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Digital to Educate & Differentiate At Finnoviti 2023, CEOs become thought leaders about not leveraging digital as a copycat tool, but rather as a...
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Banking Frontiers
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Our experts share the differences between how men and women take risks keeping in mind parameters like ambition, society, emotions, obligations, etc: Lincy Therattil,...
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City Union Bank is also building a middleware platform that would help third party systems and fintechs to connect with core banking and internal...
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MyMoneyMantra is building robust technology infrastructure constituting AI, Data Analytics and Machine Learning to ensure a seamless customer experience: MyMoneyMantra (MMM) is a finserve...
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Many organizations have started a variety of off-beat employee engagement programs with diverse objectives. Says Nagina: “With offerings like MindFi (a mindfulness app subscription)...
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Natasha de Teran, one of the authors of the book ‘The Payoff’ approached me for a review of the book. The title attracted me...
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13 senior BFSI professionals narrate incidents of how habits have helped them during tough times in their professional success: Lalitha Bhatia, Chief Operating Officer...
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The southern apex level bank is planning expansion in its branches and ATMs in the current FY: The A.P State Co-operative Bank (APCOB), as...
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The Reserve Bank of India has granted a Small Finance Bank (SFB) licence to Centrum Financial Services Ltd, the Centrum Group’s small business lending...
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Industry experts discuss the current trends, innovations, scope, & direction of Loan Origination Systems in the finance sector: Loan Origination System (LOS) has become...
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Industry experts discuss the approaches & actions required to modernize LMS software: Loan Management Systems (LMS) supports multiple facets of loan portfolio starting from...
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A survey by Standard Chartered has found that sustainable investing among the emerging affluent, affluent, and high net worth individuals is at a tipping...
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AU Small Finance Bank has issued over 40,000 credit cards, of which more than 50% are issued to first-time credit card users. The benchmark...
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Finance minister Nirmala Sitharaman said that the JAM (Jan Dhan – Aadhaar – Mobile) trinity has proved to be a game-changer and helped in...
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Tata Capital has launched ‘Loan Against Mutual Funds’ (LAMF), an end-to-end digital offering. Customers can avail quick and hassle-free loans ranging from Rs 5...
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The Reserve Bank of India has cautioned people against frauds in the name of KYC updation and advised them not to share key information...
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The Reserve Bank of India has announced the opening of application window for the third cohort under the regulatory sandbox to eligible entities. The...
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Covid has forced organizations to rapidly change their approach to work and HR has played a significant role in articulating this approach. HR has...
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The common perception is that differences between the minds of men and women are substantial. Our experts find the differences to be lesser: Sunita...
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National Payments Corporation of India and Fiserv, a leading global provider of payments and financial services technology, have entered into an understanding that will enable the...
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Digital onboarding process has emerged as a critical step in both client acquisition and client retention. It enables seamless interactions allowing new customers to...
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You may believe that you can deploy your emotional intelligence whenever you want, but that may not be the case. Women professionals participating in...
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Seema Nayak, Chief Compliance Officer (CCO) at NCDEX, is responsible for compliance, member compliance, membership, inspection, investor protection and enforcement. She has been associated...
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Over the past few years, organizations have seen a paradigm shift in the way HR operates. There has been a complete shift from...
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National Payments Corporation of India (NPCI) has announced Tech5, an international touchless biometric solutions management company, as the winner of PayAuth Challenge —...
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Andy Rallis, global chief actuary of MetLife and the immediate past president of the Society of Actuaries, shares insights on the evolution of actuaries...
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The brave ladies tell us how they became fearless in the face of fear associated with taking risks. This section is loaded with gems...
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Seven women leaders narrate incidents when emotional intelligence enabled them to make effective decisions during difficult situations: Shikha Bagai, Country Managing Director – India...
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A delegation of the National Federation of Urban Cooperative Banks (NAFCUB), led by its president Jyotindra Mehta, met Union home minister Amit Shah —...
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With a view to provide a fillip to its efforts towards promoting digital transactions at the grass-roots level, the Reserve Bank of India has...
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RBI may give a grant to the UO for providing IT support to its member banks; Guidelines related to the constitution of the board...
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Finance minister Nirmala Sitharaman has announced a National Monetisation Pipeline (NMP) that aims at tapping private sector investment to fund infrastructure creation. Core assets...
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The Reserve Bank of India kept the repo rate unchanged at 4% in the August bi-monthly monetary policy statement. The rate has remained untouched...
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There are often connecting dots between criminal activity and financial transactions: Chhaya Pandya is Assistant General Manager (Accounts) at Ahmedabad-based Gujarat State Cooperative Bank...
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Prime Minister Narendra Modi launched a digital payment solution, e-RUPI, a person and purpose specific digital payment solution, for cashless and contactless system for...
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If open finance continues to accelerate, it could reshape the global financial services ecosystem, change the very idea of banking, and increase pressure on...
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Bank of India is a key player in the RBI’s Sovereign Gold Bonds: The Reserve Bank of India has been issuing Sovereign Gold Bonds...
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The Union Cabinet has cleared amendments in the Deposit Insurance and Credit Guarantee Corporation Act, 1961, to provide relief to depositors in stressed banks....
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The covid pandemic has proved to be a formidable crisis. Fortunately, mankind has a mighty resource that it can rely on to handle such...
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U GRO Capital has entered into a co-lending partnership with Bank of Baroda for micro, small and medium enterprises (MSMEs). Called ‘Pratham’, the loan...
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The company expects to continue disbursing Rs1.65 billion loans every month during the current year: Small Business FinCredit India, or SBFC, is a new-age financial services institution...
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Karnataka Bank has set up ‘Digital Centre of Excellence’ in its quest for focus on improvement in technology, digitization and building values: Karnataka Bank...
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Russia is now employing blockchain technology and DLT in major segments of activities: While the Russian Government is positive about any new technology, it...
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The prominent cooperative bank has special loan products – SVC MediEquip, SVC Chemist and SVC Hello Doctor – for the medical and health care...
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Union Home Minister Amit Shah has been given an additional charge of the newly created ‘Ministry of Cooperation’. While newly inducted cabinet minister Narayan...
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Indonesia is taking initiatives to usher in open banking as the country’s central bank has recognized the definite advantages of the system in creating...
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In a late night, historic move, a separate ‘Ministry of Co-operation’ has been created by the Modi Government for realizing the vision of ‘Sahkar...
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State Bank of India has launched a dedicated counter at its 360 select branches nationally catering to current account customers. The dedicated counter, called...
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Men and women are creatures of habits. Habits have a unique way of making life easier. Banking Frontiers posed the question: ‘What are the...
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The professional women reveal what new habits they would like to develop: Sumanlatha Sanghi, Head – Account & Channel Maintenance at ANZ, is working...
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Enterprises of the future will be highly technology-oriented with leaders more tech-savvy than ever: The world is hungry for a new kind of leadership...
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The Reserve Bank of India has granted ‘in-principle’ approval to NBFC Centrum Financial Services to set up a small finance bank, which on formation...
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LIC Cards Services has launched a contactless prepaid gift card – ‘Shagun’ – in collaboration with IDBI Bank on the RuPay platform. The card...
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Federal Bank has assigned new roles and responsibilities to its top management. Accordingly, Shalini Warrier will be ED & Head – Retail Banking, Pitchai...
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The co-origination platform has reimagined lending with its phygital model, which uses technology and authentic in-person service: Small Business FinCredit India, or SBFC Finance,...
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As India’s leading online Exchange, NCDEX brings buyers and sellers together through its electronic trading platform and offers benchmark products across agriculture commodities. Some...
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ICICI Bank said over 2 million customers of other banks are now using the revamped version of the bank’s mobile banking app, ‘iMobile Pay’....
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The SBI-sponsored Arunachal Pradesh Rural Bank has taken up several IT initiatives and is working towards many more: Arunachal Pradesh Rural Bank (APRB), a...
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The Monetary Policy Committee of the Reserve Bank of India has decided to maintain status quo and kept its rates unchanged at 4% for...
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UAE has progressed phenomenally in the use of blockchain in various aspects covering life and governance in the country: The UAE government is one...
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Sonal Patni, CTO at SMEcorner, a new age fintech lender, discusses the security risks when working with gig workers: Mehul Dani: What kind of...
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Specialists discuss the changing role of CRM, personalized communication, power of social media channels, measures & special projects: Finance companies are focusing on increasing...
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How will the Indian Market redefine the growth of Digital Payments with The New Umbrella Entities taking over? Know more about How Fintechs &...
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This is leading to a spiralling growth of MSME and business loans: ESAF Swasraya Multi-State Agro Cooperative Society (ESMACO) is the first business correspondent...
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The Reserve Bank of India’s Annual Report 2021 state that stress tests indicated that Indian banks have sufficient capital at the aggregate level even...
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A new World Bank report has highlighted that while countries are inching toward greater gender equality, women around the world continue to face laws...
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Suhail Ghai, EVP & Head, Information Technology, Max Life Insurance, discusses the role of IQ and EQ in shaping digital transformation: Mehul Dani: Has...
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ICICIdirect, retail broking services provider and financial services product provider, said it is expanding its global investments facility to newer markets like United Kingdom,...
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Lakshmi Iyer, President, and CIO – Debt & Head – Products at Kotak Mahindra Asset Management Company says women should grab opportunities with both...
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Collection systems are increasingly getting digitized and various approaches by financial services institutions make them more and more efficient: When it comes to collection...
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In today’s challenging times, banks need to adapt to a digital-first strategy to ensure sustainability and continued growth. New-age digital banking is all about...
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D Venkatesh, Founder at Lentra, and Rajesh Krishnia, Country Head-BFSI at Nutanix, share a clear picture on how ‘lending’ has evolved over the last...
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At a time when banking capital is scarce and finance capitalism is driving the world, it is but natural to expect foreign money to...
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Magma Fincorp has evidence that women-led SMEs are growing and are showing high degrees of credit worthiness: Magma Fincorp, the Mumbai based NBFC registered...
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iSTOX, the digital securities platform, has accredited investors from 24 countries, including India: iSTOX is a private capital exchange backed by the Singapore Exchange...
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Insight Report May 2021 Boston Consulting Group has prepared a report on the how distributed ledger technology (DLT) has gone through several pendulum swings...
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HDFC Bank has facilitated the introduction of its Eva chatbot on the Digital Seva Portal of Common Services Centers (CSCs). The facility is expected...
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StashFin has adopted Engineering, Technology and Culture practices from bigtechs to fuel its digital acceleration: StashFin, being a digital lending venture, has since 2016...
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Canada is one country in the developed world that is yet to make a start in open banking: Canada, in spite of its well-developed...
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The National Payments Commission of India (NPCI) said it will not ban cryptocurrency transactions. It said it is up to the banks in the...
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Capri Global Capital offers products that are fine tuned for women and incentives for regular repayments: While the estimated annual requirement for financial support...
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Dr. Jasmine Gupta, National Digital Bank Head at Equitas Small Finance Bank, and National President – Financial Inclusion Council at Women’s Indian Chamber of...
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Shefali Khalsa, Head – Brand and Marketing at SBI General Insurance & Flovie Martins, Head, Corporate Communications at Future Generali India Life Insurance Co,...
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The Reserve Bank of India (RBI) came out with several measures to protect small and medium businesses and individual borrowers from the adverse impact...
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Edited excerpts from a web panel discussion on software assurance, a topic of critical relevance, held in association with CAST Software: Today, software is...
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Banking Frontiers hosted a panel discussion with Google as knowledge partner, where bankers talk about revolutionize the customer experience with new age technologies like...
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The government has appointed Reserve Bank of India (RBI) executive director T Rabi Sankar as the fourth Deputy Governor of the central bank. Rabi...
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Insights into the impact of festivals, lockdown, and technology on collections, payment mechanisms, and customer behaviour: In earlier days, collection was largely dependent on...
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Apps and portals enable government schemes: The covid pandemic and the repeated lockdown restrictions all of sudden have led to the daily laborers, street...
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Bank of India highlights the USP in such accounts on various social media platforms from time to time: Bank of India offers different types...
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Two fintechs have brought the benefits of API banking to France: British fintech company Revolut has recently announced that some 1 million bank customers...
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The Reserve Bank of India has released the names of applicants under the ‘on tap licensing scheme’ for universal banks and small finance banks....
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Banking Frontiers, in association with Fortinet, organized a web panel discussion by BFSI CISOs on the growing thrust on trust through security. Edited excerpts:...
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Kotak Mahindra Life provides instant insurance coverage along with loans. It has served 85 million customers through 300 partners: Kotak Mahindra Life Insurance Company...
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In the third and last part of the 3-part report based on The 2020 McKinsey Global Payments Report, we discuss the prospects of merchant...
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Membership of the RBI-operated Centralised Payment Systems (CPSs) – RTGS and NEFT – currently limited to banks, with a few exceptions, is now proposed...
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U GRO Capital’s flagship platform is capable of onboarding of MSME customers completely digitally, with decision in 60 minutes: U GRO Capital has chosen...
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The company has already seen a substantial increase in the traffic on both its website and mobile app: SBI Mutual Fund is one of...
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Doorstep banking services has given a boost to phygital services. The service is delivered through 100 centers identified by IBA as part of EASE...
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Yes Bank has come out with a unique accelerator program to support women-led startups. The bank has tied up with SHEROES, a women-only social...
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Specialized health and general insurance products and equity investments have started gaining popularity among women: Elizabeth Venkataraman Kotak Mahindra Bank has 4 strategic business units –...
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Deepak Sharma, President and Chief Digital Officer, gives insights about the progress of AI at Kotak Mahindra Bank: During the pandemic, Kotak Mahindra Bank...
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Goa SCB and NABARD are strengthening cooperative banking in the state during difficult times: Goa has total bank deposits of Rs847.15 billion as on31...
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A special report by Accenture analyses the trust and loyalty trends among global banking consumers: Banks have encouraged consumers to engage with them through...
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While the Netherlands adopted PSD2 readying for introducing open banking, there appears to be some reservations among the general public: Post its adopting the...
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Paisalo’s credit matrix algorithms provide better risk management by using AI & ML for analytics: Paisalo Digital is a category B non-deposit-taking NBFC with...
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Is China unleashing global unrest using social resistance and financial terrorism through decentralized autonomous organizations funded by hijacking crypto-assets China wields a very significant...
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We are three months into 2021 and the financial world continues to be abuzz with Open Banking and its many possibilities. Leveraging the implications...
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Check Point Research has come out with a research study on global brands affected by phishing attacks: Microsoft was the most frequently targeted brand...
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Dr Krishnamurthy Subramanian, Chief Economic Adviser, Government of India, stresses that technology usage can be far wider in financial sector: The Indian financial services...
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Central banks became net sellers of gold for first time in a decade in Q3 2020 as the pandemic continues to rage, a study...
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The most secure network is one that has no connections. Of course, that idea is not only impractical, it defeats the purpose of a...
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The Reserve Bank of India has come out with a Master Direction with regard to amalgamation of urban cooperative banks paving the way for...
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Its international version will help Indian international students, NRIs and Indian tourists abroad, to avail services from GoI, anytime: The Unified Mobile Application for...
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The Government of India is serious about implementing crypto forensics software tools for strengthening anti-money laundering systems in banks and financial services institutions by...
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The company has already seen a substantial increase in the traffic on both its website and mobile app: SBI Mutual Fund is one of...
