New Delhi: Anup Chandra Pandey appointed as new Election Commissioner..
New Delhi: LIC Chairman M R Kumar got nine-month extension from Govt..
New Delhi: India Oil Refiners Shut for Work Before Likely Demand Pickup..
PFC extended 3 crores support for construction of Dr. KB Hegdewar School..
New Delhi: NBCC signs MoU with ALIMCO to contribute 100.62 lacs..
New Delhi: BDL received order of Rs 372.98 crore to supply MRSAM Missile..
New Delhi: Market-Cap of all good PSUs stood 19.45 Lakh..
New Delhi:GAIL honored with Golden Peacock Award..
New Delhi: HSCC's agreement of worth 1,800 crore for upgradation medical projects..
New Delhi: Capex utilisation in DFCCIL increased 21%-Railway Minister reviewed the progress..
New Delhi: The Reserve Bank of India (RBI) has, by an order dated October 18, 2021, imposed a monetary penalty of Rs. 1.95 crores (Rupees One Crore and Ninety-five Lakh only) on Standard Chartered Bank - India (the bank) for non-compliance with the directions issued by RBI on ‘Customer Protect
Posted Date : 18-10-21
New Delhi: The Reserve Bank of India (RBI) has, by an order dated October 18, 2021, imposed a monetary penalty of Rs. 1 crore on the State Bank of India for non-compliance with the directions contained in ‘Reserve Bank of India (Frauds classification and reporting by commercial
Posted Date : 18-10-21
The Board of Directors of HDFC Bank Limited approved the Bank’s (Indian GAAP) results for the quarter and half year ended September 30, 2021, at its meeting held in Mumbai on Saturday, October 16, 2021. The accounts have been subjected to an audit by the statutory auditors of the Bank.
ST
Posted Date : 16-10-21
New Delhi: HDFC Bank, India’s largest private sector lender, may report standalone profit growth of 15 percent in the second quarter of this financial year, experts said. Last Quarter bank reported 16 percent growth in net profit year-on-year (YoY) at Rs 7,729.64 crore.
HDFC Bank is
Posted Date : 16-10-21
Mumbai: Union Bank of India partners with CDAC (Centre for Development of Advanced Computing) Hyderabad, Ministry of Electronics and Information Technology, Government of India, under Bank’s Cyber Security Centre of Excellence (CCoE) initiative, according to which CDAC will assist the Bank to
Posted Date : 16-10-21
New Delhi: The Reserve Bank of India (RBI) on Friday, 15 Oct approved the appointment of Pankaj Kumar Panja as part-time Chairman of Karnataka Bank which will come into effect from 14, November 2021 for a period of three years. The bank announced the appointment in a regulatory filing today.
Th
Posted Date : 15-10-21
New Delhi: The fintech company BharatPe announced the onboarding of the former Chairman of State Bank of India Mr. Rajnish Kumar as the company's Board Chairman.
According to the BharatPe statement, He will be involved in defining the company’s short-term and long-term strategies, and
Posted Date : 13-10-21
India: Reserve Bank of India has authorized Karur Vysya Bank to collect Direct Taxes on behalf of the Central Board of Direct Taxes (CBDT).
Following the approval received, the bank has initiated the integration process with CBDT. Once completed, customers of the Bank can remit their
Posted Date : 13-10-21
Mumbai: ICICI Bank today announced the launch of ‘Home Utsav’, a virtual property exhibition that digitally showcases real estate projects by renowned developers from key cities across the country. The exhibition offers enhanced convenience to prospective home buyers as they can select t
Posted Date : 13-10-21
New Delhi: An FIR has been registered against Trimax IT Infrastructure and Services Ltd for cheating State Bank of India-led consortium of Rs 862.06 crore. CBI booked IT & Service Limited with its directors for allegedly cheating between 2009 and 2017. During the time period of 2009 and 2017, th
Posted Date : 11-10-21
New Delhi: The Reserve Bank of India issued the extension of the facility for Banks’ lending to NBFCs for on-lending, RBI mentioned with a view to increase the credit flow to certain priority sectors of the economy which contribute significantly to growth and employment, and recognizing the ro
Posted Date : 11-10-21
New Delhi: India's largest Private Lender HDFC Bank in a move to light up hearts in rural India during the festive season have launched the Festive Treats 3.0 campaign along with Common Services Centers (CSC) with more than 10,000 offers.
