New Delhi: PM in RE-Invest 2020: India is 4th largest among others in renewable power capacity..
New Delhi: India signs MoU with Finland for developmental projects..
New Delhi: Indian Railway launches digitized online Human Resource Management System..
New Delhi: PFC and REC executed MoU with SJVN Thermal Ltd..
Uttar Pradesh: FICCI UP State Council signed an MOU with AFL..
Uttar Pradesh: FICCI UP State Council signed an MOU with AFL..
Bongaigaon: NTPC Bongaigaon and CISF join hands to empower youth for future challenges..
New Delhi: Balmer Lawrie signed the MoU with the Ministry of Petroleum and Natural Gas..
New Delhi: Coal India to set up 3 GW solar power projects worth Rs 5650 crore by 2024..
New Delhi: EPFO conferred with Platinum Partner Award for highest transactions on UMANG App..
Mumbai: On the 4th Foreign Exchange Dealer’s Association Annual Day held on Thursday, November 26th, 2020 the Governor of Reserve Bank of India Shri Shaktikanta Das has raised concerns over the demand sustainability which is consistently sliding down due to the close of markets in the
Posted Date : 27-11-20
New Delhi: The Reserve Bank of India extended the validity of the directions from time-to-time, the last being up to November 30, 2020. RBI vide directive dated February 21, 2013, had placed the Rupee Co-operative Bank Ltd., Pune, Maharashtra under Directions from the close of business on Februar
Posted Date : 26-11-20
New Delhi: The Government of India has sanctioned the Scheme for the amalgamation of the Lakshmi Vilas Bank Ltd. with DBS Bank India Ltd on November 25, 2020. The amalgamation will come into force on the Appointed date i.e. November 27, 2020. All the branches of the Lakshmi Vilas Bank Ltd. will f
Posted Date : 26-11-20
New Delhi: The Union Cabinet, chaired by the Prime Minister, Shri Narendra Modi has given its approval to the Scheme of Amalgamation of Lakshmi Vilas Bank Limited (LVB) with DBS Bank India Limited (DBIL). On November 17 2020, to protect depositors' interest and in the interest of financial an
Posted Date : 25-11-20
New Delhi: The Reserve Bank of India had constituted an Internal Working Group (IWG) on June 12, 2020 to review extant ownership guidelines and corporate structure for Indian private sector banks. The Terms of Reference of the IWG inter alia included review of the eligibility criteria for individ
Posted Date : 24-11-20
New Delhi: Keeping the RBI's criteria to get a banking licence with assets of Rs 50, 000 crores, half of the measured NBFCs are qualifying the norms.
The RBI's norm mentioned that the well-run NBFCs with assets of the above Rs 50, 000 crores including which are ow
Posted Date : 24-11-20
New Delhi: The continuous decline in the credit growth since 2009-10 till 2020-21 it is showed that the Indian Bank including the public sector banks has a drawback and unable to set up the credit needs of the economy due to limited capital.
The new gateways of the banking to
Posted Date : 23-11-20
NewDelhi: The Reserve Bank of India suggests converting the large Non-Banking Financial Company (NBFCs) into banks according to the fulfillment of certain criteria.
The central bank panel recommended that Well run large NBFCs, with an asset size of Rs 50,000 crore and above, i
Posted Date : 20-11-20
New Delhi: The State Bank of India's one more step towards giving the best services to its customers. India's largest public sector bank is set to upgrade its internet banking platform to provide for a better experience.
SBI says, "We request our esteemed custome
Posted Date : 19-11-20
Maharashtra: After a massive loss faced by the Punjab and Maharashtra Cooperative Bank, there comes a ray of hope from some investors of the Business group. these groups have shown interest in the revival of the beleaguered PMC Bank.