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Ashutosh Singh, Interim CEO & Chief Business Officer at NSDL Payments Bank, discusses the bank’s strategy to carve a business niche and differentiate its...
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It will set up 45 new modules of Sahakar Pragya to impart training to primary cooperative societies in association with LINAC: Sahakar Pragya is...
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It appears complex, but as time passes every company or every brand could offer financial services through a concept called ‘Banking as a Service’:...
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The central government intends to start the process of privatization of 2 public sector banks apart from IDBI Bank, Finance Minister Nirmala Sitharaman announced...
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APEDA and NABARD will work together to synergize the activities in agriculture and allied sectors for bringing better value to the stakeholders: There is...
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SBI General Insurance is implementing virtual desktops on the cloud to further facilitate remote working: The social media presence of SBI General Insurance, a...
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National Federation of Urban Cooperative Banks and Credit Societies (NAFCUB) held its 44th Annual General Meeting in New Delhi recently and delegates from across...
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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...
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AU Small Finance Bank launched its new mobile banking app and net banking portal. The bank said the new platforms will offer over 100...
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In the second part of the 3-part report based on The 2020 McKinsey Global Payments Report, we discuss the status of supply chain finance...
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Emotional Intelligence is the one factor that can help professionals to tide over the present crisis and bring in success: Viruses evolve through random...
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Manav Sachdev, Senior Principal Analyst at Gartner shares new insights about the pluses and minuses of digital approaches in insurance: Manoj Agrawal: Do you...
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‘Kotak Wealth Hurun – Leading Wealthy Women’ report is a data-driven attempt to analyze wealth creation among Indian women: Kotak Wealth Management, a division...
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Vibrant and resilient cooperative credit institutions in Gujarat have given sizable Atmanirbhar loans in 5 months of the covid pandemic to distressed borrowers: Gujarat...
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63% of India’s Enterprises Ramped Up Investment in Hybrid Cloud to Mitigate Impact of covid-19 Nutanix has revealed that Indian enterprises are fully committed...
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China is slow in experimenting with open banking and banking institutions are wary of the existing privacy and security laws in the country: Introducing...
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Indonesia had started experimenting with blockchain for purposes other than cryptocurrency in 2018 and today it is a maturing sector Indonesia had prohibited the...
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NPS enrolment has witnessed a growth of almost 14% during the covid pandemic: The covid induced lockdown had thrown several mobility-related challenges and a...
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Ashish Belagali, CEO of Pune based 10Xofy, reveals how low code tools empower the roots of digital transformation: Manoj Agrawal: What is your estimate...
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The 5-day round-the-clock Singapore FinTech Festival (SFF) and the Singapore Week of Innovation and Technology (SWITCH), which ended on 12 December, drew some 3.5...
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As organizations continue to respond to the covid crisis and explore new ways to operate and drive growth, the Gartner top strategic trends highlight...
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Manoj Viswanathan, Director & CEO, Home First Finance, discusses the business scenario of affordable housing finance, technology up-gradation, and geographical expansion: Manoj Agrawal, Ravi...
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The Mumbai-based urban cooperative bank’s initiatives include website revamp, online account opening, video KYC, and WhatsApp banking: Santosh Mohile, Head, IT, SVC Cooperative Bank,...
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DBS Bank India has joined hands with social enterprise Haqdarshak to enable the recovery of Indian businesses through Haqdarshak’s newly launched platform, which offers...
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National Payments Corporation of India (NPCI) announced that Mumbai is now FASTag ready with the city’s 3 of the major toll plazas – Airoli,...
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The Corporate Banking Business has taken a mega digital shift, that brought about increased transparency, agility, security, and efficiency to the entire business ecosystem....
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Philippines plans to be a Silicon Valley for Blockchain & DLT development: The Philippines is considered a fertile ground for innovations in crypto assets...
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The soon-to-be-introduced platforms will help the bank in mobilizing clients online: The Union Ministry of Micro, Small and Medium Enterprises had announced the ‘Interest...
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The Singapore Financial Data Exchange (SGFinDex), a joint effort by the Monetary Authority of Singapore (MAS) and the Smart Nation and Digital Government Group...
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HDFC Bank said the Reserve Bank of India has asked it to temporarily stop all launches of its upcoming digital business-generating activities and sourcing...
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IBM Security has recently come out with a report, titled ‘Cost of a Data Breach’, outlining the financial implications of a data breach. The...
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Retail banks have a prominent role to play in guiding the world toward economic recovery, while preserving the health of their organizations, says a...
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Global cybersecurity company Fortinet announced it has been recognized as a Leader in the 2020 Gartner Magic Quadrant for Network Firewalls. This marks the...
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Yes Bank has launched the SMS Pay functionality on POS terminals in partnership with Worldline. This enables merchants to accept contactless and remote payments...
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Indian Bank has also launched an exclusive credit facility for startups as well as an online business mentoring program for MSMEs: Indian Bank has recently undertaken...
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Edelweiss Group is using AI, ML, and API to rapidly onboard customers and partners: Edelweiss Group has a customer base of 1.2 million that...
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The associated cost to process credit card and loan applications by banks has come down significantly: BankBazaar was one of the first fintech to...
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Security and privacy are built into the design and development of the APIs: Prime Minister Narendra Modi had announced the National Digital Health Mission...
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Banking Frontiers organized a web panel discussion where agri bankers and agri experts exchanged valuable insights: Agriculture, with its allied sectors, is one of...
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Kotak Mahindra Bank said its Visa debit and credit cardholders can now make payments via Google Pay mobile app. Using tokenization, the customers can...
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The banned apps could have been used for surreptitious activities: When the Indian government on 29 June banned 59 apps of Chinese origin, including...
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The world should have prepared for the covid pandemic, but unfortunately, it was not, said Jamie Dimon, CEO of JPMorgan, while giving a keynote...
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Paul K. Thomas, MD & CEO, ESAF Small Finance Bank, speaks about the impact of covid on business and data management: ESAF Small...
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Bank of Baroda’s digital platform Baroda Kisan caters to numerous requirements of farmers and also provide crop related inputs: Bank of Baroda post-amalgamation has...
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The tiny island country has enacted model legislations to regulate blockchain, DLT, and cryptocurrencies: The Southern European island country of Malta, many may not...
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AIIB gears up for playing a catalyst’s role in financing the growth of digital infrastructure in Asia: Amid the COVID pandemic, the Asian Infrastructure...
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Senior executives of 2 scheduled UCBs analyze relevant details of banking parameters in RBI’s Financial Stability Report: The performance of scheduled urban cooperative banks...
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The apex cooperative bank in Andaman & Nicobar Islands is inducting several technologies to offer modern customer services The Andaman & Nicobar State Cooperative...
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ICICI Bank has launched cardless cash withdrawal facility at its ATMs. The bank said the facility will allow its customers to withdraw cash from...
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Covid brought in several new normals, the WFH concept being the most talked about. While it helped regular office-going staff avoid innumerable inconveniences like...
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Citi GPS, or Global Perspectives and Solutions, is Citibank’s premier thought leadership product, designed to help people trace the global economy’s most demanding challenges...
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FSS or Financial Software and Systems said Canada’s Everlink Payment Services, a leading provider of payment solutions and services for Canadian credit unions, banks,...
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iQuippo digitizes co-lending programs, offers dynamic pricing to borrowers and dynamic risk adjustments to lenders: iQuippo, India’s first digital marketplace for infrastructure equipment, has...
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In Conversation with Banking Frontiers Live, Pankaj Gupta, Sr.EVP (Sales) and Chief Marketing Officer, HDFC Life shares with Babu Nair, MD, and founder of...
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IDBI Federal Life is now extending its mobility platform from distribution channels to all its sales channels: Online policies can be looked at as...
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Gujarat’s apex cooperative bank is extensively creating awareness among customers of DCCBs and UCBs about digital alternatives: The Gujarat State Cooperative Bank has an...
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Gartner analysts Ali Merji, Gladys Yeo and Leeann Ji recently published a report: ‘How Asia/Pacific Banks Responded to COVID19 and What CIOs Can Learn’....
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Brand building at financial organizations get the digital and social boost: In this digital age when commoditization of financial products is the norm, differentiation...
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To alleviate the financial anxiety of impoverished business entities and persons transpired due to lockdown to exterminate the lethal corona virus, during the last...
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Nepal based BFIN organized an online conference on August 14, 2020. Excerpts from the keynote by Dr Shah Md Ahasan Habib, Director, Bangladesh Institute...
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Several banking experts feel what the banking industry had planned for say 5 years from now in terms of operations may have to be...
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Rolls out online, mobile and social banking extensions to core offerings: Cosmos Cooperative Bank has 140 branches and 138 ATMs. It is planning to...
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Banks on e-Meets, digitalized land records and post COVID schemes: Bank of Maharashtra has provided total agriculture advances (AA) of Rs143.85 billion during the...
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The Banking Regulations Bill became law with the Lok Sabha passing the bill to bring cooperative banks under the supervision of the Reserve Bank...
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Reliance Securities leverages big data and robo-analytics to facilitate effortless trading Reliance Securities offers online trading platforms and investment opportunities, providing customers with access...
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Hybrid cloud is a preferred solution, say CTOs of banks, but hesitate in adopting it for want of regulatory guidelines: Financial services institutions have...
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Bajaj Allianz General Insurance has recently won 2 global awards: Recently Bajaj Allianz General Insurance won 2 two global awards. First is for the...
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Canada is considered No 3 in the global blockchain hierarchy after Malta and China: Walmart Canada, in collaboration with DLT Labs, had recently rolled...
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To focus on operations, processes, infrastructure and management: Banks and financial institutions have faced a huge crisis as a result of the covid pandemic...
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While covid can unsettle the traditional, it affords chances for the insurance companies to be innovative: When the whole world is facing the prospects...
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Brand building at financial organizations get the digital and social boost: In this digital age when commoditization of financial products is the norm, differentiation...
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Facebook is a good platform to reach many demographics & age groups: Digital platforms have always been a major part of Aegon Life Insurance...
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ICICI Bank has started using use of satellite data – imagery from Earth observation satellites – to assess the credit worthiness of its farmer...
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Kotak Mahindra Bank enhances its FD booking & servicing journey: As on 31 March 2020, the Kotak Mahindra Bank had a national network of...
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The insurer also leverages technologies like RPA, NLP, bots, analytics and many more: Girish Nayak, chief – Customer Service, Technology & Operations at ICICI...
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Byju Joseph, CTO, Future Generali Life Insurance, discusses key issues associated with inhouse software development: Ravi Lalwani: What are the commonly used programming and...
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National Payments Corporation of India (NPCI) has launched NPCI International Payments Limited, a wholly-owned subsidiary, tasked with the responsibility of introducing NPCI’s indigenously developed...
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The Reserve Bank of India has come out with the final framework for authorization of a new umbrella entity (NUE) for retail payments. The...
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Some senior industry veterans recount how covid and lockdown have changed food habits and diet preferences, and also the relationship with the kitchen: The...
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Tarannum Hasib, Chief Distribution Officer & Director – Marketing at Canara HSBC OBC Life Insurance, narrates her experiences with food during the lockdown: We...
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PNB MetLife Insurance focuses on 3Ds – Data, Digitize and Disrupt In the insurance industry, customer data is a precious resource that is both avidly...
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The bank has several digital initiatives that have helped it to stand out in the crowd: South Indian Bank foresees in the long term...
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Rating agency ICRA has a new Managing Director and Group CEO. The agency’s board announced it has appointed N Sivaraman to the position and...
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A product revolution could be brewing in the insurance sector: Insurance has always been a tough product to manufacture (underwrite) and a tough product...
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The number of bank’s average daily NEFT transactions shoot up to 1000: Arunachal Pradesh Rural Bank is serving the trans-Himalayan state, which significantly has...
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The central government is examining options to privatize at least 6 of the public sector banks thereby reducing the number of such PSU banks...
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BFSI organizations are now conscious of the developments in the domain of cloud and are examining the best-suited architecture to ensure efficiency and cost...
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There is no second thought that the covid induced lockdown has become a pain for everyone. People just want to be free like they...
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State Bank of India will adopt work from home (WFH) a norm which will save the company around Rs 1000 crore a year. The...
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Max Life reacted to the pandemic quite swiftly and this brought in dividends, says Manu Lavanya, director and COO of the insurance company: Mohan:...
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Ponawalla Finance, a part of the highly diversified $13 billion Dr Cyrus Poonawalla Group, has appointed A Shiju Rawther as Chief Information Officer (CIO)....
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Lucknow-based regional rural bank Aryavart Bank has adopted frictionless customer experience to onboard customers for insurance policies. Shiv Bajrang Singh, Chairman of the bank...
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5paisa.com has a triple engine strategy to boost its velocity, and the results are showing: 5paisa.com is India’s leading diversified online platform for financial...
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Shekhar Bhandari, president – Global Transaction Banking at Kotak Mahindra Bank, discusses the post-covid impact and the emerging opportunities in transaction banking: Ravi Lalwani:...
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State Bank of India has launched state-of-the-art ‘YONO Branches’ to coincide with its 65th anniversary a unique experience for its customers through a perfect...
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Working on AI-driven chatbots, a mobile app focused on traders & advisory platforms, reveals Vamsi Krishna, head of Digital Business, Product and Marketing: Axis...
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Plans to strengthen areas like audit, loan processing and asset management: Chhattisgarh Rajya Gramin Bank serves the entire state with its 613 branches, which...
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The government has made an announcement that all cooperative banks and multi-state cooperative banks will be brought under the supervision of the Reserve Bank...
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Implements zero-trust policies, VPN, VDI, multi-factor authentication and alerts to ensure security: FYERS, the technology focused stock broking firm, offers seamless trading platforms to...
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Lenders explain the current scenario and the new outlook Covid has changed the ways of the world and education is one sector that is...
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Banks in India have sanctioned working capital loans of Rs 75,426 under the Rs 3-lakh-crore Emergency Credit Line Guarantee Scheme (ECLGS) for MSMEs and...
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Tanmaya Kumar Panda, head – HR at Universal Sompo General Insurance, and Amrit Jaidka Arora, head – HR at Digit Insurance, share the post-covid...
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With regards to the coronavirus, there are plenty of discussions happening at various levels – the level of individual, family, company, city, country and...
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SMEs have been badly affected by covid-19 and the impact has cascaded down to banks and NBFCs. Banking Frontiers interviewed 9 BFSI organizations to...
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The Reserve Bank of India proposes to tighten the rules governing home financing companies, especially their financing builders. RBI specifically wants that home financiers...
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Mr. V. Srinivasan, Founder & Chairman of eMudhra, advocates digital signatures as the next level of digital transformation: For the last several years, banking...
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Technology experts spell out numerous technology opportunities to transform the BFSI sector, and zero in on the crucial. Banking and financial services are...
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AGS Transact Technologies, a leading provider of end-to-end cash and digital payment solutions and automation technology, has developed and tested a ‘touchless’ ATM solution....
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The markets have seen several crises including the most recent, global financial crisis back in 2008, the Asian financial crisis, dot-com burst, 9/11, the...
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Senior bankers from an RRB, a state cooperative bank, a DCCB, a mahila cooperative bank and urban cooperative bank discuss the various measures initiated...
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Bajaj Allianz General Insurance has adopted a WhatsApp platform for customer service, claim-related queries and complaints. KV Dipu, head – Operations & Customer Service...
