Banking & Finance FDI cap hike and PSB mergers back on govt’s agenda to strengthen financial sector: Report Banking & Finance
RBI’s warning to fintechs: What are various licenses required for operating fintech company in India? Find out here
RBI releases FAQs; Paytm QR, Soundbox and card machine will continue to work even after March 15 – Details inside
RBI’s warning to fintech: Know more on top compliance measures, regulatory frameworks for industry players
Did Axis Bank officials siphon off Rs 6.5 crore from Australia-based OCI’s account? Bank denies claims
ESIC, American Express, RBL Bank, and City Union Bank among the most trending banking topics on Google in December
Chinese loan apps: ED freezes over Rs 46-cr worth funds kept in payment gateway accounts The searches were launched on September 14 at multiple premises of the accused in Delhi, Mumbai, Ghaziabad, Lucknow and Gaya. By PTIUpdated: September 16, 2022 17:40 IST
Exploring mechanism to facilitate trade settlement in rupee: Atul Kumar Goel, MD & CEO of Punjab National Bank The IBC, he says, will yield better results with economic activities picking up after disruptions caused by the pandemic. By Banikinkar PattanayakSeptember 16, 2022 03:00 IST
SBI says it isn’t nodal bank for Re trade with Russia The SBI said it is “making necessary arrangements and processing requests” By FE BureauSeptember 16, 2022 01:05 IST
Bank of Baroda hikes FD rates by up to 20bps With this, the bank will pay an interest rate of 5.50% for one-year deposit. By FE BureauSeptember 15, 2022 03:05 IST
Interview | ‘Attrition in Citi portfolio well within expected zone, ‘ says Axis Bank MD & CEO Amitabh Chaudhry The bank is in discussions with the RBI to ensure that the regulator is aware of and approves of the… By Shritama BoseSeptember 15, 2022 02:05 IST
IDBI Bank sale to herald PSB privatisation: Tuhin Kanta Pandey EoI for strategic disinvestment of the lender soon By FE BureauSeptember 15, 2022 01:45 IST
SC directs Union Bank to release over Rs 1,300 crore lying in its escrow account to NHB RBI had, on November 20, 2019, superseded the Board of Directors of DHFL over governance concerns and defaults in meeting… By Indu BhanSeptember 14, 2022 03:00 IST
RTI disclosure of sensitive info will breach right to privacy: Banks tell SC A Bench led by Justice BR Gavai after a detailed hearing on the bank’s stand reserved its judgment on the… By Indu BhanSeptember 14, 2022 00:20 IST
NBFCs turn around, likely to expand AUMs by 11-12% by FY23: Report The sector saw a slowdown between FY20 and FY22 with their AUM growing at a modest 2-4%, rating agency Crisil… By FE BureauSeptember 13, 2022 07:36 IST
Ujjivan SFB opens QIP issue, sets floor price at Rs 21.93 The Bengaluru-based lender in February said it plans to raise Rs 600 crore by issuing shares on a QIP basis. By FE BureauSeptember 13, 2022 02:30 IST
Rising credit card and UPI payments indicate increase in consumption, say experts The credit card spending on e-commerce platforms, which was valued at Rs 51,375 crore in April, rose to Rs 55,264… By PTISeptember 11, 2022 15:19 IST
Bank deposits to rise, as credit growing, liquidity narrowing; RBI will likely continue rate hikes in FY23 Care Ratings in a report said that it expects an uptick in deposit rate to pick up as the credit… By Harshita TyagiSeptember 11, 2022 09:24 IST
Realising the global opportunity in futuristic payment systems PwC predicts that cashless payment volume will surge by over 80% from 2020 to 2025 (hitting 1.9 tn transactions), and… September 10, 2022 15:15 IST
Drive against digital frauds: RBI to crack down on illegal loan apps To weed out unregistered payment aggregators By FE BureauSeptember 10, 2022 06:15 IST
Tech entities should develop robust governance system: RBI ED Ajay Kumar Choudhary A blind adoption without understanding the biases and the models based on artificial intelligence, machine learning and internet-of-things built with… By FE BureauSeptember 9, 2022 02:30 IST
Need to balance innovation, consumer interest in digital lending : RBI Dy Gov While digital lending has gathered pace in recent times and changed the nature of banking, consumer protection is necessary from… By FE BureauSeptember 9, 2022 00:15 IST
Digital lending rules designed to end regulatory arbitrage, protect customers, says RBI DG M Rajeshwar Rao Speaking at an event organised by industry body Assocham, Rao said there was unbridled engagement of third parties, misselling, breach… By PTISeptember 8, 2022 13:35 IST
IDFC on board, ONDC set for Bengaluru launch The pilot is now running in more than 50 cities and towns. Right now, ten banks are in various stages… By Tushar GoenkaSeptember 8, 2022 02:15 IST
Income tax refunds stuck? Taxpayers with ‘inflated claims’ under old regime facing additional scrutiny – Details here
