Page 937 - Finance News

RBI to withdraw temporary CRR hike from Dec 10 fortnight

Earlier, the RBI hiked the CRR to 100% to absorb the extra liquidity created after the country banned higher-value notes

RBI cuts growth forecast to 7.1%; sees short-term disruption

It sees the near-term risks in cash-intensive sectors and unorganised sector

India Post, SBI to help 'Mahila E-haat' expand operations

SBI will provide multiple payment options to simplify transactions, while India Post will help improve shipping

SBT to raise up to Rs 600 cr via Basel-III bonds

Being implemented in phases since April 1, 2013, Basel-III norms are likely to be fully in place in India by March 2019

RBI relaxes norms for online card transactions up to Rs 2,000

Welcoming the move, Uber India said it is a step in the right direction

PNB partners with Ola to deploy mobile ATMs

Through the extensive network of Ola cabs present across the state, we are able to bring these mobile ATMs closer to citizens, said Deep Singh

Demonetisation fallout: Bank unions threaten to agitate, plan strike against work pressure

While the govt and RBI say there has been some improvement in supply for currency notes in the system, the ground reality is different

RBI may cut rate by 25 basis points

Ten out of 12 experts polled say central bank will cut rate to cushion note ban blow; others say Fed rate hike might make it push the pause button

IDFC AMC launches Balanced Fund

The new fund offer will open on Dec 12 and close on Dec 26 and will reopen for continuous sale and repurchase from Jan 2

Accenture looks at pay-as-you-use to drive banks' business

Firm is working with entities specialising in digital payment and provide operation-as-a-service to small finance banks

Make e-payments if contract exceeds Rs 5,000: FinMin to Deptts

The government has been taking a slew of measures to promote digital transactions

Demonetisation: Branchless banking model takes off

By all accounts, there has been a sharp increase in population that is now directly banked

RBI may cut interest rate by 50 bps on Dec 7: HDFC CEO

Talking about the demonestisation drive of Rs 500 and Rs 1,000 bank notes that it would be difficult to gauge how much currency would be deposited by the end of Dec

Digital payments push: Single UPI platform in offing for banks

A single UPI platform is being developed for all banks as against the existing system of individual platform

How India's currency presses are printing notes 24x7

The currency presses are working overtime to produce an year's output in just 5 months

MSS bond ceiling hiked to Rs 6 lakh crore

Relief for banks as they can park surplus liquidity and earn interest

Demonetisation: 27 senior PSU banks officials suspended

Six other public sector banks have been transferred to check corrupt practices

Corporate credit slows further on note ban

Bank loans shrunk Rs 59,000 cr to Rs 735 lakh cr in the fortnight ended November 11

Want to go cashless? Beware: Your credit card can be hacked in 6 seconds

Research suggests that 'distributed guessing attack' circumvents all security features meant to tackle online fraud

Limit set for credit exposure for banks

New regime on loans to one party; to kick in by Apr 2019