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Recently the RBI advocated digital mode for payments and other financial services, especially through mobile applicationsto enforce social distancing.Banking Frontiers carried out a study...
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Sunita Handa, CGM – IT Channels & Operations, at State Bank of India, narrates how the bank prepared its manpower and technology to meet...
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Airtel Payments Bank has partnered with Mastercard to develop customized products catering to customers across the underbanked sector including farmers, small and medium enterprises...
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Insurer launches videos inspired by real life customer stories to encourage people to gain a greater sense of control over their physical and financial...
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Pitchai Mahalingam, head – Operations & Transaction Banking at Federal Bank, discusses the impact of COVID-19 on transaction banking business, fintech partnerships, etc: Ravi...
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The Indian Banks Association (IBA) has proposed to the Reserve Bank of India and the government the setting up of a ‘bad bank’ to...
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By Rajeev Yadav, MD & CEO, Fincare Small Finance Bank Adoption of digital-first as a way of life in banking is now the official...
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Finance minister Nirmala Sitharaman announced a slew of remedial measures to alleviate the sufferings of the people affected by the lockdown in the wake...
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In times of coronavirus crisis, here is an innovative approach of mixing health and wealth At a time when cooperative banks have received adverse...
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Today, with banks facing increasing number of frauds, internal audit function has gained criticality. Also, the scope and coverage of internal audit has increased....
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The Supreme Court has made the Securitization and Reconstruction of Financial Assets and Enforcement of Security Act of 2002 (SARFAESI Act) applicable to cooperative...
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Rushabh Gandhi, deputy CEO at IndiaFirst Life Insurance, traces the technology journey and the marketing strategy of the company Mehul Dani: How has your...
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Banking technology experts share their perspectives on adoption and implementation of the API technology, risks and future scope at Finnoviti 2020. Edited excerpts: Sunita...
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With the spread of COVID-19, governments have mandated lockdowns and social distancing, thereby creating a paradigm shift in the working environment of banks, from...
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The Indian Banks’ Association has come out with new norms for withdrawing money from banks during the lockdown. It has asked customers not to...
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Finovate Capital offers supply chain financing to MSMEs a the click of a button: Contrary to what the name suggests, Finovate Capital is a...
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Finin is a neobank, with a niche focus on helping its customers manage, save and invest their money in a simpler, smarter and faster...
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Shashikant Abhang, CEO, Kurla Nagarik Sahakari Bank, gives details of IT infrastructure upgrades, staff training and future plans of the bank: The Kurla Nagarik...
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McKinsey and Co, in superb research paper, has described the new normal that will emerge post COVID-19 as the ‘next normal’, and predicts that...
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Let me start with the obvious first and all that we could turn into opportunity follows. We have a very strong leader who could...
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COVID-19 outbreak came at a time when India’s economy was already slowing due to persistent financial sector weaknesses. Banking Frontiers carried out a 4...
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HDFC Bank has short-listed 3 senior bankers to be considered for selection as CEO of the bank, after the retirement of Aditya Puri later...
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RBI governor Shaktikanta Das has announced the decision to reduce the fixed rate reverse repo rate under the liquidity adjustment facility (LAF) by 25...
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Digital has transformed the way enterprises deal with customers, especially in grievance redressals. Proactive these enterprises need to be to retain customers While digital...
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Arun Jain, chairman of Intellect Design Arena, has not only made a mark as a successful entrepreneur, but also as a fundamental thinker. Where...
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Chandra Shekhar Ghosh, MD & CEO, Bandhan Bank, explains how the bank achieved growth in the midst of economic slowdown and NBFC crisis Bandhan...
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While many risks stir up the market, the coronavirus has shaken it, and shaken it badly. Not just the market, but the entire world’s...
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The merger of 10 public sector banks into 4, announced by the government, will come into force on 1 April. The Reserve Bank of...
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In a highly competitive & digital complied world of today, ensuring that the customer gets the right product for his/her money’s worth has become...
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Several public sector banks have announced special emergency loan products to help people and businesses affected by coronavirus outbreak to tide over the crisis...
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DCB Bank said it is spending Rs 1 crore in the next 3 months as part of its CSR commitment for intervention and measures...
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Major banks in the country have urged customers to use digital channels for transactions in view of their precautionary action to reduce the number...
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Gartner organized its Application Architecture, Development & Integration Summit in Mumbai recently. Highlights of 2 key sessions at the Summit: Gartner organized the Gartner...
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One of the most discussed topics in the financial services industry today is blockchain. When it becomes a fully mature technology, it is expected...
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The National Federation of Urban Cooperative Banks and Credit Societies (NFCUB) has written to cooperative banks which have sub-member arrangements with Yes Bank for...
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Capgemini came out with its World Payments Report 2019 highlighting major roadblocks that banks face in adopting open banking: Many global banks perceive open...
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Banking Frontiers completed its annual Finnoviti-cum-Technoviti Conference, which also included awards for the top innovators in the financial sector and the IT sector. It...
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Mahindra & Mahindra Financial Services focuses on offering financial products to enhance the lives of the rural and agricultural community in India. The company...
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Bank unions have called off the proposed 3-day strike after ‘positive’ developments at the bipartite meeting held in Mumbai. EA number of employee unions...
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Can there be a decision-making algorithm? Or as a step ahead, can such a decision-making algorithm assume the position of a board member in...
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ATMs will no longer dispense Rs 2000 currency notes. Banks are now recalibrating ATMs to replace cassettes that were holding Rs 2000 notes with...
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Chaitanya Godavari Grameena Bank is a regional rural bank operating in Andhra Pradesh, sponsored by Andhra Bank, which holds 35% of the equity. The...
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The banking business model is changing. And the change is likely to accelerate in the new year under severe pressure from market forces. This...
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HFFC believes that everyone should own a dream home. It blends technology and personalization to make loan processing easy and hassle-free. The company has...
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Central Bank of India is mulling to sell its entire 64.4% stake in its housing finance subsidiary Cent Bank Home Finance. The bank is...
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Yes Bank continues to have the maximum share -39% – of the total transactions registered on the UPI in January 2020. The bank beats...
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Part 1: https://bankingfrontiers.com/solving-product-design-puzzle-by-startups/ Part2: https://bankingfrontiers.com/solving-product-design-puzzle-by-startups-part-2/ In the previous posts I emphasized that Startups should adopt at least 3 key Quality Tools before they feel...
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Shri Satej (Bunty) D. Patil (47), Minister of State for Information Technology, Home (Urban), Housing, Transport, Parliamentary Affairs & Ex-Servicemen Welfare, Government of Maharashtra,...
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Finance minister Nirmala Sitharaman presented the Union Budget for 2020 in Parliament today, focusing on 3 aspects – aspirational India to boost the standard...
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Laxmibai Mahila Nagrik Sahakari Bank was registered as a primary co-operative society in 1997 and it commenced its operations in 1978. The bank, popularly...
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Bank employees are mulling a 2-day nationwide strike beginning 31 January. The strike call has been given by the United Forum of Bank Unions,...
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I still remember the day the news broke, and the entire industry was in chaos and indulging in speculation. It was 2015 and the...
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Union minister for Law & Justice, Communications and Electronics & Information Technology Ravi Shankar Prasad said technology should be designed to make life easier...
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India has the potential to transform itself and lead innovations in emerging areas such as blockchain, artificial intelligence, machine learning and Internet of Things...
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Three public sector banks – Bank of Baroda, India and Canara Bank – have new heads. The government Sanjiv Chadha as the MD and...
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Michael Debabrata Patra, who is now ED in charge of monetary policy division at the Reserve Bank of India, has been appointed deputy governor...
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The consolidated balance sheet of urban co-operative banks expanded moderately in 2018-19 on the back of robust deposit growth which financed the pick-up in...
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In the previous article (https://bankingfrontiers.com/solving-product-design-puzzle-by-startups/) I discussed how startups, or even established organizations, can ensure product fitment and build basic service proposition with minimal time...
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The Reserve Bank of India put restrictions on urban cooperative banks while offering large corporate loans. The regulator has brought in these curbs in...
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Joydeep Dutta, who is Executive Director and Group CTO for CDSL, is retiring from the company on 31 December. He had joined CDSL in...
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Focused on Startups, but equally applicable for new product introduction by established organizations Startups are synonymous with childhood. Always full of enthusiasm and bubbling...
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Rajpreet Kaur, principal analyst at Gartner, unravells several subjective issues relating to security, awareness, risk and trust: Manoj Agrawal: What kinds of questions are...
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Digitization is forcing organizations to re-design their business models and adapt to the new paradigms. The most interesting fact about this is that this...
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Roopam Asthana, CEO & whole-time director at Liberty General Insurance unravells different facets of innovation in the insurance sector. Excerpts: Manoj Agrawal: What do...
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The digital explosion has truly made a mark on the Indian banking market with banks having realized the importance of a digital and mobile...
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V.P. Nandakumar, MD & CEO, Manappuram Finance, shares details about the company’s diversification plans, customer segments and technology innovations: Manappuram Finance is essentially a...
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There is something important that is going to happen in the bitcoin world next year. The cryptocurrency will see the third ‘halvening’ probably in...
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Manish Jaiswal, MD & CEO at Magma Housing Finance, recounts the achievements of the company and the future plans: Magma Housing Finance is the...
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Bank of Baroda is selling its subsidiary Bank of Baroda (Trinidad and Tobago) and it has signed a binding share purchase agreement for this...
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Asit Oberoi, senior group president & global head of transaction banking group at Yes Bank, speaks on new age technologies and transaction banking: Yes...
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The Jaipur Central Cooperative Bank has been in existence for last 68 years. Its main target audience is farmers and it wants to take...
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The volatility across the investment asset class has made investors rethink their investment strategy. Whether it is a stock market, company bonds, realty market,...
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Canara Bank will sell 30% of its stake in Can Fin Homes. News reports suggested that the sale in nearing completion and the deal...
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General insurance companies reported 18% yoy growth in premium (excluding crop) in September, higher than 7-11% yoy growth over the past 3 months. Motor...
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The Reserve Bank of India has come out with final guidelines for ‘on-tap’ licensing of small finance banks. It has now doubled the minimum...
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Barclays opened its new campus in Pune, the British bank’s largest single location outside of its global headquarters in London. The new campus is...
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Over the past few years, the Indian banking system has faced various complex issues. Now, more than ever, a bank’s financial performance is scrutinized...
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Mahabaleshwara M.S., MD & CEO, Karnataka Bank, speaks about the bank’s transformation at the sidelines of SIBOS 2019: Babu Nair: Karnataka Bank has achieved...
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HDFC Bank has constituted a 6-member search committee to find a successor for Aditya Puri, who will be retiring in October 2020. The bank...
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Jagtial, Telangana based Gayatri Cooperative Urban Bank started functioning comparatively late in FY 2000. However, it has made rapid, all round progress till date....
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Australia has ushered in open banking. The country’s Parliament has enacted a law on 1 August 2019 to carry out beta testing of this...
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HDFC Bank has been adjudged ‘Best MSE Bank’ at the 2nd SIDBI-ET India MSE Awards 2019. The award is in recognition of the bank’s...
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The Reserve Bank of India has constituted a 3-member committee to advise the administrator of DHFL before it is formally moving for resolution of...
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Edited excerpts of interview with Jaya Janardhan, COO, Ujjivan Small Finance Bank: Babu Nair: We have been talking about experience in the world...
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Indian jewelry demand of 101.6t in Q3, 2019 was almost a third lower yoy due to weaker consumer sentiment. Jewelry demand suffered as consumer...
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The Story of Indian MSMEs: Despair to Dawn of Hope is an impassionate account of the journey of the Micro, Small and Medium Enterprises...
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The 2019 Singapore Fintech Festival, the world’s biggest annual fintech gathering got off to a memorable start with 400 speakers, over 900 exhibitors, 41...
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While the PMC Bank fraud came to light, I was reading a novel End of Saamba Dance written by Sridhar Ramachandran. I was surprised...
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A response to an RTI query has revealed that more than 3400 branches of 26 public sector banks have been either closed or merged...
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Gig economy job trends are allowing BFSI companies to tap into the people’s expertise till the time it is the most valuable for the...
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Rajnish Kumar, chairman of the State Bank of India, has been elected as the chairman of Indian Banks Association for 2019-20. IBA said the...
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Many areas of financial services are very transactional in nature and in lending, the effect of your work is seen many years down the...
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Banking operations, especially at the public sector banks are likely to be affected today as bank employees belonging to 2 unions are participating in...
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Retention of employees and at the same time reduce attrition are key challenges for HR officers, according to Sarya Makkar, HR head, Finway Capital,...
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Rajneesh Mishra, chief people officer of Magma Fincorp, an NBFC with over 10,000 employees, believes an open communication strategy is key to solving many...
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DICGC provides bank customers deposit insurance of Rs 1 lakh per bank. This was the insured amount in 1978 and has not changed over...
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Bank employees are mulling a day-long strike on 22 October to highlight several pending issues for them, including the government’s proposal to merge public...
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NBFCs too faces scarcity of top talent and maintaining a strong bench strength is a challenge for them. A report in Banking Frontiers outlines...
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The term of P.S. Jayakumar as MD and CEO of Bank of Baroda ended on 12 October as the government did not extend his...
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Goa State Cooperative Bank is readying for a makeover Since Goa has a service sector-driven economy, the state has limited scope for agriculture. However,...
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For Equitas Small Finance Bank working on technology has been a key driver of growth and the bank has a roadmap to progress towards...
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ESAF Small Finance Bank has made a spectacular performance during FY 2019 when it has recorded a 234% increase in its net profits in...
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The Reserve Bank of India had introduced 2 measures recently aimed at easing liquidity pressures on crisis-hit NBFCs. One was aimed at boosting credit...
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S.S. Mallikarjuna Rao has been appointed as the new MD and CEO of Punjab National Bank. Rao, currently MD and CEO of Allahabad Bank,...
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The Reserve Bank of India has imposed borrowing and lending restrictions on Mumbai-based Punjab & Maharashtra Cooperative Bank for various irregularities. RBI directed the...
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The 2-day strike called by the 4 unions of the public sector banks from 26 September to protest against the merger of 10 of...
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Dr. Pramod Pandurang Sawant(46), the honorable Chief Minister of Goa, will be the chief guest at the 13th Frontiers in Cooperative Banking Awards (FCBA)...
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Four unions of officers of public sector banks have threatened a 2-day strike on 26 and 27 September to protest against the proposed mergers...
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The auto sector is bearing the brunt of the economic slowdown. Sales are falling month after month and job losses are rising month after...
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As many as 2480 frauds were reported in the first quarter of 2019-20 involving a sum of Rs 31,893.63 crore in the 18 public...
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The union government has decided to merge 10 public sector banks into 4 entities. Announcing the decision, finance minister Nirmala Sitharaman said Indian Bank...
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Interview with Nikhil Bharadwaj, Vertical Head – Corporate Communications, Bajaj Allianz General Insurance Briefly describe the main types of customer in each segment? At...
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Digital finance is fast growing, and it is one area where fintechs have shown promise and even started gaining currency. There are quite a...
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Motor insurance is popular in metro cities of India, while ULIP and term insurance get sold in the tier 2 & 3 centers of...
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Frauds worth Rs 71,500 crore were perpetrated on Indian banks during 2018-19, the number of frauds rising to 6800 during the year from 5900...
