Mutual Fund asset base soars to record high Rs 12 trillion in January
The Indian mutual fund industry’s assets under management (AUM) rose 12% or by Rs 1.30 trillion in January 2015 to…
09 FEB 2015
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Govt to infuse Rs 6,990 crore in nine PSBs; SBI leads the pack
Government has announced a capital infusion of Rs 6,990 crore in nine public sector banks including State Bank of India…
09 FEB 2015
Reliance, Birla, Bharti seek payment bank licence
Big corporate houses including Reliance Industries, Aditya Birla, Airtel and Future Group have applied for payment bank licence. A number…
03 FEB 2015
Dena Bank revises interest rates on fixed deposits
State-run lender Dena Bank has hiked interest rates on fixed deposits in various time buckets with immediate effect. For retail…
03 FEB 2015
HDFC plans app to facilitate 24×7 money transfer
HDFC Bank is planning to introduce a new app, Chillr, which will allow users to send money to any contact…
30 JAN 2015
Govt invites applications for IRDA membership
The government has invited applications for appointment of whole-time members at Insurance Regulatory and Development Authority of India (IRDA). Applications…
30 JAN 2015
With 11.5cr bank accounts, PMJDY enters Guinness Book
As many as 11.5 crore bank accounts have been opened under the Pradhan Mantri Jan Dhan Yojana (PMJDY), exceeding the…
29 JAN 2015
Telenor, Vodafone to apply for payment banking permits
Norway’s Telenor and British telecom major Vodafone are set to apply for payment banking permits in India, according to reports.…
27 JAN 2015
HDFC launches toll-free numbers for 32 countries
As part of customer convenience initiative, HDFC Bank has launched 11 international toll-free numbers for phone-banking assistance for its pre-loaded…
27 JAN 2015
CMS wins Rs 255cr SBI deal for 2,300 cash recyclers
CMS Info Systems, India’s leading Cash Management and Payments Solutions Company, has won a contract from State Bank of India…
27 JAN 2015
