Wednesday, June 3, 2020

Banking & Finance

Reserve Bank of India revised exposure limit for UCBs

The Reserve Bank of India revised the exposure limit of UCBs. Earlier RBI allowed 15% of its capital funds to single borrowers and 40% to a group of borrowers. Now this limit has been revised to...

Cardless ATM withdrawal with YONO (You Only Need One) Cash –State Bank of India

Yono cash has been launched in India by State Bank of India (SBI) YONO Cash was formally launched in Visakhapatnam, YONO Cash through which customers can withdraw money from ATMs without using a card, The YONO Cash...

World Gold Council Report

The World Gold Council its latest report highlights the quantum of gold holding by the different countries. The findings of the report are. India has the 11th largest gold reserve and the current holding pegged at 607...

Eases Business Guidelines for White Label ATMs – RBI

The Reserve Bank of India (RBI) has eased business guidelines for white label ATMs.At present there are eight White Label ATM operators in the country – AGS Transact Technologies Ltd, BTI Payments Pvt Ltd, Hitachi Payment Services Pvt Ltd,...

INDIAN BANKING INDUSTRY : Is it really vulnerable to frauds?

INDIAN BANKING INDUSTRY Is it really vulnerable to frauds? - I f   s o,   w h a t   m a k e s   t h e   i n d u s t r y   s o   v u l n e...

Government to push for consolidation of PSBs

Finance Minister Arun Jaitley has revealed that the government will push for consolidation of the public sector banks once they are recapitalised and strengthened. He said, "We have now undertaken this exercise of recapitalisation of banks within the existing resources....

Postal Department to open 1,000 ATMs by March 2016

With the aim to bring all 25,000 departmental post offices under CBS (core banking system), the postal department has planned to open 1,000 ATMs by March 2016. CBS will enable customers to operate their accounts, and avail banking services...

Women Entrepreneurs: a dire need for India’s development

“To call woman the weaker sex is a libel, it is man’s injustice to woman. If by strength is meant brute strength, then, indeed, is woman less brute than man. If by strength is meant moral power, then woman...

UCBs drudging towards oblivion

Effective intervention is required to infuse life back in the segment A SOUND financial sector is supremely important for the economic health of a nation. The financial sector acts as a bridge for channeling resources from final savers to final...

On slippery ground?

After nearly two years of existence, Mahila Bank struggles to carve a niche INAUGURATED WITH much fanfare on November 19, 2013, with a promise of a bigger leap towards greater emancipation of women, what went wrong with Bharatiya Mahila Bank...
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Latest News

Ozonetel Launches CloudAgentMobile AppFor Call Center Agents

Ozonetel, India’s leading provider of on-demand cloud communication/telephony solutions today announced the launch of all-new CloudAgent Mobile Application. With...
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Kerala brings ordinance to defer Government employees’ salary

In the wake of the financial crisis created by the spread of the Covid-19 pandemic, the Kerala government had decided to defer the payment...

Kerala announces Rs. 3,000 crores agriculture revival package

In a bid to ensure food security and employment generation, Kerala today announced a Rs. 3,000 crores package for the revival of the agriculture...

Wipro and Nutanix Partner to Launch Digital Database Services (DDS)

 Nutanix (NASDAQ: NTNX), a leader in enterprise cloud computing, and Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and...

Rallis India joins the fight against COVID-19 pandemic

Rallis India Ltd., a TATA Enterprise and one of India’s leading Agro Sciences Companies, has undertaken several proactive measures to combat the global pandemic...