The project will help diversify the work of the bank’s project...
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RBI invites applications for recognition of SROs for account aggregator ecosystem
The account aggregator framework facilitates secure and seamless...
Zolve raises $251 million in its latest equity and debt financing round
The neo bank, which was launched in 2021 and has over 750,000...
HSBC buys virtual plot of land in digital push
HDBC's venture into the virtual world comes as the British-based lender slashes its footprint in the real world, announcing on Tuesday it would cut a further 69 branches in Britain as its customers move online HSBC is the second global bank to invest in a popular...
Indian fintech payment firms have no data advantage over banks: Moody’s
According to Moody's Investors Service, the introduction of the Unified Payment Interface (UPI) in 2017, which allows funds to be transferred instantaneously, has been a key catalyst to the development of digital payments due to the ease of use of apps running on the...
DBS Bank India launches Green Deposits programme enabling institutions to support sustainable projects
The Green Deposits proposition combines all the benefits of a regular fixed deposit with a commitment from DBS to support green and sustainable loans disbursed by the bank Mumbai: In line with its focus on responsible banking, DBS Bank India has announced the launch...
Awaiting govt, RBI guidelines on SWIFT transactions with Russian entities: PNB
SBI is learnt to have issued a circular as it fears that any transaction with entities or sectors under sanction will invite sanctions on it as well. Russia is one of the biggest suppliers of defence products and equipment to India mostly under...
BBB launches programme for improving quality of PSU bank boards
It is expected that the program will help the directors think of the road ahead in the business and elevate themselves to be a source of wisdom and guidance for the management and stakeholders to raise the performance levels of Public Sector Banks in the global...
Ukraine crisis highlights Big Tech’s potential to disrupt daily life
Russia's central bank said last week that cards of banks that fell under international sanctions - including VTB Group, Sovcombank, Novikombank, Promsvyazbank, and Otkritie - would not be able to be used with the digital wallets The disruptions were "striking" and...
“Govt willing to consider insurers demand to be on par with banks for issuing surety bonds” Alamelu
TL Almelu, member, Non-Life, Irdai ''A huge market is available for surety bonds in-country and now, the onus is on the insurance fraternity to come out with products quickly. We have already initiated at authority level discussions with the insurance agencies and...
IRFC raises $ 500 million foreign currency Climate Bond
The funds raised will help Indian Railways to meet its target of carbon neutrality and the wider target set by the government to meet the emission and carbon norms set in COP26. This Transaction makes IRFC the first Central Public Sector Enterprise (CPSE) to list its...
LIC wants to remain IDBI Bank shareholder for bancassurance gain
M R Kumar,chairperson,LIC Elaborating on bancassurance channel, Kumar said LIC has distribution tie up with 58,000 branches of different banks. There is still a lot of scope and headroom for growth on that front, he said adding that the corporation will also be keen...
Age before apps revolt galvanises Europe’s elderly savers
in Britain, the government plans legislation to ensure that the digital banking drive does not cut older people adrift Italy's biggest bank Intesa Sanpaolo, which plans to cut 22% of its branches in the next four years, has struck a partnership to provide basic...