He said the three-month moratorium offered for loan repayments announced by Reserve Bank of India is "not enough"
20 May 2020 12:41 PM
The budget allowed the Deposit Insurance and Credit Guarantee Corporation to raise deposit insurance coverage to Rs 5 lakh from Rs 1 lakh.
07 Feb 2020 11:11 AM
Customers can make purchases at any of the TWID’s partner brands with their Reward Pool, Ola Money wallet in a single click checkout.
29 Nov 2019 6:08 PM
This first-of-its-kind solution aims to revolutionise banking thereby curbing frauds and enhancing digital customer experience.
29 Nov 2019 4:16 PM
DHFL’s creditors include mutual funds, pension funds, insurance firms and a wide array of retail investors.
07 Nov 2019 1:30 PM
Icra expects year-on-year credit growth to decline to 6.2-6.8 per cent in FY20 from 13.5 per cent in the last financial year.
04 Nov 2019 3:35 PM
Banks may not be able to garner all the goods for themselves, as the non-bank players become more active in the segment.
31 Oct 2019 5:21 PM
I have very clearly underlined the fact that there shall not be one employee removed, said Finance Minister Nirmala Sitharaman.
01 Sep 2019 4:55 PM
The government on Friday unveiled a mega plan to merge 10 public sector banks into four as part of plans.
31 Aug 2019 2:14 PM
The RBI has reiterated the instructions with a view to provide for cash withdrawals at PoS by card-holders.
30 Aug 2019 10:20 AM
Participating banks suggested that government should simplify GST framework and lower GST rates to enhance tax compliance.
13 Aug 2019 6:35 PM
Banks reduced their weighted average lending rates on fresh rupee loans by 0.29 pc amid the current easing stage so far.
08 Aug 2019 12:43 PM
Banks, on an average, report fraud loss of Rs 35,000 crore every year.
05 Jul 2019 9:39 AM
RIL has been inquired by the ministry to provide details of funding, operations and revenues.
25 Jun 2019 1:35 PM
The RBI also plans to introduce a dedicated Interactive Voice Response (IVR) system for tracking the status of complaints.
24 Jun 2019 8:37 PM
Earlier this month, 12 officers of Indian Revenue Service (Income Tax) were also dismissed from service.
21 Jun 2019 2:58 PM
60 percent of Asia Pacific (APAC) banks surveyed either have no digital onboarding process for new customers.
07 Jun 2019 3:09 PM
The reduction in interest rate will help boost credit growth, helping arrest the slowdown in the economy
06 Jun 2019 2:02 PM
Finacle FinTech Connect is an ecosystem innovation initiative that brings together banks, FinTechs, and Finacle.
08 May 2019 12:03 PM
Bankers and an Indian govt official said lenders are trying to line up funds to keep aloft the once-dominant Indian airline.
17 Apr 2019 9:53 AM