Topics: Banking

SUGAR Cosmetics secures $2 million in debt round funding from Stride Ventures

Leading cosmetics brand, SUGAR cosmetics has raised $2 million in debt round funding from Stride Ventures. Led by Stride Ventures, the fund has also partnered...

IDBI Bank launches WhatsApp banking services for its customers

India based private sector bank, IDBI bank on Friday announced the launch of its 24x7 WhatsApp banking services for its customers. The bank in its...

KwiK.ID completes 1,00,000 video based KYC sessions in six month

India's leading AI-enabled video KYC solution provider, KwiK.ID on Thursday said, "It has crossed over 1,00,000 successful video KYC sessions since February 2020, with...

ICICI Bank customers can now open FD, Pay bills, and access details of trade finance on WhatsApp

India's leading private sector bank, ICICI Bank has today announced the launch of its new services, that enables its customers to create a fixed...

Interview: “As like cricketers, Startups is born in every gali of India,” Says Devansh Lakhani, Director of Lakhani Financial Services

In an interview with TechGraph, Devansh Lakhani - Director of Lakhani Financial Services said, "What I can tell you from working with multiple startups...

Canara Bank to raise Rs 2,000 crore through QIP

India based public sector bank, Canara Bank has announced its plan to raise Rs 2,000 crore through Qualified Institutional Placement (QIP). In a filing with...

ICICI Bank launches iStartup2.0 program for startups

ICICI Bank has announced the launch of the 'iStartup2.0' program for Indian startups that take care of their banking as well as beyond banking...

Geojit launches WhatsApp channel to simplify the stock trading experience for its clients

Geojit Financial Services Ltd., has announced the launch of a one-of-its-kind WhatsApp Channel for its clients which will offer the convenience of stock trading...

Interview: U GRO Capital MD Shachindra Nath says, “GDP of -23.9% should be looked at objectively and precise steps to be taken to create...

In an interview with TechGraph, Shachindra Nath – Executive Chairman and Managing Director of U GRO Capital, said: “Negative growth of 23.9% of GDP...

ICICI Bank to use satellite data for credit assessment of farmers

India leading private bank, ICICI Bank on Tuesday said, "It will use satellite data - imagery from Earth observation satellites, to access credit-worthiness of...

Indian Bank cuts interest rates on gold loans for Farmers

India leading public sector lender, Indian Bank has said, "With effect from July 22, 2020, Agricultural Jewel Loans are sanctioned at 7 percent fixed....

LIC Managing Director T C Suseel Kumar joins Axis Bank board

Private lender Axis Bank on Monday said, "The bank has appointed Managing Director of Life Insurance Corporation of India (LIC), T C Suseel Kumar...

Paytm Payouts transfers Rs 1,500 crores

India-based e-wallet company, PayTM said, "Its Paytm Payouts has transferred over Rs 1,500 crore in salaries and other benefits for medium and large enterprises." Launched...

NPCI: Transactions through Google Pay are protected by law

National Payments Corporation of India (NCPI) on Thursday said, "As Google Pay is classified as third-party app provider (TPAP), the transaction made through it...

Crosses rally on robust PMIs

Euro and Sterling rallied yesterday as France, Germany and UK manufacturing PMIs came in better than expected. Onshore, the USDINR spot moved lower yesterday to...

ICICI Bank divested 1.50% shares of ICICI Prudential Life Insurance

In a bid to strengthen the balance sheet as the opportunities arise, the ICICI Bank on Monday said, "It has divested 21,500,000 equity shares...

Market Analysis: Focus will be on the Bank of England MPC meeting

Levels across currencies are pretty much unchanged overnight. Focus today will be on the Bank of England policy. While it is expected to leave...

IDFC First Bank launches video-based KYC facility for customers to open new savings accounts

India-based private bank IDFC First Bank has introduced its video-based KYC facility so that customers can open new savings accounts without the need to...

“Not offering any emergency loans through YONO Platforms,” says SBI

State Bank of India has clarified that it is not offering any kind of emergency loans through its YONO platform. The clarification on the loan...

Market Analysis by Abhishek Goenka: Why is rupee not depreciating till now despite USD strength?

The Rupee has been one of the better-performing currencies amid the extreme panic and turmoil we have witnessed in global markets. On previous occasions...

Market Analysis by Abhishek Goenka, “Fed obliges the president; cuts rates to zero”

Just three days before the policy, the US Fed has cut overnight Federal funds rate by 1% to 0-0.25% range. It has also announced USD...

#YESBankCrisis: Cabinet approves reconstruction scheme for Yes Bank

Union Finance Minister Nirmala Sitharaman on March 13 said that the Cabinet has approved the Reserve Bank of India's (RBI) reconstruction scheme for Yes...

What is Expression of Interest that strategic financial buyer uses for buying tender

EOI or Expression of Interest is an application that a strategic financial buyer uses for buying a tender. The investment bankers are usually requested...

RBI approves shareholding dilution plan of Kotak Mahindra Bank’s promoters

The Reserve Bank of India on Tuesday approved the shareholding dilution plan of Kotak Mahindra Bank's promoter. In a filing with the stock exchange, the...

Maveric Systems appoints Ramesh Vasamsetti as Director of Quality Engineering Business

Chennai-based global banking technology solution provider Maveric Systems on Monday announced that "it has appointed Vasametti as its new director of Quality Engineering (QE)...

Flipkart Co-founder Sachin Bansal resigns from Ujjivan Small Finance Bank board

Citing to the conflict of interest, Flipkart ex-CEO and Co-founder Sachin Bansal has announced that, “It has resigned as an independent director of Ujjivan...

RBI is purchasing dollars through state-run banks

Reserve Bank of India, also known as (RBI) is buying dollars in the market through state-run banks. Four traders, familiar with the update, said, "It...

Finance Minister Nirmala Sitharaman introduces "Insolvency and Bankruptcy code" bill in Lok Sabha

Finance Minister Nirmala Sitharaman on Thursday introduced a bill in the Lok Sabha to amend the Insolvency and Bankruptcy Code. The Insolvency and Bankruptcy...

"India's economy to be at 4.3% in Q4 2019", says Nomura

India's economy is expected to grow at 4.3 percent in December quarter this year amid concerns over crisis in the NBFC sector, according to...

Zeta appoints Visa’s executive Murali Nair as President of its banking business

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...

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