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Articles for Banking & Finance

JK Bank Initiates Rs 750 Cr QIP

The QIP floor price stood at Rs 112.66 per share, reflecting a 10.02 per cent discount from the previous day's closing price of Rs 125.20 on the NSE

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Musk's X Receives Key License In US State As It Pushes For Payments Foray

X will need approval in every US state to offer payment services nationwide—a process anticipated to take up to 18 months and incurring substantial costs, estimated in the millions

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LIC Cards, IDFC First Bank, Mastercard Unveil Co-Branded Credit Card

The credit cards, available in two variants – LIC Classic and LIC Select, aim to provide over 27 crore policyholders nationwide the opportunity to accrue reward points with every LIC insurance premium payment

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Cloud-Lending Startup Lentra Introduces 3 AI Products For Financial Sector

Lentra Introduces 3 New AI Products and 40 AI-Driven Features, Empowering Lenders with Actionable Intelligence to Expand Their Asset Portfolio

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Increased KYC, Higher Locker Charges Lead 56% Holders To Close Or Downsize: Survey

The survey also highlighs that the allegations have surfaced, suggesting that banks may be violating terms to enforce locker charges

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Takeo Konishi To Lead ADB's South Asia Development Initiatives

In addition to his role as Director General, Konishi will concurrently serve as the Country Director for India, a position he has held since September 2020

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Voter ID Depicts Highest Tampering Rate In KYC Fraud, Says Report

Out of all the IDs accepted during loan applications, the Voter ID has shown to be forged the most with a 6.78 per cent fraud rate, followed by PAN Cards at 3.84 per cent and Aadhaar cards at 3.11 per cent

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Tata Capital Targets Rare Rabbit Fashion Brand At $300 Mn Valuation

Reportedly, Tata Capital has engaged in discussions and initiated due diligence, having proposed an investment of up to USD 40 million through a term sheet

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