Razorpay Raises $75 Mn From Sequoia Capital, Others
Payments solution provider Razorpay on Tuesday said it has raised $ 75 million in its Series C funding led by Sequoia In... Read more
Kerala Financial Corporations Annual Net Profit Jumps 113%
Kerala Financial Corporation has posted a net profit of ₹17.70 crore for FY 2018-19, registering a growth of 113 per c... Read more
Canara Bank To Expand Its Rooftop Solar Power Initiative
The public sector bank looks to set up rooftop solar plants at all of its properties across the country. Read more
Yes Bank Plans To Raise $1.2 Bn To Boost Capital, Says CEO Ravneet Gill
Yes Bank Ltd, Asia’s worst-performing bank stock this quarter, plans to raise $1.2 billion over 18 months to bolster i... Read more
Private Banks Cut Interest Rates On Deposits By Up To 25 Bps
Top private sector lenders have cut their interest rates on deposits by up to 0.25 per cent over the last week, official... Read more
Now, Some Postmen Will Be Delivering Bank Accounts
Health Ministry ropes in India Post Bank to reach fund support to TB patients Read more
FIRs Against Absconding Diamantaire
The CBI has booked absconding diamantaire Jatin Mehta in two fresh cases pertaining to an alleged loan fraud of over ₹... Read more
RBIs Revised Circular No Breather For NBFCs
FIDC tells RBI to put in place a mechanism to provide liquidity support to NBFCs Read more
Moody's Places Yes Bank Ratings Under Review For A Downgrade
Independent director Mukesh Sabharwal quits bank board Read more
HDFC Bank Mulls Search Panel To Appoint Successor To CEO Puri
He turns 70 next year and has been instrumental in getting the bank to its current stature as one of the most valued ban... Read more
RBI Sets Up Six-member Committee To Review ATM Interchange Fee Structure
The committee to review the overall patterns of usage of ATMs and assess the impact, if any, on charges and interchange ... Read more
RBIs Norms To Give More Headroom To Lenders To Resolve Big Ticket NPAs: SBI Report
Reserve Bank’s new guidelines to deal with bad loans will provide lenders the headroom and flexibility for resolution ... Read more
Oriental Bank Of Commerce Slashes One-year MCLR By Five Basis Points
The one-year MCLR is the benchmark against which most customer loans such as auto, personal and home loans are priced Read more
Yes Bank Board Member Mukesh Sabharwal Resigns
Sabharwal has mentioned that he wants to devote quality time on his academic pursuits Read more
Excess RBI Capital Must Be Used To Recapitalise PSBs: Bank Of America Merrill Lynch
It also said bank recapitalisation can indirectly support RBI objectives on the liquidity management Read more