Two-day bank strike ends; banking operations hit across Maharashtra
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Banking operations across Maharashtra remained impacted for the second straight day on Friday as employees of state-run lenders continued their two-day strike against bank privatisation
Credit card users spent Rs 39,000 cr on digital payments in 2021: Report
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Expenditure on food and utility bills remained consistent during all months while food and beverages saw high spending after the lockdown restrictions were eased from July to October
Bank strike continues for second day, services hit at many places
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: Banking services across Tamil Nadu remained hit for the second day on Friday with employees union staging a protest against the proposed privatisation of nationalised banks by the government
Bank strike continues for second day; services across Bengal hit
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Banking operations in West Bengal were severely affected for the second consecutive day as lakhs of employees and officers of public sector lenders continued their nationwide strike
India is mulling changes in law to cut govt's stake in banks: Report
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The proposals -- if approved -- would allow the government to gradually lower its holding in state-run lenders to 26% from 51% without diluting its grip on management appointments, say sources
PhonePe is first payments firm to tokenise cards on Visa, Mastercard, Rupay
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The company claims the tokenisation solution will help businesses save significant time and effort by removing the need to integrate with multiple card networks while complying with RBI norms
What is general corporate purpose, why it is under SEBI lens?
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SEBI has proposed change in listing norms to bring in more transparency. One was to cap the amount companies, mainly start-ups, can raise under general corporate purpose or GCP. Find out what is GCP
Jury still out on giving bank licences to industrial houses: RBI official
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Given that banking is a highly leveraged business dealing with public money, it makes sense to keep industry/business and banking separate, says RBI deputy governor M Rajeshwar Rao
PSU bank staff to go on two-day strike from Thursday; services may get hit
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Most of the banks, including SBI, have already cautioned their customers about the strike's possible impact on banking operations like cheque clearance and fund transfer
FSS, CSB Bank to open 1,000 Smart Cash franchisees for financial inclusion
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Modelled on a branch-in-a-box service concept, Smart Cash franchisees would offer affordable banking, investment, credit, and insurance products to target segments
Rupee slumps 22 paise, slips below 76/$ level in early trade
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The rupee declined 22 paise and slipped below the 76 per US dollar level in opening trade on Wednesday as persistent foreign fund outflows and Omicron worries kept the pressure on the local unit
SBI planning to offload 6% stake in AMC through initial public offer
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SBI currently holds 63 per cent stake in the mutual fund company and the remaining 37 per cent stake is held by AMUNDI Asset Management through a wholly owned subsidiary, Amundi India Holding
Rupee falls 17 paise to 75.95 against US dollar in early trade
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The rupee declined by 17 paise to 75.95 against the US dollar in opening trade on Tuesday, as muted domestic equities and persistent foreign fund outflows weighed on the local unit
Cabinet committee on privatisation yet to take decision on two banks: FM
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Finance Minister Nirmala Sitharaman on Monday said the cabinet committee on privatisation is yet to take a decision with regard to divesting two public sector banks.
Banks lost Rs 2.85 trn due to loan default of 13 firms, alleges UBFU
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: Public sector banks have lost nearly Rs 2.85 lakh crore on account of loan dues of 13 corporates even as the banks are used to bail out ailing financial institutions such as Yes Bank and IL&FS, United Forum of Bank Unions alleged on Monday.
In press releas
