Indians travelling to Qatar will soon be able to make QR Code-based UPI merchant payments through QNB merchant network
Mumbai, July 11, 2024:
Piramal Finance secures $100 Million loan to support social impact projects
Standard Chartered Bank is the Social Loan Coordinator for this transaction
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.
Proposed IBC amendment on guarantees to aid NPA recovery, says India Ratings
In a nutshell, the amendments state that a resolution plan shall not automatically release guarantors from their liabilities
SBI raises Rs10,000 cr at 7.36% through infrastructure bond issue
The proceeds of bonds will be utilized in enhancing long term resources for funding infrastructure and affordable housing segment.
BNW Exclusive: Bank privatisation unlikely to come up in Budget 2024-2025
Earlier, reports had emerged that the Government is considering a list of banks to privatise in this round drawing comfort from the healthy market sentiments and reform-intent. But, a top government official said this is unlikely to happen this time.
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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 parameters for granting the PLI .
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 availing overdraft facility on TD’s up to the set limit amount.