It has been said that there are few enquiri
Posted Date : 18-11-20
Mumbai: In a virtual event organized by the HDFC Bank launched its “Mooh Band Rakho” campaign Today. It was launched by Retd. Lt General Dr. Rajesh Pant, National Cyber Security Coordinator, Government of India and Mr. Jimmy Tata, Chief Risk Officer, HDFC Bank.
Posted Date : 17-11-20
Mumbai: The largest small finance bank in India Equitas Small Finance Bank announced Smriti Mandhana the Indian Woman Cricketer as the new brand ambassador.
Mr. Murali Vaidyanathan, President and Country Head – Branch Banking, Liabilities, Product & Wealth, Equitas Sm
Posted Date : 17-11-20
New Delhi: RBI, Reserve Bank imposed a penalty of Rs 50 lakh on the Central bank of India for non-compliance with its directions on disbursal of some housing loans, on Tuesday said.
RBI mentioned in its statement, "Reserve Bank of India (RBI) has, by an order dated Novem
Posted Date : 17-11-20
Hyderabad: SBI Promoting its core value of sustainability, and adopted 15 tigers as part of Nehru Zoological park's Animal Adoption Programme. "Your bank is committed to supporting the preservation of wildlife and endangered species." SBI mentioned.
Since 2014,
Posted Date : 16-11-20
New Delhi: The Indian Bank's Association and Workmen Unions agreed on the increment on the total quantum of wage increase is Rs 3,385 crore. This wage revision case for the public sector bank officers has been pending since 2017. Now it is signed, sealed, and delivered.
T
Posted Date : 16-11-20
Karnataka: Economic Response - Loan Distribution Program - During the difficult time of Covid-19, participated in a program organized by District Central Cooperative Banks and District Co-operative Milk Unions of Belagavi Province under various schemes formed by Central and State Governments.
Posted Date : 13-11-20
New Delhi: Continuing its CSR activities by giving back to society, SBI donated an ambulance to NGO Earth Saviours Foundation. Chairman, Shri. Dinesh Khara flagged off the ambulance in the presence of DMD FIMM, Shri. Sanjeev Nautiyal & CGM (New Delhi Circle), Shri. Vijay Ronjan.
Posted Date : 10-11-20
New Delhi: After a long wait and many legal issues faced by WhatsApp, the new whatsapp pay feature is finally gone live in India the company said. WhatsApp mentioned in its blog that it wants to make money transferring as easy as sending messages on the app.
Currently, Indian
Posted Date : 09-11-20
New Delhi: The Reserve bank of India on november 6, 2020 announced the rate of interest on the Floating Rate Bonds, 2024 applicable for the half year November 07, 2020 to May 06, 2021 shall be 3.36 percent per annum.
It may be recalled that the rate of interest on the FRB, 2024 sha
Posted Date : 09-11-20
New Delhi: Bank of India a Public sector lender on Friday posts a net profit of Rs 526 crore in the September quarter of FY21, up 97% year on year (YoY), owing to a 22% rise in other income on a year-on-year basis to Rs 1,613 crore. Profit growth was supported by net interest income (NII), which
Posted Date : 07-11-20
New Delhi: The Public sector banks have withdrawn its statement over charging their customers on depositing and withdrawaing cash due to Covid19 situation. The government of India mentioned this on Tuesday, the Ministry of Finance issued a "factual position".
I
Posted Date : 05-11-20
New Delhi: Some of the Private and Public undertaking banks including Bank of Baroda and Axis Bank will now charge from their customers on deposit and withdrawing money. As per reports, the Bank of Baroda will start charging its customers for transactions beyond the prescribed limits from Novembe
Posted Date : 02-11-20
Mumbai: The Reserve Bank of India has been asked to teh banks to take measures step to credit the "interest on interest" collected on loans of up to ?2 crore during the moratorium scheme by 5 November.
This above statement has been also stated to the Supreme Court of Indi
Posted Date : 02-11-20
New Delhi: The reserve bank of India has imposed the penalty of Rs. 1 crore on Indian payments bank, Jio payment bank for not following the guidelines of RBI.
