Of late it has begun to dawn on the Muslims of the sub continent to do money transactions according to Islamic Shariah where interest based transactions are proscribed. Though, the clergy too remained mired in a confused state vis a vis the current banking system...
Indias largest lender State Bank of India (SBI) said on Friday that its exposure to the Adani Group was well below the Reserve Bank of Indias (RBIs) Large Exposure Framework and was secured by cash generating assets. Mumbai Jan 28,2023: Indias largest lender State...
Banking services across the nation will get affected on November 19, with members of the All India Bank Employees' Association (AIBEA) going on strike, said an official. Chennai, Oct 25,2022: Banking services across the nation will get affected on November 19, with...
Aiming to strengthen the financial inclusion framework in the country, Prime Minister Narendra Modi will dedicate 75 digital banking units (DBUs) to the nation on October 16 at 11 a.m. via video conferencing. New Delhi, Oct 14,2022: Aiming to strengthen the financial...
Credit rating agency Moody's Investors Service on Monday said banks in India, Saudi Arabia and South Africa would post larger increases in margins in FY23. Chennai, June 27, 2022: Credit rating agency Moody's Investors Service on Monday said banks in India, Saudi...
The Reserve Bank of India has launched the 2021-22 round of its annual survey on "Foreign Liabilities and Assets of Mutual Funds and Asset Management Companies", the central bank said in a statement on Thursday. New Delhi, June 2 : The Reserve Bank of India has...
New Delhi, Delhi, India Max Life Insurance Co. Ltd. (“Max Life / “Company”) and Axis Bank Ltd. (“Axis Bank”) have completed twelve years of bancassurance partnership. On this milestone, the companies are aiming to enhance their distribution network in this fiscal. In...
Bank employees are again on the warpath with several major unions of different banks threatening to go on a one or two-day strike in May-end Mumbai: Bank employees are again on the warpath with several major unions of different banks threatening to go on a one or...
Besides LIC, other notables defrauded are: Bank of Baroda (Rs 1,614-crore), EXIM Bank (Rs 1,327 crore), Punjab National Bank (Rs 1,244 crore), Indian Overseas Bank (Rs 1,228 crore) Mumbai: The sensational Rs 22,842 crore mega loan fraud allegedly perpetrated by the...
By Danish Reyaz Although the commercial banking system has propagated to far-flung areas, a large chunk of people, especially the poor, still remain out of their bounds. Reasons are many, including banks own reluctance towards disbursing small loans to these people....