Good news for bankers: IBA, unions agree on new norms on PLI,group medical insurance
Earlier, banks used to consider only operating profit as the yardstick. However, for the financial year 2023-24, each Bank can decide any of the following...
News brief| Finmin asks private sector banks to step up efforts on financial inclusion
In a meeting with bank chiefs, the DFS secretary reviewed private sector banks’ performance and participation in furthering the cause of financial inclusion....
PNB Introduces Safety Ring Mechanism to Enhance Security for Internet and Mobile Banking Users
Safety Ring is an optional feature that allows customers to set a daily transaction limit with respect to term deposits (TD) on online closure or...
For Malaysia’s Islamic Banks Funding Fix May Be A Five-Year Wait, Report Says
Profitability of Islamic banks could stay lower than the sector in 2024 as well. Elevated deposit rates are exacerbated by intense competition for pricing household...
RBI cancels permits of Polytex India and Star Finserv citing rule violations
In the case of Polytex, the RBI said it has violated the violated RBI guidelines on code of conduct in outsourcing of financial services by...
Mashreq appoints Tushar Vikram as Country Head and CEO of India
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Goldman sachs report says India likely to stick to fiscal consolidation in Budget 2024-2025
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India’s private sector banks lead market cap gains on stronger metrics, says S&P Global Market Intelligence
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Rainfall picks up; sowing status better than last year, says Emkay economist Madhavi Arora
Retail food prices stay higher due to persistent heatwave conditions...
Hindenburg shared Adani report with client two months before publishing it: Sebi
Sebi charged Hindenburg of making 'unfair' profits from 'collusion' to use 'non-public' and 'misleading' information and induce 'panic selling' in Adani Group stocks....