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
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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
Zero tolerance policy on flouting KYC norms in the offing
The Reserve Bank of India (RBI) is likely to adopt a zero tolerance policy to violations of know your customer/anti-money…
09 MAR 2015
Forex reserves hit new high at over $338 bn
Foreign exchange reserves rallied to a new life-time high at USD 338.079 billion, an increase of USD 3.886 billion in…
09 MAR 2015
RBI eases norms for home loans for up to Rs 10 lakh
The Reserve Bank of India (RBI) has eased the norms for home loans for up to Rs 10 lakh by…
09 MAR 2015
