Saturday , December 16 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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HDFC Bank headcount falls down in 2nd quarter and 6,100 in Q4

HDFC Bank headcount falls down in 2nd quarter and 6,100 in Q4

HDFC Bank’s staff strength came down from 90,421 to 84,325 HDFC Bank staff strength came down from 90,421 to 84,325 owing to increased digitalisation in the March quarter and it expects the trend to continue There is a massive headcount drop in HDFC Bank in second quarter in a row ...

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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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Automakers offering huge discounts on their Cars

Sunny

The Automakers are offering tempting discounts on their vehicles like on Verna, Sunny, Grand i10, Duster. The car makers in India are offering huge discounts on the vehicles and it was just not limited to the low selling cars. Companies like Nissan and Renault. They are offering the discounts on ...

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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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State-owned banks becoming precious for investors

State-owned banks becoming precious for investors

State-owned banks are becoming dear ones  for investors March has turned out to be a worst quarter for state-run banks, as they have been facing double-whammy of making some bigger provisions for bad loans and at the same time they are facing a hit on their treasury income. This domineering ...

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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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LIC to get bankers on board for managing lending operations

LIC to get bankers on board for managing lending operations

LIC will be getting bankers on board for managing lending operations LIC will soon be obtaining services of retired bankers to strengthen the lending operations and to ensure where NPAs are kept at the minimum. LIC has now set up a cell for its lending of one-time settlement (OTS) and ...

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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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