RBI’s directive credit negative for HDFC Bank: Moody’s

The Reserve Bank's directive to HDFC Bank for temporarily stopping all launches of the Digital Business generating activities and sourcing of new credit card...

ICICI Bank enters ‘FinTech’ space, launches ‘iMobile Pay’ app

Private lender ICICI Bank on Monday entered the 'FinTech' space by launching the 'iMobile Pay' app which offers payments and banking services to customers...
Shaktikanta Das

Banks need to invest more in IT, tech: RBI Guv on...

A day after the Reserve Bank of India (RBI) asked the HDFC Bank to temporarily stop issuing new credit cards and launching new digital...

RBI revises FY21 growth to (-)7.5% on current recovery rate, vaccine...

The Reserve Bank of India (RBI) has revised the real GDP growth projection for FY21 upwards to (-) 7.5 percent on the back signs...

Banking, financial stocks to be in focus as RBI commences MPC...

Banking and financial sector stocks will be in focus throughout the rest of the trading week as the Reserve Bank commenced its Monetary Policy...

GST revenue collections seen stable going ahead

Goods and services tax (GST) collections are likely to remain stable in case no major obstacles come up for the economy, such as the...

Equity indices fall, Sensex down 170 points

The key Indian equity indices declined on Wednesday with the BSE Sensex falling over 170 points. Healthy buying was witnessed in metal, oil and...

Banks acting as villains for traders, alleges CAIT

The Confederation of All India Traders (CAIT) on Monday urged Union Finance Minister Nirmala Sitharaman to prevent banks from entering into an "unholy nexus"...

SMBs that quickly disclose hacking face 40% less financial loss

The small and medium businesses (SMBs) that decide to voluntarily inform about a data breach, on average, are likely to lose 40 percent less...

From Nov 27, Lakshmi Vilas Bank will cease to exist

From November 27, the 94-year-old Karur-headquartered Lakshmi Vilas Bank (LVB) will cease to exist officially and be amalgamated with DBS Bank India Ltd, a...

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