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Friday, July 10, 2020

Post-data breach,millions at phishing risk

April 6, 2011 1:20:16 am

Tens of millions of customers and employees of major banks,hotels and retailers are now at risk.

Kotak Mahindra Bank launches interbank mobile payment service

March 24, 2011 3:19:46 pm

Kotak Mahindra Bank launched Interbank Mobile Payment Service (IMPS) for its customers.

RBI likely to raise repo rates: Economist Intelligence Unit

March 10, 2011 7:13:41 pm

'The hike in the repo rate is expected despite the sharp monetary tightening since early 2010.'

Prepaid cards industry may double

February 18, 2011 2:43:00 am

Prepaid cards industry in the country will get doubled in next 2-3 years.

Health insurance claims up over 82% in FY10

February 15, 2011 3:35:09 pm

With more and more Indians opting for health insurance policies,the claims paid by insurance companies jumped over 82 per cent to Rs 7,456 crore in 2009-10.

Banks bet big on mobile phone fund transfer

February 7, 2011 10:45:08 pm

Internet mobile phone payment service is becoming the new buzzword in the banking industry with more and more lenders readying their plans to join the bandwagon.

IIFCL launches infrastructure bonds

February 7, 2011 6:01:57 pm

Indian Infrastructure Finance Company would mop up around Rs 1,200 crore from tax-saving infrastructure.

NREGS is world’s largest financial inclusion scheme

February 4, 2011 1:24:20 am

With over 10-crore savings accounts opened under it,the national rural employment guarantee scheme (MGNREGS) has become the world’s largest financial inclusion programme. Here are stories of people who are now truly financially empowered:

Indian banks boost brand power in 2011

February 2, 2011 3:06:42 am

Building on their strengths,Indian banks have consolidated their position on the Brand Finance’s Top 500 Global Financial Brands 2011,with 13 of the 18 listed banks improving their brand performance against last year.

HDFC hikes floating rates by 25 bps

February 2, 2011 2:20:35 am

Home loan major HDFC on Tuesday hiked interest rates on floating rate home loans by 25 basis points in a move that will make loans costlier for both existing and new borrowers.

HSBC helped NRI hide a/cs in India

January 28, 2011 1:07:55 am

HSBC Holdings bankers conspired with a US man in India; he now faces a 5-yr jail term.

SBI Life Q3 PAT up 2% at Rs 84 cr

January 18, 2011 12:04:09 am

SBI Life set a new milestone by crossing the landmark figure of Rs 300 crore in net profit.

High food inflation set to push up lending and deposit rates

January 11, 2011 1:51:46 am

Banks are bracing for another round of hike in loan and deposit rates. The unexpectedly high food inflation has convinced bankers that more rate hikes are in the offing. Food inflation was at 18.3% for the week ended December 25.

Axis Bank sees churn post Shikha at helm

January 8, 2011 11:33:52 pm

When Manju Srivatsa and Rajagopal Srivatsa quit in December 2010 it was one of the many senior management exits Axis Bank has seen since Shikha Sharma took over the reins of the bank in June 2009.

Banks net interest margins may rise: CARE

January 4, 2011 2:15:03 am

Leading rating agency CARE expected the improvement in yield on advances to outpace the growth in cost of deposits in the banking industry.

50 bps spike in deposit rates likely next week: SBI

December 2, 2010 10:53:22 pm

"Deposit rates could go up by 50 basis points or more," SBI Chairman O P Bhatt," said.

Loan disbursal mechanism should be transparent,says Subbarao

November 26, 2010 1:54:31 am

RBI governor D Subbarao said the mechanism for loan disbursals should always be transparent in view of all the grievances and complaints.

Upward bias in rates,says ICICI

November 17, 2010 1:16:36 am

ICICI Bank sees an upward bias in interest rates,its CEO & MD Chanda Kochhar said on the sidelines of the World Economic Forum that closed on Tuesday.

RBI infuses cash to ease liquidity

October 30, 2010 12:08:08 am

The banks can maintain 24% SLR on Oct 30-31.

Bank nominee not absolute owner of account:SC

October 18, 2010 11:32:47 pm

A nominee can only receive the money of a bank depositor who has died but the person cannot claim to be the absolute owner of the money lying in the account.