Govt vigorously working towards bank consolidation: Arun Jaitley
The central government is “actively working” towards consolidation of banks, said Finance Minister Arun Jaitley, in a recent meeting with…
12 JUN 2017
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Lendingkart Finance chooses Yes Bank to raise Rs 50 crore debt
Lendingkart Finance Limited has raised a new debt funding from the private lender YES Bank. “The funds generated will be…
12 JUN 2017
POS machine shortage delaying DBT for fertiliser subsidy
Inadequate supply of Point of Sale (POs) machines is slugging down the central government’s Direct Benefit Transfers (DBT) for fertiliser…
12 JUN 2017
Impact of note ban on the economy to continue: State Bank of India
Expressing its concern over the adverse effects of demonetisation drive announced in November 2016, public sector lender State Bank of…
12 JUN 2017
IDBI Bank creates new department to manage bad loans
In its efforts to handle the issue of bad loans and monitoring credit, State-owned lender IDBI Bank has introduced a special…
09 JUN 2017
Axis Bank plans to ensure financial literacy to 80,000 people in 24 villages
Private lender Axis Bank has initiated ‘Digi-Prayas’ to ensure financial literacy to about 80000 people across the country.This initiative aims…
09 JUN 2017
DBT resulted in Rs 50,000 crore savings: Amit Shah
The Direct Benefit Transfer(DBT) programme has resulted in savings worth Rs 50,000 crore for the government in the last three…
08 JUN 2017
Aadhaar now mandatory for pension, kerosene subsidy
Aadhaar card has now been made mandatory for getting government subsidy on purchase of kerosene and benefits of Atal Pension…
08 JUN 2017
NPCI likely to ask banks not to levy fee on UPI based payments
In its efforts to promote cashless economy, National Payments Corporation of India (NPCI) is planning to direct banks not to…
07 JUN 2017
HDFC Bank to deduct charge for UPI transactions from 10 July
Private lender HDFC Bank Ltd will soon start charging its customers for transactions made via the Unified Payments Interface (UPI)…
07 JUN 2017
