All posts by banking

Federal Bank, Mashreq Bank in tie-up

Reported by | Updated: May 10, 2021

Federal Bank has entered into a strategic tie-up with UAE’s Mashreq Bank to facilitate money transfers from the UAE to India. The partnership will support Mashreq’s faster payment product, QuickRemit, which was launched in 2017. Mashreq and has a presence in 12 countries across Europe, US, Asia and Africa. It is also the only privately-owned […]

NPCI not to ban cryptocurrency

Reported by | Updated: May 10, 2021

The National Payments Commission of India (NPCI) said it will not ban cryptocurrency transactions. It said it is up to the banks in the country to take a decision on this issue and such a decision should be based on legal and compliance requirements. Some cryptocurrency exchanges in the country had earlier complained that payment […]

Sudatta Mandal is Dy MD at SIDBI

Reported by | Updated: May 10, 2021

Sudatta Mandal has taken charge as the Deputy Managing Director of SIDBI. The appointment is for a period of 3 years. Mandal was in EXIM Bank and was functioning as its Chief General Manager when he was selected for the SIDBI assignment. He has more than 25 years of experience in international trade and investment […]

Bank mergers lead to closure of 2118 branches

Reported by | Updated: May 10, 2021

Some 2118 branches of 10 public sector banks have either been closed or merged with other banks in the last fiscal, according to an RTI reply. The largest number of branches closed or merged are that of Bank of Baroda -1283. In contrast, Bank of India and UCO Bank did not close any branches in […]

Madhu Malhotra is CTO at Edelweiss Insurance

Reported by | Updated: May 10, 2021

Edelweiss General Insurance has appointed Madhu Malhotra as its Chief Technology Officer. She will oversee the technology functions at the company and drive digital innovation in line with the brand’s strategy of transforming the insurance landscape in India through tech driven solutions and offerings, the company said in a release. Malhotra has about her decades […]

Kotak Bank is digital payments partner for eNAM

Reported by | Updated: May 10, 2021

Kotak Mahindra Bank has been selected as a digital payments partner by the National Agriculture Market (eNAM), a pan-India electronic trading portal for farm produce. The bank will enable and facilitate online transactions for all stakeholders on the eNAM platform, including farmers,traders, and farmer producer organisations (FPOs). Under this initiative, the bank will provide payment, […]

Tilt towards women borrowers

Reported by | Updated: May 10, 2021

Capri Global Capital offers products that are fine tuned for women and incentives for regular repayments: While the estimated annual requirement for financial support to women-owned or managed enterprises in India is $29.16 billion, the annual supply of credit to them, from all formal sources, is estimated to be the only $9 billion. Capri Global […]

The gender-agnostic approach needs to change

Reported by | Updated: May 10, 2021

Dr. Jasmine Gupta, National Digital Bank Head at Equitas Small Finance Bank, and National President – Financial Inclusion Council at Women’s Indian Chamber of Commerce and Industry (WICCI), shares insights on how financial services can be made women friendly: Ravi Lalwani: Please share some of your thoughts on innovation in financial products for women? Jasmine […]

CorpComm in Overdrive

Reported by | Updated: May 7, 2021

Shefali Khalsa, Head – Brand and Marketing at SBI General Insurance & Flovie Martins, Head, Corporate Communications at Future Generali India Life Insurance Co, discuss the corporate communication & PR trends in the insurance industry: Ravi Lalwani: How has the corporate communication / PR role changed in the last 12 months in your organization? Shefali […]

Social, Digital & Financial Inclusion

Reported by | Updated: May 7, 2021

Laxmibai Mahila Bank’s digital services and educational activities are attracting women customers: Laxmibai Mahila Nagrik Sahakari Bank in Gwalior is an example of women empowerment, not just in the city but in the whole of Madhya Pradesh. The vision of the bank is to make women self-employed. Alka Shrivastava, President, explains: “What was good for […]

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