All posts by banking

Prashant Prabhakaran to head Yes Securities

Reported by | Updated: January 9, 2021

Yes Securities, the wholly-owned investment banking, merchant banking, wealth broking & investment advisory subsidiary of Yes Bank, has elevated Prasanth Prabhakaran, Joint MD & CEO, as the new Managing Director and Chief Executive Officer. He has been heading the Wealth Broking & Investment Advisory and Institutional Equities business. In addition to the existing portfolio, he […]

DBS Bank introduces Travel Now initiative

Reported by | Updated: January 9, 2021

DBS Bank India said it has introduced ‘Travel Now’, a one-stop travel marketplace within the digibank app. The new feature enables customers to browse and book flights, bus tickets and hotels across hundreds of destinations within and outside of India. Customers can also opt for travel insurance, offered by Bharti AXA General Insurance, with an […]

Bank of Baroda starts WhatsApp banking

Reported by | Updated: January 9, 2021

Bank of Baroda has introduced WhatsApp banking providing facilities to its customers in balance inquiry, mini statement, cheque status enquiry, cheque book request, blocking of a debit card, information on the bank’s products and services. The bank said even non-customers can use this platform for queries related to the bank’s products, services, offers and location […]

RBI sets up CoS to strengthen supervision

Reported by | Updated: January 9, 2021

The Reserve Bank of India said it is fully operationalising a College of Supervisors (CoS) to further strengthen supervision over regulated entities. The Cos will be headed by former deputy governor N.S. Viswanathan and will have 5 other members – former State Bank of India Managing Director Arijit Basu, former HDFC Bank Deputy Managing Director […]

NAFCUB AGM held in Delhi

Reported by | Updated: January 9, 2021

National Federation of Urban Cooperative Banks and Credit Societies (NAFCUB) held its 44th Annual General Meeting in New Delhi recently and delegates from across the country participated in it.  Jyotindra Mehta, President, NAFCUB, presided over the meeting. Mehta told the participants the biggest achievement of NAFCUB was the approval from RBI to NAFCUB to promote […]

IDBI Intech to offer its products under CaaS

Reported by | Updated: January 9, 2021

IDBI Intech and Yotta have joined hands to offer IDBI Intech’s i-Reconciliation (i-Recon) and i-Anti-Money Laundering (i-AML) applications under the ‘Compliance as-a-Service’ umbrella. These services will address the growing challenges of regulatory compliance as mandated by RBI while keeping the operational complexities and costs low for the banks, insurance companies and NBFCs. These services will […]

U GRO Capital seeks patent for its score card model

Reported by | Updated: January 9, 2021

Small business lending fintech platform U GRO Capital said it has filed an application with the Indian Patent Office for its distinguished methods and systems for modeling scorecards. This has allowed the company to penetrate in a highly unstructured segment, which is driven by physical processes. The model tackles the unavailability of an appropriate MSME […]

Shivalik Coop Bank is first to get SFB license

Reported by | Updated: January 9, 2021

Shivalik Mercantile Cooperative Bank, a multi-state urban cooperative bank in Uttar Pradesh, has become the first cooperative bank to get a license from the Reserve Bank of India to convert itself into a small finance bank under the transition scheme announced by the regulator. It proposes to start functioning as a small finance bank from […]

J. Venkataramu takes over as MD & CEO at IPPB

Reported by | Updated: January 8, 2021

J. Venkatramu has formally taken charge as MD and CEO of India Post Payments Bank. His appointment actually is effective from 29 October 2020. The former Chief Digital Officer at Equitas Small Finance Bank has over 2 decades of experience across various domains in the banking sector and has expertise in products, business management and […]

NEPS floats tender for Digital Infra

Reported by | Updated: January 6, 2021

Nepal Electronic Payment Systems Limited (NEPS), a Payment System Operator (PSO) licensed by Nepal Rastra Bank and promoted by banks and financial institutions in Nepal, invites sealed proposals from interested and eligible service providers for supply, installation, integration, and maintenance of following Digital Infrastructures: 1. Digital Payment Interface (DPI) and Digital Banking System (DBS) 2. […]

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