The bank has over 1.15 crore registered mobile banking customers.
The size of the hole in today's banking crisis appears to be roughly 10 per cent of GDP.
Banks are sensing warning signals of potential loan defaults from gems and jewellery exporters as the appreciating rupee continues to dent their profits. Loan accounts of a few diamond and jewellery exporters are already showing signs of stress, with banks receiving delayed payments.
After a 25-year stint at ICICI Bank, Mor suddenly quit as he wanted to add more value in the bigger areas of health care and financial inclusion.
Indians across the country are getting increasingly frustrated and losing their patience with the serpentine queues for banking, ticketing and bill payments.
'We may bite the bullet and draw up plans for privatisation.' 'If that is done now, the sale of the government stake will fetch money; a delay will see erosion in whatever value is left in these banks,' says Tamal Bandyopadhyay.
Bharti Airtel's total revenue for the December 2018 quarter stood at Rs 20,519 crore, just one per cent higher than the Rs 20,319 crore in the corresponding period of the previous year.
Of the total 53,334 cases of frauds reported during 2008-09 and 2018-19 fiscal years, involving a whopping Rs 2.05 lakh crore, a highest of 6,811 cases were reported by the ICICI Bank.
'The no-rate cut policy and preference to wait for the Budget and clarity on the fiscal front demonstrate RBI Governor Shaktikanta Das is maturing in his new role,' notes Tamal Bandyopadhyay.
Nivedita Mookerji finds out how Paytm CEO Vijay Shekhar Sharma is handling his soaring popularity after the note ban as well as the criticism that comes as a package deal.
India Inc is facing threat from non-traditional sources.
The unidentified hackers had executed money transfers on two separate occasions - August 11 and August 13 - which raises the question of why pro-active measures were not taken on the first night itself
Cyber thieves have been using RBI logos to send out mails to cheat customers
The venture is applying to the Reserve Bank of India for approvals.
Stating that pushing GDP growth, which has slipped to 5-year low of 6.8 per cent in 2018-19, is the top priority, President Ramnath Kovind said Modi govt will bring more reforms and raise farm investments to boost growth.
The year 2014-15 could well go as one of long-pending financial sector reforms, expected to have a lasting impact.
Bandhan Bank to fund SMEs, create jobs, says FM
The FMCG index gained more than 1% on the back of stellar gains in ITC.
Now, telcos will be penalised for call drops.
'People, whose sensitive information has been leaked by State agencies or companies having license from UIDAI to access the Aadhaar database, can file suits, collectively or individually.'
'What made him different was that he was not a banker at all by temperament.' 'He was a businessman, a typical lalaji at that.' 'He had to win at any cost.'
India Inc is ready to diversify into unchartered areas.
Don't share information over phone with anyone. Use only official apps. Keep Aadhaar locked unless needed.
'The RBI is not releasing Rs 2,000 notes for the last 10 days; probably they have stopped printing it.'
The insurer has launched a personal health wallet with an aim to motivate people to not only buy health insurance but also stay fit
The goal of the Committee on Comprehensive Financial Services for Small Businesses and Low-Income Households, a panel chaired by Nachiket Mor that submitted its report to the Reserve Bank of India last week, is truly a BHAG.
'Apparently the entire biometric database's demographic data is available, which means that every Aadhaar signup is wide open to identity theft.' 'The commoditisation of the method -- selling the log-in for Rs 500 -- indicates that scammers have already harvested whatever they wanted,' points out Devangshu Datta.
Joint venture to take on Amazon will be announced next week.
As in the past, it is up to the merchants to decide if they will bear the burden of the charge or bill it to the customers. Subhomoy Bhattacharjee reports.
The RBI plans to increase e-smart facility.
Digital transaction players are hurriedly drawing up a memorandum to be taken to the central bank in hope of having a few of the guidelines -- such as full Know Your Customer (KYC) compliance in 12 months -- overturned, reports Karan Choudhury
Banking services across the country were hit on Wednesday by the day-long strike by 10 central trade unions and 14 bank unions, but workers of largest lender SBI and a few other banks stayed off the agitation.
The investment was committed to by Vittorio Colao, CEO of Vodafone Group Plc.
RBI Governor Raghuram Rajan on Friday pitched for incentivisation of domestic savings to boost investments in the country.
Those involved in the discussions say the guidelines for selection of bidders in insolvency cases need to be transparent, otherwise anyone who loses out could take legal recourse, leading to wastage of time and derailing the whole process.
Rajan, as expected, furthered his predecessors' agenda and continued with the same resolution to make India's financial system safer, and direct the economy towards further liberalisation
President Pranab Mukherjee addressed a joint session of Parliament ahead of the budget session which began on Tuesday. Here are the highlights of President Pranab Mukherjee's speech:
Shanghvi needs to deploy this excess cash.
Manoj Sinha will retain his current role in the railways.
The move would help tax authorities get leads on evasion.
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