Page 1123 - Finance News

ICICI Bank launches app for Android, Apple smartwatches

Users can download the 'iWear by ICICI Bank' and register themselves. Once registered, they can login to the app and carry out banking transactions

Kotak Mahindra proposal before FIPB on April 30

At present, foreign investors together hold 48.5% in it, pursuant to its merger with ING Vysya Bank

Upsurge forecast for futuristic transaction devices

CII, PwC report claims wearable payment solutions will become common soon as banks move from password-based devices to biometric ones

E-commerce biggies eye banking platform

An intense collaboration could mutually benefit banks and e-commerce companies

RBI may allow interoperability among biz correspondents: Deputy Gov Khan

That convergence will provide efficiency and optimisation, he said

Bankers peg credit growth at 14-16% in FY16

But action to gather steam only in 2nd half; infra & industrial activities yet to pick up pace

RBI may allow business correspondents of one bank to do payment services of another

The central bank is also focusing on mobile banking in a big way

IDBI looking at FPO to shore up capital base

The govt holds 76.5% equity in the bank, a tad over market regulator Sebi's minimum public holding norm of 75%

Kotak Bank allots 13.92 cr shares to ING Vysya's shareholders

The merger, which would create India's fourth largest private sector lender, has already received the approval of the RBI and competition commission and the rebranding process is underway

ICICI ties up with UAE bank for instant money transfers

The tie up with Emirates NBD enables customers to transfer funds to account holders of ICICI bank in India within a minute through the DirectRemit service

Kotak Bank seeks FIPB nod to hike foreign holding to 55%

At present, foreign investors, including FIIs, FPIs, and foreign banks, together hold 48.5% in Kotak Bank pursuant to its merger with ING Vysya Bank

Wearable payment solutions will see upsurge, says CII-PwC report

The report said that with the proliferation of mobile-based services and the reducing median price of smartphones, the payment industry is on an exponential growth trajectory

The monetary transmission puzzle

Bankers hold lack of policy consistency as key reason for not cutting rates and disputing RBI rationale on the matter

Unconventional monetary policies to have negative effect, says Jaitley

'E-commerce firms might be allowed to tie up with banks'

RBI is in the process of vetting the applications for payments bank, which will be awarded within the next few months

Licences of small, payments banks in a few months: RBI

The Reserve Bank has received 72 applications for small finance banks and 41 for payments banks

ICICI Bank launches Tap n Pay in arrangement with Tech Mahindra

Tap n Pay enables ICICI bank account holder to make over-the-counter payments without using cash

Banks turn to consumer loans to counter corporate slowdown

Are pushing credit cards and personal loans using blanket advertising, cold call campaigns

PSU banks to tie-up with insurers for social schemes by June 1

Insurers to offer Rs 2 lakh accident cover for a premium Rs 12 a year and life cover of Rs 2 lakh for an annual premium of Rs 330

General insurance sector growth 3-year low at 9.3% in FY15

Industry grew by 13% in FY 2014 to Rs 77,540 crore