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.
Vijay Kumar is a resident of Hanumangarh, Rajasthan....
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 Mumbai.
The RBI said that the five NBFCs have...
Public Sector Banks (PSB) are those banks where more than 50% of shares are held by the Ministry of finance Of the Government of India. Public Sector Banks play an important role...
The Reserve Bank of India (RBI) has ordered all the banks to provide an Interoperable Cardless Cash Withdrawal (ICCW) system in their ATMs.
In accordance with the RBI's notification dated May 19, 2022,...
The new RBI guidelines on loans have shocked the credit rating agencies.
The Reserve Bank of India has said that a company's ratings on loans cannot be notched based on 'diluted and non-prudent...
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 the Gujarat International Finance Tec (GIFT) City.
The objective...
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 had ordered the Bank of Maharashtra to accept...
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 to the entry and processing of credit (LC),...
In a recent notification, the Government of India has made it mandatory to quote PAN cards or Aadhar Card for transactions equal to or more than 20 lakhs in the current financial...
The Supreme Court's decision was a relief for all the Financial Creditors, especially banks. The SC has allowed banks to approach a new route to make recoveries from debt defaulting companies.
Now banks...