With a near ten-fold increase from 2020
Posted Date : 09-10-21
New Delhi: An Indian banking and financial services company, Bandhan Bank showed the effective collection for the month of September. The total deposits showed an increase of 6% (QoQ) and 24% (YoY).
The Bank has shown the Bank's Deposits, Advances, and other information for the quarter
Posted Date : 09-10-21
New Delhi: The Central Bank (RBI) on Friday released the Monetary Policy Report which mentioned the various measures taken by the RBI. The Monetary Policy Committee was chaired by the RBI governor Shaktikanta Das.
According to the RBI statement, the central bank has kept the key lending rate- R
Posted Date : 08-10-21
New Delhi: India's Central Bank and regulatory body Reserve Bank of India (RBI) on Friday, October 8, 2021, introduces the various developmental and regulatory policy measures which include liquidity measures; payment and settlement systems; debt management; and financial Inclusion and customer
Posted Date : 08-10-21
New Delhi: The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1 lakh (Rupees one lakh only) on The Kheda People’s Co-operative Bank Ltd., Kheda (Gujarat) for contravention of directions issued by RBI on ‘Loans and advances to directors, relatives and firms/ concern
Posted Date : 07-10-21
Customers can tap their NFC enabled Android smartphones to pay at merchant outlets
Over 1.5 crore debit and credit card customers to benefit from this service
Mumbai: ICICI Bank today announced the launch of a contactless payment service through its banking app, iMobile Pay, that enables custo
Posted Date : 06-10-21
New Delhi: HDFC Bank is set to light up Indian hearts with more than 10,000 offers as part of its Festive Treats 3.0 campaign, a near 10 fold increase from 2020. This year our Festive Treats will have more than 10,000 offers on cards, loans and easy EMIs.
The theme of this year’s Festive Tr
Posted Date : 06-10-21
New Delhi: Reserve Bank of India Appoints an Advisory Committee to advise the Administrator of Srei Infrastructure Finance Limited (SIFL) and Srei Equipment Finance Limited (SEFL).
The Reserve Bank of India, yesterday has superseded the board of directors of SIFL and SEFL and appointed Shri
Posted Date : 05-10-21
Bangalore- To bolster its goal of building a robust and diverse MSME portfolio and strengthen the top management team to provide the necessary leadership direction and support towards the same, Jana Small Finance Bank announced the appointment of Sumit Aggarwal as the head of MSE & Supply Chain
Posted Date : 04-10-21
New Delhi: The Reserve Bank of India Today on October 04, 2021, in exercise of the powers conferred under Section 45-IE (1) of the Reserve Bank of India Act, 1934 superseded the Board of Directors of Srei Infrastructure Finance Limited (SIFL) and Srei Equipment Finance Limited (SEFL), owing to gover
Posted Date : 04-10-21
New Delhi: The Reserve Bank of India (RBl) has imposed, by an order dated October 01, 2021, a monetary penalty of 25 lakh (Rupees Twenty Five Lakh only) on Adarsh Mahila Nagari Sahakari Bank Limited, Aurangabad, Maharashtra (the bank) for contravention of/ non-compliance with the directions iss
Posted Date : 01-09-21
New Delhi: Export-Import Bank of India (Exim Bank) has entered into an agreement dated March 16, 2021 with the Government of the Democratic Socialist Republic of Sri Lanka (Borrower), for making available to the latter, Government of India supported Line of Credit (LoC) of USD 100 million (USD One H
Posted Date : 30-09-21
Chennai: Indian Overseas Bank (IOB), a leading public sector bank headquartered in Chennai, announced several festivals offers for its customers. These offers will be extended up to December 31, 2021.
