RBI has constituted an Internal Working Group (IWG) to review the extant guidelines on ownership and corporate structure for Indian private sector banks. As macroeconomic, financial market and technological developments continue to influence the future of banking and transform how the entire banking industry operates, it is felt necessary to […]
Banking & Business
Stressing on the presence of low-cost payment solutions available in India such as NACH, NEFT, UPI etc, the Reserve Bank of India on Saturday indicated the scope of expanding these solutions to other countries. In its note on ‘Oversight Framework for Financial Market Infrastructures and Retail Payment Systems’, the […]
SBI, the largest Indian lender, has announced the re-launch of its ‘SBI Insta Saving Bank Account’ on 12th June 2020. It is an Aadhaar-based instant digital savings account offering a paperless journey with instant digital savings account opening option with requirements of just the Aadhaar and Pan number. The account […]
ICICI बैंक Eros Now के सालाना सब्सक्रिप्शन पर 40 और जी5 के सब्सक्रिप्शन प्लांस पर 25% का डिस्काउंट दे रहा है ऑफर में फार्मेसी सेगमेंट में बैंक ने अपोलो अस्पताल के साथ डॉक्टर टेलिकंसल्टेशन पर 10 % का डिस्काउंट मिल रहा है दैनिक भास्कर Jun 14, 2020, 11:44 AM IST […]
NEW DELHI: Privatisation of any public sector bank (PSB) during the current fiscal is very unlikely due to their low valuations and mounting stressed assets amid the COVID-19 crisis, sources said. At present, four public sector banks are under the RBI’s Prompt Corrective Action (PCA) framework, which puts several restrictions […]
Global alternative assets firm TPG has agreed to invest ₹4,546.80 crore in Jio Platforms Limited for a 0.93% equity stake in the company at an equity value of ₹4.91 lakh crore and an enterprise value of ₹5.16 lakh crore. L Catterton, one of the world’s largest consumer focused private equity […]
If the Indian economy were a person, her income in 2020-21 and 2021-22 would be less than what it was in 2019-20. At least, this is what the latest World Bank forecasts tell us. There is enormous, perhaps unprecedented, economic pain ahead. Both policy and politics will have to play […]
दिनभर की बड़ी खबरें। NATIONAL: राजनीति के साथ देश की हर एक बात यह खबर भी पढ़े: भारत की संस्कृति, संस्कार, संकल्प ने देश को एकता के सूत्र में बांध रखा है: नकवी यह खबर भी पढ़े: लोगों को नस्ल एवं धर्म के आधार पर बांटने वाले खुद को कहते […]
Dalmia Bharat Limited announced its quarterly results on June 13, 2020. Net sales in Q4FY20 stood at Rs2,483cr, which declined by 12.63% yoy from Rs2,842cr in Q4FY19. EBITDA stood at Rs488cr in Q4FY20 that decreased by 27.38% yoy. For Q4FY19, it posted EBITDA of Rs672cr. EBITDA margin as of Q4FY20 […]
The Reserve Bank has today placed on its website the Oversight Framework for Financial Market Infrastructures (FMIs) and Retail Payment Systems (RPSs). The Committee on Payments and Market Infrastructures (CPMI) (earlier known as the Committee on Payment and Settlement Systems (CPSS)) and the International Organisation of Securities Commissions (IOSCO) have […]