Bandhan Bank announces Rahul Parikh as its digital head to spearhead digital banking business
As the chief marketing & digital officer, Parikh will be responsible for the digital banking business and for building a strong digital backbone to support the bank's growth.
RBI may pick Lakshmi Vilas Bank CEO from names given by bank
Shareholders of Lakshmi Vilas Bank, led by institutions, unexpectedly voted agai...
Indian banking system will face challenges in next 12-18 months: DBS Bank CEO Piyush Gupta
Global ratings agency Fitch has estimated that Ind...
RBI appoints D K Kashyap as director on board of Dhanlaxmi Bank
In a regulatory filing, Dhanlaxmi Bank said the banking sector regulator through a letter dated September 28, 2020, has appointed D K Kashyap, General Manager, Reserve Bank of India, Bengaluru Regional Office as Additional Director on the board of the bank.
Changes in banking regulation law aimed at improving governance in cooperative banks: FM
Moving the Banking Regulation (Amendment) Bill, 2020 in the Lok Sabha, Sitharaman said the government was compelled to come out with an ordinance during the lockdown period as the condition of the cooperative banks was "grave".
Some developments in Dhanlaxmi Bank warrant immediate corrective steps: AIBOC to RBI
In a letter written to RBI Governor Shaktikanta Das, All India Bank Officers' Confederation (AIBOC) said it is a well-known fact in the banking industry that misplaced priorities and supervisory laxities had wreaked havoc on Dhanlaxmi Bank a decade ago.
State Bank of India planning to monetise its integrated digital banking platform YONO
The country's largest bank may soon carve out the digital platform into a separate entity, he said at a CII event. "The work has started," the chairman said.
RBI approves 3-member committee of directors to manage Lakshmi Vilas Bank
The development comes a few days after its shareholders rejected the appointment of seven directors, including the Managing Director, Chief Executive Officer and auditors at the annual general meeting.
Reserve Bank ropes in Amitabh Bachchan for customer awareness campaign
The regulator has been running the campaign for more than a year not only in English and Hindi but in various regional languages for maximum reach. It keeps on repeating the message so that people don't forget their rights and responsibilities.
Reserve Bank of India looks to sort out e-KYC matter for non-bank lenders
The government has been hesitant to give non-banks entities the access to the Unique Identification Authority of India’s (UIDAI) database following the complaints of misuse of it
As digital pay opens up, so do banking frauds
Last year around this time, a Singapore-based cybersecurity firm Group-IB had flagged that nearly 1.3 million debit and credit card data of Indian banks are on sale for a whopping $130 million.
Axis Bank partners with Bayer's better life farming (BLF) initiative in India
Digital financial solutions and doorstep delivery of these services will be part of the bank's offering to ensure convenient and hassle-free transactions. These solutions will be offered through Bayer's BLF centres, owned and operated either by a farmer producer organisation (FPO), federation, agri-graduate or a local farmer or entrepreneur.
HDFC Bank looks to increase number of banking correspondents to 25,000 by March
The bank is looking at its tie-up with the government's common services centres (CSCs) to expand its BC network.
Finance Ministry may provide capital support to some PSBs in third quarter
The fund infusion would be for meeting regulatory capital requirements if the need arises in October-December quarter. In 2019-20, the government infused Rs 70,000 crore into PSBs to boost credit for a strong impetus to the economy.
States ping banks, payment companies to adopt contactless solutions
Uttar Pradesh, Gujarat and Rajasthan transport bodies have issued tenders for contract, calling for bids from banks and digital service providers to help scale their technology requirements to offer contactless ticketing and payment solutions in bus fleets.