Union Government has decided to set up a Bank Board Bureau (BBB) to monitor key performance indicators of two dozen public sector banks (PSBs). It was announced by...
India’s third largest private sector lender, Axis Bank has launched the first Contactless Debit, Credit and Multi-Currency Forex Card in association with VISA payWave in the country. Axis...
The Insurance Regulatory and Development Authority of India (IRDAI) has allowed banks to tie up with insurers. This decision was taken as part of the IRDAI’s new Bancassurance...
India’s largest private sector lender Industrial Credit and Investment Corporation of India (ICICI) Bank has launched ‘ICICI Bank Saral-Rural Housing Loan’ Scheme for weaker sections of society. The...
Union Government has launched Suraksha Bandhan drive in a Mission Mode through participating insurance companies and banks. The drive aims at taking forward Union Government’s objective of creating...
Reserve Bank of India (RBI) has taken decision to allow banks to merge, shift or close branches in urban areas on their own discretion. In this regard, RBI...
Lok Sabha has passed Negotiable Instruments (Amendment) Bill 2015 by a voice vote. The bill seeks to amend The Negotiable Instruments Act, 1881 in order to make cheque-bounce...
The American global payments technology solution firm Visa Inc to test its pilot app-based mobile payments service ‘mVisa’ in India. mVisa app enables users to transfer money and...
HSBC India’s chairman Naina Lal Kidwai announced to launch ’green bonds’ in India for raising funds for investments in environmental projects. Announcement was done by the HSBC chairman...
French global financial services group Banque Nationale de Paris (BNP) Paribas to acquire retail brokerage firm Sharekhan at about 2,000 crore rupees. BNP Paribas a key player in retail...
