BoB proposes to sell its majority stake in Nainital Bank
State-owned Bank of Baroda (BoB) on Tuesday said it plans to sell its majority stake in Nainital Bank. The board...
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BFSI
Shaji K V takes over charge as NABARD Chairman
New Delhi:, Shaji K V has taken the charge as Chairman of National Bank for Agriculture and Rural Development (NABARD)...
Read moreBorrowers don’t have to be told individually about change in rates: Consumer court
The national consumer court has ruled that banks are not required to inform each borrower individually about any automatic change...
Read moreRBI shortlists 7 global consultancy firms to use AI, ML to improve regulatory supervision
The Reserve Bank has shortlisted seven global consultancy firms, including Pricewaterhouse Coopers, McKinsey and Boston Consulting Group (India), to use...
Read moreBanks follow RBI’s signal; hike lending rates
Hours after RBI's move to increase repo rate by 35 basis points, a number of lenders, including Bank of India...
Read moreUPI payment limit: This is the daily amount one can spend using GPay, PhonePe, and Paytm
Amazon Pay has also set a Rs 1,000,000 maximum money transfer limit via UPI. Notably, users can only transact up...
Read moreBanks should not ask for verification at branch level if customer does e-KYC, says RBI
India's Reserve Bank on Wednesday directed banks to not ask their customers for a physical verification at the branch, if...
Read moreUPI transactions see 650% rise at semi-urban, rural stores: Report
The unified payments interface (UPI) transactions witnessed a meteoric 650 per cent rise at the semi-urban and rural stores in...
Read moreGovt to allow foreign funds to own over 51% in IDBI Bank
The Indian government will allow a consortium of foreign funds and investment firms to own more than 51% in IDBI...
Read moreIDFC partners with Sa-Dhan to provide digital microfinance solutions to feature phone users
Private sector lender IDFC First Bank has partnered with the association of microfinance institutions Sa-Dhan and Delhi-based fintech solutions provider...
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