Watch: Rs 30 lakh robbed by suspects from Gramin Bank in Bihar’s Arrah

Around 6-7 suspects carried out robbery in South Bihar Gramin Bank of Bihar’s Arrah town on November 18. The incident was captured on a CCTV camera. The suspects carried robbery of Rs 30 lakh 26 thousand from South Bihar Gramin Bank.

With RBI intervention, SBI waives NEFT and RTGS charges

State Bank of India on Friday announced waiving charges on IMPS, NEFT and RTGS transactions through internet and mobile banking after the Reserve Bank of India decided to do so in a bid to move the country towards a less-cash economy.

₹ 700 billion and counting: RBI struggles to revive sluggish economy

RBI’s ₹ 700 bn cash infusion in April was unable to revive the economy, further efforts are expected to continue.

Fintech startup Shubh Loans disburses loans worth $15mn in FY 19

Fintech startup Shubh Loans crosses $15mn loan disbursal in 2018-19 Shubh Loans, India’s leading mobile money lending startup, has just closed on a successful financial year and has set its aim right for the FY 2019-20. The company aims to…

Power of Three: To Save One

In a bid to have a banking environment with fewer but healthier lenders, India witnessed its first ever merger of 3 public sector banks. HEAD SHOT In the first 3-way merger in the country’s history, two smaller public sector banks,…

Protection for Employees, Bloodshed for Investors

Employees will be spared the pink slips post the three-way merger of Vijaya Bank and Dena Bank with Bank of Baroda, as per the diktats of political expediency. But the deal certainly isn’t good for shareholders. The merger of Vijaya…

2019: The year that separates the Men from the Boys

The NBFC sector starts the year on a fragile note, with a crisis of confidence and liquidity impacting growth and profitability. Only those firms with strong balance sheets and sound business models will prevail Uday Kotak, Executive Vice Chairman and…

RBI says haste in easing norms for banks- harmful to economy

RBI warns on easing banking norms in haste The Reserve Bank of India (RBI) has said that any kind of decision to ease the regulations on capital adequacy and risk weights at a time when defaults are high and provision…