BANKS
Changes in banking regulation law aimed at improving governance in cooperative banks: FMMoving the Banking Regulation (Amendment) Bill, 2020 in the Lok Sabha, Sitharaman said the government was compelled to come out with an ord...
- State Bank of India planning to monetise its integrated digital banking platform YONO
The country's largest bank may soon carve out the digital platform into a separate entity, he said at a CII event. "The work has started,"...
- Mobile banking
- Reserve Bank of India looks to sort out e-KYC matter for non-bank lenders
The government has been hesitant to give non-banks entities the access to the Unique Identification Authority of India’s (UIDAI) database f...
- As digital pay opens up, so do banking frauds
Last year around this time, a Singapore-based cybersecurity firm Group-IB had flagged that nearly 1.3 million debit and credit card data of...
- Axis Bank partners with Bayer's better life farming (BLF) initiative in India
Digital financial solutions and doorstep delivery of these services will be part of the bank's offering to ensure convenient and hassle-fre...
- HDFC Bank looks to increase number of banking correspondents to 25,000 by March
The bank is looking at its tie-up with the government's common services centres (CSCs) to expand its BC network.
- States ping banks, payment companies to adopt contactless solutions
Uttar Pradesh, Gujarat and Rajasthan transport bodies have issued tenders for contract, calling for bids from banks and digital service pro...
- Citi appoints Arjun Chowdhry as acting head of consumer banking business in India
The appointment was necessitated after Shinjini Kumar, the head of the consumer banking business, stepped down.
- India Ratings revises banking sector outlook to negative
“The spike in stressed assets due to pandemic is expected to double the credit costs for banking system than estimated pre-COVID-19 levels ...
- Shift towards digital banking is permanent: SBI Chairman, Rajnish Kumar
"Progressively, we are seeing that there has been a shift away from branches and even from ATMs. The number of transactions on ATMs have co...
- Co-operative Banks now under RBI's ambit, Banking Regulation (Amendment) Bill, 2020 passed in Lok Sabha
In a bid to protect the interest of depositors, the Lok Sabha on Wednesday passed an amendment to the Banking Regulation Act to bring coope...
- India's fraud-hit PMC Bank asked other major banks for a merger, says administrator
Authorities started investigating Punjab and Maharashtra Co-operative Bank (PMC) for fraud last year and the Reserve Bank of India (RBI) to...
- RBI, government in right direction to keep economy moving: Axis Bank CEO
Talking about reforms in the financial sector, Chaudhry said the functioning of public sector banks has not changed even after consolidatio...
- Punjab and Maharashtra Co-operative Bank gets a new administrator
PMC was placed under RBI directions on September 23, 2019, after its NPAs rose sharply due to loans given to real estate company HDIL and i...
- Rajya Sabha passes The Banking Regulation (Amendment) Bill, 2020
New Delhi: Parliament on Tuesday passed amendments to the Banking Regulation Act to bring cooperative banks under the supervision of the RB...
- Indian Parliament passes bill to bring cooperative banks under RBI's supervision
The Banking Regulation (Amendment) Bill, 2020, which replaces an ordinance that was promulgated on June 26, was passed by a voice vote in R...
- Banks not risk averse, they are being prudent: SBI chairman Rajnish Kumar
"If the capex (capital expenditure) is not happening and investment in the economy is not happening at the same pace, then obviously this i...
- Bank of Maharashtra, Indian Overseas Bank slash MCLR by up to 10 bps
State-run Bank of Maharashtra has slashed its marginal cost of funds based lending rate (MCLR) by up to 10 basis points for select tenors e...
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