BUSINESS
Nidhu Saxena appointed MD & CEO of Bank of Maharashtra
Saxena is currently Executive Director of Union Bank of India, he will be replacing AS Rajeev
BUSINESS
MPC Poll: RBI to leave key interest rates unchanged at April monetary policy, say economists, bankers
The six-member Monetary Policy Committee of the RBI will meet from April 3 to 5 to decide on interest rates.
BUSINESS
IPL 2024: Banks, financial service companies pad up to partner teams in brand-building exercise
Recently, NPCI's RuPay renewed partnership for the next three years with IPL. Some partners have dropped out, while new ones have entered partnerships with various teams. These firmsare hoping to cash in on the domestic and international fan following of the teams
BUSINESS
Utkarsh Small Finance Bank to start offering secured credit cards in April 1st week: MD Govind Singh
Singh further added that the bank is focusing more on the QR code type of banking and they are getting good traction on that and especially.
BUSINESS
Paytm says app, merchant operations to work uninterrupted, looking at tie-ups for financial services
Paytm is expanding its financial services distribution platform in partnership with leading institutions, the company has said
BUSINESS
RBI received 6.5 per branch complaints against RBL bank; tops amongst SCBs
RBL bank had the highest number of complaints per branch among scheduled commercial banks. AU Small finance bank had the most among SFBs.
BUSINESS
RBI received 501.86 complaints per branch against PPBL in FY22-23, highest among payments banks
Paytm Payments bank had highest complaints per branch amongst payments bank followed by NSDL Payments Bank which has 107.00 and Airtel Payments bank which has 41.52.
BUSINESS
Today's woman is much more confident and sure of herself: NSDL's Padmaja Chunduru
Among the challenges that remain are frequent relocations due to transfer orders, but these can be turned into opportunities, says the MD and CEO of National Securities Depository Limited.
BUSINESS
Big banks’ payment apps see jump in daily downloads since Paytm crisis; HDFC Bank’s numbers fall
Data shows that the Paytm app has seen a 44 percent decline in daily downloads — from 1,28,666 on February 1 to 72,117 on February 27
BUSINESS
ICICI Bank moves Economic Offences Wing to probe Rs 16-crore alleged fraud case
Shveta Sharma, the victim of the alleged fraud, had transferred the money from her US account to that of ICICI Bank, a private sector lender.
BUSINESS
FM suggests RBI to hold monthly meetings with fintechs, startups via VC: Source
The meeting came amid an RBI clampdown on Paytm Payments Bank over compliance violations, however, sources have indicated that there were no expressions of anxiety or concerns related to PayTM by Startup Founders and FinTech entities during the meet
BUSINESS
Banks see opportunity in Paytm implosion, look to corner QR code, sound box business
According to sources, Paytm Payments Bank’s fall is helping rivals in the Fastag space as well, where Airtel Payments Bank is expecting to add a million customers in the next four months.
BUSINESS
Paytm app daily downloads decline sharply since February 1
Rival BHIM UPI witnessed a 49 percent increase in daily downloads during this time, according to Appfigures data.
BUSINESS
Paytm Payments Bank’s exit from Fastags may be a windfall for rivals
Authorised Banks are getting lots of customers because of the Paytm Fastag issue, and are expecting to add more when users exhaust their balances.
BUSINESS
Standard Chartered Bank penalised by NCDRC for losing borrower’s original document
It is the latest in a series of such instances, with the lenders being asked to pay compensation, limited though it may be.
BUSINESS
Exclusive: State-run India Post Payments Bank aims for 30% growth for new customers by year-end
India Post Payments bank is adding customers in good numbers daily, says V Easwaran, MD and CEO. The bank is also launching its FASTag services soon.
BUSINESS
GIFT City's total banking asset size touches $52 billion in January, more banks may join: IFSCA Chairperson
Unlisted companies will be able to list their securities at Gift City in the next 3-4 months, K Rajaraman tells Moneycontrol.
BUSINESS
SC electoral bonds order levels the playing field, say bankers, legal experts
The Supreme Court has struck down the electoral bond scheme as unconstitutional and ordered the State Bank of India to immediately stop issuing the bonds
BUSINESS
Max Life chief hopes Axis Bank to complete Rs 1,612-cr capital infusion in 3 months
Axis Bank board on August 9 gave its nod to Rs 1,612-crore infusion in Max Life Insurance Company Limited, a material subsidiary of Max Financial Services Limited
BUSINESS
Banks would need to spend Rs 60-66 cr for re-KYC of Paytm Payments Bank merchant customers
Bankers said that the re-KYC process may take some months considering the size of the bank's customer base
BUSINESS
Moneycontrol Poll | Bankers, economists expect MPC to leave repo rate unchanged on Thursday
The monetary policy committee (MPC) is scheduled to meet from February 6 to 8.
BUSINESS
Budget 2024-25: All you need to know about the 'Lakhpati Didi scheme'
The union government had announced the ‘Lakhpati Didi’ scheme, with the motive to provide skill training to two crore women across the country.
BUSINESS
Experts hail budget push to promote iconic tourist centres with zero-interest loans
Finance Minister Nirmala Sitharaman, on February 1, announced that the government will provide long-term interest-free loans to states to promote iconic tourist sites.
BUSINESS
Bankers cheer union budget 2024’s focus on fiscal consolidation, infra and affordable housing
Some of the bank executives said that the finance minister has rightly chosen the path of fiscal consolidation
