Microsoft, SBI Foundation To Upskill Youth With Disabilities For BFSI Jobs
Microsoft has collaborated with SBI Foundation to create opportunities in the banking and financial services and insuran... Read more
Incentive Scheme For Sale Of Third-party Non-banking Products Under RBI Lens
Action follows fear of mis-selling, loss of focus on core banking activities; SBI and some other banks put on hold such ... Read more
IBC Check: In 3 Years, Just 6 Per Cent Of 3,312 Cases Have Seen Resolution
In December 2019 quarter, lenders have taken an 88% haircut on resolution Read more
Banks Lured By Record-low Borrowing Costs Binge On Bonds
Rupee bond sales by Indian banks are off to the best start in five years as the lenders lured by record-low borrowing co... Read more
RBI Study Sees Boost In Planned Capex Of Pipeline Projects
There has been a noticeable improvement in 2019-20 in the planned or envisaged capital expenditure (capex) from all sour... Read more
PSBs Recover Record ₹2.03 Lakh Crore Bad Loans In Last One-and-half Years: FM
Bad loans fall to ₹7.27 lakh crore at the end of September 2019, down from ₹8.96 lakh crore at the end of March 2018... Read more
Union Bank Reports Four Times Jump In Q3 Net Profit To ₹575 Crore
Huge recoveries coupled with lower provisioning requirement helped Union Bank of India report an almost four times jump ... Read more
Bank Of Baroda Cuts MCLR By Up To 10 Basis Points
State-owned Bank of Baroda on Monday announced cut in its marginal cost of funds-based lending rates (MCLR) by up to 10 ... Read more
In 2020, PayU India To Engage More With Banks For Digital Payments Push
To focus on omni channel payment services, ramp up consumer lending, says CEO Anirban Mukherjee Read more
RBI To Conduct ₹50,000-cr LTRO
To inject durable liquidity into the banking system and ensure transmission of changes in policy repo rate to bank lendi... Read more
Avendus Wealth Management Appoints Nitin Singh As MD And CEO
Avendus Wealth Management, financial services’ provider Avendus Group company, has appointed Nitin Singh as Managing D... Read more
IRDAI Revises Stewardship Policy For Monitoring Investee Companies
Following the recent troubles at a number of non-banking finance comapnies (NBFCs) and housing finance companies (HFCs),... Read more
HDFC Bank Appoints Anjani Rathor As Chief Digital Officer
HDFC Bank has appointed Anjani Rathor as its new Group Head - Digital Banking. Rathor has been designated Chief Digital ... Read more
Banks, Select Financial Institutions Report Frauds Involving ₹1.13 Lakh Crore In H1 Of FY20: Sitharaman
Frauds involving ₹1,13,374 crore were reported by banks and select financial institutions in the first half of the cur... Read more
Mahindra & Mahindra Financial Services To Raise ₹310 Cr Via NCDs
Non-banking finance firm Mahindra & Mahindra Financial Services on Monday said it will raise up to ₹310 crore thro... Read more