Bank of Baroda mulls hiring digital marketing agencies to strengthen brand
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Bank of Baroda is looking to hire three digital marketing agencies to strengthen its brand, aiming to be a preferred choice of customers with innovative banking models
Federal Bank gets board nod for Rs 148 cr rights issue subscription
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Private sector Federal Bank on Tuesday said its board has cleared Rs 148 crore-capital investment into subsidiary Fedbank Financial Services (FFSL) through a rights issue
Bank NEFT transfers will not be operational coming weekend
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If you planning an online money transfer using the banking system between Saturday midnight and Sunday, you are well advised to either cancel or postpone such transfers
SBI to sell three NPA accounts next month for recovery of over Rs 235 cr
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The State Bank of India will sell three bad accounts to asset reconstruction companies or other financial institutions next month to recover dues of over Rs 235 crore, according to a sales notice
DFS Secy urges states to vaccinate bank and insurance staff, provide safety
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Debasish Panda says bankers have played a key role in providing services in such difficult times, many have contracted the virus, and some have even lost their lives
PMC depositors allowed to withdraw up to Rs 5 lakh for Covid treatment: RBI
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RBI filed a response in Delhi HC, stated that depositors of PMC Bank are already allowed to withdraw up to Rs 5 lakhs on hardship grounds for treatment of terminal illnesses, including Covid treatment
RBI tells lenders to re-consider ties with crypto exchanges, traders
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The guidance comes as India is crafting a law to ban cryptocurrencies and penalise anyone dealing in them, which would be among the most sweeping crackdowns on the new investing fad in the world
Microfinance institutions want additional relief measures from RBI
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In a letter to RBI Governor Shaktikanta Das, MFI association SaDhan has sought a special liquidity facility of at least Rs 15,000 crore to be provided by all-India financial institutions
India's reserves adequacy improved to 18.6 months in December 2020
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As at end-March 2021, RBI held 695.31 tonnes of gold--403.01 tonnes overseas with the Bank of England and Bank of International Settlements, and 292.30 tonnes domestically
Microfinance sector seeks RBI's additional support to combat second wave
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The microfinance industry has sought additional support, including an extension of the emergency credit line, from the RBI to combat the challenges arising out of the second COVID-19 wave.
J&K Bank defers board meet on proposed Rs 500 cr-capital infusion from govt
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Jammu & Kashmir Bank (J&K Bank) has postponed its board meeting to discuss the proposal of Rs 500 crore capital infusion from the state government.
The meeting of the board of directors of the bank scheduled for Wednesday, May 12, 2021 to consider/discuss th
RBI modifies norms for undertaking govt business by private banks
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The Reserve Bank on Monday came out with modified guidelines that allow sound private sector banks to undertake government business, whether at the Centre or in states.
According to the modified norms, scheduled private sector banks, which are not under the
Former Irdai chairman asks insurers to concentrate on prevention of risk
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In the first two quarters after the onset of the Covid-19 pandemic, the insurance industry suffered negative growth. But, it bounced back as soon as the economy opened up post the lockdown
Relief to only postpone financial stress from India's Covid surge: Fitch
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There are growing indications that India's latest wave of Covid-19 infections will add to risks among financial institutions by sapping near-term momentum from the economic recovery
Relief to postpone financial stress from India's Covid surge: Fitch
newsdepo.com
There are growing indications that India's latest wave of Covid-19 infections will add to risks among financial institutions by sapping near-term momentum from the economic recovery
Inflation debate hits emerging markets as Pimco backs economic rebound
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Heavyweights including Brazil, China and India will report inflation data this week against a backdrop of quickening growth that's being fueled by months of easy money and fiscal largess
