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Articles for Banking & Finance

Bajaj Finance Expects 20-25% Of Its Borrowing To Come From Retail Deposit

Currently, Bajaj Finance retail deposit constitutes of around 10 per cent of overall borrowing and in the coming years, this number is expected to rise significantly

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Present Project Financing Ways Must Change: Chanda Kochhar

To bring back investments, the fundamentals of project financing will have to change. Projects will have to be much more completely tied-up before they get funded

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Bank Of India Slashes Interest To 3.5% For Deposits Up To Rs 50 Lakh

BOI said customers maintaining savings bank balance up to Rs 50 lakh will get 3.5 per cent while those maintaining above Rs 50 lakh will continue to earn an interest of 4 per cent per annum

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Once upon A Time We Had ATMs, Cash Transactions, Only Humans In A Bank

The reigning deity on the banking turf was the State Bank of India or “Big Daddy” as the financial markets referred to it; others of adipose-laden ilk also had a free run

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Reliance Capital Approve Grant Of Employees’ Stock Option Worth Rs 300 Crore

The ESOPs comprise of 9, 21,000 shares of Reliance Capital plus shares / Phantom Shares of operating subsidiaries and associates

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Cabinet Approves Plans To Merge Some State-Run Banks: Reports

Finance Minister Arun Jaitley is due to brief media on the outcome of the cabinet meeting at 1500 IST (0930 GMT), a government spokesman said, without giving details

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Mergers Can Reduce Public Sector Banks’ Need For Government Capital: SBI Chief

The statement comes after SBI merged all its five subsidiaries and Bharatiya Mahila Bank, which resulted in a massive spike in its provisions and bad loans ratio that touched double digits in the first consolidated results

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HDFC Bank Launches All-In-One Digipos Machines

With DigiPoS, a merchant can use as many as 12 various digital payment options like UPI, Bharat QR, SMS Pay, PayZapp, Tap & Pay, EMIs in addition to pay through debit/ credit card swiping

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