banking
Digital ecosystem in India still weak: Expert
Stressing the need for urgent regulatory attention, Bhoi said that risks are hidden in a highly digitalised world
Bank employee unions demand 5-day working week, says COVID threat is haunting bankers
The Indian Banks' Association in January rejected the proposal for a five-day working week but offered a 19 percent pay hike to employees
RBI imposes Rs 4 crore penalty on Citibank
According to the RBI, this action is based on deficiencies in regulatory compliance
RBI may extend moratorium on repayment of loans for three more months, says report
In March, RBI had allowed a three-month moratorium on payment of all term loans due between 1 March, 2020 and 31 May, 2020
Kotak Mahindra Bank Q4 profit down 4% due to Covid19 related provisions
During the quarter, standalone profit also came down by 10% to Rs 1,267 crore as compared to Rs 1,408 crore in the same period a year ago
Banks get on social media to brighten up the lockdown with customer engagement activities
HDFC started The Art Project to give customers a #BreakFromBoredom while PNB started a Mother's Day contest
Google ties up with Gates Foundation on digital payments for the unbanked, rivaling Facebook Libra
The open source software, Mojaloop, first established by Gates Foundation in 2017, is being tweaked for use by disadvantaged communities.
RBI may extend bank loan moratorium by another 3 months amid lockdown
RBI allowed banks and financial institutions to offer a moratorium of three months on payment of instalments of all term loans
Vijay Mallya files appeal in UK Supreme Court against extradition order to India
The dismissal of the High Court appeal last month marked a major turning point for the CBI and ED case against the businessman
RBI reviews measures to ease financial stress
The governor appreciated the efforts of banks in ensuring normal to near normal operations during the lockdown period