The offers include
* 100% waiver of processing charges for Housing Loan (Subhagruha
Posted Date : 30-09-21
New Delhi: The Reserve Bank of India has today on September 30, 2021, said that the applicable average base rate of 7.95 percent to be charged by NBFC-MFIs to their borrowers for the quarter beginning October 1.
In a Press Release, RBI mentioned, "The Reser
Posted Date : 30-09-21
Jalalabad: HDFC Bank, under its flagship CSR programme Parivartan, installed a medical oxygen generation plant at Jalalabad Civil Hospital to strengthen the healthcare infrastructure against a potential third wave of COVID-19. The plant uses pressure swing absorption (PSA) technology developed by DR
Posted Date : 29-09-21
Mumbai: India’s leading private sector bank, HDFC Bank is planning to reach more villages to expand its services in rural areas. The expected period for the plan is 18 to 24 months. The bank plans this expansion through a combination of branch networks, business correspondents, business facili
Posted Date : 29-09-21
New Delhi: The Reserve Bank of India on September 27, 2021, imposed a monetary penalty of Rs 2 crore on RBL Bank Limited for contravention of section 28 (h) of the Reserve Bank of India (Interest Rate on Deposits) Directions, 2016, and for non-compliance with the provisions of clause (b) of sub
Posted Date : 28-09-21
Mumbai: Federal Bank joined hands with the National Payments Corporation of India (NPCI) to launch the ‘Federal Bank RuPay Signet Contactless Credit Card’. One of the major highlights of this card is, it comes with the lowest Annual Percentage Rate (APR) starting from just 5.88% per annu
Posted Date : 27-09-21
Chennai: Indiabulls Housing Finance Limited repaid Rs 7,075.84 Crores of NCDs to investors in Sep 2021 Indiabulls Housing Finance Limited (“Company”, “IBH”), in September 2021, repaid Rs. 7,075.84 Crores of Non-Convertible Debentures (NCDs) to its investors.
The
Posted Date : 24-09-21
Chennai: Federal Bank, India’s leading Private Sector Bank today signed a Memorandum of Understanding (MoU), with Ashok Leyland, flagship of the Hinduja Group, the second-largest commercial vehicle manufacturer in India with their complete range of BS6 vehicles.
The MoU wa
Posted Date : 22-09-21
Mumbai: HDFC Bank and Paytm, India’s leading digital ecosystem for consumers and merchants (1), on Monday, September 20, 2021, announced plans for launching a comprehensive range of credit cards powered by VISA. In a first-of-its-kind alliance, the partnership aims to provide one of the w
Posted Date : 22-09-21
New Delhi: Reserve Bank of India on Tuesday shares the rate of interest on Government of India Floating Rate Bonds, 2033 (GOI FRB 2033) of 4.62 percent per annum which will be applicable for the half-year September 22, 2021, to March 21, 2022.
It may be recalled that FRB, 2033 will carr
Posted Date : 22-09-21
Mumbai: YES BANK announced its partnership with Visa to offer credit cards to its customers on the payment platform. With the partnership, the Bank commences issuance of select credit card variants, consumer as well as commercial, on Visa’s payment network – the transition has been achie
Posted Date : 21-09-21
New Delhi: With an endeavor to continue its community engagements, the Bank of India celebrated its 116th Foundation Day with a tree plantation drive across all its 59 Zones & 10 NBGs.
During the drive, Bank officials planted 7800 saplings and took a collective pledge to keep the en
Posted Date : 21-09-21
Mumbai: Bank of Baroda (BoB) - India’s third-largest public sector bank and Bharat Petroleum Corporation Limited (BPCL) - a ‘Maharatna’ & a Fortune Global 500 Company have announced the launch of BoB BPCL RuPay NCMC Platinum International co-branded Contactless Debit Card.
