Nabard Extends ₹20,500-cr Special Liquidity Facility To Co-op Banks, RRBs
Our BureauThe National Bank for Agriculture and Rural Development (Nabard), on Monday, said it has extended ₹20,500-cr... Read more
DoT Plans To Finalise Agency For 4G Spectrum Auction This Week
Wireless Planning Finance Wing finds four firms technically sound to conduct e-bids Read more
Kotak Bank Launches Video KYC For Opening 811 Savings Account
Our Bureau Kotak Mahindra Bank, on Monday, announced the introduction of video KYC to open a full-fledged Kotak 811 savi... Read more
IndiaFirst Life Insurance Says No News Yet On Stake Sale By Union Bank
SurabhiGearing up for a post-Covid world, IndiaFirst Life Insurance remains upbeat about the demand for insurance and sa... Read more
Blanket One-year Ban On Fresh Insolvency Under IBC: A Boon For Corporates, But Huge Burden For Banks
Unless the RBI offers dispensation on recognition of defaults or one-time restructuring, banks could face immense pressu... Read more
CII-IBA Financial Conditions Index Tanks On Bank, NBFC Pessimism
The CII-IBA Financial Conditions Index (FCI) for Q1 (April-June) FY 2020-21 recorded a steep drop to below 50 for the fi... Read more
IRDAI Extends Grace Period For Paying Life Insurance Policy Premiums Till May 31
The Insurance regulator Insurance Regulatory and Development Authority of India (IRDAI) has extended the grace period fo... Read more
Pepper Farmers Sell Stocks To Settle Gold Loans
A section of pepper farmers are seen liquidating their stock to ensure a cash flow following the directive from PSU bank... Read more
Atal Pension Yojana Turns 5; E-APY To Become Reality This Year, Says PFRDA Chief
With 2.23 crore customers, the pension scheme’s corpus stood at ₹11,000 crore as of March 31, 2020 Read more
Finance Minster's Meeting With Public Sector Bank Chiefs Deferred
The Finance Minister Nirmala Sitharaman’s meeting with chief executives (CEOs) of State-owned banks slated for this af... Read more
Rural Customers Will Bounce Back Faster: MFIs
Speakers at webinar favour extension of moratorium on loan payments Read more
Covid-19: Banks Look To Float AMC To Deal With Bad Loans
Fearing a spurt in bad loans due to the impact of the Covid-19 pandemic, banks are looking to revive a two-year old prop... Read more
Sindhuja Microcredit Raises $8.7 Million In Series B Round
Sindhuja Microcredit, a rural-focussed micro finance institution, has raised $8.7 million from Norway-based Nordic Micro... Read more
80% Of Older Consumers To Adopt Digital Payment In Next 6 Months: Study
Capgemini Research Institute has come up with a study on Covid-19 and the financial services consumer analysing on how t... Read more
BFIL Facilitates ₹100 Cr Of Transactions Through Rural Distribution Service Points
These service points, or Bharat Money Stores, have made banking services available to over 5,000 villages Read more