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Karix Mobile deploys WhatsApp Business solution for Axis Bank

Using the solution, Axis Bank customers can now start a WhatsApp chat with the bank to conduct frequent banking activities

Data Focus Despite the turmoil, DHFL buy is an opportunity for Piramal Group

Despite the turmoil, DHFL buy is an opportunity for Piramal Group

The main attraction of DHFL for the Piramal Group is the scale of its operations and branch network

Religare relief Religare Enterprises to infuse ₹411-crore capital into NBFC arm Religare Finvest

Religare Enterprises to infuse ₹411-crore capital into NBFC arm Religare Finvest

Remaining ₹160 crore of recent fund raise of ₹570 crore to be invested in Housing Finance and broking subsidiaries, says Rashmi Saluja

Insurance Health insurers may not go in for premium hike

Health insurers may not go in for premium hike

‘IRDAI not in favour of such a move; the focus now is to clear claims’

Reliance Home Finance debt resolution: Voting likely to be completed by June 15

The selection of the winning bidder will be from final and binding bids.

LIC LIC Chairman’s tenure extended to March 2022

LIC Chairman’s tenure extended to March 2022

Extension comes when LIC is gearing up for its mega IPO this fiscal

LIC Chairman’s term extended to March 13, 2022

M.R. Kumar’s term was to end on June 30, 2021

As Covid 2.0 wanes, As Covid 2.0 wanes, equity MFs net ₹10,000 cr in May

As Covid 2.0 wanes, equity MFs net ₹10,000 cr in May

Dip in redemptions suggests rising investor confidence

Max Life eyes VNB growth of 26 per cent in FY21-22

Additional ₹ 500 crore Covid provision made to cushion any second wave impact, says MD & CEO Tripathy

Crypto currency Leading crypto exchanges scout entry into India despite potential ban

Kraken, Bitfinex and KuCoin eyeing India, say industry sources

Digital payments SBI union, others urge RBI to scrap digital payments plan

They fear involvement of big multi-national companies could compromise data safety

RBI approves re-appointment of GC Chaturvedi as part-time chairman of ICICI Bank

Reappointment was earlier approved by shareholders

Bankruptcy Banks face ₹42,000-cr haircut as NCLT clears Vedanta firm’s ₹2,900-crore bid for Videocon

Anil Agarwal-backed company offers to pay ₹2,900 crore to lenders

63 Moons to challenge NCLT nod to Piramal’s DHFL buy

Says resolution plan contrary to law, against interest of DHFL’s creditors

RBI Dy Governor Mahesh Jain gets two-year extension

His three-year term is due to get completed on June 21.

Canara Bank donates 50 oxygen concentrators

Donates ₹1 crore to the Chief Minister’s Relief Fund to help Covid-19 patients.

Saraswat Bank to offer education loans for open and distance learning

The loan will also cover abroad courses

DeMo demons Continue preserving demonetisation period CCTV footage at branches and currency chests: RBI to banks

Move keeps in view pending investigations and court proceedings

GST violation Bank accounts can’t be attached at the cost of Right to Business: Madras HC

DGGI files case against Chennai-based firm following allegation that it had fraudulently availed input tax credit

SVC Co-operative Bank net up 6 per cent at ₹150 cr in FY’21

The Board of directors of the co-operative bank recommends a dividend of 12 per cent for the year

20 lakh customers of other banks log in to ICICI Bank mobile app

Pay to contact, bill payments and scan to pay features are great draws

Kudva to move SAT against SEBI order

Head of Franklin Templeton Asia Pacific was ordered to pay a penalty of ₹7 crore

Franklin Templeton to move SAT against SEBI order

Asia-Pacific chief Vivek Kudva may follow suit; claims setting aside redemption proceeds even before SEBI ruling

Banks offer higher rates on FDs to encourage Covid-19 vaccination

Scheme announced for a limited period till September 30 this year

G-Secs RBI buys 70% of 10-year G-Sec to keep yields in check

The current outstanding in the 10-year benchmark G-Sec is ₹1.05-lakh crore

UCO Bank NPA UCO Bank likely to rejig loans worth ₹1,000 crore

2,314 retail, MSME accounts restructured under Resolution 2.0

RBI imposes monetary penalty on two banks

BoI asked to pay ₹4 cr and PNB ₹2 cr

Central Bank posts ₹1,349-crore loss in Q4

The bank’s net loss in the reporting quarter, however, was lower that the year ago period’s net loss of ₹1,529 crore

Union Bank reports 83% QoQ jump in net profit

Bottomline gets a boost from write-back in standard assets provision and other income

China banks are flush with dollars, and that’s a worry

Traders say it poses risk to official efforts to control a fast-rising yuan

More clarity needed to crack the crypto code

Despite robust investor interest, experts point out that its speculative nature and volatility in prices cannot be wished away

Cashfree raises funds from SBI

Cashfree processes online transactions worth $20 billion annually

NCLT clears Piramal’s resolution plan for DHFL

Asks the Committee of Creditors to examine giving more money to small fixed deposit holders

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