Search Results for: retail lending

Coronavirus: Bengaluru Police raids 210 shops black-marketing masks, sanitisers

Over 200 medical shops were raided in the city for allegedly selling masks and hand sanitisers at exorbitant prices, cashing in on soaring demand due to Coronavirus outbreak.

Mar 15, 2020

Good news for depositors as Moratorium on Yes Bank to be removed on March 18

On March 5, the Reserve Bank of India superseded the board of Yes Bank after it was unable to raise fresh capital.

Mar 14, 2020

Brazilian President Jair Bolsonaro's communications chief Fabio Wajngarten with US president Donald Trump

Coronavirus Scares: Trump might be infected, Ivanka in self-isolation after Brazil meetings

US president Donald Trump denies responsibility for administration failures earlier during the coronavirus outbreak and declares national emergency to allocate $50 billion in federal resources to fight out the viral spread of the pandemic. Meanwhile, Ivanka Trump chooses self-isolation after meetings with the Australian Home Affairs Minister Peter Dutton and Brazilian communications director, Fábio Wajngarten who were later tested Covid-19 positive.

Mar 14, 2020

SBI, ICICI Bank, HDFC Bank, LIC, others to invest Rs 11,700 crore to revive Yes Bank

Public-sector undertaking State Bank of India will be joined by seven other private lenders namely HDFC Bank, ICICI Bank, Kotak Bank, Axis Bank, Damani, Jhunjhunwala, and Azim Premji Trust to pick up stake and support revival of Yes Bank. LIC has also been roped in by the RBI to revive the private-sector lender

Mar 13, 2020

Here's why SBI cut interest rate on its saving banks account to 3%, issued AMB waiver

State Bank of India (SBI) has cut the interest rates on its savings bank account to 3 per cent and has also done away with the need for customers to maintain an average quarterly balance.

Mar 13, 2020

Flipkart, Unacademy, Meesho and Zerodha issue work from home mandate due to coronavirus

In one of corporate India's biggest work from home experiments battling the spread of coronavirus, Flipkart mandates its 11,000-strong workforce to work-from-home for the next three days. Also, Bengaluru-based startups - Fintech player Instamojo, edtech player Unacademy, Urban mobility platform Bounce, social commerce firm Meesho and Zerodha have asked their staff to mandatorily work from home.

Mar 13, 2020

Coronavirus scares: Contingency planning on top of the agenda for global financial firms

Large financial institutions and corporates are ramping up their contingency planning efforts to combat the spread of coronavirus amongst its staffers, which include telling them to self-quarantine for 14 days if exposed to someone suffering from the virus, deep cleaning of offices and splitting operations such that some staff can work-from-home in affected regions.

Mar 12, 2020

SBI removes minimum balance charges for all saving accounts

SBI had already announced slashed MCLR or marginal cost of fund-based lending rate by up to 15 basis points that would come into effect from March 10.

Mar 12, 2020

Founder and former managing director of Yes Bank Ltd, Rana Kapoor

Yes Bank crisis explained: What led to the downfall of India's fifth largest private lender?

An RBI moratorium was the last resort to ensure Yes Bank lives through its crisis of deteriorating financial health and a huge pile of bad credits, while State Bank of India stepped in to save the bank by suggesting schemes of reconstruction or amalgamation.

Mar 7, 2020

Have an account with Yes Bank? Here's what you can do

Retail depositors with their money with Yes Bank across the country are in a state of panic and have been withdrawing money as much as they can.

Mar 6, 2020

Schemes by Ministry of Finance for Women Empowerment in India

Women's Day 2020: Women empowerment schemes in India since 2014

Besides allocation of Rs. 16712.72 crore under the Stand-Up India scheme for women empowerment, the Ministry of Finance has launched various schemes with special provisions to benefit women and help them accentuate their dreams in the last six years, since 2014.

Mar 3, 2020

Apple announces price hike on iPhones: These devices to become costlier

Apple has announced to increase the prices of iPhone 11, iPhone 11 Pro Max, and iPhone 8 models in India citing changes made to import duties in the Union Budget 2020.

Mar 2, 2020

Govt notifies National Policy on Biofuels 2018, aims to utilise, promote domestic production

Government of India has notified the National Policy on Biofuels 2018 which inter-alia envisages increase usage of biofuels in the energy and transportation sectors of the country.

Mar 2, 2020

Government asks banks to process 1.18 lakh pending PMEGP loan applications by March 15

Banks were asked by the Government to release the loans in approved cases immediately. The financial institutions are requested to take up about 1.18 lakh pending PMEGP loan applications latest by March 15, with special emphasis on the North Eastern Region (NER).

Mar 2, 2020

Fact checking reports of ATM recalibration to phase out Rs 2,000 notes

Recent reports of Rs 2000 notes to be withdrawn from most bank ATMs are false. Nirmala Sitharaman clarifies, no such instructions have been provided to banks yet.

Feb 28, 2020

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Search Results for: retail lending

Coronavirus: Bengaluru Police raids 210 shops black-marketing masks, sanitisers

Good news for depositors as Moratorium on Yes Bank to be removed on March 18

Coronavirus Scares: Trump might be infected, Ivanka in self-isolation after Brazil meetings

SBI, ICICI Bank, HDFC Bank, LIC, others to invest Rs 11,700 crore to revive Yes Bank

Here's why SBI cut interest rate on its saving banks account to 3%, issued AMB waiver

Flipkart, Unacademy, Meesho and Zerodha issue work from home mandate due to coronavirus

Coronavirus scares: Contingency planning on top of the agenda for global financial firms

SBI removes minimum balance charges for all saving accounts

Yes Bank crisis explained: What led to the downfall of India's fifth largest private lender?

Have an account with Yes Bank? Here's what you can do

Women's Day 2020: Women empowerment schemes in India since 2014

Apple announces price hike on iPhones: These devices to become costlier

Govt notifies National Policy on Biofuels 2018, aims to utilise, promote domestic production

Government asks banks to process 1.18 lakh pending PMEGP loan applications by March 15

Fact checking reports of ATM recalibration to phase out Rs 2,000 notes

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]