PFRDA Introduces OTP-based Onboarding For NPS Scheme
Investors can now open an NPS account through internet banking using OTP received on their registered mobile number Read more
IndiaFirst Life To Offer Covid-19 And Hospital Cash Cover To Bank Of Baroda Credit Card Customers
IndiaFirst Life Insurance has associated with BOB Financial Services Ltd (BOB Financial), a wholly-owned subsidiary of B... Read more
IOB Converts Landmine Of NPAs Into Goldmine, Says CEO
Indian Overseas Bank (IOB), which has been under the Reserve Bank of India’s prompt corrective action (PCA) since Octo... Read more
Fintech, Digital Lenders Launch Schemes For MSME Credit
As banks are being prodded by the government to extend liquidity support to micro, small and medium enterprises (MSMEs),... Read more
Bankers In India Are More Productive Working From Home
Work from home may remain part of the norm for many in India’s financial industry beyond the end of the worlds biggest... Read more
Goldman India CEO Tells Clients Liquidity Is The Biggest Theme
Goldman Sachs Group Inc is telling clients in India to fortify their balance sheets to prepare for the uncertainty broug... Read more
NBFC Ratings Cut At S&P As Covid-19 Pandemic Worsens Liquidity Woes
Credit scores of several non-banking financial companies (NBFCs) were downgraded by S&P Global Ratings due to liquid... Read more
Maharashtra Banks Unable To Offer Fresh Crop Loans To Defaulting Farmers
Banks in Maharashtra are unable to sanction fresh crop loans to some farmers as rules don’t permit them to extend fres... Read more
Banks Report Higher Demand For Car, Consumer-durable Loans
However, NBFCs say demand largely coming from small businesses, shopkeepers Read more
Tamilnad Mercantile Bank Records 58% Increase In FY20 Net Profit
Loans to priority sector like agri, MSME, education up by 10.50% Read more
Savers Plight: Interest Rates Across Bank Deposits, Small Savings At Multi-decade Low Levels
With the RBI cutting its policy repo rate sharply over the past few months amid growing pandemic concerns, banks, too, h... Read more
Yes Bank Invokes Pledged Shares Of Jhabua Power And Avantha Realty
Private sector lender Yes Bank has acquired stake by invoking pledged shares of Jhabua Power and Avantha Realty after de... Read more
In FY20, More Than 77 Per Cent Of Borrowers Are First Generation Entrepreneurs: Survey
Nearly 77.6 per cent of the borrowers in financial year 2020 were first-generation entrepreneurs, of which 14.5 per cent... Read more
IRDAI Asks Insurers To Offer `Corona Kavach Policy On Or Before July 10
It includes Homecare treatment costs for Covid-19 Read more
CSB Bank Plans To Open 101 Branches
To focus on mobilising CASA deposits, sourcing gold loans across India before September-end 2020 Read more