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3 mins read
Congress criticises SBI's decision to convert SIIL debt into equity, urges RBI intervention
The State Bank of India (SBI), being SIIL’s largest lender, found itself at the centre of this fina…
2 mins read
Paytm can onboard new UPI users again, receives NPCI nod months after RBI restrictions
Paytm's parent company, One97 Communications Ltd, has received approval from the National Payments …
2 mins read
PIL filed against RBI, SBI notifications permitting Rs. 2000 note exchange, without ID proof
A Public Interest Litigation (PIL) has been moved in Delhi High Court challenging Reserve Bank of I…
ANI
4 mins read
Explained: Is this the right time to invest in long duration debt funds?
With the Nifty surpassing 22,000 and the Sensex above 73,000, the bulls are making merry on Dalal S…
1 min read
SBI warns customers against instant loan apps
The country's largest lender, State Bank of India (SBI) has warned customers against instant loan a…
4 mins read
Senior citizen FDs: With interest rates at a high, time to park safe
Senior citizens often prefer investing in fixed deposits (FDs) due to the safety and stability thes…
2 mins read
SBI penalised for sending bills to man despite credit card's expiry
The forum noted that the company had blacklisted him in the CIBIL system of the wilful defaulte…
PTI
2 mins read
RBI's vigilance: New consumer credit norms to bolster India's financial stability amidst surging loan growth
In a proactive move aimed at mitigating potential systemic risks associated with the rapid growth o…
ANI
5 mins read
Indian markets open in the green despite mixed cues from Asian markets – SBI, PNB, Adani Enterprises in focus
Sensex and Nifty50 opened in the green despite mixed cues from Asian markets. On a positive note, a…
1 min read
SBI Mulls Contactless Debit Cards, Seeks Permission From RBI
According to S K Mishra, deputy MD of SBI (corporate strategy and new businesses), "Right now, for …
3 mins read
RBI’s Monetary Policy Committee keeps repo rate unchanged at 6.5%, for now
The Reserve Bank of India’s Monetary Policy Committee (MPC) kept the policy repo rate unchanged at …
2 mins read
Jet Airways case: NCLAT to pass order on Jalan Kalrock Consortium's plea against SBI on May 30
The National Company Law Appellate Tribunal (NCLAT) said it will give a verdict on May 30 regarding…
PTI
4 mins read
RBI tightens norms for Chinese lending apps
Chinese digital loan apps were utilising the loophole in the regulatory guidelines to dupe Indian c…
1 min read
Ashneer Grover slams RBI over recent mandate
Ashneer Grover, who was sacked along with his wife Madhuri Jain Grover by fintech platform BharatPe…
1 min read
Exporters seek relief amid COVID-19 outbreak, SBI working on packages
Chairman of CII National Committee on Exports andImports, Sanjay Budhia, said exporters are looking…
PTI
3 mins read
Digital rights advocacy group IFF notices 70% drop in donors as banks unable to keep up with RBI’s recurring payments regulation
Apar Gupta, executive director of IFF, told Business Insider, “A lot of our sign-ups were throug…
3 mins read
SBI plans Rs 20,000cr capital mop-up by Mar 2021; to seek shareholders' nod in Jul
The lender said it will seek shareholders' nod in the meeting "to create, offer, issue and allot, s…
PTI
3 mins read
Indian credit card users spend 40x more than debit card users online
Credit cards are still used by a tiny minority of users in India, but their spending habits reveal …
1 min read
RBI likely to hold interest rates, thanks to excess liquidity
The excess liquidity has resulted in the growth being at its slowest pace in two years, inflat…
3 mins read
Supreme Court reserves verdict on extension of loan moratorium period
The Indian Supreme Court reserved its judgement on pleas regarding extension of the loan moratorium…