NBFCs more vulnerable to Coronavirus than banks: Moody’s
Disruptions caused due to Covid-19 pandemic will further worsen the asset quality of non-bank financiers, a segment which is more…
20 MAY 2020
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COVID-19 to drag 60 Million people into ‘extreme Poverty’, warns World Bank
The coronavirus pandemic will push 60 Million people into ‘extreme Poverty’, warned World Bank Group President David Malpass during a…
20 MAY 2020
Lendingkart raises Rs 319 crore in D funding
Lendingkart, FinTech SME lender, has raised an equity round of around Rs 319 crore in its series D round. The…
20 MAY 2020
Bank of Baroda to assign agencies to scrutinize Rs 4 lakh crore NBFC loans
India’s third largest bank by loan size Bank of Baroda has appointed agencies in a bid to monitor the entire…
20 MAY 2020
Virtual hearing on GST, excise related now allowed on Whatsapp
Virtual hearing of all demand notices pertaining to indirect taxes such as goods and services tax (GST) can now be…
20 MAY 2020
Amid lockdown, Govt withdraws order directing companies to pay wages
The centre has withdrawn its order on payment of full wages to the workers by companies and commercial units amid…
19 MAY 2020
IBA demands RBI to extend NPA classification period from 180 days to 90 days
Indian Banks’ Association (IBA) has requested banking regulator Reserve Bank of India to extend the days of declaring Non-Performing Asset…
19 MAY 2020
Bank of India appoints Uniken for its REL-ID technology
Bank of India has decided to extend Uniken’s REL-ID Secure Platform to secure its digital and mobile banking channels globally.…
19 MAY 2020
World economy to face tough revival from crisis: Reports
The world economy is likely to face tough recovery from the Covid-19 led crisis, suggested two reports recently. The reports…
19 MAY 2020
Kotak Mahindra Bank unveils Video KYC option for savings account on boarding
Private lender Kotak Mahindra Bank unveiled India’s first Video KYC facility for customer onboarding, five months after the banking regulator…
19 MAY 2020
