by AIP Online Bureau | May 18, 2022 | Banking & Bancassurance, Indian News
The Reserve Bank had received 11 applications to set up bank under the Guidelines for ‘on tap’ Licensing of Universal Banks and Small Finance Banks The co-founder of e-commerce company Flipkart Sachin Bansal had acquired a majority stake in Chaitanya in...
by AIP Online Bureau | Apr 23, 2022 | Banking & Bancassurance, Indian News, Policy
Manthan 2022 was held to brainstorm with the top leadership of public sector banks and unlock next-generation reforms while continuing with the EASE journey, the ministry said. The last such exercise was held in 2019. Financial Services Secretary Malhotra urged banks...
by AIP Online Bureau | Mar 27, 2022 | Banking & Bancassurance, Indian News, Policy, Workplace/Employee Benefits
A number of public sector banks, including country’s largest lender SBI, have said that their services may get impacted to a limited extent due to the strike New Delhi: Banking services may be hit partially on Monday and Tuesday as a section of bank...
by AIP Online Bureau | Mar 18, 2022 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Technology, Trends, Facts
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...
by AIP Online Bureau | Mar 6, 2022 | Eco/Invest/Demography, International News, Reinsurance, Risk Management
The threat to banks with over US$100 billion of Russian debt in foreign banks, this raises questions about the risks to banks outside Russia – and the potential for a default to kick off a 2008-style liquidity crisis, where banks panic about the state of other...
