HDFC Bank to Upgrade Credit Card Business
HDFC Bank Ltd, India’s biggest private sector lender, is looking to replace its legacy credit card system with a modern technology platform to make the...
Tag : RBI
RBI Imposes Penalty on Himachal Pradesh State Cooperative Bank
The RBI has imposed a penalty of Rs 40 lakh on Himachal Pradesh State Cooperative Bank, Shimla, for non-compliance with certain regulatory directions issued by...
Foreign Investors Make $15 Billion in Q3
Even because the financial system slowed down following COVID-19 induced nation-wide lockdown, international buyers took again residence 30 per cent larger returns from their investments...
No Automatic Recurring Payment From April 1, Directs RBI
From April 1 there will be no automatic recurring payment for various services including recharge and utility bills as RBI has made Additional Factor of...
Policybazaar to Team Up With Paytm, Ola, IndusInd Bank for NUE Bid
SoftBank-backed insurance platform Policybazaar will partner with Paytm and Ola Financial, as well as private sector lender IndusInd Bank and a handful of consortium players...
Govt to Work with RBI for Execution of Bank Privatization Plan
Finance Minister Nirmala Sitharaman on Sunday said the government will work with the Reserve Bank for the execution of the bank privatization plan announced in the budget. Speaking...
Banking Sector NPAs Drop to Rs 8.08 Lakh Crore in Sept 2020
Non-performing assets (NPAs) or bad loans of the banking sector came down from a high of Rs 10.36 trillion at the end of March 2018 to...
SBI Cards Net Profit Plunges 52% to Rs 210 Crore
SBI Cards and Payment Services Ltd on Thursday reported a nearly 52 per cent dip in its net profit to Rs 210 crore in the...
Rupee Opens Flat At 73.79 Per Dollar
The Indian rupee opened flat at 73.79 per dollar on Monday against Friday’s close of 73.78, amid buying seen in the domestic equity market.On December 4, the rupee...
RBI Rejects Muthoot Finance’s Proposal To Buy IDBI MF
The RBI has turned down the proposal of Muthoot Finance Ltd. to acquire IDBI Bank’s mutual fund business. According to a regulatory filing by IDBI Bank Ltd. on November 24, a...