Expect NSDL payment bank within a year: MD
Having been granted approval by the Reserve Bank of India to launch a payment bank earlier this year, the National…
14 NOV 2015
RBI
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IDFC Bank sees sizable expansion over next five years
New private sector IDFC Bank is looking to fill up the space, which has been a constraint for the public sector…
09 NOV 2015
Banks’ IT spend to go up 9.8% to Rs49.9k-cr in 2015
Indian Banking and securities companies are turning more technology-savvy as they are likely to increase focus in buying IT services,…
02 NOV 2015
Yes Bank becomes first bank to operate in GIFT City
Yes Bank has announced that it has started operations at the Gujarat International Finance Tec City (GIFT) from its IFSC…
27 OCT 2015
RBI calls application for bill payment service operators
The Reserve Bank of India has invited applications from entities engaged in bill payments and desirous to operate as Bharat…
21 OCT 2015
Jan Dhan deposits cross Rs. 25000 crore mark
Deposits in accounts opened under the Pradhan Mantri Jan Dhan Yojana (PMJDY) have exceeded Rs. 25,000 crore which has come…
14 OCT 2015
Yes Bank gets RBI approval for setting up mutual fund
Yes Bank has received green signal from the Reserve Bank of India (RBI) to sponsor a Mutual Fund; setup a…
13 OCT 2015
Banking on cusp of change amid competition & innovation
With entry of new banks and technological advancement, the competition in the Indian banking sector has also intensified. The competition…
12 OCT 2015
RBI cuts repo rate to 6.75%
The Reserve Bank of India (RBI) cut its key lending rate—the repo rate— to 6.75 percent from 7.25 percent. This…
29 SEP 2015
Bankers’ views on changing landscape of banking system
The Reserve Bank of India (RBI), which has lowered the benchmark rate by 75 basis points so far this year…
21 SEP 2015
