ICICI Bank cuts interest rates on bulk deposits by 15-25 bps
In a move that may dishearten people, ICICI Bank Ltd has slashed interest rates on bulk deposits by 15-25 basis…
03 MAY 2016
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Ujjivan gears up to open 100 branches to meet small bank licence norms
After launching a Rs 885 crore initial public offering (IPO), Microfinance firm— Ujjivan Financial Services Ltd has decided to open…
03 MAY 2016
Empowering weaker section of society
Narmada Jhabua Gramin Bank (NJGB), Chairman, K V Raghavendra, in an interview with The Banking and Finance Post magazine, talks…
30 APR 2016
Tech Transition Awaits Co-operative Banks
In the era of technological advancements and digital banking, cooperative banks are lagging behind major players because of various reasons.…
30 APR 2016
Reserve Bank’s concept paper on P2P lending soon
The Reserve Bank of India (RBI) is planning to come up with a concept note on peer-to peer (P2P) or…
26 APR 2016
Bank unions, IBA favour disclosure of defaulters’ names
In order to shame wilful defaulters, bank unions and the Indian Banks’ Association (IBA) have demanded disclosing of the list…
20 APR 2016
With UPI, sending money via SMS becomes a reality
With the launch of Unified Payments Interface (UPI), touted as next generation technology in the money transfer domain, sending money…
13 APR 2016
RBI slashes key rates, raises hopes of cheaper loans
Raising hopes that home and car loans could be cheaper sooner than expected, the Reserve Bank of India has cut…
05 APR 2016
18 more new banks next year, says RBI Governor Rajan
As many as 18 more new banks will open in the country next year in the form of payments banks…
04 APR 2016
Digital payments giving huge boost to economies: Study
Migration to electronic payments has added US $6bn (approximately Rs 40,000 crore) to India’s GDP and created 1.4 million additional…
15 MAR 2016
