Banking & Finance India hits 89% financial account ownership, but inactivity remains a challenge, says World Bank report Banking & Finance
Ahead of RBI deadline, Paytm and Axis Bank to submit TPAP application for UPI ops with NPCI this week
RBI’s warning to fintechs: How do international compliance standards impact fintechs in India? Know about GDPR or AML directives
FIDC seeks dedicated refinance body Considering the high vulnerability of small borrowers, including MSMEs, there is a strong case for having differential prudential norms for… By FE BureauSeptember 22, 2022 01:45 IST
Bandhan Bank aims to double business at Rs 4 trillion by 2025 Kolkata-headquartered bank is giving a digital push for better customer service. Per day nearly 7.5 lakh digital transactions are being… By Nayan DaveSeptember 22, 2022 01:00 IST
Rate differential with global deposits puts lid on FCNR flows to Indian banks Shyam Mani, head – SME & NRI of CSB Bank, said that interest rates overseas have gone up after the… By Shritama BoseSeptember 22, 2022 00:30 IST
Crisil sees banks’ GNPAs touching decadal low of 4% by FY24 A study of large exposures of banks, constituting more than half of corporate advances, showed the share of high-safety exposures… By FE BureauSeptember 22, 2022 00:15 IST
HDFC Capital launches tech innovation challenge for affordable housing, to invest up to Rs 500 crore in winning deals The third edition of the tech challenge will identify and award disruptive innovations in areas of construction, sales, fintech, and… By PTIUpdated: September 21, 2022 15:44 IST
RBI working to ensure safety in digital lending space Das launched a RuPay credit card linked to the Unified Payments Interface to further deepen the reach of cashless transactions. By FE BureauSeptember 21, 2022 03:00 IST
RBI removes Central Bank from PCA watchlist Central Bank turned the corner in FY22, posting its first full year of profit after FY15. Its net profit for… By FE BureauSeptember 21, 2022 02:15 IST
RBI will not penalise or stifle you, but follow ‘traffic rules’ – Shaktikanta Das to fintechs The innovations that come out have to enhance the efficiency and resiliency of the financial system, while benefitting the customer,… By PTIUpdated: September 20, 2022 21:21 IST
Fintech industry needs to work relentlessly on safety to uphold people’s trust, says PM Modi In his message at the Global Fintech Fest, Modi said the sector has been an example of the wonders that… By PTIUpdated: September 20, 2022 11:51 IST
SBI asks its branches to avoid dollar exposure on Bangladesh This will effectively mean that domestic exporters and importers who have business links with the country’s top lender will be… By Banikinkar PattanayakUpdated: September 20, 2022 07:16 IST
MTM losses: No RBI breather for banks Central bank refuses to delink MTM losses from operating performance By Banikinkar PattanayakSeptember 20, 2022 05:30 IST
Lenders must enforce loan recovery laws more strictly Some bankers suggested a common pool of agents be set up under the umbrella of the Indian Banks Association which… By FE BureauSeptember 20, 2022 01:15 IST
Yes Bank Fraud: CBI files chargesheet against Rana Kapoor, Gautam Thapar in Rs 466.51 crore scam Although Rana Kapoor was not named a suspect in the FIR registered on June 2 last year, his role in… By PTIUpdated: September 19, 2022 20:44 IST
Eye on ‘sustainable finance’: Banks to seek wider priority sector ambit IBA to soon approach RBI with proposal By Banikinkar PattanayakSeptember 19, 2022 06:25 IST
FM Sitharaman to meet chiefs of state-run banks to review schemes for SCs Financial services secretary Sanjay Malhotra, the chairman of National Commission for Scheduled Castes and senior finance ministry officials are expected… By FE BureauSeptember 19, 2022 03:45 IST
Gold loan NPAs won’t affect lenders: Experts Globally, gold prices fell for a fourth straight session on Friday, as expectations of an interest rate hike by the… By Shashank DidmisheSeptember 17, 2022 07:29 IST
We are aiming to grow 50% faster than industry over 3 years: Pralay Mondal, managing director & CEO, CSB Bank The bank will continue to open 100 branches a year in the medium term, he added. By Shashank DidmisheSeptember 17, 2022 07:21 IST
Customer convenience: Banks’ systems should talk to each other, says FM Sitharaman Use of new technology will also aid in increasing the efficiency of banks to prevent fraud detection, unusual transactions and… By FE BureauSeptember 17, 2022 04:45 IST
Glenmark inks exclusive licensing pact with Hengrui for next-gen cancer drug; to make $18 m upfront payment
