» Banking News

Banking

SBI, HDFC, Kotak Mahindra, PNB, other bank customers beware: Got 'reward point', offer messages? Do this

SBI, HDFC, Kotak Mahindra, PNB, other bank customers beware: Got 'reward point', offer messages? Do this

Sun, Jan 06, 2019

Bank fraud alert: With a rise in digital dependency and cashless transactions, these frauds have become common. There are number of cases registered for such cases where, customers complaint bank officials about promised rewards, jackpots and vouchers.

More >
SBI, ICICI, Axis, Yes, Bank of Baroda, Citi account holder? Don't make this mistake or you will lose money

SBI, ICICI, Axis, Yes, Bank of Baroda, Citi account holder? Don't make this mistake or you will lose money

Fri, Nov 09, 2018

Customers of banks like State Bank of India (SBI), ICICI Bank, Axis Bank, Yes Bank, Bank of Baroda, Citi, and Indian Overseas Bank have been under threat of being trapped in fake app downloading fraud.

More >
What happens to your money when banks lose to frauds: Key safeguards for freedom from woes

What happens to your money when banks lose to frauds: Key safeguards for freedom from woes

Wed, Aug 15, 2018

On the consumer banking side according to a May 2018 study by payment company FIS, conducted across multiple countries, 18% Indian consumers became victims  to  banking frauds. 

More >
India moves toward Blockchain Technology; Here's how it will revolutionize banking system

India moves toward Blockchain Technology; Here's how it will revolutionize banking system

Sat, Jun 30, 2018

Ever since the Finance Minister mentioned blockchain technology in his budget speech, the distributed ledger technology has found its way into mainstream attention and prominence. 

More >
Bank strike tomorrow; Your ATM transactions, pay withdrawal to take a hit as 1 mn officers to stop work

Bank strike tomorrow; Your ATM transactions, pay withdrawal to take a hit as 1 mn officers to stop work

Tue, May 29, 2018

The strike is carried on the back of a salary hike demand of 2% made by the Indian Banks Association (IBA).  

More >
SBI minimum balance penalty charges cut by 75 pct, but retains limit

SBI minimum balance penalty charges cut by 75 pct, but retains limit

Wed, Mar 14, 2018

Last April, the nation's largest lender had re-introduced the penal charges on non-maintenance of average monthly balance, after a gap of five years. Later in October, the bank had revised down the charges to some extent.

More >
Privatise public sector banks, here's why

Privatise public sector banks, here's why

Tue, Mar 13, 2018

11 out of 21 PSBs are under the RBI's 'prompt corrective action' plan. Banks have to recall $6 billion bail-in bonds.$207 billion in corporate bad debt are waiting to be sold in bankruptcy proceedings.  

More >
India tops Big Data and Analytics adoption in APAC region: Oracle

India tops Big Data and Analytics adoption in APAC region: Oracle

Sat, Feb 24, 2018

When it comes to the Next-Gen trends in the Big Data space, adoption, customer interaction and operational excellence are growing rapidly among Indian enterprises

More >
Market manage to end with gains, up 131 points for the week

Market manage to end with gains, up 131 points for the week

Sat, Feb 24, 2018

Ripples of massive PNB scam continued to drag the market momentum during the week trade

More >
Global cues, buying support lift equity indices to new highs

Global cues, buying support lift equity indices to new highs

Fri, Jan 12, 2018

Key Indian equity indices on Friday provisionally closed at fresh highs riding on broadly positive global cues, along with buying support from oil and gas, banking and capital goods stocks.

More >
Sensex rises 158 points in early trade

Sensex rises 158 points in early trade

Wed, Jan 03, 2018

The benchmark Sensex staged a strong come back in early trade today gaining over 158 points on widespread buying by participants in banking, auto, pharma and oil and gas stocks.

More >
Panic over proposed FRDI Bill is misplaced: SBI Ecowrap

Panic over proposed FRDI Bill is misplaced: SBI Ecowrap

Thu, Dec 21, 2017

Seeking to clear the confusion in the public domain, the report said, "First, whether the concept of bail-in is justified in Indian context. Such strategy is similar to the strategies adopted by EU countries like Cyprus whose per capital income is 14 times higher than India.

More >
NBFC P2P lending needs to demonstrate viability to sustain business model

NBFC P2P lending needs to demonstrate viability to sustain business model

Thu, Nov 16, 2017

The Peer to Peer lending lending involves matching of borrowers and investors via an online platform managed by P2P operator 

More >
Gender pay gap in India's manufacturing sector touches 30%

Gender pay gap in India's manufacturing sector touches 30%

Tue, Jul 18, 2017

The lowest paid sector in India also has a huge pay gap crisis. Monster India report showed a near 30% wages disparity in the sector.  

More >
Panasonic eyes Rs 1,150 crore revenue from B2B segment in FY18

Panasonic eyes Rs 1,150 crore revenue from B2B segment in FY18

Sun, Jun 04, 2017

Consumer electronics major Panasonic India is eyeing a revenue of Rs 1,150 crore from the business- to-business (B2B) segment in the current fiscal at a growth of 35 %, a company official said.

More >
Hiring activity sees modest decrease of 2% in January, says Naukri.com

Hiring activity sees modest decrease of 2% in January, says Naukri.com

Mon, Feb 13, 2017

Naukri.com's recently released Jobspeak Index for January 2017 stood down 2% at 1,707 as compared to 1,748 in January 2016. 

More >
Demonetisation to push IT spending of banking and securities firms to $8.9 billion in 2017

Demonetisation to push IT spending of banking and securities firms to $8.9 billion in 2017

Fri, Feb 10, 2017

IT services will grow the fastest at 13.8% in 2017, as firms in the banking and securities industry invest more in business processes, specifically in business process outsourcing.

More >
Ad spends will stablise by the third quarter of 2017: SK Swamy, ASCI

Ad spends will stablise by the third quarter of 2017: SK Swamy, ASCI

Tue, Jan 03, 2017

The banking sector has lowered their ad spends in the two months since demonetisation, says Swamy.

More >
Watal Committee on Digital Payments: Here are 13 recommendations

Watal Committee on Digital Payments: Here are 13 recommendations

Tue, Dec 27, 2016

The committee to review the framework related to digital payments under Ratan Watal, Officer of Special Deputy in the Ministry of Finance, presented its report to the government on Tuesday.

More >
TCS once again bags leadership in Everest group banking AO peak matrix

TCS once again bags leadership in Everest group banking AO peak matrix

Wed, Sep 07, 2016

It said in a statement that, "TCS was recognized for its industry leading domanin solutions, strong delivery and execution capabilities and success in both mid and large client segments. " 

More >