on July 11, 2023,… By PTIJuly 11, 2023 20:00 IST
RBI governor asks banks to remain extra careful and vigilant, focus on governance The meetings were also attended by Deputy Governors, M Rajeshwar Rao and Swaminathan J, along with a few senior officials… By PTIJuly 11, 2023 19:27 IST
SBI Cards CEO Rao Amara resigns, Abhijit Chakravorty to take over He also managed SBI’s operations in Bangladesh, where he served as country head and CEO. By FE BureauJuly 11, 2023 05:30 IST
Assam floods unlikely to dent microlenders’ collection efficiency MFIs also have a policy to give borrowers some kind of a collection break or relaxation during the period of… By Mithun DasguptaJuly 11, 2023 05:00 IST
Strong loan growth, NIM compression likely for banks: Analysts “We expect systemic loan growth to remain healthy in April-June, driven by a continued traction for retail, small and medium-sized… By Ajay RamanathanJuly 11, 2023 02:30 IST
Securitisation volume rises 60% in Q1FY24 to Rs 55,000 crore, says Crisil Securitisation volume increased by ~60 per cent on-year to Rs 55,000 crore this April-June quarter, CRISIL Ratings said in a… By FE BusinessJuly 10, 2023 15:39 IST
Finmin asks IBA to finalise wage revision of bankers of PSU banks by December 1 The wage revision for employees and officers of the public sector banks is due from November 1, 2022. By PTIUpdated: July 10, 2023 15:27 IST
Failure of the Silicon Valley Bank: The regulator should accept its fair share of blame Any story about SVB’s failure is incomplete without mentioning the role of monetary policy actions, the misplaced confidence in the… By GuestJuly 10, 2023 09:52 IST
HDFC Bank to offer 2% stake in NSDL public issue The depository on Saturday filed a draft red herring prospectus with the markets regulator for an IPO, offering up to… By Siddhant MishraJuly 10, 2023 03:10 IST
FM Nirmala Sitharaman nudges PSU banks to take swift action against frauds, wilful defaulters In a recent meeting with heads of PSBs, the finance minister urged them to focus on having robust risk management… By PTIJuly 9, 2023 17:13 IST
CBDC-UPI interoperability, fintech norms in the works Sankar added that while various fintechs are focusing on innovation, there is a need for greater emphasis on regulation. That… By Ajay RamanathanJuly 8, 2023 05:00 IST
UBS revamps leadership in Mideast wealth unit, Latin America Credit Suisse’s Bruno Daher will become Christl Novakovic’s deputy for the Middle East region, among the round of management changes… By BloombergJuly 7, 2023 07:40 IST
Excelsoft IPO closing today: Will it deliver a listing pop despite falling GMP? Here’s what the market mood suggests
Delhi student suicide: ‘He slipped and fell, teacher said he did it intentionally’ – Father reveals details of ‘continuous torture’