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During FY 18-19, NBFC-MFIs received a total of Rs357.59 bn in debt funding (from banks and other financial institutions). This represents a growth of 63%...
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NBFC-MFIs hold the largest share of portfolio in micro-credit with total loan outstanding of Rs688.68 bn, which is 36.8% of total micro-credit universe. As on...
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Bank of Baroda is in the process of setting up a Testing Center of Excellence (TCoE) and has sought proposals from service providers in...
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It has been proposed by public sector banks to implement the Reserve Bank of India’s suggestion that they introduce door-step banking through universal touchpoint....
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India’s RuPay card has is now available in the UAE with prime minister Narendra Modi launching it in Dubai. The UAE becomes the first...
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In an exclusive interaction with Ravi Lalwani, Jwahar Bammi, Principal Solutions Architect for Enterprise Fraud and Risk Management Solution at FIS, shares the details...
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State Bank of India would prefer to eliminate debit cards by promoting more digital payment solutions. The bank’s chairman Rajnish Kumar said at the...
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With elections behind us and single majority rather than coalition government, everyone naturally is looking and hoping for an economic revival. Here are some...
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Plans to embrace the new digital technology products: Telangana State Cooperative Apex Bank Ltd (TSCAB) was registered on 25 March 2015. The bank extends...
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Bank of Baroda has been offering its assistance to the small and large farmers and it has adopted a target-oriented approach in this in...
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While open banking is creating a buzz in Europe and several countries, bankers in India are curious to know the progress and the prospects....
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NPCI is looking to engage a managed security service partner for managing its world class state of the art security operations center (SOC) as...
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The Reserve Bank of India reduced the policy repo rate under the liquidity adjustment facility (LAF) by 35 basis points (bps) from 5.75% to...
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The Reserve Bank of India has imposed a collective penalty of Rs 8.5 crore on 11 commercial banks for violating norms on fraud classification...
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National Payments Corporation of India (NPCI) announced it is taking up the first initial public offering (IPO) through Unified Payments Interface (UPI) based ASBA...
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Studies indicate that cyber insurance sits atop all other security measures, which are prone to fail at some time or other, and there are...
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Stay close to the customer. While it sounds almost cliché, I am often struck by the unique perspectives I gain from my customer experiences....
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Cybersecurity solutions company Fortinet has been adjudged the No 1 vendor in India for the first quarter of 2019 based on vendor revenue by...
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The Reserve Bank has re-allocated portfolios of the 3 deputy governors and has given the key monetary policy and forecasting department to B.P. Kanungo....
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Chandini Sehgal, Head-Marketing & Corporate Communications at HDFC Credila, outlines the corporate communications strategy of the company: Ravi Lalvani: Which are the key targets...
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Telangana State Cooperative Apex Bank, which came into being following the bifurcation of the state and the Andhra Pradesh State Cooperative Bank, is now...
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Aditya Birla Idea Payments Bank, which came into being about 17 months ago, has wound up its business. The bank is it is doing...
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Universal Sompo General Insurance has designed new product offerings to meet the insurance requirements of MSMEs and startups, which are in line with company’s...
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The Union budget for 2019-20 has proposed that individuals earning more than Rs50 million a year will be required to pay a surcharge of...
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SIDBI has launched a web-based application system for contribution from its Fund of Funds for Startups with the aim to improve the turnaround time...
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Employees, customers, lenders, and the public constitute the value chain and brand building is a continuous effort, says Neeraj Kumar Lal, head – Strategy...
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The Reserve Bank of India is planning to introduce a mobile app to help visually challenged people in identifying currency notes. The RBI feels...
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Federal Bank has a 2-pronged strategy for digital transformation and engagement and the bank looks to leverage its existing digital capabilities to enhance customer...
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Promoters Bharti Airtel and Bharti Enterprises have infused Rs 325 crore in Airtel Payments Bank. While Bharti Airtel brought in Rs 260 crore, Bharti...
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Security firm RSA in its report on global fraud trends during the first quarter of 2019, found that phishing accounted for 29% of all...
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Global consultancy firm Accenture recently came out 2019 Accenture Global Financial Services Consumer Study, titled ‘Discovering the Patterns in Personality’ which gives an insight...
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The Reserve Bank of India said foreign payment firms can process transactions made in India outside the country, but the related data should be...
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Legal consultants Devesh Juvekar, partner, and Dikshat Mehra, senior associate, of Rajani Associates, decipher the recent Supreme Court ruling on wilful defaulters: Can you...
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The popularity of mutual funds as a safe investment vehicle to ride equity boom has seen tremendous rise in the past few years. Mutual...
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There has been a 60% increase in the number of wilful defaulters in nationalized banks in the 5 years to March 2019, finance minister...
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For Thane DCCB, a cybersecurity framework and business analytics dashboards are priorities in its path towards a digital transformation. Rajendra Patil, chairman of the...
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IndusInd Bank has set 4 July as the effective date of the merger with Bharat Financial Inclusion (BFIL). Post-merger BFIL will be known as...
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Though wedding insurance was available for Indian consumers for some years, insurance companies had restricted its marketing to high-profile customers. These companies faced challenges...
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Strange things have been happening in the field of politics. The most notable trend is that businessmen now want to enter politics. 2015 saw...
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The Reserve Bank has introduced new procedures for banks to follow with regard to ATMs. It has advised banks to grout the ATMs to...
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In their effort to fulfil their crucial role as providers of banking service in the remotest areas of the country, and in order to...
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The Reserve Bank of India (RBI) has announced a repo rate cut by 25 basis points in June, yet another rate reduction by the...
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Being a parent is an amazing feeling, but parenthood comes with a lot of responsibility; from raising them to fulfilling their dreams and securing...
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A survey among banking professionals on the topic of Happiness@Work indicated that the coming in of a new CEO had varied levels of happiness...
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The Reserve Bank of India said there were 6800 instances of bank frauds involving Rs 71,500 crore in 2018-19. In the previous year, there...
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Nearly half (47%) of the respondents to a survey on Happiness@Work conducted by Banking Frontiers feel they get more happiness from colleagues in their...
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The government and regulators should facilitate a 10-fold growth in the volume of digital payments in the country in the next 3 years, the...
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Jet Airways was an Indian aspirational narrative of an effort literally taking to the high skies. But the dream ended on a sour note...
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The Reserve Bank of India is permitting banks to use Aadhaar for KYC verification provided the customer consent such use. The central bank has...
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The state of Maharashtra has seen as many as 46 mergers of non-viable urban cooperative banks till 31 March 2019, according to Satish...
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The Reserve Bank of India has recently allowed tokenization of debit, credit and prepaid card transactions to enhance the safety of the digital payments...
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Changes are perceived in regulations governing foreign direct investment so that Indian corporate can easily adopt this route: Foreign investment plays a very crucial...
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State Bank of India is organizing a countrywide customers’ meet, mainly to understand their grievances and enhance services. The bank’s officials are interacting with...
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The Reserve Bank of India is creating a specialized supervisory and regulatory structure for commercial banks, urban cooperative banks and NBFCs. The central board...
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The Mehsana Urban Coop Bank, a leading cooperative bank in Gujarat, has acquired R.S. Cooperative Bank of Mumbai, an ailing cooperative bank placed under...
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Axis Securities has been expanding its digital footprints and leveraging technology to offer simplistic solutions and it is increasingly focusing on its website and...
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The decision by major central banks and SWIFT to migrate to ISO 20022 is an opportunity for banks and corporates to improve operational efficiency...
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The digital strategy at Motilal Oswal Financial Services focuses on giving clients the best experience through state-of-the-art products and platforms and ensuring right information...
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Andhra Pradesh State Cooperative Bank (APCOB), the apex cooperative bank in Andhra Pradesh, is facilitating deployment of micro ATMs for all the 13 district...
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The high-level committee headed by Nandan Nilekani to study on deepening digital payments has submitted its report to the Reserve Bank of India. RBI...
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Digital transactions in India will grow four times in 2 years, expects the Reserve Bank of India. The central bank, which came out with...
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Banking Frontiers in association with The Weather Company, an IBM business, organised a round table on the growing importance of digitization in farming: The...
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The Reserve Bank of India said it is proposing a mobile application for visually impaired persons to help them identify Indian currency notes. At...
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Bangalore-based Nitstone Finserv is raising fresh funding of Rs 150 crore from new investors to finance its next phase of their growth. The NBFC,...
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RBL Bank has entered into a memorandum of understanding with the national public procurement platform, Government eMarketplace (GeM) to offer an array of services,...
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Organizations today are staring at increasing business complexity. A whole array of risks and opportunities emerge daily, not just from within but also outside...
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Bankers are not confining to their subject matter when it comes to reading. Their choice of books is an indication: Bankers seem to be...
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There is another round of mergers of public sector banks possible soon, according to news reports. The reports quoting a finance ministry official said...
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It is ‘buy now pay later’ solution that ePayLater offers to customers so that they can get access to an instant credit limit to...
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The shutdown of Jet Airways flights has resulted in several passengers not only being stranded, but their money being blocked as well. Approx Rs...
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New York City based robotic process automation startup UiPath has raised $568 million in Series-D funding, making it into a $7 billion company. The...
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PayNearby is a new-age fintech founded by Anand Kumar Bajaj. Its platform effectively connects banking, financial, insurance and many other services from multiple providers...
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Forbes, which compiled a first-ever list of the India’s Best Banks 2019 in terms of customer ser ice and technological advancements has ranked HDFC...
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Aadhar Housing Finance Ltd has donated a sum of Rs.51 lakhs to the CRPF Wives Welfare Association at CRPF headquarters, New Delhi. Rishi Anand,...
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Shriram General Insurance has aligned its operations to the government’s Digital India initiative by rapidly increasing its digital presence across platforms. An article in...
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Banks are not the main source of funding for MSMEs, an article in Banking Frontiers reveals. The article quotes Sudip Bandyopadhyay, group chairman, Inditrade...
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National Federation of Urban Cooperative Banks and Credit Societies (NAFCUB) has around 1600 urban cooperative banks and 50,000 cooperative credit societies as members. Jyotindra...
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On 13 January 2018, both the European Union and the United Kingdom adopted a legislation to usher in a quiet revolution, namely Open Banking....
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Ravi Lalwani: Which customer segments are showing maximum growth? Devendra Rane: Our customers are millennial, urban and tech savvy; they mainly use the mobile...
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An OBD (On-Board Diagnostics) device is viewed as a game changer by the motor insurance companies. A report in Banking Frontiers quotes Tarun Mathur,...
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On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting on 04-04-2019 has...
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NGFWs, antivirus, spam filters, multi-factor authentication and a comprehensive breach response plan all have an important job to do. But the issue rests with...
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HDFC Bank is ranked No 1 by the Euromoney Trade Finance Survey 2019 in two categories. The bank has been adjudged the best Asian...
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Changes in technology and automobile environment have impacted traditional auto insurance products, says a report in Banking Frontiers. According to Anurag Rastogi, member of...
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New forms of risks are emerging in the BFSI scenario, contend CROs of BFSI organizations the Feb issue cover story in Banking Frontiers titled...
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The formal merger of 3 Indian banks – Bank of Baroda, Dena Bank and Vijaya Bank – has happened on 1 April making the...
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The Reserve Bank of India is expected to issue guidelines for the setting up of a regulatory sandbox for promoting innovation in the fintech...
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Gujarat has one of the best banking networks in the country and the banking business in the state is well supported by the thriving...
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Several studies reveal that more than 50% of people who work in organizations see work as something to be endured, not enjoyed. It is...
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Kerala is soon to get a 2-tier cooperative banking framework when 14 district central cooperative banks in the state merge with the Kerala State...
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State Bank of India entered into a MoU with Bank of China, the 3rd largest bank in the world by capital size and one...
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Mumbai, India, 18th March 2019: FSS (Financial Software and Systems), a global payments technology company, has launched FSS Secure3D, a new-generation risk-based authentication solution...
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Innovative customer facing apps are now the key factors that drive successful business strategies in banks. Customers expect them to be butter smooth and...
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DCB Bank has launched its open banking platform in partnership with some 20 startups, fintechs, merchants and developers. This is part of the bank’s...
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Harshal Dunakhe is chief operating officer of Kores India. He has earlier been with several banking technology companies, including Diebold Systems and FIS Payment...
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Eleven Indian banks have signed up for SWIFT global payments innovation (SWIFT gpi) network to provide faster cross-border payment services to their customers. These...
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The economic and technological revolutions have created happiness for large sections of society, as compared to the past. Yet many pieces of the roadmap...
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Digital transformation offers real and tangible advantages but has concurrently catalyzed the prevailing risks to transform in complexity and to grow. This has transformed...
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DBS Bank has set up a wholly-owned subsidiary in India, DBS Bank India. This marks a key milestone for the Singapore bank, which has...
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Digital transformations in risk create real business value by improving efficiency and the quality of risk decisions, says the Banking Frontiers February cover story...
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The finance ministry has asked public sector banks to examine the feasibility of merger of some of the regional rural banks (RRBs) operating within...
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Organizations should also look for zero-touch provisioning to quickly connect and secure new branches with little expertise and no additional overhead. Growth in the...
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The proposed three-way merger between Bank of Baroda, Dena Bank and Vijaya Bank will be effective 1 April. Bank of Baroda said in a...
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Side-pocketing – the word is echoing nowadays in fixed income funds as well as their investors’ ears. The IL&FS rout has made the term...
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When Gerald Cotten, 30, the CEO of Canadian crypto exchange QuadrigaCX, died in a hospital in Jaipur rather suddenly and almost mysteriously, he also...
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Canara Bank has a new executive director. A. Manimekhalai, who was a general manager at Vijaya Bank has been appointed ED at Canara Bank....
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State Bank of India has partnered with Invoicemart to introduce digital invoice discounting service. Invoicemart will be a financier and the platform is expected...
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The banking experience has significantly evolved over the last few years. The emergence of new age technologies and changing consumer needs have created a...
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The urban cooperative banks will get an ‘umbrella organization’ as the plans of the Reserve Bank of India. The organization is intended to help...
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Jyotindra Mehta has been elected president of the National Federation of Urban Cooperative Banks and Credit Societies Ltd (NAFCUB), the apex body of urban...
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The finance ministry has decided to merge 2 regional rural banks in Tamil Nadu as part of a plan to consolidate public sector banks’...
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China tops the rankings of world’s leading fintech hubs, according to a feature in Banking Frontiers. It says China has fintech giants like Alibaba...
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Piramal Capital & Housing Finance intends to be a significant player in the home finance segment and plans to grow this business substantially...
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Capri Global Housing Finance, a wholly owned subsidiary of Capri Global Capital, intends to have a network of 232 branches from the current 76...
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The Union Minister for Finance, Corporate Affairs, Railways & Coal, Shri Piyush Goyal presented the Interim Budget 2019-20 in Parliament today, 01-02-2019. Here are...
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FICCI: focus on long term financing option for healthcare With roughly 5.8 million Indians succumbing to heart and lung diseases, stroke, cancer and...
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Kotak General Insurance: Lower GST from the current 18% to 5% Mahesh Balasubramanian, MD & CEO: Lowering the GST rate for insurance products will...
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Banking Frontiers organised an unconference on infrastructure and digital transformation in the BFSI industry, with Nutanix as the Knowledge Partner. Highlights of the discussions:...
