RBI allows HDFC Bank, Canara Bank to open vostro account for Rupee trade with Russia
The Reserve Bank of India (RBI) on Monday allowed HDFC Bank Ltd and Canara Bank Ltd to open a special...
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BFSI
Anant Singhania, CEO, JK Enterprises & President, IMC Chamber of Commerce & Industry conferred BFSI & Fintech Winners
B2B Infomedia: Indian BFSI sector is poised to become the third largest in the world by 2025. It means a huge...
Read moreNPCI in talks with RBI on UPI volume cap deadline
National Payments Corporation of India (NPCI), which runs the UPI digital pipeline, is in talks with the Reserve Bank on...
Read moreBanks increase EBLRs by 190 bps in tandem with RBI’s repo rate hike
All major banks have increased their external benchmark-based lending rates (EBLRs) by 190 basis points in tandem with the hike...
Read moreBanks prefer to give loans now than buy bonds
Investments to deposits ratio of the Indian banking industry fell to a four-month low as banks allocate more of their...
Read moreGovt raises maximum tenure of PSU banks’ CEO to 10 years
The maximum tenure of CEO and MD of public sector banks has been increased to 10 years, a move that...
Read moreMost public banks continue to reel under weak assets even as private counterparts thrive
While the State Bank of India and some leading private sector banks have largely addressed their asset quality challenges, many...
Read moreFinancial sector reliance on 2-3 big tech companies poses major risks: Axis Bank CEO Amitabh Chaudhry
Companies providing software and other technology support like cloud services to the financial system are trickling down to a few,...
Read moreIIFL Wealth and Asset Management reinforces its commitment to clients with a new name: 360 ONE
IIFL Wealth and Asset Management has rebranded itself as 360 ONE. A name borne out of the purpose the company...
Read moreShriram Life empanelled as annuity service provider for PFRDA pension scheme
The Pension Fund Regulatory and Development Authority (PFRDA) has onboarded Shriram Life Insurance Company (SLIC) as the annuity service provider...
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