Page-4 of Topic: Bank
ICICI Bank launches instant overdraft ‘InstaOD’ facility for Micro, Small and Medium Enterprises (MSME)
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...RBI initiates PCA against Allahabad Bank over its high bad loans
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...IICA signs MoU with India Post Payments Bank to provide training on payment banking
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...RBI to make LEI compulsory for companies with over Rs 5 crore exposure
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...Canara bank launched two digital products: Bharat QR and Bharat Bill Payment System (BBPS) for online payments
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 launches its first digital banking branch “CANDI” in Bengaluru
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...SIDBI starts full-fledged merchant banking operations to help Micro, Small and Medium Enterprises (MSMEs)
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 acquires Snapdeal-owned mobile wallet FreeCharge
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...
RBI has introduced Incremental CRR
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...
Union Cabinet approved proposal to levy 60% deduction on accounted deposits
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...RBI proposes ‘Islamic Window’ in Banks
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...
