IL&FS Board Charges Former Directors Of Money Laundering
IL&FS Group, which operates at least 24 direct subsidiaries, 135 indirect subsidiaries, six joint ventures and four ... Read more
SBI, Hitachi Arm To Roll Out Digital Payments Platform
The joint venture will facilitate expansion of the digital payments landscape in India via its digital payments platfor... Read more
The Right Swipe: At 25%, Credit Card Business Sees Robust Growth In 2018
There has been a significant increase in the number of credit cards issued by banks in the last one year. According to d... Read more
To Prevent Frauds, Banks Plan To Appoint Agencies To Monitor Large-value Accounts
Under IBA aegis, banks set up a committee of senior bankers to shortlist the agencies Read more
Kerala Extends Moratorium On Farm-loan Repayment Till December
The State cabinet on Tuesday announced a number of steps including extending the moratorium on loan recovery till Decemb... Read more
World Bank To Provide $250 Mn To Boost Rural Income
The $250 million loan has a five-year grace period, and a final maturity of 20 years Read more
Bank Of Baroda Slashes Lending Rate By 10 Basis Points
Banks have been lagging in passing on the RBI rate cuts to end-borrowers, citing higher credit cost due to the massive N... Read more
Reliance AIF To Launch Its First Commodity-focused Fund
Plans to mop up ₹ 700 cr investment Read more
DBS Bank Launches First Branch In Ahmedabad
DBS Bank on Tuesday inaugurated its first branch in Ahmedabad with a focus on catering to the needs of Small and Medium-... Read more
RBI Imposes ₹1-crore Fine On Yes Bank For Non-compliance In Swift Operations
Private sector lender Yes Bank on Tuesday said the Reserve Bank of India has slapped a fine of ₹ 1 crore on the bank f... Read more
IBBI Suggests Ground Rules For Resolution Professsionals, Committee Of Creditors
This charter, which is not mandatory, has been prepared in consultation with the three insolvency professional agencies Read more
Banks See Upsurge In Rural Credit Growth
Loans to finance agricultural and allied activities drive rural lending Read more
A Smooth Sailing For Ayushman Bharat Scheme In TN
Back-end system, processes under the State’s earlier health scheme, makes integration easy, but tackling cases from ot... Read more
With $22 B Gone, Indias NBFCs To Face Darker Days
As key engines of loan growth in the world’s fastest-expanding major economy, they once were investor favourites. But ... Read more
Corp Bank, Allahabad Bank, Dhanlaxmi Bank Out Of PCA
The Reserve Bank of India seems inclined to bring more banks out of its restrictive prompt corrective action (PCA) frame... Read more