PAN or Aadhaar Now Mandatory for Cash Deposits or Withdrawals Above Rs 20 Lakh
Now furnishing the Permanent Account Number (PAN) or biometric Aadhaar is mandatory for cash deposits or withdrawals above Rs 20…
12 MAY 2022
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Supreme Court Upholds RBI Remit Over NBFCs; State Moneylending Laws Won’t Apply
Non-banking financial companies (NBFCs) will be regulated by the Reserve Bank of India (RBI) as the RBI Act takes a…
11 MAY 2022
ICICI Bank Partners with Santander for India-UK Business
ICICI Bank inked a Memorandum of Understanding (MoU) with Santander UK Plc, a premier British bank, establishing a framework of…
11 MAY 2022
TN Manoharan Takes Over as Part-Time Chairman, IDBI Bank
The Board of IDBI Bank, on 9 May 2022, has nodded for the appointment of T N Manoharan as a…
10 MAY 2022
Loan EMIs to Go up as HDFC Bank Hikes MCLR Across all Tenors
HDFC Bank hiked its marginal-cost based lending rate (MCLR) on loans for all tenors by 25 basis points (bps). Making…
09 MAY 2022
NSDL Unveils Blockchain Platform for Debenture Covenant Monitoring
The National Securities Depository Limited (NSDL) rolled out Distributed Ledger Technology (DLT) blockchain platform for debenture covenant monitoring in order…
09 MAY 2022
Axis Mutual Fund Makes Fund Manager Changes in 7 Schemes: Reports
Axis Mutual Fund (MF) has reportedly made personnel changes in seven of its funds, amid allegations of violations against certain…
06 MAY 2022
Manipal Business Solutions Recognized as a Winner at Swanari Techsprint 2022
Manipal Business Solutions Private Limited (MBS), India’s leading fintech player in the BFSI space, has been named one of the…
06 MAY 2022
Banks Begin to Raise Lending, Deposit Rates after RBI Rate Hike
After a mid-cyclic RBI rate hike, banks have begun to increase deposit and lending rates. Public sector lender Bank of…
05 MAY 2022
IBM Chairman Arvind Krishna elected to the Board of Federal Reserve Bank of New York
IBM Chairman and Chief Executive Officer Arvind Krishna has been elected to the Board of Directors of the Federal Reserve…
04 MAY 2022
