RBI strengthens rules for regulatory action in banks
The Reserve Bank of India (RBI) has strengthened the rules that prompt regulatory action on lenders when they fall short…
14 APR 2017
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Centre sanctions Rs 1.80 lakh crore to banks under PMMY
Loans extended to the banks under the Pradhan Mantri Mudra Yojana (PMMY) during 2016-17 have crossed the target of Rs…
13 APR 2017
IFSC banking units gets boost from RBI
In a bid to enhance the activities in international financial services centres (IFSCs), the Reserve Bank of India (RBI) has…
13 APR 2017
Google Pay integrates with Mobile banking apps
Android Pay is collaborating with several banks around the world—including Bank of America, Bank of New Zealand, Discover, mBank and…
13 APR 2017
Karnataka Bank Ltd appoints its new MD and CEO
Private lender Karnataka Bank Limited has appointed Mahabaleshwara MS as its new Managing Director (MD) and Chief Executive Officer (CEO).…
13 APR 2017
Amazon gets license to launch e-wallet in India
Amazon India has received the final nod from the Reserve Bank of India’s (RBI) to launch its own digital wallet…
12 APR 2017
Federal Bank’s IFSC Banking unit crosses $200 million in Gift City
Federal Bank, one of India’s leading private Bank, has crossed $200 Million in total business at its IFSC Banking Unit…
12 APR 2017
Facebook adds group payments feature to Messenger
Social media giant Facebook has introduced group payments feature within its Messenger app, allowing users to pay either everyone in…
12 APR 2017
Bank accounts to be blocked by April 30 if not self-certified
The Income tax department has notified all the banks to acquire self-certification from customers, to comply with FATCA (Foreign Account…
12 APR 2017
Chandigarh Postal department partner with SBI to promote digital transactions
Department of Post, Chandigarh has collaborated with State Bank of India (SBI) to promote ‘SBI buddy e-wallet’ and POS machines for…
11 APR 2017
