BW Communities

Articles for Banking & Finance

New EPFO Rules Effective Today

According to reports, individuals transitioning between jobs will no longer have to grapple with the cumbersome process of manually transferring their Provident Fund (PF) balance to their new employer

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Atul Mehra Joins Axis Capital As MD & CEO

Mehra will be responsible for overseeing both the investment banking and institutional equities divisions at Axis Capital

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SBI Forecasts 15% Growth In Deposits For FY25; Expects RBI Rate Cut Only In Q3FY25

This outlook comes amidst a backdrop of sustained momentum in credit growth, particularly across agriculture, MSME and services sectors, as revealed by the latest credit growth numbers.

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Yes Bank, IDFC First Bank Introduce Surcharge On Credit Card Utility Payments

These utility expenses encompass telecommunications, electricity, gas, water, internet services and cable services

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Samsung Plans Entry Into Commercial Banking Sector With New Super App: Report

A media house reported that this strategic move signals Samsung's entry into the super app arena, emphasising its commitment to expanding beyond its traditional tech domain

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Bank Of Maharashtra Names Subhasish Roy As Chief Risk Officer

Before joining Bank of Maharashtra, Roy served at IDBI Bank for over 23 years, handling diverse roles in risk management, retail and corporate banking

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Credit Ratio Elevated At 1.79x Amidst Domestic Tailwinds In H2FY25: Crisil Ratings

Credit quality supports sustained domestic demand and healthy balance sheets

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NEFT Service Interruption Expected For HDFC Bank Customers On 1 April

According to HDFC Bank's communication, outbound NEFT transactions may encounter delays or may not be available on 1 April 2024, due to year-end financial procedures

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