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Stay abreast with Challenges, Innovations and Opportunities in the BFSI sector.
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The Reserve Bank of India has notified that banks can convert existing debts into equity resulting in 51% or more stake in a distressed company. For details click here. |
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Non-performing assets or NPA of the Indian banks is likely to remain high at 9.5-10.5 percent in the current financial year, says rating agency ICRA.
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Aiming to promote financial inclusion, the Reserve Bank of India is planning to issue first set of licences for small and payment banks in the next two months.
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The Department of Post has signed a pact with cash management and payments solutions firm CMS Info Systems to personalise over 15mn debit cards.
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Rana Kapoor has been reappointed as the Managing Director & CEO of Yes Bank as shareholders approved the resolution with a majority of 99.97 per cent.
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ABNL has formed a JV with a South African insurance-based financial services group MMI Holdings to foray into Indian health insurance sector.
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Visual banking twist to BFSI
As the BFSI industry spends lavishly on IT solutions, PeopleLink's innovative offerings see a huge acceptability in the sector, says CEO of the company, Amit Chowdry. Read More
Amit Chowdry,
CEO, PeopleLink
CEO, PeopleLink
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