Boost for NBFCs as 100 % FDI allowed in more financial services
In a recent move to attract foreign capital in the country, the Reserve Bank of India (RBI) allowed cent percent foreign…
22 OCT 2016
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RGVN Microfinance to step into small finance bank operations
RGVN Microfinance (North East) Ltd is gearing up to commence its small finance operations by mid-January. It is awaiting the…
20 OCT 2016
SBI, Axis and BSE admit facing cyber threat
Financial institutions namely State Bank of India, Axis Bank and BSE, admitted of having faced cyber threat in the last…
20 OCT 2016
RBI issues operational guidelines for Payment, Small Finance Banks
The Reserve Bank of India came out with operating guidelines for differentiated banks, payments banks and small finance banks, being…
18 OCT 2016
NDB to more than double its lending to $2.5 billion next year, says KV Kamath
In 2017, New Development Bank formed by BRICS nations is planning to more than double its commitment of supporting infrastructure…
18 OCT 2016
PNB housing bags Sebi’s approval for Rs 2500 crore IPO
India’s leading housing firm PNB has received a nod from capital markets regulator Sebi’s to raise Rs 2,500 crore through…
13 OCT 2016
ICICI Bank adapts blockchain technology for banking transaction
ICICI Bank has become the first of its kind bank in India to adapt blockchain technology for completing a banking…
13 OCT 2016
Utkarsh Micro Finance raises Rs 395 crore, adheres to RBI norm
Adhering to RBI’s norm pertaining to banking operations,small finance bank license holder Utkarsh Micro Finance has raised Rs 395 crore…
13 OCT 2016
Universal Sompo General Insurance elevates Rajiv Kumar as MD & CEO
Universal Sompo General Insurance Co. Ltd announced that Rajiv Kumar has been appointed as the new Managing Director & Chief Executive…
13 OCT 2016
RBI refers manned ATMs as branches
Despite having highest mobile banking penetration in Asia, Indians are still hugely dependent on ATMs and branches, says a Reserve…
12 OCT 2016
