Page 71 - Subrata Panda/workspace/business Standard Web/video

Have redoubled efforts to fix problem of tech outages: HDFC Bank CEO

Irked by repeated outages that the bank faced, RBI had barred it from issuing new credit cards last December and stopped it from going ahead with new digital launches

DHFL insolvency case: NCLT appoints panel to oversee resolution plan

The Mumbai bench of the NCLT approved Piramal Group's resolution plan for the beleaguered DHFL on June 7.

Centrum gets RBI's in-principle nod to take over PMC Bank via SFB route

Approval given in accordance with the offer made by Centrum to take over the beleaguered Punjab and Maharashtra Cooperative Bank

HDFC Bank to invest big on tech infra revamp after spate of outages

Lender is bringing new talent, getting into cloud-native stacks, shifting from traditional monolithic IT systems, and working with strategic partners for better products and services

HDFC Bank to refund GPS device commissions to auto loan customers

In a public notice, the bank said, the refund will be credited to the customer's repayment account as registered with the bank

Bombay High Court sets aside an arbitration award against BCCI

Four years later, BCCI terminated Deccan Chargers' agreement, saying the franchise failed to honour its payment obligations

HDFC Bank draws up groundwork to regain credit card market share

Will come back with a bang once RBI lifts freeze, says bank

HC sets aside arbitrator's award asking BCCI to pay Rs 4,800 cr to DCHL

Deccan Chronicle Holdings, the Hyderabad-based media company that acquired the franchise for $107 million in 2008, then approached the Bombay HC, seeking an order restraining BCCI from taking any step

HDFC Bank's mobile banking app faces outage; issue resolved in an hour

In the past too, the lender, on multiple occasions, has faced outages with regards to mobile banking, internet banking, and other platforms

Vedanta arm is paying almost nothing for Videocon group, says NCLT

Expresses surprise that Twin Star's bid was so close to liquidation value

Deregulation of rates for NBFC-MFIs may lead to expansion of market

The large NBFC-MFIs have not rationalised their lending rates, despite achieving economies of scale.

RBI proposes to lift interest rate cap on microfinance institutions

Proposes debt-income cap; common rules for all micro-loan lenders

Insurers receive 790,136 Covid-related claims in two months, shows data

As of June 11, more than 1.8 million claims have been reported to the insurers amounting to Rs 24,397.35 crore

SME will be fastest-growing segment over next 3-5 years: HDFC Bank CEO

On the client side, the bank is largely comfortable as 85 per cent of retail customers work with companies rated and above , where job losses have been low

PhonePe files complaint with Sebi against Ventureast Fund over OSLabs deal

PhonePe says Ventureeast sold shares to Affle in a side deal while engaging on the sale of same shares in favor of PhonePe

30-day overdues in microfinance loans may double to reach 14-16%: Crisil

Collection efficiency of MFIs likely to drop to 75-80% in May, from 90-95% in March, creating asset quality pressures

RBI hikes ATM interchange fee per transaction from Rs 15 to Rs 17

The increase comes after 9 years

Govt extends M R Kumar's term as LIC chairman till March 13, 2022

Kumar's term as LIC chairman was supposed to end on June 30, 2021, but the center has extended his term by almost nine more months till March 13, 2022.

Major concerns about crypto currencies conveyed to govt: RBI governor

This comes after RBI's circular earlier this week that clarified banks can no longer cite its circular on crypto for not offering such products to customers

Fund-rich banks unlikely to use RBI's special window of Rs 15,000 crore

The RBI has decided to set up a special liquidity window of Rs 15,000 crore for contact-intensive sectors