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 availing overdraft facility on TD’s up to the set limit amount.
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 loans and financing in Malaysia’s saturated banking sector.
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 outsourcing its core decision-making functions related to client sourcing, Know Your Customer (KYC) verification, credit appraisal, loan disbursal, loan recovery, follow up with borrowers and attending and resolving complaints from borrowers, the RBI said.
Mashreq appoints Tushar Vikram as Country Head and CEO of India
Mashreq, one of the leading financial institutions in the MENA region, has appointed Tushar Vikram as its new Country Head and CEO of India, starting...
India’s private sector banks lead market cap gains on stronger metrics, says S&P Global Market Intelligence
India's private sector banks led gains in market capitalization in the three months to June 30 amid improvement in their financial metrics and positive sentiment...
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.
Bandhan Bank Appoints Ratan Kumar Kesh as Interim CEO
Present chief Chandra Shekhar Ghosh is set to retire on July 9 upon completion of his current tenure.
Icra pegs securitisation volumes at Rs45,000 cr for Q1
Rating agency, Icra has estimated that the overall securitisation volumes, originated mainly by financial institutions, stood at around Rs. 45,000 crore in Q1 FY2025, reflecting...
HDFC Bank’s Stock Dips on Soft Business Performance
Early on Friday, HDFC Bank saw its shares decline by more than 3% following a lackluster business update for the first quarter. The bank reported...
Kotak Group Fund Denies Knowledge of Hindenburg’s Investor Partnership
Kotak Mahindra Group has stated that Hindenburg Research was never a client of Kotak Group's K-India Opportunities Fund (KIOF) or Kotak Mahindra International Ltd (KMIL)...