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Hello readers…..best wishes to all of you for a very very happy new year. We all have shared such wishes with our loved ones,...
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If you Google the word Millennial you will unsurprisingly discover around 133 million search results. Millennials – an indulgently demanding generation – would refuse...
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Union Minister for Commerce & Industry and Civil Aviation Suresh Prabhu said at the 25th edition of the CII Partnership Summit, in Mumbai today...
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IBEX India 2019, the national-level trade fair for the BFSI sector, will be held in Mumbai on 23-25 January: Even as the Indian banking...
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Union Bank of India is proposing to raise up to Rs 600 crore by issuing shares to its employees under a staff stock purchase...
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Regulation: At the very beginning of PSD2, there are a lot of third parties that were not regulated. We lobbied against that. We also...
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Earnings derived from the sale of any capital asset are termed as capital gains. Such capital gains-short term or long term is taxed under...
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The Reserve Bank of India introduced a one-time restructuring scheme for MSMEs with a maximum exposure of Rs 25 crore. The restructuring has to...
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Push vs Pull: Banks were created initially to keep money safely. Now the opportunity is much more. People have been wanting all financial services...
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GST Council in the 31st meeting held on 22nd December, 2018 at New Delhi took a number of decisions relating to changes in GST...
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The NITI Aayog today unveiled its comprehensive national Strategy for New India, which defines clear objectives for 2022-23. It is a detailed exposition across...
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Disruption: PSD2 was not a choice for us. We are learning as we go. Security and regulations have been designed from the beginning. One...
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The year 2018 is coming to an end. And it has zapped so many leaders, that I am completely shaken and forced to re-think...
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Mallika Sathi, VP Security Solutions at Mastercard, shared her views in a SIBOS panel discussion on the role of banks in open banking scenario.Banks...
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Innovation is the much-sought elixir that is tough to get hold of. SIBOS 2018 had a panel discussion to explore the roots of the...
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Axis Bank hosted a unique ‘Jobex’, an exclusive mega job fair, to provide an employment platform for the retired personnel and children of Delhi...
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Digital signature and authentication firm eMudhra has recently come of with a flagship authentication tool, emAS, which has very unique features. Biju Varghese, senior...
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Future Generali India Life Insurance Co is today a completely serverless organization, reveals the company’s CTO, Byju Joseph. In an interaction with Banking Frontiers,...
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As insurance companies speak about simplifying their product offerings in order to achieve scale, it should be the customer, who should be at the...
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A visa study has found that while eCommerce continues to make strong inroads in India, for key occasions and festivities citizens still prefer a...
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The banking and financial services industry is going through a historic change today that is being driven by the constantly evolving preferences of modern...
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Is customer/user experience often in conflict with security in banks and financial services institutions? Vivek Gupta, CISO at Allahabad Bank, is of the view...
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Opting for Managed Security Services (MSS) including VA/PT and AppSec, anti-phishing and brand monitoring is the preferred option as compared to purchasing products and...
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Security specification FIDO, or Fast ID Online, can be a preferred authentication standard for banking transactions, feels Vivek Gupta, CISO at Allahabad Bank, stating...
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ATM service providers in India may be forced to close down nearly 113,000 ATMs by March 2019, warned the Confederation of ATM Industry (CATMi),...
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How should banks and financial services companies fine-tune their security policies to account for multi-cloud scenario, ie have complete security control when using cloud...
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Private equity firm True North is acquiring a 17.4% stake in the financial services unit of Federal Bank for Rs 1.68 billion ($23.5 million)....
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Challenging economic times dictate that banks need to seek radical ways to transform their operations. This is particularly true in lending operations, where opportunities...
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The Monetary Authority of Singapore (MAS) and the Singapore government’s GovTech are now working with the industry to facilitate financial institutions’ credit assessment of...
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Digital lenders are surpassing old and traditional institutions that are operating since decades and a recent Deloitte report says investments in fintechs who are...
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Most of the fintechs who are in the digital lending business in India today are lending to SMEs, according to a report in Banking...
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As India’s digital payments industry is expected to touch $1 trillion mark by 2023, the focus continues to be on lending among NBFCs, microfinance...
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An interaction with Harshal Dunakhe, COO, Kores India, on automation in Indian banks: Mohan: Indian banks are today on the threshold of a digital...
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Equitas Small Finance Bank completed an envious task of transitioning from an NBFC into a bank in a short span of 10 months and...
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Bank of Baroda is targeting to set 30 November as the record date for the acquisition of Dena Bank and Vijaya Bank. The bank’s...
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DBS Bank’s Asia Hub for Innovation, which is located in India, uses cutting edge technologies and develops applications for the bank’s operations. Alfian Sharifuddin,...
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Taiwan has an official Fintech Office under the aegis of the country’s regulator, the Financial Supervisory Commission (FSC). Set up in the late 2015,...
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Munish Mittal, CIO and group head-IT, HDFC Bank, says the bank is now preparing to adopt technologies of the future. In an interaction with...
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IDFC Bank is expected to change its name to IDFC First Bank following the proposed merger with NBFC Capital First. The bank’s board of...
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Organizations within the financial services sector continue to shift toward cloud-based services and infrastructure in order to expand their digital capabilities and address today’s consumer demand...
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HDFC Bank has seen transactions through digital channels rise from around 50% of the total 4 years ago to as much as 84% of...
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APAC Financial Services, founded by Gunit Chadha, ex CEO of Deutsche Bank Asia-Pacific, sees a highly compelling opportunity to deliver better outcomes for underserved...
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The growth of e-commerce has provided a clear perspective on what the customer wants – quick and hassle-free shopping. So we see e-commerce giants...
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Bank of Baroda is proposing to undertake a financial and tax due diligence exercise on the proposed amalgamation of Bank of Baroda, Dena Bank...
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Of the total commercial borrowing of Rs 54 trillion, the large corporate borrowing is 25 trillion, SME is 10 trillion, retail is Rs 12.5...
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Digit Insurance is a new insurance company in India that combines eCommerce and insurance. According to Vivek Chaturvedi, marketing head of the company, Digit’s...
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HDFC AMC, the mutual fund company of the HDFC group, increasingly depends on its online channel for increased business. Milind Barve, the company’s MD...
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IDBI Bank saw a marginal decline in its overall advances in 2017-18, but the growth in retail asset portfolio of the bank was broad-based...
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CreditAccess Grameen, is a micro-finance institution headquartered in Bangalore, focused on providing micro-loans to women customers, predominantly in rural areas. Finding the huge unmet...
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Rajesh Begur, managing partner at ARA LAW, feels asset reconstruction companies are a form of pooling vehicle and in fact cannot be described as...
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Several measures by regulators in the recent past are expected to make the functioning of asset reconstruction companies more feasible and effective, finds a...
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NBFCs these days depend in CPs and funding from insurance companies, says a cover story in Banking Frontiers. The story has the views...
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Kotak Mahindra Bank has been selected by the Telangana government as its exclusive banking partner for the Aadhaar Enabled Payment System (AEPS) service. AEPS...
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Non-banking financial companies, or NBFCs, need to take additional risks while raising funds as they are faced with higher rates of interest unlike the...
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Jordan is an ideal country for fintechs to set up and flourish, says a report in Banking Frontiers. The country has 70% of its...
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Bahrain Economic Development Board’s ED – Financial Services, David Parker says the Al Waha Fund, which the Board had facilitated, would offer funding to...
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Aavas Financiers has received funding worth Rs5.2 billion from high profile anchor investors ahead of its IPO that opens on 25 September. The Jaipur-based...
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Universal Sompo General Insurance has registered premium growth of 79.52% with net written business of about Rs23.1 billion in FY 2017-18 and it has...
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In a tête-à-tête with Dr Ravi Lalwani, Adi Dar, CEO, Cyberbit, reveals details about the new cyber risks threatening financial institutions in India and...
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The government has appointed 14 executive directors at public sector banks. They were promoted from the position of general managers. The new ED are:...
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In its efforts to focus on retail banking and to achieve growth, SVC Bank, the leading cooperative bank in the country, is taking competition...
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The government has appointed heads for 10 public sector banks. Of these, 5 are from State Bank of India. They are Mrutyunjay Mahapatra, Padmaja...
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SVC Bank, one of the top cooperative banks in the country, is giving a total focus on retail banking and it has devised strategies...
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Bank of India has identified the core building blocks in its efforts to digitize operations and the focus is now firmly on closing the...
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The Reserve Bank of India has strengthened the process for selection and operating procedure for internal ombudsman (IO) in banks. It has now made...
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Bahrain Economic Development Board facilitated the closure of the $100 million Al Waha Fund of Funds promoted by Bahrain Development Bank recently. David...
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Over the history, decision making has become democratized. Earlier only kings and priests used to make decisions. With the print revolution, more information became...
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India Post Payments Bank will be making use of the ‘Payments-in-a-Box solution of Financial Software and Systems (FSS) to bring a wide range of...
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While analytics cannot help print money faster, use of optimization algorithm can help optimize distribution of the scare resource (new currency) optimally across cash...
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Prime minister Narendra Modi launched the India Post Payments Bank (IPPB). The bank will start operations with 3250 access points in 650 districts across...
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AI is no longer a rocket science. With only a little bit of study, it can be set up even by novices and non-tech...
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The Reserve Bank of India has is understood to have set up a separate unit to take care of its intellectual capital rights. The...
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Fintechs are booming all over the world. In fact, there is a huge competition between various countries, and within a country, within various cities,...
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Cyber security firm Fortinet said its FortiGate SD-WAN product excelled in practically every category of the NSS Labs’ first Software-Defined Wide Area Networking (SD-WAN)...
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The National Payments Corporation of India (NPCI) has launched Unified Payments Interface (UPI) 2.0, which has additional features such as allowing customers to link...
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Chatbots are the newest face of digital transformation. Most leading banks and insurance companies in India have set up customer facing chatbots that are...
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Systematic investment plans (SIPs) are catching up with the Indian investing public, feels Rahul Agarwal, director at Wealth Discovery. In an interaction with Banking...
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Asian Infrastructure Investment Bank (AIIB) is providing investment in India by lending to projects in rural infrastructure, energy, environmental protection, transportation, telecom, water supply,...
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The government has extended the terms of office of non-executive chairmen of 2 public sector banks – Canara Bank and Bank of India. Accordingly,...
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Asian Infrastructure Investment Bank (AIIB) held its 3rd AGM in Mumbai and Banking Frontiers reported the proceedings. AIIB president Jin Liquin said much more...
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The board of directors of the Asian Infrastructure Investment Bank (AIIB) has approved an equity investment of $100 million in India’s National Investment and...
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Asian Infrastructure Investment Bank (AIIB) is of the view that Asia accounts for 50% of the global population but only constitutes 30% of the...
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Axis Bank is proposing to add 350 to 400 branches this year. The bank currently has 3800 branches. According to Rajiv Anand, executive director-Retail...
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Cyber security solutions company Fortinet has expanded the Fortinet Security Fabric offerings on Google Cloud Platform, which enables customers to better protect the expanded...
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Customer has always been at the center of the business, and enhancing customer experience (CX) has been a never-ending challenge for the financial services...
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CreditAccess Grameen Limited (CAGL), a leading Indian micro-finance institution headquartered in Bangalore, focused on providing micro-loans to women customers, covers 132 districts in the...
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Physical savings in India declined from 12.4% of the Gross National Disposable Income in 2014-15 to 10.7% in the recent past. What is the...
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Jagtial, Telangana-based Gayatri Cooperative Urban Bank intends to have 100,000 new customers in 2018-19 and it has introduced several new facilities and products in...
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Indian banks and financial institutions are well prepared to adhere to the provisions of GDPR, feel Akhilesh Tuteja, head of risk consulting, and Kunal...
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State Bank of India and Jio Payments Bank, which already have a partnership, have decided to widen its scope to include online banking service...
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With more than 1.1 million users, mostly SMEs, Biz2Credit, founded in 2007, is counted as one of the most trusted online credit resources in...
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The committee headed by Justice B.N. Srikrishna, constituted to examine issues related to data protection, recommend methods to address them and draft a data...
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GDPR contains a specific right for individuals – right to be forgotten. This means data erasure at the instance of the individual or cease...
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SBI Capital Markets will stop providing debt syndication and debt resolution services, according to its parent State Bank of India. SBICAPS and its Project...
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“We can comprehend the implications of GDPR on Indian entities by having a look at its extra-territorial applicability,” say Akhilesh Tuteja, head of risk...
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Pune-based Vayana Network aims to democratize access to trade finance so that the smallest of enterprises can access it and benefit from it. The...
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The government has asked the Reserve Bank of India to examine the possibility of merger of public sector banks to achieve synergy and scale...
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The Reserve Bank of India has directed cooperative banks to create Investment Fluctuation Reserve (IFR) with a view to guard against unforeseen fluctuations in...
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Manoj Agrawal interviews Gartner Research Director Marty Resnick Manoj Agrawal: What is the leading tech trend in mobile app space in the banking sector?...
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It is a ‘diagnostic’ and ‘curative’ organizational innovation initiative by the Telangana government for the exclusive benefit of micro and small enterprises in the...
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One frequent asked question is – what is the best way to reach customers. Voice will not be the only way you are inputting...
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US and China have had a frosty relationship since Trump became the US president. His main concern is the phenomenal trade gap between the...
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Manoj Agrawal interviews Gartner Analyst Mark O’Neill Manoj Agrawal: How many magic quadrants does Gartner publish regarding APIs? Which was the last one added?...
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The Indian government has announced a capital infusion of Rs 113.36 billion capital infusion in 5 banks owned by it – Punjab National Bank,...
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Manoj Agrawal interviews Gartner Vice President Van Baker Manoj Agrawal: How many magic quadrants does Gartner publish for AI, ML & DL? Which was...
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The wealth of HNWIs across the world crossed $70 trillion threshold for the first time in 2017, says the World Wealth Report 2018 (WWR)...
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Surat-based Prime Cooperative Bank has started financing self-help groups in order to expand its credit portfolio. It has also tied up with housing finance...
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HSBC has appointed Amitabh Malhotra as the head of Investment Banking for HSBC India. He will lead the investment banking and equity capital markets...
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A review of ‘Yogi on Dalal Street by Arun Thukral, MD & CEO, Axis Securities. There will be many books on wealth management and...
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By 2020, 30% of the organization that fail to adopt AI will not be operationally and economically viable, said Pankaj Prasad, Principal Research Analyst...
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Blockchain links are created in such a manner as to be irrefutable, allowing the financial institution to establish and maintain trust instantly, and can...
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HDFC Bank is partnering with ministry of electronics and IT to convert some 300,000 common service centers (CSCs) into banking correspondents for the bank....
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We all know that technology in the banking industry has been ever evolving. With the introduction of ATMs, web and mobile applications, kiosks, chatbots,...
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The Confederation of ATM Industry (CATMI) wants the current fee structure in the ATM industry to be changed, which it says is leading to...
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Many countries in the Middle East have come to realize that oil is no more a dependable commodity for their economies to prosper and...
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The Reserve Bank of India has reallocated portfolios of its deputy governors. Accordingly, the newly appointed deputy governor Mahesh Kumar Jain will have responsibility...
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The Reserve Bank of India has told banks upgrade their ATMs within a stipulated timeframe. The central bank feels the banks are not showing...