&
Posted Date : 20-09-21
Greater Noida: HDFC Bank, in partnership with UNDP India, on September 14, 2021, signed a Memorandum of Understanding (MoU) with Greater Noida Industrial Development Authority (GNIDA) for setting up a Swachhta Kendra (Material Recovery Facility) in the city. The facility will benefit the people of G
Posted Date : 16-09-21
Mumbai: One of the largest Public Sector Banks in India Union Bank of India on Tuesday states that the bank has secured its first sustainability-linked loan aggregating, "overseas loan facility" through its international banking division. The leading bank mentioned that the total syndicate
Posted Date : 15-09-21
New Delhi: The Reserve Bank of India (RBI) has extended the Directions issued to the People’s Co-operative Bank Limited, Kanpur (Uttar Pradesh) for a further period of three months from September 11, 2021, to December 10, 2021, subject to review. According to the RBI, the bank has been under d
Posted Date : 11-09-21
New Delhi: Karnataka Bank launched WisePOSGo - a POS device (Point of Sales swiping machine) that processes business payments, in collaboration with Mswipe Technologies for the Bank's merchant customers.
Mahabaleshwara M.S, MD & CEO, said "This is yet another product in line with our
Posted Date : 11-09-21
New Delhi: Continuing its robust efforts to support MSMEs, HDFC Bank, India’s largest private-sector bank, has signed a Memorandum of Understanding (MoU) with National Small Industries Corporation (NSIC) to offer credit support to MSMEs across the country.
As part of this collaboration, HDF
Posted Date : 08-09-21
New Delhi: IDBI Intech Ltd., the technology-led business transformation organization offering specialized solutions in the Banking, Financial Services and Insurance (BFSI) verticals has successfully implemented their iAML (Anti Money Laundering) solution at India’s insurance giant, the Li
Posted Date : 07-09-21
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Bangalore- Extending the array of its digital banking services, Jana Bank becomes the payment gateway services provider to ‘Namma Shaale Nanna Koduge’, a Government of Karnataka initiative.
The Namma Shaale – Nanna Koduge (My School, My contribution) programme aims to provide ac
Posted Date : 07-09-21
Millions of ICICI Bank customers can add credit cards of any bank to the app within a few seconds
They can instantly pay dues, set reminders, view payment history, and more, all from a single platform
Mumbai: ICICI Bank today announced that it has enabled millions of its sa
Posted Date : 06-09-21
· Coupon Rate of up to 9.75% per annum*
· Security cover of 1.25 times on the principal amount and interest thereon
· Tranche I Issue rated as ‘CRISIL AA/Stable (double A: Stable) by CRISIL Ratings Limited and BWR AA+/Negative (double A plus/Negative) by Brickworks R
Posted Date : 03-09-21
New Delhi: The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 25 lakh (Rupees Twenty five lakh only) on Axis Bank Limited (the bank) on Wednesday for contravention of/non-compliance with certain provisions of directions issued by RBI contained in the Reserve Bank of India &nda
Posted Date : 02-09-21
New Delhi: Shri Shanti Lal Jain assumed charge as Managing Director and Chief Executive Officer of Indian Bank on 1st September 2021. Prior to this, he served as Executive Director of Bank of Baroda since September 2018.
A Post Graduate in Commerce, with Professional Qualification of Charte
Posted Date : 01-09-21
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New Delhi: Karnataka Bank today launched its “KBL FASTag”, a pre-loaded payment instrument to facilitate seamless movement of vehicles at the toll plazas across India, in association with NPCI (National Payment Corporation of India) and M/s Worldline, the FASTag processor.
S
Posted Date : 25-08-21
New Delhi: India's Private lender ICICI Bank has filed a case against the Karvy Stock Broking Ltd promoter C. Parthasarathy and others for allegedly cheating ICICI Bank to the tune of Rs 563 crore.
According to sources, the police issued a press release on Tuesday night states the c
Posted Date : 25-08-21
New Delhi: The e-commerce websites are now no longer to store the card data of their customers on their sites, as seeing the more ransomware attacks the Reserve Bank of India has come up with this tough decision.
RBI's ban on the storage of card details will lead towards the less fr
Posted Date : 25-08-21
New Delhi: Engineers India Limited (EIL) and Evergreen Technologies Private Limited (ETPL) have signed a Collaboration Agreement for Marketing, Supply & Development / Upgradation of Proprietary It ...
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