Category:

Latest News

Citi, Nasdaq join hands for blockchain project

Reported by | Updated: May 23, 2017

Nasdaq and Citi Treasury and Trade Solutions have introduced a new integrated payment solution that enables straight through payment processing and automates reconciliation by using a distributed ledger to record and transmit payment instructions. The system has been successfully used to complete a number of payment transactions, including Citi’s automated processing of cross-border payments via […]

Uday Kotak reduces stake in bank

Reported by | Updated: May 23, 2017

Uday Kotak, promoter and MD of Kotak Mahindra Bank, has sold 1.80 crore of the bank shares in the open market enabling him to reduce his stake in the bank to below 30% and comply with the Reserve Bank of India direction to do so. He earned Rs 1,687 crore by selling these shares at […]

ICICI Appathon 2017 winners announced

Reported by | Updated: May 23, 2017

ICICI Bank announced the winners of ‘ICICI Appathon 2017’, the second season of its mobile app development challenge. Rupam Das from Bengaluru, Bayesian Conspiracy, also from Bengaluru and Headfitted Solutions from Pune won the top honors for developing the next generation mobile applications. The three winners were picked up from over 3,400 participants including a […]

HDFC Life introduces SPOK

Reported by | Updated: May 23, 2017

HDFC Life launched India’s first life insurance email bot, named SPOK. The bot can automatically read, understand, categorize, prioritize and respond to customer emails that are sent to HDFC Life, within milliseconds. SPOK will enable the insurer to respond to user queries faster and more efficiently and consistently. It will also help generate deeper insight […]

Bijlipay launches QR code enabled POS devices

Reported by | Updated: May 23, 2017

Payment solutions company Bijlipay has become the first Indian company to offer Bharat QR code enabled POS devices. Pradeep Oommen, CEO, Bijlipay, said the company has been providing secure and robust m-PoS machines which are certified on stringent European standards to aid the prime minister’s digitization drive. The intent is to make these POS machines […]

Federal Bank launches Selfie

Reported by | Updated: May 23, 2017

Federal Bank has launched a new trading platform, Selfie, for its customers. The platform has been introduced in association with Geojit Financial Services, a stock trading firm. Geojit has designed the platform and it will manage it. Selfie was formally launched by Jose K Mathew, head – Retail Business, Federal Bank and Sathish Menon, ED, […]

RBI announces new measures to control NPAs

Reported by | Updated: May 23, 2017

The Reserve Bank of India has reconstituted the oversight committee in the light of the Banking Regulation Ordinance 2017 to include more members so that the it can constitute requisite benches to deal with the volume of cases referred to it. The committee set up the Indian Banks Association had 2 members. RBI said it […]

OCBC to launch private bank in Indonesia

Reported by | Updated: May 22, 2017

Singapore’s Oversea-Chinese Banking Corporation (OCBC) has launched an Indonesian private banking unit as the bank expands its wealth management presence in the region. The new onshore unit will be run by OCBC NISP, the Indonesian subsidiary that is 85% owned by OCBC Bank. Its target clients are Indonesians with assets under management of more than […]

New digital bank CLEARLY from Dubai

Reported by | Updated: May 22, 2017

Dubai is set to see the launch of a new digital bank CLEARLY soon. Former Tandem CTO James Greenwood is heading the team of professionals at the bank, which is offering banking ‘at your fingertips’ using a mobile model. The bank will offer account openings in seconds and completely online. Users will be issued a […]

Indiabulls group gets ok to start ARC

Reported by | Updated: May 22, 2017

The Reserve Bank of India has granted a license to Indiabulls Group to operate an asset reconstruction business. Indiabulls Asset Reconstructions, a wholly-owned subsidiary of Indiabulls Ventures, is the first asset reconstruction company in the country to receive regulatory approval under the new 100% ownership rule that was allowed in the recent budget. Earlier, sponsors […]

1 2 382