Banking & Accounting RBI questions Axis Bank on its proposed joint venture with Max Life subsidiary July 31, 2020 Ashwin Manikandan, Saloni Shukla, & PavanBurugula, ET Bureau Mumbai: The Reserve Bank of India has questioned Axis Bank about the terms of its proposed deal to form an Read more
Banking & Accounting Bharti AXA General gets Rs 800 cr crop insurance mandate from Maharashtra, Karnataka govts July 24, 2020 PTI MUMBAI: Private non-life insurer Bharti AXA General Insurance on Thursday said it has received Rs 800 crore worth crop insurance mandate from Maharashtra and Karnataka governments Read more
Banking & Accounting SBM Bank India, Mastercard to facilitate cross border transactions, remittances July 7, 2020July 7, 2020 PTI Government of Mauritius-promoted SBM Bank India and global payments technology major Mastercard have joined hands to facilitate cross-border payments and remittances services, Read more
Banking & Accounting COVID-19 caused huge demand destruction overseas: Bankers July 6, 2020July 6, 2020 PTI The COVID-19 pandemic has caused “demand destruction” in the overseas markets and it is likely to continue for the next few quarters, eminent bankers said on Saturday. Read more
Banking & Accounting Canara Bank ‘cheated’ of Rs 174.89 Cr: CBI searches premises of Punjab Basmati Rice Ltd in Amritsar July 3, 2020July 3, 2020 PTI The CBI carried out searches on Thursday at the premises of Punjab Basmati Rice Limited and its directors, booked for allegedly cheating the Canara Bank to the tune of Rs 174.89 crore, officials said. Read more
Banking & Accounting RBI asks banks to speed up ATM upgrades as deadline looms large July 2, 2020July 2, 2020 Ashwin Manikandan, Saloni Shukla, ET Bureau Indian banks are staring at penalties over missed deadlines on compliance with ATM security and cash management norms introduced by the Reserve Bank of India over the last two years which banks Read more
Banking & Accounting Yes Bank to auction properties of Essel Infra, SKIL Infra in July to recover dues July 1, 2020July 1, 2020 PTI Yes Bank will next month auction properties of Essel group firm Essel Infraprojects and SKIL Infra to recover dues of Rs 1,368.16 crore. Read more
Banking & Accounting No plans to sell non-core assets during this fiscal: PNB Chief June 29, 2020June 29, 2020 PTI There are no plans to sell non-core assets, including subsidiaries, in the current financial year, Punjab National Bank managing director S S Mallikarjuna Rao has said. Read more
Banking & Accounting Indiabulls Group’s employees personal details leaked on the dark web: Cyble June 25, 2020June 25, 2020 Anandi Chandrashekhar, Kailash Babar, ET Bureau Personal details of Indiabulls Group employees were leaked on the dark web on Wednesday by ransomware attackers, according to US-based cyber security firm Cyble. Read more
Banking & Accounting Cooperative banks to be brought under RBI supervision June 24, 2020June 24, 2020 Gulveen Aulakh, ET Bureau The Union Cabinet approved inclusion of co-operative banks under supervisory powers of the Reserve Bank of India, while announcing a Rs 1,542 crore year-long interest subvention scheme for micro loan borrowers. Read more