Bank of Maharashtra slashes RLLR by 40 bps; MCLR by 20 bps
Public Sector Lender Bank of Maharashtra (BoM) has decreased its Repo Linked Lending Rate (RLLR) by 40 bps to 7.05…
06 JUN 2020
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SBI reports highest ever profit, hits Rs 14,488 crore in FY20
State Bank of India (SBI) has declared a profit of Rs 14,488 crore in FY20. This is so far the…
06 JUN 2020
Over 70% of the MSMEs in India likely to layoff: Survey
More than 70 percent of micro, small and medium enterprises (MSMEs) and 40 percent corporate are planning to sack their…
06 JUN 2020
PhonePe planning to increase workforce by 20 to 30% this year
Flipkart-owned digital payments firm PhonePe is restructuring the company in a bid to make it a flatter organization. The company…
06 JUN 2020
Northern Arc raises US$50mn from US International Development Finance Corporation
Northern Arc has raised US$50million of debt financing from US International Development Finance Corporation (DFC). This is one amongst the…
05 JUN 2020
RBI to create Rs 500 crore Payments Infrastructure Development Fund
The Reserve Bank of India will be setting-up a Rs 500 crore Payments Infrastructure Development Fund (PIDF) in a bid to…
05 JUN 2020
Canara HBSC OBC Life Insurance names Deven Sangoi as CIO
Canara HSBC Oriental Bank of Commerce has named Deven Sangoi as its new Chief Investment Officer. The appointment will come…
05 JUN 2020
RBI to daily publish data on select payment systems
The Reserve Bank of India will start publishing daily data of select payment systems. The banking regulator has decided to…
05 JUN 2020
Unemployment rate drops to 5.8% in 2018-19: National Statistical Office
The unemployment rate in India dropped to 5.8 percent in 2018-19 from previously reported data, according to the National Statistical…
05 JUN 2020
Mastercard, Axis Bank partner to bring POS machines to smartphones
Digital payment major Mastercard has joined hands with private lender Axis Bank and French payment service provider Worldline, in a…
05 JUN 2020
