The ICICI Bank has launched instant overdraft ‘InstaOD’ facility for Micro, Small and Medium Enterprises (MSME) in a completely online and paperless manner. Customers can get overdraft facility...
The Reserve Bank of India (RBI) has initiated Prompt Corrective Action (PCA) against public sector lender Allahabad Bank, owing to its high net Non-Performing Assets (NPAs) and negative...
The India Post Payments Bank (IPPB) has signed a Memorandum of Understanding (MoU) with Indian Institute of Corporate Affairs (IICA) to offer relevant training to the employees on...
The Reserve Bank of India (RBI) will soon make Legal Entity Identifier (LEI) compulsory for companies having aggregate fund-based and non-fund based exposure over Rs 5 crore. Before...
The Canara Bank has recently launched two digital products: ‘Bharat QR’, a platform for payment settlement at merchant locations, and Bharat Bill Payment System (BBPS) is an integrated...
The Canara Bank has launched its first digital banking branch “CANDI” at Spencer Towers in MG Road, Bengaluru to provide an end-to-end digital experience to customers. As a...
Recently, the Small Industries Development Bank of India (SIDBI) has started a full-fledged merchant banking operations to help Micro, Small and Medium Enterprises (MSMEs) utilise capital markets for...
Axis bank has acquired Snapdeal-owned mobile wallet FreeCharge in an all-cash deal worth Rs 385 crore to strengthen its position in the payments space. This acquisition is expected...
To absorb the surplus liquidity available in the banking system post demonetisation, the Reserve Bank of India (RBI) has mandated the banks to maintain incremental cash reserve ratio...
The Union Cabinet has approved a proposal to levy close to 60% deduction on unaccounted deposits in banks above a threshold by amending the Income Tax (I-T) Act. The move...
The Reserve Bank of India (RBI) has come up with a proposal for opening of ‘Islamic window’ in conventional banks for a gradual introduction of Sharia-compliant (interest-free) banking...
