The country's largest lender State Bank of India (SBI) will revamp its banking application (app) YONO and position it as a complete digital bank (DB) under a new rubric 'Only YONO' for enhancing customer experience and ease of use. The bank plans to bring in a consultant to help draw up the project plan, keeping in mind business goals for the next five years. With 54 million monthly active users (MAUs), SBI YONO has seen growth of over 35 per cent in MAUs in 2021.
The measures passed 236-191 votes immediately drew sharp reaction from the White House.
A few days ago, the Crime Branch had taken jailed gangster Tillu Tajpuriya -- one of the prime conspirators -- in its custody to grill him about Gogi's killing.
The US House of Representatives impeached President Donald Trump by 232 to 197 votes for his role in last week's Capitol Hill riot, making him the first president in American history to be impeached twice.
The headline for corporate profit growth has been very encouraging in the July-September quarter (Q2) of 2023-24 (FY24), with the combined net profit of listed companies up by 38 per cent year-on-year. However, the earnings distribution has been very lopsided, with most of the growth coming from public-sector oil-marketing companies (OMCs), banks, non-bank lenders, automobile (auto) companies, and cement producers. By comparison, companies from information technology services, fast-moving consumer goods (FMCG), retail, and consumer durables were disappointed, experiencing a sharp slowdown in net sales growth and a relatively muted increase in reported net profit.
India's Founding Fathers did not give absolute powers of enforcement to the court. It is most surprising that the Supreme Court has accepted this situation, cleverly designed by the political class to weaken the top court, for all these years without demur, says B S Raghavan.
Why did the company zero in on RBL Bank to understand the business of banking? While the M&M investors heaved a sigh of relief, one gentleman must have been all smiles after this, RBL Bank MD and CEO R Subramaniakumar, notes Tamal Bandyopadhyay.
'The people let off by the NBFCs have little bargaining power and willingly settle for a 20% to 25% cut in their existing salaries when hunting for new jobs.'
Verma, 54, who served as a former US ambassador to India from January 16, 2015, to January 20, 2017 is currently the chief legal officer and head of global public policy at Mastercard.
'If through growth and serving the customer we become number one, we will be very happy and very proud.'
Last year, State Bank had recruited around 25,000 people. The banking major also have plans to go for lateral recruitments in the middle-management level in the current year.
We have not been able to communicate in a very articulate manner and clear manner on the merger as earnings were due, says HDFC CEO.
The recent India Art Fair in New Delhi generated greater interest than before in local contemporary artists among a growing cohort of Indian collectors, including millennials. But growth in Indian art is not restricted to that alone. This year saw 91 exhibitors, a much higher number than 63 in the previous edition - indicating a flourishing market. While live auction sales were largely suspended during Q2 of 2020 due to Covid-19 precautions, global fine art auctioneer Christie's says online-only sales were up 262 per cent in 2020 to $311 million), marking a record total for the channel.
The RBI is of the view that it cannot carry out satisfactory due diligence for granting registration because the funding is from a jurisdiction that has been identified by FATF as having weak measures to combat money laundering and terrorist financing.
Backed by technology banks are expanding the branch network - and adding more to the workforce.
Mathai George George Muthoot joined the family business as an office assistant and in 1979 he became the managing director and group chairman in February 1993.
The bill sanctions Russia -- citing its cyberhacking as well as aggression in Ukraine and Syria -- while also slapping new sanctions on North Korea and Iran.
President Trump, a Republican, however, did not formally concede the election to Biden, saying he would 'continue to fight and will prevail'. He has launched a slew of lawsuits in key states, but has not provided any evidence to back his claims of electoral fraud. Many of the lawsuits have been dismissed by courts.
Rahul Dev Burman's collaboration with Asha Bhosle and Kishore Kumar was unique, but he saved his best for Lata Mangeshkar.
Banking operations including cheque clearance across the country got affected on Monday as bankers under the aegis of the United Forum of Bank Unions have gone on a nationwide strike to protest against the proposed privatisation of two state-owned lenders.
'Just do your best show every day and move from strength to strength.'
The talk of governance reforms at public-sector banks seems to remain on paper, as a majority of them continue to be working with just a handful board members. Half of the board seat at these banks have been vacant. Ten of the 12 public-sector banks, even large ones like Punjab National Bank, Canara Bank and Union Bank of India - all except State Bank of India (SBI) and Bank of Baroda - don't even have a chairman. In 2014, while splitting the post of chairman & managing director (CMD), the government had decided to appoint non-executive chairmen at these banks. SBI, which has an executive chairman and four managing directors, was an exception.
Govt tells PSBs to integrate banking systems, rotate staff as a policy
The dairy major is transforming into a full-fledged F&B and fast moving consumer goods (FMCG) player, reports Vinay Umarji.
'The prowess with which they executed the shootings unmistakably bear the imprint of someone who has had professional training.'
There will be different ways of returning the money, depending on the profile of the depositors and the amount, predicts Tamal Bandyopadhyay.
The crime branch has so far arrested 12 persons, including Republic TV's distribution head and owners of two other channels, in connection with the case.
The top court also held that medical opinion regarding the age of an accused cannot be 'brushed aside' in the absence of statutory proof on the same issue.
The Indian State does not believe in the rule of law. It does not even recognise the need to follow treaties that it itself signed. And so it is refusing to shell out to Cairn; and, as a consequence, has brought on the Paris humiliation, notes Mihir S Sharma.
Those covered under the raids also included gangsters involved in the murder of Punjabi singer Sidhu Moosewala.
The Trump Administration plunged into another crisis on Thursday after reports surfaced that United States Attorney General Jeff Sessions met twice with Russian envoy to Washington during the presidential elections last year.
The court framed charges against Aam Aadmi Party leader Tahir Hussain and 10 others in the case.
The appointments of five governors, including for Arunachal Pradesh and Meghalaya, and Lt Governor of Andaman and Nicobar Islands by President Ram Nath Kovind were announced on Saturday.
Mumbai police and Maharashtra ATS officials on Tuesday questioned the family members of terror suspect Jaan Mohammad Shaikh, arrested for allegedly being part of a Pakistan-organised module, and searched his home in Mumbai, police said.
It further asked the government to make suitable arrangements for smooth functioning of the bank.
The US said that it supports dialogue between India and Pakistan over Kashmir.
If struggling with dealing with queues of people asking for new notes wasn't enough, banks are now facing the challenge of storing the old notes in their strong rooms.
NDA seems to have been seduced by the rise in the stock market and the adulation showered at organised Indian diaspora events, former FM said.
A US court has asked the State Department to respond by December 10 to the objections raised by a rights group over the immunity granted to Prime Minister Narendra Modi in connection with a lawsuit filed against him for his alleged role in the 2002 Gujarat riots.
Dismissed police official Sachin Waze on Friday told an inquiry commission here that IPS officer Param Bir Singh had advised him not to indulge in the "illegal activity of collecting money" for anyone.
