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Banks, end KYC-account freeze nonsense

While law-abiding customers are harassed for KYC and have to comply with endless paperwork even to open and close accounts, DHFL could easily open nearly 260,000 fake home-loan accounts, reveals......

RBI slaps Rs 3 crore penalty on ICICI Bank

A penalty of Rs 3 crore has been imposed on ICICI Bank Ltd for contravention of certain directions, the Reserve Bank of India said on Monday. The RBI has imposed a monetary penalty of Rs 3 crore......

$1-bn outflows: FPIs turn wary of India on worsening Covid virus crisis

Covid-19, US yields, dollar to weigh on equity flows in the near term. Illustration: Uttam Ghosh/Rediff.com After the record-breaking equity inflows in the last financial year (FY21), foreign......

Cloud on banking stocks on NPA concerns amid second wave of pandemic

The Nifty Bank index has come off 15 per cent from its peak in February, underperforming the benchmark Nifty which is down 6%. Illustration: Uttam Ghosh/Rediff.com The second wave of the Covid......

Banks, RIL push Sensex 508 points at close

Axis Bank was the top gainer in the Sensex pack, rallying over 4 per cent, followed by ICICI Bank, UltraTech Cement, HUL, SBI, PowerGrid, Bajaj Auto and Reliance Industries. NSE Nifty jumped 143.65......

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ICICI Lombard to give up to 2-month advance salary to COVID positive employees

The individual can pay back the advance in 6 or 12 monthly instalments at a later date, the company said. The insurance company will also reimburse... ...

https://economictimes.indiatimes.com/industry/banking/finance/insure/icici-lombard-to-give-up-to-2-month-advance-salary-to-covid-positive-employees/articleshow/82479043.cms

Banks, end KYC-account freeze nonsense

While law-abiding customers are harassed for KYC and have to comply with endless paperwork even to open and close accounts, DHFL could easily open... ...

http://www.rediff.com/money/column/debashis-basu-banks-end-account-freeze-kyc-nonsense/20210507.htm

'Advisable to invest in markets now?'

'Is it advisable to invest in the market with a horizon of 3-4 years period?' � Ajit Mishra, vice president, Research, Religare Broking, answers... ...

http://www.rediff.com/getahead/report/advisable-to-invest-in-markets-now-perfin/20210507.htm

How India Inc proves it's good company

India Inc’s leading companies have mounted an unprecedented response in the fight against Covid-19 as the country grapples with the debilitating... ...

https://economictimes.indiatimes.com/news/company/corporate-trends/facing-up-to-pandemic-india-inc-proves-its-good-company/articleshow/82446693.cms

PSBs form 'Alliance' to provide door step banking

Former State Bank of India (SBI) chief general manager and deputy CEO of Reliance Jio Payments Bank, Rajinder Mirakhur has been appointed as CEO of... ...

https://economictimes.indiatimes.com/industry/banking/finance/banking/psbs-form-alliance-to-provide-door-step-banking/articleshow/82433465.cms

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