The jio payment bank has faiLed to follow the RBI directions on timely submission of application in the case of
Posted Date : 31-10-20
New Delhi:The Reserve Bank of India is observing the Vigilance Awareness Week with the theme “Vigilant India, Prosperous India” from October 27 to November 02, 2020. Various events are being organised at Central Office and Regional Office levels. As a part of upholding the spirit of &
Posted Date : 30-10-20
Ranchi: The Central Bank of India inaugurates Vigilance Awareness Week in its regional office in Ranchi, following the special week every branch of the bank takes part equally.
On this occasion, staff members at Regional Office, Ranchi, and all branches of the region took the
Posted Date : 29-10-20
NEW DELHI: The Reserve Bank of India has asked Lakshmi Vilas Bank (LVB), which is in the midst of a merger process with Clix group, to reconsider the names proposed for the post of new MD & CEO, an official said on Tuesday.
RBI appointed a three-member Committee of Directors (C
Posted Date : 28-10-20
Mumbai: Union Bank of India is observing Vigilance Awareness Week from 27th October to 2nd November on the theme, "Vigilant India, Prosperous India" envisaged by the Central Vigilance Commission. Various programmes/webinars are scheduled by the Bank for creating awareness
Posted Date : 28-10-20
New Delhi: One of the oldest Private-sector lender CSB Bank (Catholic Syrian Bank) entered into the partnership with IIFL Finance, a non-banking finance company for sourcing and managing retail gold loan assets.
C.V.R. Rajendran, Managing Director & CEO of CSB Bank, while speak
Posted Date : 27-10-20
New Delhi: The biggest state lender, State Bank of India has raised Rs 5,000 Crores on Monday by issuing Basel-III compliant bonds. The directors of the committe approved to allot the cappital raising.
Bank Mentions that, the debentures qualifying as tier II capital of the ba
Posted Date : 27-10-20
Mumbai: Yesterday Shri Aditya Puri handed over the charge of MD and CEO to Shashidhar Jagdishan as the new managing director and chief executive of the biggest private lender. Aditya Puri stepped down at 5:30 yesterday from the HDFC's corporate headquater.
Adity
Posted Date : 27-10-20
The State Bank of India's senior executive said, Unsustainable debt is a symptom of fundamental issues in the business model of the company concerned.
Managing Director of Commercial Clients Groups at State Bank of India (SBI), Mr. Arijit Basu also said the Insolvency and
Posted Date : 26-10-20
Mumbai: There is a prospect that the Kotak Mahindra Bank is exploring a potential takeover the IndusInd Bank Ltd, accordingly. this deal will be a significant expansion in Kotak Mahindra’s retail banking sector.
There is a discussion happening between both the banks for
Posted Date : 26-10-20
Sri Lanka: ICICI Bank, an Indian multinational banking and financial services company on Saturday shuts its operations in sri lanka after getting approval from sri lanka monetary authority.
The ICICI mentions its regulatory filling that, The Monetary Board of the Central Bank
Posted Date : 26-10-20
New Delhi: The finance ministry on Saturday issued the guidelines and announced to surely implement the waiver of ‘interest on interest’ on loans of up to ?2 crore for the six-month moratorium. The Centre today approved the scheme for ‘grant of ex-gratia payment of difference be
Posted Date : 24-10-20
New Delhi: The Central Board of Reserve Bank of India (RBI) met on October 23, 2020) under the Chairmanship of Shri Shaktikanta Das, Governor through video conference. This was the 585th meeting of the Central Board.
The Board reviewed the current economic situation, continued glob
Posted Date : 24-10-20
Mumbai: India's Leading private lender HDFC Bank thanks their Managing Director and Chief Executive Officer Aditya Puri for giving the bank his precious 25 years. Shri Aditya Puri is set to retire on October 26. the senior management and staff of the bank mark his presence as a good leade
Posted Date : 24-10-20
Yes Bank the private lender reports its profit at Rs 129.4 crore for September ended quarter 2020. Earlier a year-ago the bank bore a loss of Rs 600 crore.
