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Latest Articles in Banking Finance
IFSCA Permits Banking Units To Transfer Assets Through Participation Pacts
The above dispensation is expected to encourage risk participation of foreign currency assets through BUs in IFSC instead of banks in foreign jurisdictions
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Maintaining 4% Inflation Appropriate For India: RBI Paper
Under the current dispensation, the RBI has been mandated by the government to maintain retail inflation at 4 per cent with a margin of 2 per cent on either side.
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Big Tech Bets And Cryptocurrencies Power 2020's Top US Funds
The fund's gains came during a retail-investor led rally in cryptocurrencies that pushed total assets invested in crypto funds to a record $15 billion, up from $2.57 billion at the end of 2019, according to digital asset manager CoinShares.
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After RBI Rap, Fintech Grouping Comes Out With Code Of Conduct For Industry
The FinTech Association for Consumer Empowerment (FACE), which claims to be a non-profit body formed by five fintech companies,
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Microfinance In India: The Story Of Resilience
The microfinance model of providing small collateral free loans to the ‘bottom of pyramid’ clients hitherto overlooked by the formal sector, has established itself as an effective & sustainable model for financial inclusion.
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Former PNB Chief Manager, Two Associates Held In Delhi For Loan Fraud
In connivance with the accused Sangwan, Sarki and other associates, the manager got a cash credit account opened in the name of Sarki Trading Company allegedly maintained by Sarki.
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RBI Guv Ask Banks To Strengthen Lending Capacity By Raising Capital
During a two-day meeting with heads of banks, including the private sector lenders, the governor emphasised on the need to remain vigilant and make provisions against bad loans proactively.
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Central Bank Of India Launches Contactless Debit Card In Association With NPCI
Users of Central Bank RuPay Select Debit Card can avail complementary membership and concessional access to golf courses, gyms, spas and restaurants
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ICICI Bank Unveils Online Platform For Foreign Businesses In India
Infinite India platform offers banking solutions as well as value-added services such as incorporation of a business entity, corporate filings, licences and registrations, HR services, compliances and taxation among others
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How Tech Can Help MSMEs
At the core of Atmanirbhar Bharat is the MSME sector. A slew of stimulus measures aimed at MSMEs raised the spirits of companies in this segment.
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Canara Bank Exposure To Transstroy Consortium Lending At Rs 678 Cr
The Central Bureau of Investigation (CBI) has alleged that loans were misappropriated by the directors causing a loss of Rs 7,926.01 crore to the consortium members.
Read MoreBOJ To Look At More Effective Ways Of Hitting Price Goal, Extends Fund Scheme
Japan's economy rebounded in July-September from its worst postwar contraction in the second quarter, though the third wave of infections is dampening prospects for a strong revival.
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World Bank Approves Four India Projects Worth over $800 Mn
The projects support a range of development initiatives including supportive agriculture for tribal households in Chhattisgarh, enhancing quality education in Nagaland, and improving the safety and performance of existing dams across various states in India, World Bank India said in a statement
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Enabling Trust In Contactless Payments Necessary To Unlock Demand
Contactless cards enable seamless payments in physical retail settings and can prove instrumental for India’s demand recovery.
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Enabling Financial Inclusion
ICICI has a Board-approved environment, social and governance framework that assesses all new financing proposals above a specific threshold on the environment, social and governance parameters.
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