The UK's largest government owned bank said it was moving the jobs, which help handle loans for small businesses, as part of an ongoing cost-cutting drive.
A study by the Kaspersky showed that 61 percent of cyber security incidents affecting online banking came with additional costs to the institution.
TCS BaNCS aims to expand to become a chief deliverer of core systems for banking, insurance and capitals markets industries worldwide
Three of the country’s major private sector banks – ICICI Bank, Axis Bank, and Yes Bank – have reportedly been asked by the Securities and Exchange Board of India to explain the reason behind the huge deviation in their bad loans compared to the RBI’s assessment.
The product, CreditVision, looks at the past credit behaviour of a consumer, predicts risks and helps banks to expand credit opportunities by studying his payment, exposure and spend behaviour.
The meeting will take stock of status of stressed assets and various measures taken to clean up balance sheets of the banks so that they can start lending.
The banking sector is set to witness its biggest clean-up exercise with the approval of an ordinance by President Pranab Mukherjee.
RBI can now direct and empower banks to initiate insolvency resolution proceedings.
Online recruitment activities registered a six percent growth in February and a four percent growth in March, primarily led by sectors such as telecom and internet service provider and banking, financial services and insurance, says a report.
Government is all set to launch Aadhaar Pay on April 14, a payment system which will enable people to carry out bank transactions just by using their thumb impressions.
The bank, at its Board Meeting, decided to raise Rs 5,500 crore through the issue of up to 6.2 crore equity shares. The fund-raising will lead to an equity dilution of up to 3.4 percent.
Unlike payment bank accounts, Kotak Mahindra Bank’s customers can use the 811 account to not only transact, but also avail loans and manage investments.
The Banking Gyansangam that has been a routine affair for the past two years has been deferred. Primarily because of rising non-performing assets (NPAs), the mergers which are on the cards and a lot of capital infusion that is pending for the banks.
Analysts' views on Kotak Mahindra Bank, IndusInd Bank, Divi's Laboratories as well as the media sector.
State-owned Bank of India has raised Rs 1,000 crore through issue of bonds compliant with globally accepted Basel III standards.
Harsha Upadhyaya of Kotak Mutual Fund is upbeat on the market and asserted that the fund house stayed invested in it despite DII selling. He believes earnings growth have improved and will continue the trend in March as well.
The finance ministry wants to discuss implementing a new framework called a "standing deposit facility" that would drain the surplus cash at a rate lower than the repo rate without the need for any collateral, the letter said.
As customers reduce their dependence on banks for their financial needs, fintech firms are spreading their focus to a wide range of products.
Uday Kotak is reportedly in discussions for selling over 3 percent stake in Kotak Mahindra Bank to CPDQ; stake could be valued at Rs 5,400 crore.
The recent rally has led to a run-up in valuations, and Mahesh Patil, Co-Chief Investment Officer at Birla Sun Life AMC told CNBC-TV18 he would prefer to not chase the market, but look to buy at better price points.
The microfinance institution, in an analysts call, said that around 4.5 percent of its loan portfolio faces a risk of turning bad in Q4.
An untoward outcome of the UP elections could hit market sentiment for a couple of days but the buoyant fund flows will limit decline, according to Pramod Gubbi, Head of Equities at Ambit Capital.
As well as the capital increase, Deutsche plans to retain subsidiary Postbank -- long slated to be sold off -- and partially float its Deutsche Asset Management unit.
The State Bank of India (SBI) merger with its five associate banks is likely to close the door to future job recruitments at the merged entity.