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Carol Furtado is Officer on Special Duty at Ujjivan SFB

Will run daily operations from today, take over as interim CEO post-September 30

FM unveils EASE 4.0 for PSB’s tech transformation

PSBs have recorded phenomenal growth over four quarters since the launch of EASE 3.0 Reforms Agenda in February 2020

EASE 4.0 reforms agenda: PSBs to transform into ‘digital-attacker banks’

Banks have been asked to come up with specific schemes for North-East: Sitharaman

Tokenised card transactions: RBI extends scope of devices

This initiative is expected to make card transactions more safe, secure, and convenient for the users

Fund raise Canara Bank raises ₹2,500 crore through QIP issue

Canara Bank raises ₹2,500 crore through QIP issue

LIC and Indian Bank among QIBs allotted shares; big bull Rakesh Jhunjhunwala picks up 1.59% stake

Karnataka Bank launches KBL FASTag

Will facilitate users with ease and convenience during transit through toll plaza by saving time, fuel and money

Credit outreach programme Banks to start credit outreach programme later this year: Finance Minister

Banks to start credit outreach programme later this year: Finance Minister

To provide support to exporters, sunrise sectors, fintechs

‘Digital-attacker banks’ PSBs to transform into ‘digital-attacker banks’ under EASE 4.0 reforms agenda

PSBs to transform into ‘digital-attacker banks’ under EASE 4.0 reforms agenda

EASE 4.0 commits PSBs to tech-enabled, simplified and collaborative banking

Family pension for bank staff hiked to 30% of last pay

Move will take pension to ₹35,000/family; employer’s contribution also increased

FM asks banks to work with state govts to push ‘one district, one product’ agenda

She also urged banks to interact with export promotion agencies, chambers of commerce and industry to understand and address the requirement.

How Max Life wants to leverage AI/ML to improve customer experience

To ensure at least 70-75 per cent of the policies are auto underwritten in coming days, says COO Manu Lavanya

FDI in LIC India considers allowing foreign direct investment in Life Insurance Corp

To enable overseas investors to participate in the initial public offering

RBI approves re-appointment of Sandeep Bakhshi as MD and CEO of ICICI Bank

Move effective from October 15, 2021 till October 3, 2023

Shaktikanta Das interview Policy action for recovery has to be carefully calibrated: RBI chief

Ever since the pandemic began, we have endeavoured to nurture and revive the process of growth: Shaktikanta Das

‘ICICI Pru Life witnessing renewed interest in ULIPs on back of buoyant equity markets’

Also seeing increased demand for annuity products, says Chief Distribution Officer Palta

FM-PSB CEOs meet FM to meet CEOs of public sector banks on Wednesday

Meeting is expected to take stock of the banking sector and its progress on the restructuring 2.0 scheme announced by the RBI

BharatPe launches ‘12% Club’ app, eyes $50 mn lending AUM

The fintech company has partnered with RBI-approved NBFCs to offer this investment-cum-borrowing product for consumers

HC directs Kotak Mahindra Bank to ensure at least ₹1.80 crore balance in Afghan Embassy accounts

To cover an arbitral award in favour of a local construction company

Canara Bank allots over 16.73 cr shares in ₹2,500 cr QIP

Paid-up equity share capital increases to ₹1,814.13 crore

Centrum Financial Services to set up SFB to take over PMC

RBI had accorded ‘in-principle’ nod to CFSL in June to set up the bank

Co-op banks' merger RBI panel pushes for merger of weaker Urban Co-operative Banks

All-inclusive directions should be treated on a par with moratorium under Section 45 of the Banking Regulation, it says

RBI wants NAFCUB to expedite setting up of umbrella organisation to support urban co-operative banks

The National Federation of Urban Co-operative Banks and Credit Societies Ltd (NAFCUB) should expedite the process of setting up the Umbrella ...

HDFC Bank credit card HDFC Bank looks to regain credit card market share in 3-4 quarters

Lender plans to issue 3 lakh credit cards per month

Negative MPC statements 83% of RBI’s MPC statements had net negative sentiment : Study

Negative sentiment had dominated the statements of RBI’s Monetary Policy Committee (MPC) since its first meeting in October 2016 to the latest one in ...

Honda Cars ties up with Canara Bank to offer finance options to customers

Focuses on semi-urban to rural regions

Consumer lending platform EarlySalary crosses ₹4,000 crore of disbursals

EarlySalary is also betting big on the Buy Now Pay Later Segment and expects it to fuel about 35 per cent of its business by March

City Co-op to emulate PMC City Co-op Bank wants to emulate PMC Bank for reconstruction

Floats EoI to identify a suitable investor willing to take over management control.

Paytm-HDFC Bank tie-up Paytm and HDFC Bank enter into strategic partnership

To launch products across digital payments, lending and POS solutions besides driving financial inclusion

Institutions need separate deposit insurance cover: Sahakar Bharati

Wants DICGC scheme to be modified

Karnataka Bank plans to raise Rs 6,000 crore via debt

The equity shares are to be offered in one or more tranches

MPC minutes MPC Minutes: ‘Not for extended accommodative stance’

MPC member Varma says that possibility of Covid-19 haunting us for next 3-5 years can’t be ruled out

FEMA changes Govt notifies changes to FEMA

To ensure that private banks having insurance JV do not breach 74% FDI cap

Religare Finvest: Lenders likely to give the final approval for debt restructuring soon

Two rating agencies give ‘investment grade’ rating

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