Standard and Poor’s on July 17 said its base case for the global banking sector is for ratings stability to continue over the next one to two years. About 75% of bank…
Author: BNW News
M S Dhoni bets on Gurugram startup BluSmart that rivals Ola and Uber in EV biz
Former captain of the Indian cricket team, Mahendra Singh Dhoni, is among the investors in a Rs 200-crore funding round at BluSmart which competes with Ola and Uber in EV business. This marks…
Kotak Mahindra CEO says bank has more to do on technology front, committed to further enhancing resources
Kotak Mahindra Bank (KMB) Managing Director and Chief Executive Officer Ashok Vaswani acknowledged that the bank needs to do more the technology-front and said the lender is committed towards allocating resources and…
Softbank exits Paytm at loss of around $150 million
Japan’s Softbank investment arm, Softbank Vision Fund, exited from Paytm in the June quarter at a loss of around $150 million, sources aware of the development said. Softbank invested about $1.5 billion…
BNW Morning Brief: Top Headlines of the week
Top headlines of the week from Biznewsweek
RBI deputy governor Patra says price stability key for growth
The RBI has kept the interest rates steady for eight consecutive monetary policies citing persisting risks to inflation.
Morning News Brief| RBI allows residents to open foreign currency accounts in Gift City
Previously, Indian residents planning to invest abroad were required to open bank accounts in foreign jurisdictions before accessing global equity markets. Similarly, parents financing their children’s foreign education had to initiate the process of opening a foreign bank account.
SBI launches online loan against mutual funds through Online Banking & YONO App
SBI becomes the first PSB to provide an end to end digital loan against mutual fund units
Loan against MF available for MF scheme of all the AMCs registered with CAMS
NPCI International partners with QNB to launch UPI Payments in Qatar
Indians travelling to Qatar will soon be able to make QR Code-based UPI merchant payments through QNB merchant network
Mumbai, July 11, 2024:
News Brief| Canara Bank pays Rs 1838 crore dividend to government, BoI Rs 935 crores
For the full year 2023-24, Bank of India’s net profit jumped by 57%, which went up from Rs. 4,023 crores in FY23 to Rs. 6,318 crores for FY24.