Sunday , June 25 2017

Banking & Finance News

PwC study says financial institutions feeling the fintech heat

PwC study says financial institutions feeling the fintech heat

Financial institutions feeling fintech heat, says PwC study PWC study says that the Financial institutions are growing at risk of losing business to fintech innovators. It added the officials are also viewing to explore partnerships with the some new entities to foster innovations. Starting with payments and fund transfers the ...

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ESAF Small Finance Bank plans to raise 200 crore via Tier-II bonds

ESAF Small Finance Bank plans to raise 200 crore via Tier-II bonds

ESAF Small Finance Bank plans to mop-up 200-crore capital ESAF Small Finance Bank a recent entrant in the small finance bank space, planning to raise 200 crore via Tier-II bonds, Managing Director, Founder and CEO K Paul Thomas said. Presently, this small finance bank which launched on March 17 has ...

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SBI will be Charging Fee for Cheque Payments Against Credit Card Dues

SBI will be Charging Fee for Cheque Payments Against Credit Card Dues

Against Credit Card Dues SBI will be Charging Fee For Cheque Payments SBI Card will be imposing a charge on payments that are made by cheques. This came into existence from April 1, according to SBI Card’s website. The card company said that the payments made below Rs. 2,000 through ...

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After the latest RBI circular FY16 bank financials might look different

After the latest RBI circular FY16 bank financials might look different

FY16 bank financials may look different after the latest RBI circular The guideline of RBI, while the Asset Quality Review (AQR) that had implemented from 2015 September lead to higher recognition of bad assets with lower profitability in the fiscal year 2015-2016 (FY16) for most of the banks, the latest ...

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Idea will be targeting June to start its payments bank operations

Idea will be targeting June to start its payments bank operations

Idea targets June to start its payments bank operations Idea Cellular itself has set a target to launch its payments in bank operations and it is signing up retailers those who sell its telecom services to make it double banking touch points to allow the customers to carry out transactions. ...

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All India Bank Employees’ Association signs an MoU with Govt and Bank Management

Bank association

The government decided not to cut down the employee benefits as a part of bank turnaround plan, this made the employee association to sign an MoU with the bank management and administration. The administration has decided not to reduce the benefits of the bank employees as a part of Bank ...

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