DBS Bank India acquires a 9.9% stake in NBFC Svakarma
DBS Bank India Ltd. has acquired a 9.9% stake in Svakarma Finance.
Svakarma Finance is a non-deposit-taking, non-Banking Finance company.
DBS Bank aims to...
The Finance Ministry reviews public sector banks’ performance in FY22
The Finance Ministry reviewed the operations of all the public sector banks (PSBs) for FY22 on Monday.
The Finance Ministry deeply observed the implementation status...
RBI lifts an 11-month ban on the issue of new cards by MasterCard and...
The RBI has lifted the 11-month ban on the issue of new cards by MasterCard. It was initially proposed due to the compromised...
A Nationalised Bank Employee is exempted from Rotational Transfer by the Allahabad High Court
The Allahabad High Court recently rejected the transfer order of a Central Bank of India employee as his wife is permanently disabled with 100%...
Rajasthan Bank Employee shot dead in Kulgam (J & K)
Vijay Kumar, branch manager with Ellaquai Dehati Bank (EBD), was shot dead by the militants at Areah Mohanpora on Thursday in Kashmir's Kulgam district....
RBI bans 5 NBFCs in e-lender crackdown
RBI has canceled the Certificate of Registration of five Non-Banking Finance Companies (NBFCs). This happened during a major crackdown on digital lending irregularities in...
The New Development Bank (NDB) to open its first regional office in India
The Shanghai-based multilateral bank of the Brics countries, The New Development Bank (NDB), is set to open its first regional office in India at...
Supreme Court rejects Bank’s case against a Farmer
The Supreme Court had rejected a case on Friday put forth by the Bank of Maharashtra challenging a High Court's order.
The High Court...
Union Bank of India launches cross border trade finance service Trade Nxt
Union Bank of India launched an online platform called 'Trade Nxt,' which provides cross-border financial trading services to Indian importers and exporters.
It provides access...
Quoting PAN and Aadhaar mandatory for deposit or withdrawal of 20 lakhs or more
In a recent notification, the Government of India has made it mandatory to quote PAN cards or Aadhar Card for transactions equal to or...