Mumbai, Feb. 26 -- Paytm founder Vijay Shekhar Sharma has stepped down as non-executive chairman of Paytm Payments Bank as the lender overhauls its board in the face of regulatory strictures. Sharma ... Read More
Mumbai, Feb. 24 -- The Reserve Bank of India has recently asked a card network to pause payments under a system that allowed corporates to make card payments to certain other businesses. While the re... Read More
Mumbai, Feb. 23 -- The frenzy for credit is forcing banks to issue costly certificates of deposit and tap a central bank window for money, at a time of scarce liquidity and weak deposit growth. The g... Read More
Mumbai, Feb. 21 -- At the peak of India's covid-19 lockdown in June 2020, a cop was caught on video assaulting a female banker inside a branch in Surat, Gujarat. A video of the incident soon went vira... Read More
Mumbai, Feb. 20 -- Reserve Bank of India officials have called upon private companies to lead the way in expanding capital expenditure, a space dominated by large government spending. The corporate s... Read More
Mumbai, Feb. 20 -- India's largest private sector lender HDFC Bank does not plan to grow "just for the sake of market share", chief executive Sashidhar Jagdishan said on Monday, a month after the lend... Read More
Mumbai, Feb. 19 -- Keeping savings bank interest rates largely unchanged amid rising policy rates since mid-2022 has been shrinking the share of current and savings accounts (Casa) in banks' overall d... Read More
Mumbai, Feb. 19 -- Keeping savings bank interest rates largely unchanged amid rising policy rates since mid-2022 has been shrinking the share of current and savings accounts (Casa) in banks' overall d... Read More
Mumbai, Feb. 18 -- Keeping savings bank interest rates largely unchanged amid rising policy rates since mid-2022 has been shrinking the share of current and savings accounts (Casa) in banks' overall d... Read More
Mumbai, Feb. 16 -- The Australia and New Zealand Banking Group (ANZ) plans to open a fourth branch in India at Gift City in Gujarat as it sees customers building their operations at the international ... Read More