Page 851 - Finance News

Tech firms like Apple, Amazon biggest threat to traditional banks: Study

91% respondents in India expressed their willingness to run their finances through major tech firms rather than banks

ESAF Small Finance Bank to starts operation in Mumbai

The micro lender plans to open 145 new banking outlets by March next year, half of which would be in Kerala

SBI biggest bank in terms of volume of SMSes: Report

When it comes to Delhi, the top five banks are the same but their percentages are quite different

YES Bank raises $400 mn loans from Japan, Taiwan

YES Bank exercised a greenshoe option to raise $250 million in a five-year commercial loan from 17 Taiwanese banks

One year of MPC: Monetary panel has task cut out, says Michael Patra

The revival of private investment holds the key for growth, says Michael Patra

Bonds jump most in a year after RBI cancels OMO debt sale

India's govt bonds have slumped since August due to a potential end to monetary easing, concern about rising supply and possible fiscal slippage

Country's digital advertisement spend may hit Rs 13,000 cr by 2018: Survey

The digital advertising spend was estimated to be around Rs 7,500 crore at the end of 2016

IRP nod must for recovering money from defaulter's bank account: NCLAT

Issue was raised in a hearing related to Indian Overseas Bank's plea against Amtek Auto

FinMin asks banks to prevent defaulters from buying stressed assets

NPAs of public sector banks increased to Rs 7.33 lakh cr by June 2017

Banks allowed to hire machines, staffers for Aadhaar enrolment

Move expected to speed up the opening of Aadhaar enrolment and updation centres at bank premises

Demonetisation impact: 'Card transactions soar 84% in Sept to Rs 74,090 cr'

The transaction volume at all POSes clipped higher by 86% to 378 mn in September this year over the same period last year when it stood at 203 mn, European payment solutions provider Worldline said

Bank e-wallets may die early death: Tie-ups with niche players more viable

Given the expertise, focus and core competency of mobile wallet players like Paytm and Mobikwik, it makes more sense for banks to partner such players than building or pushing own e-wallet apps

Bitcoin investments new attraction for Indians, say experts

Supreme Court bench headed by Chief Justice Dipak Misra recently sent notices to concerned authorities asking to frame an effective mechanism for flow of bitcoin

Small finance banks look to tap Odisha market for growth

Entities with a small finance bank licence can provide basic banking services of accepting deposits and lending

Reliance General Insurance enters into bancassurance pact with YES Bank

YES Bank is pleased to partner Reliance General Insurance to offer a bouquet of insurance products to customers: CEO

Govt sets Rs 10,000 min balance in bank accounts as rural poverty measure

The more number of families with a minimum Rs 10,000 in their accounts, the better a panchayat's chance of being on the positive list of the poverty index

HDFC Life shares buck trend, soar on debut after $1.3 bn IPO

HDFC Life's rival SBI Life has also shed 6.4 percent since its listing last month after a $1.3 billion IPO

Moody's upgrade will make foreign funds cheaper: SBI Chief Rajnish Kumar

Rajnish Kumar also expects the rating of SBI to go up reflecting the higher sovereign ratings.

SBI, HDFC Bank, EXIM Bank and IRFC also get Moody's rating upgrades

Moody's has also changed the ratings outlook to 'stable' from 'positive' for the four banks and some of their branches abroad

United Bank of India plans to raise Rs 500 cr via Basel III compliant bonds

Banks globally have to comply with the Basel III norms so as to improve and strengthen their capital planning processes