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V.P. Nandakumar, MD and CEO, Manappuram Finance, has set a target of 10 to 15% growth, even as the company has recorded a strong...
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Tracey Davies, president, Money2020, the leading industry conference for fintechs, outlines how Asia is emerging as a fintech frontier India, China, Singapore and Japan...
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Rural India is in distress mostly on account of the distorted policies of the government and pathetic implementation of schemes and programs. Take any...
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It is like a mission for Mahindra Rural Housing Finance to create dwellings for the rural folk. Anuj Mehra, MD, explains the importance of...
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YES Bank has received Sebi approval to function as a ‘custodian of securities’. The bank will now be able to offer custodial services to...
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With competition becoming nimbler and customers more digital, banks need to fight harder to stay relevant. They need to assess and overcome their operational...
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YES Bank’s shareholders approved the re-appointment of Rana Kapoor as the bank’s MD and CEO for a period of 3 years. The bank said...
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SVC Bank received the coveted National Payments Excellence Award 2017 awarded by National Payments Corporation of India (NPCI). The award is the highest recognition...
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M.K. Jain, MD & CEO, IDBI Bank, has been appointed as deputy governor of the Reserve Bank of India. The position has been lying...
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The Banks Board Bureau is expected to shortlist candidates for some 30 top-level appointments in public sector banks. The Bureau is expected to meet...
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Intro: Arun Chaudhry, head-Online Business & Product Development, Broking & Distribution, Motilal Oswal Securities, explains how technology has helped create a transformation in the...
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Asset Reconstruction Companies (ARCs) in India have been aggressively bidding for stressed assets post Insolvency Bankruptcy code (IBC). India’s largest ARC, Edelweiss ARC is...
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Banking operations in India were affected as some 10 lakh bank employees, primarily from the public sector banks, went on 2-day strike from 30...
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The Government is aggressively looking at recapitalization & restructuring of PSU banks, while PSU banks are juggling between NCLTs for recovery and higher...
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Airtel Payments Bank has appointed Anubrata Biswas as its MD & CEO. Prior to joining Airtel Payments Bank, he was joint general manager and...
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HDFC Bank has launched Digital Loans against Mutual Funds (LAMF), a first of its kind service. The facility, introduced in partnership with transfer agents...
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Kalpesh Mehta, partner, Deloitte India, speaks about the transition AI is bring to the financial services industry: Artificial intelligence is no longer artificial, but...
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Chattisgarh Rajya Gramin Bank has rolled out several major IT-enabled services in recent times, giving a number of benefits to the bank and its...
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Bank of Baroda has successfully located most of its operational activities at a shared service center (SSC) at the GIFT City near Ahmedabad. The...
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Peeush Jain, SVP, head – Retail Banking, Lakshmi Vilas Bank, speaks about the bank’s plans to expand operations and realize targets: N. Mohan: Lakshmi...
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Digital payments company PhonePe has registered over 400% growth in online gold sale since its launch in December 2017 and has become the top...
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Berlin-based mobile bank N26 is now reaching 1 million customer level across 17 European markets, its founder Valentin Stalf claimed. N26 had entered the...
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For financial services organizations, compliance is becoming more complex and is a different challenge than it has been in the past. With the increasing...
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YES Bank is planning to introduce a project to introduce sustainable agricultural practices and digital literacy among farmers in Haryana and Rajasthan. The bank...
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Banks have reported more than 23,000 fraud cases, which involves Rs1 lakh crore in the past 5 years, RBI has stated in response to...
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Subhash Chandra Khuntia, former chief secretary of Karnataka, has been appointed chairman of Insurance Regulatory and Development Authority of India. He is a retired...
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Absence of a true system can lead to issues that banks face today, feels Deepak Bhawnani, CEO, Alea Consulting, which specializes in reputation risk...
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The National Bank of Dubai (NBD) has become the first bank in the Middle East to successfully implement Blockchain technology in a cheque-issuance system...
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With the proliferation of digital, customers are expecting banks to offer solutions on social media. The findings of 183 year old Australia and...
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ICICI Bank has shelved plans to sell its stake in the wholly-owned subsidiary ICICI Home Finance. The bank’s ED Anup Bagchi said ICICI Home...
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It is the largest RRB in Andhra Pradesh: The Andhra Pragathi Grameena Bank, sponsored by Syndicate Bank, came into existence on 1 June 2006...
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The concept of affordable housing had remained a dream for most of the time for lack of any cohesive policies or genuine efforts on...
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The Reserve Bank of India has revised KYC norms for banks and financial entities to ensure that no account is opened in anonymous or...
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HFCs are benefiting from the three major reform measures – demonetization, RERA and GST Housing and housing finance are the two related industry segments...
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OpenTap is an early stage AltFin company, serving the middle to low income groups and working towards financially including blue collar workers who have...
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Kerala, which tops the country in matters of literacy, is in no way lagging behind in adoption of digital technology. The may soon be...
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Singapore’s DBS Bank is unique for using technology to make banking efficient, convenient and customer-centric. The bank’s CEO Piyush Gupta had bet big on...
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Karnataka Bank has added 10 lakh new customers in 2017-18. Stating this the bank’s MD and CEO Mahabaleshwara MS said while the Indian banking...
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State Bank of India UK has launched a subsidiary, called State Bank of India UK, which will take care of the retail business of...
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The fate of cryptocurrency is yet to be decided, but the Blockchain technology which was crafted to secure the cryptocurrency transaction is the buzz...
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IndusInd Bank customers can now use Samsung Pay. The bank has tied up with Samsung Electronics in this regard so that the bank’s customers...
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The Reserve Bank of India said it is deferring the adoption of Ind-AS, or Indian Accounting Standards, by banks for a year, because banks...
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Certifying Authority eMudhra is helping the government and businesses digitize their processes. It has now come out with a new product emSigner. V. Srinivasan,...
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Jio Payments Bank, the payments bank sponsored by Reliance Industries, has commenced banking operations. The Reserve Bank of India said in a notification, the...
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India Post Payments Bank is all set to launch banking services at the customers’ doorstep soon. Customers will be able to withdraw cash as...
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While digital adoption in finance sector is all time high and companies are exploring many technologies, Indian insurers believe digital will have its...
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Bandhan Bank, which completed a successful IPO, saw its shares rose to Rs. 498.40 on its trading debut before closing at Rs 477.20, with...
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It has also led to development of banking sector in the country Kenya’s banking sector has its roots related to banking in India. The...
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The history of the cooperative movement in Andaman & Nicobar Islands is very interesting. It began when the Cooperative Societies Rules were framed in...
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Jyoti Singh, Insolvency and Disputes Partner at Phoenix Legal, says that SICA and SARFAESI couldn’t take off due to various constraints like the...
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Bank of India is proposing to engage a HR consultancy firm to help it develop a talent pool as well as in succession planning....
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SBI General Insurance Co is making its presence felt in the general insurance space, says Rikhil Shah, its CFO. He also mentions that the...
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Most businesses believe that Artificial Intelligence (AI) is poised to acquire cult status, and everyone is taking steps to prepare for it. Many have...
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Recently, WhatsApp made its much-awaited entry into the digital payments space and the question that existing players are asking is – how will this...
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Bank of India said it has closed its representative office in Yangon in Myanmar. The closure has taken place in mid-January, the bank said....
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Technology heads of banks and financial services institutions as well as companies that provide technology to the BFSI sector share their perspectives on disruptions...
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Intro: The bank plans to revamp the core banking system and allied applications: The Maharashtra State Cooperative Bank is the only cooperative bank in...
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Private sector banks in India will account for half of the country’s banking industry in the next 5 years, says Uday Kotak, executive vice...
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The IPO of Bandhan Bank got subscribed by 14.62 times on the third and final day of the bidding process on Monday. The IPO...
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The Reserve Bank of India’s Consumer Education & Protection department is taking up a project to computerize the management of complaints that the public...
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YES Bank has launched a new robotics based digital export and import payments solution as a part of its comprehensive YES TRANSACT Smart Trade...
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The Reserve Bank of India has banned the use of letters of undertaking (LoUs) and letters of comfort (LoCs). The action has been prompted...
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The Reserve Bank of India has told foreign banks to create sub-targets in their priority sector lending targets to mandatorily offer a portion of...
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The Reserve Bank of India has asked banks to connect their CBS systems with the SWIFT messaging system by April-end. The directive comes in...
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The Central Vigilance Commission has directed public sector banks to transfer senior bank officers, who have held positions at a particular branch of officer...
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At 17, Vitalik Buterin, a mathematics and programming prodigy, started to uncover the vast potential of blockchain. He saw a prodigious opportunity to circumvent...
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Ajit Venugopalan, MD, SVC Bank, reveals that in the next 5 years, the bank intends to double the growth in all the major parameters:...
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There is this Softbank backed insurance startup Lemonade operating from New York City, which professes its capability to settle a claim in 3 seconds....
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India’s banking industry is registering a high growth trajectory owing to the improved economic fundamentals, which is a combined result of government reforms, investments...
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IWhat #VCs keep in mind while investing in #Fintechs? How VCs look at different exit strategies in #Fintechs? Sanjay Mehta, Angel Investor explains how...
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Mahindra Insurance Brokers, a subsidiary of Mahindra & Mahindra Financial Services, and which undertakes the business of insurance broking, has received the CMMI Institute’s...
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Asit Oberoi, group president and global head, Transaction Banking Group at YES Bank, and Sourabh Chatterjee, head – Digital & Technology at Bajaj Allianz...
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Health insurance is a low priority for Indians. This perception needs to change because an insurance cover can help a person meet a medical...
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The Reserve Bank of India has told banks that they should, instead of resorting to interim measures like restructuring bad loans, should take up...
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The branch network of India Post Payments Bank is expected to become operational by May 2018. The postal department has made an investment of...
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A study jointly conducted by rating agency Crisil and ASSOCHAM said the gross non-performing assets (NPA) in Indian banks would touch Rs 9.5 lakh...
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HDFC Bank has crossed Rs 5 trillion market capitalization for the first time. It becomes the third Indian entity to reach this milestone. The...
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India’s growth is poised to pick up in the coming fiscal year, as structural reforms clear bottlenecks and a streamlined goods and services tax...
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Dilip Asbe, who is now acting CEO of the National Payments Corporation of India, has been appointed MD and CEO. Asbe who was COO...
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The Reserve Bank of India has directed banks to start offering Rs 200 notes through ATMs. It has asked the banks to recalibrate the...
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Bandhan Bank has filed papers with Sebi for its IPO intending to raise around Rs 2500 crore. The bank said in a statement it...
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The Asia Pacific Fraud Management Insights – 2017, prepared by Experian, a credit bureau and a global data analytics company in association with IDC,...
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Cooperative credit societies in India are expanding across the length and breadth of the country. They are not only opening their branches in small...
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Banks and financial institutions have encountered several issues while implementing GST. However, they are equipped to overcome these While the introduction of Goods and...
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There is an oligopoly structure in banking sector in Sri Lanka with 8 banks having market share of 85%. But now there is competition...
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Fintech startup company Lendingkart has raised Rs25 crore in debt from State Bank of India. This is the first such funding that State Bank...
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Gross NPAs of private sector banks have gone up 40.8% on a yoy basis as of 30 September 2017, according to the Financial Stability...
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HDFC Bank has issued around 3 lakh InstaCards, its instant credit cards in a year of its launch by the bank. InstaCards are delivered...
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JPMorgan Chase and Barclays have become charter members of a quantum computing network established by IBM, the IBM Q Network, which is a widely...
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Reliance Nippon Life Insurance saved $9mn by investing mere $0.1mn in Analytics. Sunder Krishnan, Chief Risk Officer adds that company is already selling 46%...
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South Indian Bank said it has done overseas transactions using blockchain technology in partnership with a leading currency exchange house in the Gulf. The...
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The Reserve Bank of India has barred cooperative societies using the word ‘bank’ in their names. In a statement, the central bank said some...
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Axis Bank said it has launched instant international payment services using the enterprise blockchain technology solution from Ripple. The bank’s retail customers in India...
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The number of merchants opting online payments is significantly low in India, to bring more merchants onboard, the card payment industry with govt developed...
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A full bench of the Central Information Commission (CIC) has ruled that Indian Banks’ Association (IBA) is public authority under the Right to Information...
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It is evident that our society is in a transition phase where more and more wealth creators think of themselves as entrepreneurs rather than...
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Sibos 2017 held in Toronto in October and organized by SWIFT, the international network to send and receive information about financial transactions, has been...
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Digital is redefining just about every industry today and the financial sector is at the forefront of this trend. India is no exception, with...
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Canara Bank is proposing to sell stake in its asset management and housing finance units. The board of the bank has formally approved the...
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The Reserve Bank of India is proposing to have a multimedia and multilingual campaign to create awareness among people about banking regulations and initiatives...
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RBI governor Urjit Patel has been appointed to the Financial Stability Institute Advisory Board of the Bank of International Settlement (BIS). BIS is a...
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Federal Bank intends to make a strategic investment in a microfinance company. Stating this, the bank’s MD and CO Shyam Srinivasan said the bank...
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Reserve Bank of India will not pursue the proposal for introduction of Islamic banking in India. The central bank, in reply to an RTI...
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Abhishant Pant’s cashless journey in Singapore & India demystify realistic picture of the payment environment.
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The numbers say that the Indian economic momentum is slowing down. Indian GDP growth rate rose to a peak of 9.1% in March 2016....
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Fino Payments Bank, which launched its operations recently, intends to make a difference with its acquired exposure to the rural masses as Fino Paytech....
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Two months after launching Fino Payment Bank, Rishi Gupta, MD & CEO of the bank explains why Fino has chosen Physical & Digital model....
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Mahindra Finance today stands tall among the NBFCs in the country with an emphasized focus on rural finance. Ramesh Iyer, VC & MD of...
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Indian banks are facing the prospects of their bad loans rising by Rs 40,000 crore mark as 8 consortium accounts of Axis Bank have...
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State Bank of India Foundation has given a financial grant of Rs 10 crore to the Central Railway for the project of restoring the...
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IndusInd Bank said microfinance institution Bharat Financial Inclusion has merged with it. The boards of directors of the two institutions had earlier approved the...
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A Crisil study says Indian banks would need as much as Rs 3.3 lakh crore in 2017-18 to provide for non-performing assets. “Our estimates...
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Growing volume and complexity of transactions is creating challenges in Recon. Kundan Shekhawat(Technologist) and Rajnish Khare(Banker) discuss the challenges and the desired solutions. To...
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Banking Frontiers organized a roundtable of bankers and insurers related to the agri sector to discuss the emergence and adoption of weather related technologies...
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Paper-based transactions have come down in India considerably, according to data from the Reserve Bank of India. These transactions have fallen from Rs 100...
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Canara Bank has introduced robots for customer care at two of its offices in Bengaluru. Doing services are Mitra, a humanoid developed by a...
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As many as 1000 bank branches of 42 banks have opened Aadhaar enrolment and updation centers within their premises, said the Aadhaar issuing organization...
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Gopinath Patil Parsik Janata Sahakari Bank, which has a state-wide presence of branches, is comparable to any private bank in its functioning Gopinath Patil...
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Banks and financial services institutions can now take easy lending decisions. Digitization has not only transformed the decision-making process, it has also changed the...
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The government in a major policy shift in August 2015 had appointed private sector professionals to head two public sector banks – Bank of...