Under the guidance of Mr. Prashant Kumar, Managing Director and CEO of the bank the quarter ended June 2020 r
Posted Date : 23-10-20
New Delhi: State Bank of India, India's largest public-sector lender has changed its rules related to OTP-based cash withdrawal from ATMs. SBI already announced the extension of time for OTP-based cash withdrawal from ATMs in September. SBI mentioned that the customers can now make ATM wi
Posted Date : 23-10-20
Mumbai: The governor of Reserve Bank of India Shri Shaktikanta Das said India is “at the doorstep of the revival process” from the coronavirus pandemic, in response to a question at a panel discussion conducted by Bloomberg Quint on Wednesday.
Both fiscal and mone
Posted Date : 21-10-20
The Union Bank of India on Monday (October 19, 2020) launched an MSME Synergy campaign virtually through video conferencing. This festive campaign is specially launched to give the proper loan and services to the Micro, Small and Medium Enterprises (MSMEs).
The
Posted Date : 20-10-20
The Asian Development Bank (ADB) and the Government of India today signed a $177 million loan to upgrade 450 kilometers (km) of state highways and major district roads in the state of Maharashtra. The signatories to the Maharashtra State Road Improvement Project were Shri Sameer Kumar Khare,
Posted Date : 20-10-20
New Delhi: Bank of Baroda completes the technology integration with former Vijaya Bank’s branches. Currently, the bank has now enabled 21 million Vijaya Bank customers to have access to Bank of Baroda’s banking services.
Accenture is now helping align former Dena B
Posted Date : 19-10-20
Paytm an Indian e-commerce payment system and fintech company is planning to launch its co-branded cards. Paytm is in talks with the various banks to issue over two million new cards in the next 18 months, the company is pushing towards into the credit card issuance and management business.
&
Posted Date : 19-10-20
New Delhi: Under the RBI working paper series the Reserve Bank of India placed Working Paper titled “Bank Capital and Monetary Policy Transmission in India” on October 16, 2020. The paper is authored by Silu Muduli and Harendra Behera.
The paper examines the role of ban
Posted Date : 17-10-20
New Delhi: The Reserve bank of India has imposed the high penalty on the IndusInd Bank of Rs. 4.5 crores (Rupees Four crore and fifty lakhs only) on October 16, 2020 for non-compliance with certain provisions of directions issued by RBI on ‘Exposure Norms’, ‘Prudential Norms on
Posted Date : 17-10-20
New Delhi: The customers of the private and public sectors banks are facing a big issue in providing online services from past few days where everyone adapts the culture of digitization in this pandemic.
This issue is happening since the government puts pressure on several ba
Posted Date : 17-10-20
New Delhi: Shri Rajkiran Rai G, Managing Director and CEO of the Union bank of India has been elected as Chairman of the Indian Bank of Association for the term of 2020-2021 at the meeting held on October 16, 2020.
A press release mentions, “The managing committee of IBA at i
Posted Date : 17-10-20
New Delhi: The Board of private lender Lakshmi Vilas Bank approved to raise the funds up to Rs. 500 through the issuance of shares and allotment of equity shares or such other eligible securities.
The board considered and gives the approval with the right ways of issuing unde
Posted Date : 15-10-20
The Supreme Court on Wednesday ruled its decision to waive off the ‘interest on interest’ on loan. The SC also asked the central government to implement its decision on this matter at the earliest while hearing a batch of petitions seeking interest waiver during the Loan moratorium.
Posted Date : 14-10-20
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New Delhi: Central Electronics Limited (CEL) and Delhi Metro Rail Corporation (DMRC) joined hands and come together to do various developing changes and initiatives under the "Make In India&qu ...
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