Banking
Sandeep Batra appointed as executive director of ICICI
ICICI Bank on Wednesday said the RBI has approved Sandeep Batra as executive director of the company for a period…
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Cheque payments differently from 1st of January 2021
The Reserve Bank of India has decided to make a change in the cheque payment procedure by including a new…
Banking
Shares of Yes Bank lock 10% upper circuit
Yes Bank announced that Brickwork Ratings has upgraded ratings on Tier I subordinated perpetual Bonds or Basel II to BWR…
Banking
RBI suspends Karad Janata Sahakari Bank’s licence
According to a report by NDTV, on tuesday (December 8) The Reserve Bank of India(RBI) cancelled license of Maharashtra’s Karad…
Banking
ICICI Bank launches new ‘IMobile Pay’ app, allows everyone to make transactions
ICICI Bank has launched their new app iMobile Pay. iMobile Pay is a one of a kind platform where users…
Banking
Digital outages reported by HDFC found credit negative: Moody
Multiple digital outages reported by private sector lender, HDFC Bank, are credit negative, global rating agency Moody’s said on December…
Banking
DBS Bank Singapore invests Rs 2500 crore in DBS Bank India
DBS Bank India has received investment funds from DBS Bank Singapore. DBS Bank Singapore has infused about Rs. 2500 crore…
Banking
RBI keeps repo rate and reverse repo rate unchanged, repo rate fixed at 4.0%
The Monetary Policy Committee of RBI has decided to keep the rates unchanged for the December review. Repo rate remains…
Banking
Standard Life deinvest in HDFC by selling their stake of 172 million pounds
Asset manager normal Life Aberdeen sold-out a 2.8% stake in insurance subsidiary HDFC insurance Company for 172 million pounds. The…
Banking
S&P might term ICICI Bank and Indian Bank as “Fallen Angels” if economic downturn continues
The Standard and Poor’s (S&P) amidst the COVID-19 outbreak has mentioned that ICICI Bank and Indian Bank might become one…
Banking
RBI orders HDFC to stop issuing new credit cards
The RBI has directed India’s largest private lender HDFC to pause issuing new credit cards to its customers and also…
Banking
Interest rates on savings account to remain same until further notice, DBS India Ltd
DBS India Ltd which was a amalgamation of Lakshmi Vilas Bank and DBS put forward by RBI to revive the…