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Bank of Baroda and Amazon India have tied up to help sellers on the latter’s platform to get adequate working capital. Amazon will provide...
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IDBI Bank has exited Clearing Corporation of India (CCIL) after it sold its stake of 2.5% constituting 12.5 lakh equity shares. The price the...
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State Bank of India is proposing to list two of the 18 regional rural banks (RRBs) it sponsors. It has aligned with NABARD to...
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Shishir Mehta Nikita Nehriya Praneetha Vasan The Insolvency and Bankruptcy Code, 2016 was introduced to consolidate laws in relation to reorganization and insolvency resolution...
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The Reserve Bank of India said Rs 15.28 lakh crore – or 99% – of the Rs 15.44 lakh crore demonetized in November 2018...
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Another urban cooperative bank achieves a milestone of a 100 years: Karad Urban Co-operative Bank completed 100 years of its existence on 24th January...
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Transaction banking is a veritable money spinner for banks with strong corporate banking focus. What are the new trends in this domain? Heads of...
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On 1 August cryptocurrency Bitcoin split into two. One of the resultant entities retained the Bitcoin name, while the other went by the moniker...
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Sumit Gupta, group president & national head, Business & Rural Banking at YES Bank, speaks about the bank’s latest partnership with OPIC and Wells...
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Insurance companies have an inherent bias towards resisting any fast, comprehensive changes. Even within the business value chain, the underwriting business function moves the...
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Lakshmi Vilas Bank is proposing to give more weightage to its MSME business and aims to target a loan book of Rs 10,000 crore...
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HDFC Bank organized a training workshop for cyber-crime responses for Mumbai Police. The workshop was intended to update the skill sets of law enforcement...
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Two regional rural banks sponsored by the State Bank of India will come out with IPOs soon. SBI is proposing the IPOs of two...
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Bank employees are most likely to strike work on 22 August as the talks between the Indian Banks’ Association (IBA) and the unions held...
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State Bank of India has come out with a SBI Gram Seva, a new CSR initiative aiming to adopt some 500 villages over the...
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Canara Bank introduced two digital products – ‘Bharat QR’, a platform for payment settlement at merchant locations, and Bharat Bill Payment System, the integrated...
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ICICI Bank has introduced instant credit cards. This first-of-its-kind offering in the Indian banking industry allows savings account customers of the bank to get...
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Various unions of bank employees have called for a nationwide strike on 22 August to protest mainly against privatization in the sector and proposed...
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The Reserve Bank of India has set up a committee to consider creation of a Public Credit Registry (PCR) to be operated by it....
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The Reserve Bank of India is proposing cyber audits of all banks, according to officials of the central bank. It had earlier stipulated that...
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Banks need to be extra-cautious about the possibilities of ransomware attacks. Atul Gupta, partner – IT Advisory and cyber security lead, KPMG in India,...
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The recently promulgated ordinance to amend the provisions of the Banking Regulation Act of 1949 is a welcome legislation for the banking fraternity. It...
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Vivek Gupta, DGM & CISO at Allahabad Bank, speaks on key security challenges facing banks today Manoj Agrawal: Many mobile wallets have been designed...
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Banking is one sector that is exceptionally impacted by the emerging technologies and swiftly changing customer expectations. The sector is also challenged by disruptors...
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The printing of Rs 2000 currency notes has been stopped by the Reserve Bank of India for the time being, according to news reports....
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Bank of Baroda has entered into a MoU with the Directorate General of Supplies and Disposals (DGS&D) of the government of India for extending...
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The Unique Identification Authority of India (UIDAI) has asked banks to set up Aadhaar enrolment centers in their premises. UIDAI feels this will facilitate...
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Two public sector banks have new heads. Rajkiran Rai G, who has been ED at Oriental Bank of Commerce is the new MD and...
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A recent RTI query on safe deposit lockers has secured a weird answer from the RBI and 19 public sector banks. The response to...
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Indian Banks performed extremely well in meeting customer expectations in areas of digital payments, omnichannel experience, staying connected and in person service. However, the...
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Payments system company ItzCash said it is rolling out ‘Bharat QR code’ feature across its retail network. Consumers can now scan and pay money...
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MSME lending has always been a challenge for banks. TAB Capital, a new NBFC, is converting that challenge into an opportunity: Digital India is...
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The central government has issued a notification stating banks and post offices in the country can now deposit the demonetized Rs 500 and Rs...
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At least 4 public sector banks have been told to informally explore possibilities of merger or acquisition of small and mid-sized banks. According to...
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Emirates NBD group has appointed Maryam Bahlooq as CEO of Tanfeeth, a full-owned subsidiary of the group. She is the first Emirati woman to...
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The capital requirements of India banks could be in the range of Rs 70,000-Rs 95,000 crore over the next two to three years and...
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Federal Bank is targeting to reach more than 1 lakh merchants for UPI transactions this financial year from the current 20,000. The bank’s COO...
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The Reserve Bank has appointed S. Ganesh Kumar as an executive director. He comes in place of Chandan Sinha, who has sought voluntary retirement....
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Credit information bureau TransUnion-CIBIL unveiled its new tool, CreditVision, which it says will help banks carry out better credit appraisals before taking a decision...
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The Reserve Bank of India is pushing for account number portability in the banking sector. RBI’s deputy governor S.S. Mundra told a conference in...
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The finance ministry has started the search for chairman of the State Bank of India. The term of incumbent Arundhati Bhattacharya ends on 6...
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The Reserve Bank of India has released an advertisement calling for applications for the position of a deputy governor. This is for the first...
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The Reserve Bank of India has reconstituted the oversight committee in the light of the Banking Regulation Ordinance 2017 to include more members so...
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DBS Bank India has launched a unique open architecture model on a single platform in the life insurance segment by expanding its strategic partnerships...
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Fincare Small Finance Bank is the name that DishaMicrofin’s venture has. It is about to launch operations and intends to be a fintech company...
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The Reserve Bank of India,after initiating the process of setting up payments banks and small finance banks as part of its plan to introduce a...
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Chhattisgarh chief minister Raman Singh has been actively modernizing and promoting the state. Likewise, Chhattisgarh Rajya Gramin Bank chairman R.K. Gupta is equally active...
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Banks Continue to face to robberies and attacks.Physical security heads have envisioned smart solutions to deter criminals: The violence in Kashmir has now extended...
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Paytm Payments Bank has a new CEO. The bank has appointed Renu Satti, replacing Shinjini Kumar, who is leaving the organization. The payments bank...
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Paytm Payments Bank announced it will start operations on 23 May. The bank said it has received the final license from the Reserve Bank...
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The Reserve Bank of India is planning to appoint a chief financial officer. The central bank has invited applications from prospective candidates – both...
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The Reserve Bank is upgrading its currency movement and storage system. The process is expected to cover around 4000 currency chests across the country....
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The Reserve Bank of India said it is placing IDBI Bank under watch in view of increasing bad loans. The bank said in statement...
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The government moved heads to two top public sector banks to second level banks and appointed 5 news MDs and CEOs at the state-run...
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The central government has approved a set of key measures to handle non-performing assets (NPA) in the banking system and has sent the suggestions...
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ICICI Bank is proposing to create 500 more ICICI Digital Villages by the end of 2017. The bank revealed the plan at a function...
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Deputy governor of the Reserve Bank of India Viral Acharya thinks it is time for considering reprivatization of some of the PSU banks. He...
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The Reserve Bank has told banks to create policy on responsibilities of the chief risk officer. The regulator intends to bring in some sort...
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RBI governor Urjit Patel said there is scope for a consolidation in the banking sector in India and feels the banking system in the...
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The Reserve Bank of India is proposing the setting up of long term finance banks. The central bank has issued a discussion paper in...
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State Bank of India has unveiled a new brand identity. The bank said the new identity is intended to position it as a technology...
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Aditya Birla Idea Payments Bank, the payments bank sponsored by the Aditya Birla Group has received the final license from the Reserve Bank of...
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Mahesh Kumar Jain, who demitted office as MD and CEO of Indian Bank, has taken over as MD and CEO of IDBI Bank. This...
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The consolidated State Bank of India has come into existence. On 1 April, the five associate banks – State Bank of Mysore, State Bank...
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The National Payments Corporation of India (NPCI) has launched a UPI platform for the retail sector which enables payments at shops by scanning QR...
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Kotak Mahindra Bank is launching India’s first full service digital banking ecosystem on mobile. Called ‘811’, it is expected to drive the bank’s organic...
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There are at least 26 firms that are keen to partner with India Post Payments Bank. According to union communications minister Manoj Sinha these...
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There are no plans at the moment to introduce new denomination currencies, the Reserve Bank of India deputy governor N.S. Vishwanathan has said. Giving...
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The Reserve Bank has placed four public sector banks under watch advising them not to deal in risky assets. The banks include IDBI Bank,...
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The cross-border payments space is undergoing a rapid transformation, as it adapts to accommodate greater regulatory complexity, diminishing margins, increasing competition, expanding business and...
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The government announced that CEOs of Indian Bank and IDBI Bank would swap their position from the beginning of the financial year. Accordingly, M.K....
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Banks in India are using multi-channel strategy to promote the sales of the credit cards: There has been potential rise in the overall credit...
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Mayank Mehta, Executive Director, Bank of Baroda and Harideesh Kumar B., Executive Director, Canara Bank, expect credit growth boost from the Union Budget 2017...
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The Association of Mutual Funds in India has launched a comprehensive media and communication campaign as a part of the mutual fund industry’s investor...
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IndusInd Bank is set to acquire 100% stake in IL&FS Securities Services, a company promoted by Infrastructure Leasing and Financial Services. The bank has...
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Devang Mody is the new CEO of Reliance Commercial Finance, a subsidiary of Reliance Capital. Mody has been president of Consumer Business at Bajaj...
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B.P. Kanungo has been appointed deputy governor of the Reserve Bank of India. He is expected to take charge on 3 April after incumbent...
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Devang Mody is the new CEO of Reliance Commercial Finance, a subsidiary of Reliance Capital. Mody has been president of Consumer Business at Bajaj...
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Public sector banks may now be offering stock options to their employees to attract and retain talent. The proposal has been given in-principle approval...
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The government has told banks to link all savings accounts with mobile and Aadhaar numbers by 31 March. An official statement said this is...
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Banking operations were severely affected by the day-long, nation-wide strike called by employees of public sector banks on 28 February. News reports came in...
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State Bank of India is investing highly in technology not just to simplify banking but to pursue its ambition of become a global...
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IDFC Bank is implementing a plan to make ration shops banking outlets. It is enrolling Public Distribution System agents as business correspondents. The bank...
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BharatQR, the world’s first interoperable and lost acceptance solution, has been launched. The solution, developed by National Payments Corporation of India (NPCI), MasterCard and...
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The union government has accorded formal approval for the merger of State Bank of India and its 5 associate banks. Finance minister Arun Jaitley...
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Royal Bank of Scotland is digitizing its operations that will enable offering business loans within hours. The bank is introducing a site called ‘Esme”...
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The National Payments Corporation of India wants all the public sector banks in the country are integrated with the Bharat Interface for Money or...
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Arundhati Bhattacharya, Chairman, SBI: This year’s Budget has maintained logical continuity from the previous year’s Budget. As far as new announcements are concerned, most...
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Arundhati Bhattacharya, Chairman, SBI: This year’s Budget has maintained logical continuity from the previous year’s Budget. As far as new announcements are concerned, most...
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Chinese banks have for the first time outpaced western brands in brand ranking. The 2017 Brand Finance Banking 500 report says there has been...
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There have been several mishaps pertaining to demonetization. The protests have been even louder. PM, FM and other government representatives have outlined and emphasized...
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The Reserve Bank of India has given the formal license to India Post to operate its payments bank. An official of the department of...
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Digitization has been the catch phrase for banks in 2016. Mobile-based payment solutions, blockchain technology, self-service, social media-based transactions and seamless P2P transactions are...
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Gunjan Ghai, senior vice president and national head, Banking & Marketing and Product Development at SBI General Insurance, feels a young insurance company with...
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State Bank of India has set up an ATM aboard INS Vikramaditya, the largest warship and the latest aircraft carrier of the Indian Navy....
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YES Bank has entered into a strategic partnership with Andhra Pradesh Non-Resident Telugu (APNRT) Society, a government of Andhra Pradesh initiative to unite the...
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The Reserve Bank of India intends to set up what is described as a financial sector resolution corporation. Announcing this while addressing a banking...
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Andhra Bank has launched a cashless transaction system using mobile phones and Aadhaar number for validation. Called AB eVyapar, the system will have a...
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HDFC Bank has launched the 2nd edition of its Digital Innovation Summit, which is expected to be a platform for start-ups to showcase their...
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The Reserve Bank of India is providing Rs 1 billion to the Nepal Rashtra Bank to meet the shortage of Indian currency in Rs...
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State Bank of India is planning to launch SBI Digi Bank, which will be a branchless banking system. According to news reports the Digi...
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The Reserve Bank of India said in a notification that non-resident Indians (NRIs) can exchange old Rs 500 and Rs 1000 notes till 30...
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There is lot of brouhaha on digital currency these days globally.Several countries are initiating projects to experiment and finetune systems they believe will simplify...
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ICICI Bank and Twitter are partnering to integrate a slew of digital customer care support features for the bank. The partnership will be benefiting...
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Allahabad Bank has merged its wholly-owned subsidiary AllBank Finance with itself. The merger is subject to regulatory approvals. AllBank Finance is the merchant banking...
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The Reserve Bank of India has penalized five foreign banks for violation of its instructions on reporting requirements under the FEMA. The concerned banks...
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A pilot on a blockchain-based gold trading platform has been successfully completed by a group of global banks and financial institutions recently. Some 600...
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P2P lending is gaining a major foothold in India. Four major operators discuss the prospects and how technology is the distinguishing factor in the...
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Tejasvi Mohanram, founder and CEO, RupeePower, has been nominated to the list of top 100 fintech people in Asia by NextMoney. The #FintechAsia100 list...
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Aditya Puri, MD, HDFC Bank, has been named the Business Standard Banker of the Year for 2015-16. He was selected by a six-member jury...
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Microsoft is partnering with Taiwan’s AMIS and the Industrial Technology Research Institute of Taiwan (ITRI) to form Asia’s first consortium blockchain network on Azure....
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YES Bank is collaborating with eGrocer Grofers to deliver cash up to Rs 2000 to customers along with grocery. The bank said in a...
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The board of State Bank of India has taken a decision to offer a voluntary retirement scheme to the employees of SBI associate banks....
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At least 26 Indian banks have been victims of theft of personal information of customers by phishing websites, according to US-based cyber security firm...
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The demonetization of the Rs 500 and Rs 1000 currency notes has taken the country by surprise, but it is a big bold move...
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Intro: Stessa Cohen, research director, Gartner, highlights how banks and solution providers should prepare for digital banking platforms Brian Pereira: How do you define...
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Tata Capital offers some unique products – loan for marriages and Prapti Home Loans for example. Govind Sankaranarayanan, COO – Retail Business & Housing...
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Utkarsh Micro Finance has received the final approval from the Reserve Bank of India to start operations as a small finance bank. The firm...
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While banks are not able to fulfil the needs of the economy in entirety, shadow banking (essentially constituting NBFCs) has to step in. Shadow...
