RBI has barred JM Financial's NBFC subsidiary from issuing loans against shares & debentures, while SEBI has barred parent firm from being lead manager for any fresh IPO or debt issue.
At 'Viksit Bharat, Viksit Jammu Kashmir' event in Srinagar, Modi rebuked previous governments for corrupt practices that destroyed bank & risked thousands of crores of depositors' money.
Bob World app has 8.1 million daily transactions, while 43% of time deposits are obtained through the app, the bank had said in its quarterly presentation in August.
Learning from the 1997 Asian financial crisis, central banks have been accumulating dollars to help defend their currencies during periods of wild market swings.
Along with Singapore, India may offer a model for creating a platform under central bank supervision that allows personal data sharing, with customer consent, says BIS.
While Guruchandra Vishwas got Rs 900 crore in his account, Asit Kumar got Rs 6 crore. Bank noticed and corrected the mistake soon, but now there are calls for inquiry.
While addressing members of the Confederation of Indian Industry, FM Nirmala Sitharaman also assured that the proposed Development Financial institution will become functional soon.
Fintech startup TAG Innovation is expected to start commercial operations in 2-3 months in a country where 70% of adults, i.e. about 100 million people, don’t have a bank account.
While it began with Manmohan Singh's govt, Aadhaar became the backbone of India’s public digital infrastructure in 2014 when PM Modi combined it with his govt’s Jan Dhan initiative
The private lender's shares tumbled to be top Nifty 50 loser after India's central bank barred it from taking on new customers through online and mobile banking channels.
A next generation extended stand-off air-to-surface missile test fired by IAF, ROCKS has been designed & manufactured by Israeli defence major Rafael, keeping India’s needs in mind.
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