'Considering that an Internet company's market value is largely determined by its direct access to consumers for digital services, and largely served outside a sovereign country's control, it would appear reasonable in trade terms to discuss fees for a seat at the proverbial 'table' of opportunities in the largest open consumer market,' argues Venki Nishtala.
Indbank Merchant Banking Services Ltd has informed BSE that Calibre Rehabs Ltd (acquirer) has made an open offer to the shareholders of Saptarishi Agro Industries Ltd (target company).
Most public sector banks, flush with deposits now, offer 3-4% interest on savings deposits, while a few private sector banks go up to 6%.
Cardholders must ensure their debit cards are used in their presence.
As a nationwide strike of trade unions hit banking and other services on Wednesday, business chambers pegged the loss to the economy at a staggering Rs 25,000 crore and said such "disruptive" actions can hit India's image as an attractive business destination.
Branch additions for most major banks in the current financial year do not correspond to the number of the past two years.
Endorsement by celebrities such as Aishwarya Rai, Hrithik Roshan among others and increasing awareness among customers are helping stem cell firms grow the brand footprint
NPCI has launched several consumer friendly systems including one that allows users to transfer money to people over mobile phones across India.
This licence will further enhance the niche role Doha Bank is playing and facilitating the movement of trade between Qatar and India.
So keen is Moscow that India buy its helicopter -- Kamov-226T -- that President Vladimir Putin personally took up the issue with PM Narendra Modi during their summit meeting last year
Your nearest grocery shop might soon become a one-stop shop for depositing and withdrawing money.
Sinha, who is steering Sebi efforts to tackle the ponzi menace, said that in regions like West Bengal and North East -- where penetration of banking services is low -- have seen a larger number of people getting trapped in illegal money pooling schemes that promise high returns.
The finance ministry has ruled out the proposal for the appointment of a chief operating officer (COO) of the rank of deputy governor in the Reserve Bank of India (RBI), as the government feels no interim arrangements should be made for such high-profile appointments.
Hitting out at Prime Minister for calling note-ban a 'shuddhi yagna', senior Congress leader Prithviraj Chavan said the move is nothing short of an "uncontrolled forest fire" that has claimed several lives and hit the economy.
Bad loans of PSU banks rose by 28.5 per cent.
Banking services are likely to be affected for the next four days as employees of PSU banks plan to go on a zone-wise relay strike beginning with Southern region from Tuesday, after wage revision talks failed.
These banks are finding it hard to pick up seasoned bankers at the pay they are offering
Unions, which are protesting against FDI in the banking sector, are pressing for various demands.
ICICI bank waives ATM charges.
RBI has already come out with a discussion paper on banking sector in India, on which the regulator has invited comments from stakeholders.
An app by the bank lets customers carry out a slew of banking functions via the social media site.
Kotak Mahindra Bank to have a 19.9% stake in the proposed banking venture.
The question may sound irrelevant, but several public sector banks seem to have a different view.
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According to the survey which drew responses from existing banks, NBFCs, corporate and industrial houses and other stakeholders, the setting up of new banks is considered significant in view of the fact that only 35 per cent of the country's population have formal bank accounts as compared to an average of 41 per cent in other developing economies.
Financial inclusion has been on the top of the govt's top agenda.
In April, RBI had to issue a warning about a mobile application.
Timely preparation and picking the right questions will help you crack these examinations and secure a job.
India does not have a unified regulatory regime to counter Ponzi, or pyramid, schemes whose operators typically grab new deposits to meet their promise of guaranteed returns to existing savers, point out Manoj Kumar and Mayank Bhardwaj.
Modi said there was a need to make transactions 'transparent' in India.
'The rule for millennials is: You can have a career for life.' 'You have to constantly adapt to the needs of the industry to stay relevant.' 'The jobs will be the same, but the skill sets required will be different.' 'Technology will dominate the nature of jobs available in the future.'
The humble Rs 100 bill had several takers on an otherwise normal weekday evening across the country on Tuesday night, even as police had to be deployed outside ATMs to control the crowd waiting eagerly to get their hands on the banknote.
Prime Minister Narendra Modi on Thursday launched his government's mega scheme ' Pradhan Mantri Jan Dhan Yojana', declaring that it was aimed at eradicating financial untouchability by providing bank accounts to the poor.
India's lack of financial inclusion is well known but that slightly more than 50 per cent of the population just has a simple savings bank account is distressing.
South leads; North-East at bottom but moves ahead, finds out the IndiaSpend Team
'People are angry.' 'First notebandi, then GST, now losses on the farm have ruined us.'
For those who are sceptical about using debit or credit cards, even when faced with cash crunch, Adhil Shetty, CEO of BankBazaar.com, lists out a few safe cashless options that can be exercised through mobile phones.
M Muneer recommends segmenting the population on the basis of their propensity to embrace new technologies is the key to driving digitisation.
A bandh to protest against the release of Cauvery waters to Tamil Nadu has brought Karnataka to a standstill on Friday
The RBI has created a stunted business model by which payment banks are supposed to shoulder the noble objective of financial inclusion without being able to make much money.