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Finance minister Arun Jaitley told banks in the country to vigorously promote digital banking. He said banks should be on mission mode as there...
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When I first heard the news about currency demonetization, my first reaction was that the government is on a roll, taking big steps. There...
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Piyush Gupta, group CEO, DBS Bank, outlines his 3-year effort to completely digitize the bank and how the effort paid off with better financial...
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While newspapers today have regular columns on startups, what is really making waves is the fintech startups that strive to change the way we...
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The Reserve Bank of India is flush with cash as banks have deposited a huge Rs 4.32 lakh crore of their excess liquidity with...
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Financial Crimes are growing in frequency and complexity. New advances in technology provide malicious insiders and organized criminals more opportunity to commit crime. Additional...
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Banks have been directed to use indelible ink to prevent multiple exchange of demonetized currency at bank counters. The move comes in the wake...
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As much as Rs 2 trillion have been deposited in banks in India following the government announcement of demonetizing Rs 500 and Rs 1000...
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The union government demonetized the existing Rs 500 and Rs 1000 notes and replaced them with newly designed Rs 500 and Rs 2000 notes....
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Software corporation Wipro said it is launching an open banking API platform for the benefit of banks and financial services institutions. The company feels...
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State Bank of India has chosen ATM maker NCR for meeting its ATM requirement in the next 7 years. The bank intends to deploy...
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The central government is learnt to have decided to appoint V.K. Sharma as the chairman of LIC of India. He is MD of LIC...
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Sven Bossu currently heads Sibos, undertaking the responsibility of organizing the highly successful financial services event. He speaks to Banking Frontiers at the recently...
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Kevin Johnson is head, Innotribe Innovation Programs, SWIFT. Innotribe was created to identify emerging trends in financial services innovation and generate discussions about how...
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Reserve Bank of India has told banks to review their existing cyber security systems in the light of the debit card data breach involving...
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Your personal assets such as car, phone, house and even valuables are locked when not in use. What about your credit or debit card?...
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Qatar Islamic Bank (QIB) has launched a new service specifically for women to meet their financial needs and to empower all citizens in the...
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Lakhs of small businesses and entrepreneurs are turning to platforms that can help them manage payments received from international clients With increased globalization, more...
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Kerala based Calicut Co-op Urban Bank has dramatically reduced its gross NPA from a high of 32.36% in March 2003 to a low of...
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Rise Accelerator, which has been set up by Barclays and managed by Zone Startups, has announced its first cohort comprising 10 fintech startups. It...
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Bhagini Nivedita Sahakari Bank was established in 1974 in Pune with the primary objective of providing banking services to help uplift the standard of...
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Currently the bank has automated hourly data backup where the data is copied on the backup server every hour. Also, daily closing backup is...
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Corporation Bank is proposing to disburse Rs 4500 crore to MSMEs in the next few months. An official of the bank said the bank...
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The Reserve Bank of India has come out with operating guidelines for small finance banks and private banks, which provide an exemption for small...
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State Bank of India has entered into a MoU with IIT Kharagpur to foster innovation in the financial technology space. The program includes ideation,...
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Pune based Janata Sahakari Bank had nearly 14 lakh customers at March end of 2016. The bank plans to add about 2 lakh new...
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It would be quite cliché to talk about the significance of business continuity planning for banks, but has IT disaster recovery automation become an...
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The Reserve Bank of India said banks can publish photographs of only those borrowers who have been declared wilful defaulters in terms of the...
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RBI deputy governor S.S. Mundra said banks cannot be driverless cars. Speaking at the third banking and economic conclave organized by State Bank of...
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Bank of India has sold 18% stake it holds in the insurance joint venture Star Union Dai-ichi Life Insurance Company to its Japanese partner. ...
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A trial court in the Philippines has ordered the Bangko Sentral ng Pilipinas to return to the Bangladesh central bank a recovered portion of...
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Chinese e-commerce firm Alibaba Group’s wholesale trading platform Alibaba.com is partnering with Kotak Mahindra Bank, IDFC Bank, Aditya Birla Finance, Delhivery and DHL to...
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Banks can take a cue from wallets on improving customer experience and thereby drive adoption. The low adoption of mobile or online banking highlights...
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Deputy governor R. Gandhi will hold charge of the monetary policy department as per the reallocation of portfolios carried out by the new governor...
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HDFC Bank have overtaken Reliance Industries to become the second most valuable company on BSE. It is the first time that the bank has...
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Banks can now sell their stressed assets to securitization companies, reconstruction companies, other banks, non-banking finance companies and financial institutions apart from asset reconstruction...
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The National Payments Corporation of India (NPCI) has launched a pilot project for Bharat Bill Payment System (BBPS). There are 26 Bharat Bill Payment...
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SWIFT has sent notices to several banks around the world warning them of breaches in the system and asking them to improve their security...
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Payment system functionaries, payment system providers and select business heads involved in payments systems participated in a roundtable on Payments OCFP organized alongside PayNext...
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R.C. Lodha, ED, Central Bank of India, outlines the credit growth projection of his bank and the likely banking industry scenario post implementation of the 7th...
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The annual study ‘Top of the Pyramid’ by Kotak Wealth Management and Ernst & Young, give an insight into the varying perceptions of the...
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Brian Pereira: What is the big marketing challenge you face, specific to your region or market? Vikram Krishna: Emirates NBD is well positioned at...
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FirstRand Bank is focused on building a strong commercial banking franchise in India. The key value proposition that FRB is bringing to SMEs and...
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Banking Frontiers organized the fourth edition of PayNext Insights conference, highlighting the recent innovations in the payments space. Here are the highlights of the...
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JPMorgan Chase is entering car-buying business. It is tying up with TrueCar, an online car buying site, to launch a digital product using which...
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Unified Payments Interface (UPI), developed by the National Payments Corporation of India, went live for customers of 21 banks. UPI is expected to bring...
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Corporation Bank and LIC Mutual Fund Asset Management Company have tied up to facilitate distribution of the latter’s mutual funds products through the bank’s...
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Deputy governor Urjit Patel is the new governor of the Reserve Bank of India. The government announced Patel’s appointment after high level discussions and...
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The State Bank of India has formally approved the share swap ratios for the merger of five associate banks and Bharatiya Mahila Bank with...
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Islamic banking assets in Malaysia constitute 27% of the total banking assets in the country, surpassing the targeted 20% under Bank Negara Malaysia’s financial...
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Temasek Holdings has acquired shares of ICICI Bank. The Singapore’s government owned investment company has bought 2.55 million American depositary receipts of the bank...
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RBL Bank is all set to sell its shares to the public with an aim to raise around Rs 1211 crore. The bank’s three...
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The union cabinet has in July 2016 approved most of the recommendations of report of the 7th Central Pay Commission. It has ratified a...
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The Reserve Bank of India has announced new guidelines for entities seeking to set up banks in the country. The guidelines, which are intended...
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The State Bank of India expects to complete merger of the five associate banks with it by March 2017, says Arundhati Bhattacharya, chairman of...
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The Reserve Bank of India has imposed penalties on three banks for their involvement in a foreign exchange scam unearthed in 2015. Bank of...
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Anthony Jacob, CEO, Apollo Munich Health Insurance, outlines the company’s strategy to design the right products, price them right, and most importantly provide right...
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Suvo Sarkar: Senior executive VP & group head – Retail Banking and Wealth Management, Emirates NBD, speaks about making banking simple: Brian Pereira: How...
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State Bank of India has entered into tie-ups with IRCTC and Madura F&L to enable payments through SBI’s Buddy Pay wallet. With the tie-up...
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At the 134th meeting of SLBC Karnataka, it was shared that banks in Karnataka have opened 86.81 lakh BSBD accounts under PMJDY as of...
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The National Federation of Urban Cooperative Banks and Credit Societies (NAFCUB)convened a meeting of all state level Federations of Urban Cooperative Banks in New...
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The central government has infused Rs 22,915 crore into 13 state-run banks. Of these banks, the State Bank of India (SBI) will receive the...
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Archit Gupta A first job is both exciting and memorable. With it comes the thrill of a first pay cheque and some responsibility too....
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EMERGING TECH Interview Navroze Dastur, Managing Director, NCR tells us about the unique services that banks are offering through ATMs. Brian Pereira: What keeps...
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Dr. R. C. Lodha ‘It takes 20 years to build a reputation and five minutes to ruin it, if you think about that, you’ll...
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Two major banks in the Middle East are merging to create a banking behemoth in the region with assets worth $175 billion. The board...
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IndusInd Bank has launched an advertising campaign to promote its ‘Fingerprint Banking’, a facility with which customers can carry out end-to-end banking transactions on...
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The Indian payments space needs improvements in order to help the country move away from a cash system to an electronic system. Mahadevan Balakrishnan,...
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The latest Financial Stability Report by the Reserve Bank of India indicates that the gross bad loans of commercial banks could rise to 8.5%...
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Once upon a time there was a boy called Finto, who was very talented with artistic capabilities and possessed a benevolent mind. His poor...
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Arpit Kumar Sharma, Head – IT at Shivalik Mercantile Cooperative Bank, Saharanpur, UP talks about the bank’s unique cloud model: Brian Pereira: What were...
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The Reserve Bank of India has released Vision-2018 for Payment and Settlement Systems in India. The vision reiterates the commitment of RBI to encourage...
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Vijaya Bank is readying for a technological transition. The bank’s MD and CEO Kishore Kumar Sansi believes this will place the bank in an...
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The Insolvency and Bankruptcy Bill, which became a law in May 2016 is considered a transformational legislation that is expected to specifically help in...
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The Reserve Bank of India has set up a monitoring cell for early reporting of frauds to investigating agencies, governor Raghuram Rajan said. Stating...
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Axis Bank has launched India’s first internationally-listed certified green bond on London Stock Exchange to finance climate change solutions around the world. The bank,...
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Union Bank of India has launched Electronic Secured Bank Treasury Receipt (e-SBTR ), a facility for a single window payment facility of both stamp...
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Japanese commercial bank Aozora Bank is collaborating with the Philippine bank BDO Unibank to offer select banking services for its clients. Besides, the Japanese...
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The decision of some of the entities that have been issued in-principle approval to start payments banks to surrender these has not gone down...
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It has now emerged that prior to the fraudsters attacking Bangladesh Bank and a bank in Vietnam there was another incident in which Banco...
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The driving force behind digital banking is not just the availability of technology but also the rising level of competition. Already 21 provisional banking...
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DBS Bank said it will shift 1500 jobs from Singapore to its proposed technology hub in Hyderabad. The bank’s group CEO Piyush Gupta said...
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Aditya Birla Finance is one of India’s leading NBFCs and offers a range of financing solutions to make its customers achieve ambitious growth. Rakesh...
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State Bank of India has confirmed that it is seeking the government’s approval in merging its five associate banks and Bharatiya Mahila Bank with...
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Two banks in Australia – ANZ and Westpac – are preparing to launch Android Pay in the next couple of months. Google’s contactless payment...
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The Reserve Bank of India has started awarding in-principle approvals for selected entities who have applied for operating as Bharat Bill Payments Operating Units....
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The Reserve Bank is coming up with Rs1000 banknotes with inset letter ‘R’ in both the number panels. The banknotes will also have on...
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The Reserve Bank of India has cancelled licenses of four non-banking financial companies. The companies whose licenses have been cancelled are Kolkata-based Neelanjali Engineering,...
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The new draft guidelines issued by the Reserve Bank of India on new banking licenses stipulate that industrial houses that have 40% or less...
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Bharat Anand Under the pressure from the Reserve Bank of India, banks are trying to clean-up their balance sheets. Broadly, where possible, this involves...
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7686 wilful defaulters altogether owe Rs 66,190 crore to public sector banks in India as of December 2015, according to finance minister Jayant Sinha....
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Doha Bank has launched a rewamped Expat Account Package which offer customers enhanced rewards and benefits. The package is a bundle of banking products...
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HDFC Bank has signed an agreement with Lucknow Development Authority providing a payment gateway for the residents of Uttar Pradesh. The agreement will enable...
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The government is setting up a panel to look into the consolidation of public sector banks. A 10-member committee is being set up to...
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EdgeVerve Systems has introduced its EdgeVerve Blockchain Framework designed to further the adoption of blockchain technology by the global financial services sector. The framework,...
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DBS Bank has launched ‘digibank,’ India’s first mobile-only bank. According to the bank, breaking away from conventional banking norms with their onerous form-filling and...
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Global fund transfer network SWIFT admitted it is aware of ‘a number of recent cyber incidents’ where attackers had sent fraudulent messages over its...
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Capital Small Finance Bank became the first small finance bank to start operations. The erstwhile Capital Local Area Bank, which won an in-principle approval...
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Rating agency Moody’s has downgraded Saudi Arabia’s banking system from ‘stable’ to ‘negative’ stating it feared the falling oil prices would adversely impact the...
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The Reserve Bank of India may come out with a framework for authorization of electronic dealing platforms for financial instruments regulated by it. According...
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I was recently at a seminar where there was a panel discussion on ATMs. One point stressed by the panelists was that more than...
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National Housing Bank is an apex agency for the central government’s ambitious ‘Housing for All by 2022’ program. Sriram Kalyanaraman, MD and CEO, outlines...
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Intro: The falling oil prices are forcing the Gulf countries, especially Bahrain, to try and avoid dependence on commodities. Rasheed Mohammed Al Maraj, governor...
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Al Ahli Bank of Kuwait has opted for Infosys Finacle to drive its technology transformation. The bank will deploy the complete suite of Finacle...
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Citigroup is selling its strategic stake in unlisted China Guangfa Bank to China Life Insurance Co for 19.68 billion yuan – approximately $3 billion....
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The dual effect of a slow global economic recovery combined with increased regulatory and compliance burden are causing banks to be watchful about every...
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Singapore banks have rolled out ATMs for the blind following nearly two years of work on developing the same. DBS said it is voice...
Digital Transformation
The financial sector is experiencing an unprecedented wave of innovation, riding the wheels of technologies like artificial intelligence (AI), blockchain, digital payments, decentralized finance...
Banking
Exercising powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, RBI has cancelled the certificate of registration...
Articles
In a rapidly evolving financial landscape, Shriram Asset Management Company (AMC), under the leadership of Kartik Jain, MD & CEO, combines innovation, technology, and...
Articles
A Swiss Re study paints stable future for the insurance sector across the globe: Global reinsurance major Swiss Re, in a recent study titled...
News
The 2nd Global Islamic FinTech Awards organized by AlHuda Centre of Islamic Banking and Economics (CIBE) will be held on April 15, 2025 at the Dusit Thani Hotel...
News
Piramal Finance Limited has partnered with ICICI Bank to improve credit accessibility for middle and low-income borrowers, especially in rural and semi-urban regions, focusing...
Banking
The Department of Financial Services (DFS) has notified the amalgamation of 26 Regional Rural banks (RRBs) on the principles of “One State One RRB”....
Banking
The Reserve Bank of India (RBI) has announced a reduction in the key policy repo rate by 25 basis points, bringing it down to...
Articles
Regulatory Technology (RegTech) is transforming how banks manage compliance by automating complex processes, reducing costs, and enhancing risk management. This article explores key statistics,...
Insurance
Delhi/Mumbai, 8th April 25 – PNB MetLife India Insurance Company Limited has launched PNB MetLife Pension Premier Multicap Fund under its Unit-Linked Insurance Plans (ULIPs)...