"The RBI through its letter on February 20 has approved the appointment of Sunil Gurbaxani as Managing Director & CEO of the bank for a period of three years from the date of taking charge," the bank said in its BSE filing. … [Read more...] about Dhanlaxmi Bank shares surge 19% after RBI approves appointment of MD
World bank report on poverty
"We have no instruction or information from our customer private banks to stop loading Rs 2,000 notes into ATMs," V Balasubramanian, President, Financial Software and Systems (FSS), told IANS.Subscribe to Moneycontrol Pro's Annual plan for Rs 399/- for the first year. Use coupon PRO2020 (Available on Web & Android only). … [Read more...] about Indian Bank stops loading ATMs with Rs 2,000 notes: Report
Neo-banking also helps time-pressed millennials in managing and automating their financial transactions securely across multiple bank accounts. “Technology today allows for interlinking of all bank accounts for easy viewing and transacting. While we live in a data surplus environment, using this securely in a manner that is compliant with privacy and security guidelines is critical,” Narayanan pointed out. … [Read more...] about Millennials mill around neo-banking
An analysis done by Moneycontrol showed that for the top five private life insurers, banks account for 46.4 percent of the total new business premium. Any drop in sales performance by banks due to a rejig in business strategy with rising bad loans and focus on core business would directly lead to a new premium collection dip for insurers. … [Read more...] about Banks take charge as chief distribution officers of private life insurers
For instance, the firm’s investment in “Coding Ninja’s and Qyuki” may turn out to be beneficial. Investors must keep a close watch on the IT sector as well as the real- estate sector before investing in Info Edge. … [Read more...] about HDFC Life, Info Edge, Bandhan Bank become part of NSE F&O; time to buy?