IndusInd Bank has been empaneled by the SFAC to facilitate digital collection and settlement services on e-NAM portal.   Under this arrangement, the bank will offer an array of transaction services through digital modes including multi-net banking , debit card, NEFT, ...

Fisdom, a wealth-tech company, has joined hands with Bank of Maharashtra, to offer wealth management products and services to over 29 mn customers of the bank. This partnership is to distribute the wealth products and services through the bank’s network of more than 2,000 ...

YES BANK announced the launch of an annual startup enabler program, YES BANK Agri Infinity, which seeks to co-develop digital financial solutions for the food and agriculture ecosystem by mentoring entrepreneurial ventures in the field. Agri-fintech start-ups working on financial innovations ...

The managing director (MD) and chief executive officer (CEO) of ICICI Bank Mr Sandeep Bakhshi has been named as the Business Standard Banker of the Year 2020-21. For 2020-21, ICICI Bank reported a net profit of Rs 16,193 crore against Rs 7,931 crore during the previous financial ...

The Central Bureau of Investigation (CBI) has registered an FIR against ABG Shipyard Ltd and its directors, including chairman and managing director Rishi Kamlesh Agarwal, in what could be the biggest bank fraud case in the history of India. ABG Shipyard, one of the most prominent private sector ...

Bank of Baroda will acquire Union Bank of India's 21% stake in IndiaFirst Life Insurance Company. It is a joint venture between Bank of Baroda, Union Bank of India and Carmel Point Investments. At present, the shareholding in IFIC is BoB holds ...

Axis Bank Ltd. is nearing a deal to buy Citigroup Inc.’s India retail banking business in a transaction that could be valued at about $2.5 billion. An agreement for the consumer unit may be announced as soon as the next few weeks and is contingent on approval from the Reserve ...

Yes Bank has announced the launch of an annual startup enabler program, Yes Bank Agri Infinity. It seeks to co-develop digital financial solutions for the food and agriculture ecosystem. Those meeting the eligibility criteria will receive the guidance and support necessary to develop ...

Private sector lender RBL Bank has announced a partnership with Creditas Solutions, a global technology company in the field of delinquency management, for its ‘Neo Collections’ platform. The Neo Collections Platform is a Do It Yourself (DIY) debt management platform that will help the ...

The Reserve Bank of India introduced the Voluntary Retention Route (VRR) for investments by Foreign Portfolio Investors (FPIs) on March 01, 2019. An amount of ₹1,50,000 crore was offered for investment through VRR, in three tranches so far; of which around ₹1,49,995 crore have been availed as ...