Page 449 - Finance News

2 top Bharat Financial execs can't be relieved till review ends: IndusInd

IndusInd arm says cannot let its two execs join Spandana when the review is ongoing

Microfinance sector sees 3x rise in disbursement value in Q1: Report

However, 1-179 days past due delinquency increased in June 2021 to 31.44%, from 13.59% in March 2021

ICICI Bank aims to grow Exim Trade transaction market share as exports rise

ICICI Bank has improved its market share in Exim trade transactions this fiscal and aims to grow it further as the exports from the country rise, a senior official said

Citigroup to make 100 roles focused on digital assets including blockchain

Citigroup is looking to create 100 roles focused on digital assets including blockchain and digital currencies at its institutional division, the U.S. bank said on Tuesday.

Equitas Small Finance Bank partners with HDFC Bank to launch credit cards

The credit card can be availed in two categories

Paytm Payments Bank launches prepaid card linked with Paytm wallet

Paytm Transit card also enables the withdrawal of money from ATMs

RBI floats draft scheme for amalgamation of PMC Bank, Unity SFB

In September 2019, the RBI had superseded the board of PMC Bank and placed it under regulatory restrictions

After big-ticket recoveries, SBI turns to MSME and retail borrowers

According to SBI, at least 30-40 per cent of people pay following a call

With Rs 7,000 cr stuck, over 20k PMC Bank depositors play waiting game

The amount stuck is Rs 7,126 crore, which is 60 per cent of the total Rs 11,800-crore in deposits

Spandana Sphoorty names Bharat Financial Inclusion's Shalabh Saxena MD-CEO

This comes after the exit of Padmaja Reddy as the CEO, who was also the founder of the company

Co-operative societies can't use 'bank' in their names, says RBI

The RBI on Monday cautioned the public against co-operative societies using 'bank' in their names as well as accepting deposits from people who are not their members.

SBI lists $650-mn green bonds on India INX, Luxembourg Stock Exchange

State Bank of India listed its USD 650-million green bonds simultaneously on the India International Exchange and the Luxembourg Stock Exchange

Bank officers' body to hold protest against govt's privatisation plan

All India Bank Officers Confederation (AIBOC) on Monday said it will hold a protest programme against the government's move to privatise public sector banks (PSBs) in Delhi later this month

RBI issues draft scheme for PMC Bank's takeover by Unity Small Finance Bank

USFB, promoted by Centrum Financial Services along with Resilient Innovation Pvt Ltd as 'joint investor', was granted banking licence in October 2021

RBI panel recommendations will promote growth of digi-lending: Industry

The recommendations made by the RBI working group on digital lending, including lending through online platforms and mobile apps, will promote orderly growth of sector, industry players said.

Bad-loan market may see a flurry of activity after lull of past few years

The bad loan market may get a boost from the fact that Centre may not indulge state-run banks anymore by recapitalising them as in the past

SBI, NPCI, NSE likely promoters of 'open' e-platform for retailers

Network aims to curb digital monopolies

Why India needs to adopt crypto

A progressive regulatory framework will create a prosperous crypto ecosystem and expand financial inclusion in the country in a secure, simple, and transparent manner

Underlying digital payments infra must meet upcoming rise: Google Pay exec

Points to the surge the number of UPI transactions, which are nearly doubling each year

SBI yet to refund Rs 164 cr undue fee charged from Jan Dhan a/c holders

SBI is yet to return Rs 164 crore of undue fee charged from the account holders of Pradhan Mantri Jan Dhan Yojana (PMJDY) towards digital payments during April 2017 and December 2019, a report said.