Tag Archives: Banking

Bank of India opens first-ever branch in Ladakh

Bank of India on Friday extended its operations to the Union Territory of Ladakh by opening its first-ever branch here with its top official asserting that the bank is fully committed to extending its banking services to the people living … Continue reading

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Five banks may bid for Citi’s India consumer businesses

Five top lenders, including HDFC Bank and Kotak Mahindra Bank, are expected to submit binding bids for the Citi India consumer businesses before the October 26 deadline, two officials aware of the development told ET. Axis Bank, IndusInd Bank and … Continue reading

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Sharad Vishvanath has joined Korn Ferry as its APAC regional head

NEW DELHI: Sharad Vishvanath has joined Korn Ferry as its APAC regional head for transformation and transaction (M&A) practice. Vishvanath has over 20 years experience across banking and consulting. In his last stint at AU Small Finance Bank, an Indian … Continue reading

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Vedanta acquires management control of Electrosteel Steels

Metal and mining giant Vedanta has acquired the management control of debt-laden Electrosteel Steels. In March, Vedanta was declared as successful resolution applicant by the committee of creditors (CoC) for Electrosteel Steels under the Corporate Insolvency Resolution Process of the … Continue reading

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New India Assurance releases guidelines for Rs 50 lakh insurance coverage for health care providers

New India Assurance released a detailed guideline of the Rs 50 lakh insurance coverage provided to each of the 22.12 lakh health care providers fighting the Covid-19 outbreak across the country on Monday. The move comes following finance minister Nirmala … Continue reading

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Liquidity steps for NBFCs too little, too short-term: Report

The government measures to provide partial credit guarantee to public sector bank on their asset purchases from NBFCs can ease funding pressure only for the short-term, says a report. In the budget, the government had said for purchase of high-rated … Continue reading

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Need to increase credit flow to businesses as economy grows: Modi

Prime Minister Narendra Modi on Friday stressed on increasing credit flow to businesses to meet the needs of a fast reflating economy and said financial products will have to be tailor-made for fintech and startups. He said that although the … Continue reading

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NBFC delinquencies may rise up to 250 bps in FY21: Crisil

Mumbai: Non-banking financial companies (NBFCs) are likely to see up to 250 basis points (bps) increase in their delinquencies in the current fiscal, says a report. The rapid increase in COVID-19 afflictions and intermittent lockdowns will increase asset quality challenges … Continue reading

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India will grow with coordination between Centre, private sector: Sanjiv Bajaj, Bajaj Finserv

It is a question of how we as the private sector keep working with the government, keep pushing them to do more and they do the same with us. That is how this country will grow, said Sanjiv Bajaj, Chairman … Continue reading

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Banks, payment operators want to render “contactless” digital services

MUMBAI: There is a new buzz in India’s highly fragmented digital payments industry. Players across the board – top retail banks, technology companies, ATM manufacturers, Point of Sale (POS) deployers, card network operators and UPI players — are all sensing … Continue reading

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