Banks

Bengaluru settled fintech startup Zeta has announced the appointment of Visa’s Murali Nair as the president of its banking business. Murali Nair, who holds 26 years of experience in payment and digital products business across India, and…

Five interest rate cuts since the start of the year hasn't stopped India's economy from slowing to its weakest growth rate since 2013, but the country's central bank is expected to make its sixth cut on Thursday to give what little relief it…

Depositors in failed and liquidated banks will get only up to Rs 1 lakh as insurance cover, regardless of the amount in their accounts, according to the Deposit Insurance and Credit Guarantee Corporation (DICGC), a wholly-owned subsidiary of…

The Bank of Japan kept its monetary policy steady on Thursday but introduced new forward guidance to more clearly signal the future chance of a rate cut, underscoring its concern over simmering overseas risks. As expected, the BOJ…

US tech giant, Apple Inc, faces another heat in Europe as the EU antitrust regulators have asked the online sales companies whether they have been told to use its mobile payment service instead of rival services. Quoting to the…

Finance Minister Nirmala Sitharaman has said that the Indian public sector banks had the "worst phase" under the combination of former Prime Minister Manmohan Singh and RBI Governor Raghuram Rajan. Delivering a lecture at the prestigious…

The World Bank on Sunday slashed its growth forecast for India's current fiscal year to 6 percent, down from 7.5 percent, warning that the "severe" slowdown could further weaken the country's stuttering financial sector. In its last…

India's crisis-hit shadow bank Dewan Housing Finance (DHFL) has submitted a draft resolution plan proposing to convert debt to equity while seeking to sell assets and raise more capital. DHFL, the country's fourth-biggest housing finance…

A Banglore-based technology service provider, Mindtree on Wednesday launched its new Blockchain-powered “Merchant On-Boarding” solutions for banks and payment service providers. In a statement issued by the company, the Mindtree, said: “It…

As a part, its strategy to cut its financial liabilities and focus on the domestic market, Tata Power on September 17 announced exit from its investment in Cennergi, a South African joint venture for USD 106 million. The company's…