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Topics: Bank

Payment Council hails RBI’s Master Directions on Digital Payments Security Controls to promote payment security

The Payments Council of India (PCI), the largest industry body for digital payments ecosystem in India welcomed the Master Directions on Digital Payments Security...

IDFC First Bank board okays to raise Rs 3000 crore

Private sector financial institution, IDFC First Bank has said, "Its board has approved raising of up to Rs 3,000 crore through various modes." In a...

ICICI Bank invests over Rs 1 crore in Thillais Analytical

ICICI Bank on Tuesday said, "It has acquired 9.6 percent stake in Thillais Analytical Solutions Pvt Ltd." In a filing with the exchange, ICICI Bank...

Nitin Gadkari: Govt made Rs 100 crore by sharing vehicle data with private companies

Minister of Transportation and Highways in Central Government Nitin Gadkari has said, "The government has made Rs 100 crore by sharing vehicle details with...

Budget 2021: Reactions from the Finance & Banking sector

In a bid to boost the pandemic hit economy, through the multiple investment announcement in the financial and banking sector. Finance Minister Nirmala Sitharaman...

Budget 2021: Trade union of bank threatens to strike work

The Trade Union of Bank, All India Bank Employees Association (AIBEA), has threatened to strike work against the recent announced Budget's proposal for privatizing...

Budget 2021: FM Nirmala Sitharaman reveals plans for disinvestment, PSU privatization

Revealing the plan for disinvestment and privatization, Finance Minister Nirmala Sitharaman on Monday announced to divest two PSUs and one general insurance company. "All disinvestment,...

Yes Bank Board approves to raise Rs 10,000 crore

Leading private sector lender, Yes Bank on January 22 said, "Its board has approved to raise Rs 10,000 crore." In a filing with the exchange,...

Indian Bank to raise Rs 4,000 crore via share sales

Leading Public sector lender, Indian Bank has said, "The board has approved a proposal to raise Rs 4,000 crore through a share sale." In a...

UBS offloads 39.50 lakh shares of IndusInd Bank

The UBS Principal Capital Asia has sold 39.50 lakh shares of IndusInd Bank Ltd on the open market. According to the data available on the...

“This budget should draw out bold policy interventions to strengthen digital infrastructure” says Mandar Agashe, MD of Sarvatra Technologies

Speaking on the forthcoming budget 2021, Mandar Agashe, Founder and MD of Sarvatra Technologies said, "With the world's largest immunization drive already underway, economic...

GrayQuest ties up with SBM Bank to boost access to quality education

India based education fintech company GrayQuest has announced its partnership with SBM Bank to facilitate access to affordable funds for clients. "Through the partnership, SBM...

Paytm Bank partners with Suryoday Small Finance Bank for Fixed deposit service

Digital Banker, Paytm Payment Bank has announced its partnership with Suryoday Small Finance Bank to facilitate fixed deposit services for its account holders. "With this...

Centre increases authorized capital of Punjab and Sind Bank to Rs 10,000 crore

The Punjab and Sind bank on Wednesday said, "The Central Government has raised its authorized capital to Rs 10,000 crore. In a filing with the...

Vishwavir Ahuja re-appointed as RBL Bank’s MD & CEO

RBL Bank has announced the re-appointment of Vishwavir Ahuja as Managing Director and Chief Executive Officer of the bank. In a filing with the exchange,...

Bank of Baroda inks deal with Kwik ID for video KYC solutions

Leading public sector lender, Bank of Baroda on Thursday announced their move into the much-hyped Video customer onboarding space with leading Video KYC platform,...

Reserve Bank ducks Vasantdada Nagari Sahakari Bank license

The Reserve Bank of India (RBI) has canceled the license of Osmanabad, Maharashtra based Vasantdada Nagari Sahakari Bank Limited. Reserve Bank in its statement said,...

ICICI Bank launches ‘Infinite India’ initiative for foreign business in India

ICICI Bank has announced the launch of 'Infinite India,' an online platform for foreign companies who are looking to establish or expand business in...

Snapdeal partners with NPCI for QR based digital payments

Value-focused e-commerce giant, Snapdeal has announced its partnership with National Payments Corporation of India (NPCI) to allow buyers to make QR-based digital payments at...

TReDS platform M1xchange secures $4.5 mn from BEENEXT and Mayfield

Reserve Bank (RBI) approved TReDS platform, M1xchange has raised $4.5 million in equity round funding from Singapore based BENEEXT Asia, and Mayfield. "The company will...

Beyond 2020 – The FinTech story

In the wake of the deadly Coronavirus outbreak, the world witnessed unprecedented changes that restricted the functioning of several sectors. Not knowing how long the...

Shriram City Union Finance to raise Rs 200 crore through bonds

Shriram City Union Finance on Monday announced to raise Rs 200 crore through the issuance of bonds on a private placement basis. In a filing...

Thackeray Govt allots Rs 2,211 crore for farmers relief

The Uddhav Thackeray led Maharashtra Government during the one day of two days winter session in Mumbai said, "The Government has allotted Rs 2,211...

Bank of Maharashtra secures Rs 200 crore via bonds

Bank of Maharashtra on Monday said, "It has raised Rs 200.70 crore through private placement of Basel III compliant tier II bonds." In a filing...

ICICI Securities launches zero-brokerage plan for customers

India based stock trading platform, ICICI Securities has announced the launch of 'ICICIDirect Neo' – a zero brokerage plan for customers. "This is a one-of-its-kind...

Report: Most shops in Germany to remain close from 16 December

In an effort to control the further spread of coronavirus in the country, Germany is reportedly planning to close most of the shops from...

RBI promotes R Subramanian, Rohit Jain & RS Ratho as Executive Directors

The Reserve Bank Of India (RBI) has promoted three of its Chief General Managers (CGMs), R Subramanian, Rohit Jain, RS Ratho as its Executive...

DBS Bank India partners with Haqdarshak to help MSME sector recover

DBS Bank India has joined hands with social enterprise Haqdarshak to enable the recovery of Indian businesses through its newly launched platform, which offers...

Adaptive Multi-factor Authentication (MFA) in BFSI

A few months back (just after the Covid pandemic had started) an important change was implemented by a popular retail US Bank, Bank of...

The Data Protection Law to Safeguard Privacy and Promote Inclusive Growth

The data privacy code of practice is finally making headway in India. Globally, 107 countries have introduced some form of legislation for data privacy...

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