Private banks to hike fines, charges from April 1
Many private banks, including HDFC Bank, ICICI Bank, Axis Bank and Kotak Mahindra Bank, have announced a hike in charges…
23 MAR 2015
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Insurance sector may get $8-10 billion in FDI
Indian insurance sector may get USD 8-10 billion (over Rs 60,000 crore) of capital from foreign players with the passage…
23 MAR 2015
Govt looking at proposal to join digital payments alliance
The government is considering a proposal to join the Better Than Cash Alliance (BTCA), a global body that helps governments,…
23 MAR 2015
Stakeholders meet on 25th to discuss setting up of Mudra Bank
The first meeting of all stakeholders, including MSME and microfinance institutions, to discuss formalisation of structure of the Rs 20,000-crore…
23 MAR 2015
European Investment Bank to set up office in India
The EU-owned European Investment Bank (EIB) is planning to open its first office in India to significantly expand its operations.…
17 MAR 2015
1.8 lakh accounts opened under Sukanya scheme in 2 months of launch
About 1.80 lakh accounts have been opened under ‘Sukanya Samridhi Scheme’ in less than two months of launch of the…
17 MAR 2015
Govt mulls priority sector lending certificates for banks
Government has proposed to introduce Priority Sector Lending Certificates (PSLCs), on the lines of carbon credit trading, wherein banks can…
17 MAR 2015
Magma Fincorp appoints Atul Bansal as CFO
Non banking finance company Magma Fincorp has appointed Atul Bansal as the new Chief Financial Officer (CFO). Bansal will replace…
17 MAR 2015
Llyod’s in talks with IRDA to set up re-insurance business in India
UK-based re-insurer Llyod’s has initiated talks with insurance regulator IRDA for starting operations in India and opening offices here. “Llyod’s…
17 MAR 2015
Axis Bank, MasterCard, Vayana partner for B2B invoicing
Axis Bank has tied up with MasterCard and Vayana Network to launch digital invoicing solution for B2B payments. The ‘Invoice…
10 MAR 2015
