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How banks have strengthened their technology prowess to provide hyper-personalised baking services

In this new age, personalization is not just another checkbox, but the very key to engaging with the end user.By Neeraj SinhaIn this new...

Indian Overseas Bank appoints E&Y as digital consultant

Indian Overseas Bank (IOB) appointed Ernst & Young as a digital consultant to achieve the goal of increasing the share of digital services.IOB said...

SC issues guidelines for cheque bounce cases, asks govt to amend laws

Of the 2.31 crore pending criminal cases, 35.16 lakh relate to failed checks. According to the amicus curiae, the backlog of cases is...

Credit card issuances decline in Feb; ICICI Bank leads new issuances

SBI Card and ICICI Bank recorded an 80-110 basis point (bps) increase in market share for cards in circulation to 19% and 16.8%, respectively,...

After blockchain test in space, JPMorgan offers solution to improve global funds transfers between banks

The new solution will result in reduced costs for both issuing and receiving banks.Weeks after experimenting with blockchain-based payments between satellites in space to...

ESAF SFB mops up Rs 162 crore via pref allotment of shares

According to the unaudited results, the bank achieved an annual growth (year-on-year) of 25.86% of its gross business in fiscal year 21.The ESAF Small...

HDFC Bank net up 18% on higher other income

On a pro forma basis, the gross NPA ratio fell by 4bp compared to 1.36% at the end of December 2020.HDFC Bank on Saturday...

HDFC Bank Q4 net profit jumps 18% on-yr; board decides against declaring dividend in Mar 2021 amid COVID surge

HDFC Bank reported an 18.2% yoy jump in stand-alone net profit to Rs 8,186.51 crore for the January-March quarter of fiscal 21. The company...

RBI reveals names of applicants for universal bank, SFB licences

The Universal Banking Licensing Guidelines state that resident individuals and professionals with 10 years experience in banking and finance at a senior level are...

Monsoon session: Govt to amend key PSB privatisation laws

The plan, according to official sources, is to opt for amending the relevant laws all at once, so that the PSB privatization process is...

‘Data helped us expand borrower base in supplier finance segment’:

Mridula Iyer, Head - Treasury & Trade Solutions (TTS), Citi South AsiaThe use of data and analytics has enabled Citi to expand its borrower...

Banks to remain closed on April 14 in these cities, open in these 7 states; check full list

Although banks in most states will remain closed on Wednesday, services such as ATM access, mobile banking and online banking will remain available.Banks will...