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Latest Articles in banking

Banks Are Intensively Engaging In Digitisation Of Banking Transactions In Rural India

Educating the merchants who will be using these payment methods for their day to day business transactions by demonstrating various payment methods

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HDFC Bank Plans To Raise Up To $3.75 Billion From Share Sales

As part of the planned fundraising, HDFC Bank will issue up to 85 billion rupees worth of shares to HDFC Ltd on a preferential basis, while the remainder will be raised via modes including American Depositary Receipts and a share sale in India to institutional investors

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UIDAI Suspends Airtel, Airtel Payments Bank's eKYC Licence

In its strongest action yet, the UIDAI has temporarily barred Bharti Airtel and Airtel Payments Bank from conducting Aadhaar-based SIM verification of mobile customers using eKYC process as well as e-KYC of payments bank clients.

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Deadline For Linking Of Aadhaar With Various Services Extended

The apex court said the Constitution Bench would commence final hearing from January 17 on the petition challenging the Aadhaar scheme itself

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Bitcoin Soars Then Falls Back; Banks Raise Risk Concerns

Miners of bitcoins and other virtual currencies help keep the systems honest by having their computers keep a global running tally of transactions. That prevents cheaters from spending the same digital coin twice

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Mallya's Offer To Pay Back Chunk Of Loan Was Rejected By Banks, Claims Defence

The Crown Prosecution Service arguing on behalf of the Indian government countered that assertion, indicating that the reason such a repayment offer would have been rejected was that the banks knew Mallya had the means to pay back the entire amount due

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Looking To Make An Investment In Gold? Here's How SGB's And ETF's Stack Up Against Each Other

Let's understand them better before we can take a call on which one's best suited for your unique requirements

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Five Mutual Fund Investing Pitfalls To Avoid Right Now

Investors must be cautious of investing into close-ended NFO's (New Fund Offerings) that enforce hard lock-ins on their moneys at this stage

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Flat Income Tax System Undesirable: Industry, Trade Officials

The current income tax slabs in India compare favourably with most democracies where the government is expected to invest in social welfare and infrastructure

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Lupin Foundation Aims To Open 2 lakh Bank Accounts By 2020 In Rajasthan

The services provided are opening of bank accounts, deposit and withdrawals, transfer of funds, and ATM withdrawal, among others

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Need Broad-based Economic Growth, More Job Opportunities: Raghuram Rajan

'It is important to recognise that as a tolerant society India is better off having free speech with the provision that it should not propagate violence'

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HDFC Bank Launches SmartUp Zone To Cater Startups

As part of its strategy to support start ups, the bank has identified five branches in the state -- three in Jaipur and one each in Jodhpur and Udaipur --- which will be developed as SmartUp Zone, an exclusive area inside the branch dedicated to startups

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Yes Bank Raises $400 Million Loans From Japan, Taiwan

The bank scrip was trading 0.94 per cent up at Rs 316.15 a piece on the BSE at 1343 hrs, as against 0.66 per cent gain on the benchmark

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ICICI Bank Launches Eazypay Mobile App

The payments can be done using Aadhaar Pay, Bharat QR Code and 'Pockets' - the digital wallet of the ICICI Bank, the country's largest private sector bank by consolidated assets

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Four Mistakes Rookie Equity Traders Make

Winning Traders know that the odds will never be 100 per cent stacked in their favour - in fact, most are happy to get half their trades right, with stop losses ensuring that the losses borne do not outweigh the profits booked

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