Mutual fund’s loss could be Rs 3 lakh crore gain for banks
India’s decision to tax returns from fixed-income mutual funds is set to bolster its lenders’ efforts to lure deposits for...
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BFSI
Govt gave Rs 8,800 cr capital to SBI without the lender asking for it in FY18: CAG report
The Department of Financial Services (DFS) had given Rs 8,800 crore to State Bank of India as part of recapitalisation...
Read moreSBI Cards outpaces banks in adding new customers in February
SBI Cards continued to beat rivals such as HDFC Bank in new card additions through better activation rates. While SBI...
Read moreIndia’s e-rupee unpopular as central banks push digital currency
Just outside the Reserve Bank of India's Monetary Museum - which charts the evolution of money, from barter to electronic...
Read moreIDFC FIRST Bank has partnered with Crunchfish to pilot a project to demonstrate offline retail payments
IDFC FIRST Bank, is set to be a part of RBI’s pilot project to enable offline payments. This project will...
Read moreBorrowers must be accorded hearing before declaration of bank account as fraud: SC
A borrower must be accorded a hearing before an account is classified as "fraud" and a reasoned order must follow...
Read moreMedi Assist to acquire Raksha Insurance TPA in expansion push
Health insurance third-party administrator Medi Assist is set to acquire 100% stake in Raksha Insurance TPA in what could be...
Read moreReliance Capital lenders fear recovery below liquidation value
Lenders of bankrupt Reliance Capital fear their loan recovery could fall below the liquidation value of `12,500-13,000 crore for the...
Read moreSBI sells loan of Atibir Industries to CFM Asset Reconstruction Company
State Bank of India has sold ₹341 crore of principal loan outstanding from bankrupt Atibir Industries to CFM Asset Reconstruction...
Read morePublic sector banks to submit plan to deal with key business risks
State-run banks will within two weeks submit to the government a detailed scenario-mapped plan of various business risks, people familiar...
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