Tech Mahindra third of 11 entities to drop payments bank idea
With three of the 11 firms, which were granted licences by the Reserve Bank of India to launch payments bank,…
25 MAY 2016
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HSBC to prune number of branches in India
In order to give a thrust to retail and wealth management business to the online channel, Hong Kong & Shanghai…
20 MAY 2016
Fullerton India posts impressive growth, profit goes up by 43%
Fullerton India, one of India’s ace non-banking financial companies with an extensive pan-India presence on Friday declared its audited financial…
20 MAY 2016
SBI associates’ staff go on strike, protest proposed merger
In order to cripple bank services, over 50,000 employees of five associate banks of State Bank of India (SBI) have…
20 MAY 2016
PNB posts worst loss in Indian banking history, registers Q4 loss of Rs 5,370 cr
Government-run lender Punjab National Bank has registered the largest quarterly loss ever reported by an Indian lender. PNB posted a…
20 MAY 2016
Banks continue to reel under bad loans; five banks reported loss
Major Indian banks continue to have a nightmarish experience because of escalating bad loans in the quarter ended 31 March.…
14 MAY 2016
Debt recovery Bill referred to Joint Committee of Parliament
Finance Minister Arun Jaitley introduced the Enforcement of Security Interest and Recovery of Debt Laws and Miscellaneous Provisions (Amendment) Bill,…
12 MAY 2016
Kotak Mahindra Bank registers rise in earnings
Kotak Mahindra Bank has posted a 32 per cent rise in its net profit for the quarter ended March 2016.…
12 MAY 2016
Bank unions propose nation-wide stir on July 29
In order to lodge protest against banking reforms proposed by the Union Government, United Forum of Bank Unions (UFBU) —…
12 MAY 2016
Reliance Jio Infocomm unveils digital wallet
Reliance Jio Infocomm owned by Mukesh Ambani has launched its digital wallet service— JioMoney Wallet following the commencement of 4G…
11 MAY 2016
