ICICI Bank Launches Digital Overdraft Facility
Private sector lender ICICI Bank has launched an online overdraft facility for its salaried customers.Called ‘Insta Fl... Read more
SBI Cuts Lending Rates By 25 Bps
The State Bank of India (SBI) has cut its Marginal Cost of Funds based Lending Rate (MCLR) by 25 basis points across all... Read more
IRDAI Asks Insurers To Hasten Processing Of Claims Related To Cyclone Nisarga
All general insurers and standalone health insurers should take immediate steps to register and quickly dispose off all ... Read more
RBI May Tweak Norms For Loan Sales
Move to ease pandemic impact on stressed assets Read more
Soon, Treasury Single Account For All Ministries, Departments
Move to minimise cost of borrowing, ensure better utilisation of funds Read more
Credit To MSMEs: Tamil Nadu Tops In Sanctions, Disbursals So Far
PSBs have till June 5 sanctioned ₹17,705.64 crore and disbursed ₹8,320.24 crore, says Finance Ministry Read more
IOB Cuts Interest Rates On Loans
Chennai-headquartered Indian Overseas Bank has reduced interest rates on loans linked to MCLR by 30 basis points in over... Read more
IL&FS Sells 50% Stake In GIFT City To Gujarat Government
Thus reducing consolidated debt by over ₹1,200 crore Read more
October-December Will Be A Testing Quarter For Banks: Union Bank Chief
The third (October-December) quarter could be a testing one for banks as slippage in accounts which opted for moratorium... Read more
Evolving Co-lending Model Promises Win-win Benefits To All Stakeholders
Though still early days, co-lending appears to offer win-win benefits to all stakeholders and the model is expected to g... Read more
The Next Googly Is Difficult To Predict: Federal Bank Chief
The bank is padded up for the tough overs and is set to open 2021 more confidently, says Shyam Srinivasan Read more
Infibeam Buys Out Corporate Credit Cards Firm Cardpay In All-share Deal
Financial technologies solutions provider Infibeam Avenues Ltd on Monday said it has acquired a 100 per cent stake in B... Read more
Bharti AXA Life Renewal Premium Up 17 Per Cent
New business premium declines due to Covid-19 induced shortfall in March Read more
Lockdown To Hit Profitability Of BoI
Bank of India (BoI), on Monday, said its profitability may get impacted in the first and second quarters due to the nati... Read more
Unscrupulous Entities Imitating RBI Mails For Fraudulent Purposes
The Reserve Bank of India (RBI) has cautioned members of the public as well as financial institutions to beware of some ... Read more