HDFC Bank slashes MCLR by 5 bps
Private lender HDFC Bank has slashed its marginal cost of funds-based lending rate (MCLR) by 5 basis points (bps) across…
10 JUN 2020
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SoftBank planning to layoff 80 workers amid Vision Fund cuts
SoftBank Group Corporation’s Vision Fund is planning to sack about 15% of its staff, increasing the earlier said estimate of…
10 JUN 2020
FM Sitharaman reviews progress of credit guarantee scheme for MSME
Finance Minister Nirmala Sitharaman called for a meeting on Tuesday in a bid to review the credit guarantee scheme with…
10 JUN 2020
Standard Chartered appoints Subhradeep Mohanty as CFO of Africa and AME region
British multinational financial services company, Standard Chartered PLC has appointed Subhradeep Mohanty as Chief Financial Officer (CFO) of the Africa…
10 JUN 2020
IndusInd Bank promoters await RBI approval to increase stake acquisition in the Bank
Promoters of IndusInd Bank, in a regulatory filing, informed the exchanges about their plan to increase their stake in the lender…
09 JUN 2020
Empays Payment Systems, Mastercard partner to enable contact-free ATM cash withdrawals
Empays Payment Systems India Pvt Ltd, has announced a partnership with Mastercard in a bid to launch ‘Cardless ATM powered…
09 JUN 2020
Unlock 1.0: PhonePe partners ICICI Lombard to unveil Domestic Trip Insurance
Digital payments firm PhonePe has joined hands with ICICI Lombard in a bid to offer industry-first domestic multi-trip insurance cover. This product…
09 JUN 2020
Covid-19 to contract Indian economy by 3.2% in FY21: World Bank
Covid-19 outbreak will contract global economic output by 5.2% in 2020, said the World Bank and it also warned that…
09 JUN 2020
IDBI Bank becomes fifth most valuable private bank, shares surge by 100%
Private sector lender IDBI Bank Ltd has now become fifth most valued private lender replacing Bandhan Bank, Yes Bank and…
09 JUN 2020
Elets BFSI NextGen Virtual Summit to delve into future of BFSI sector post Covid
The outbreak of Covid-19 pandemic has significantly transformed the way businesses are run around the world. Every sector is bringing…
08 JUN 2020
