Bank Accounts: 4 reasons why you must close your idle savings accounts
Although savings accounts do not have any annual maintenance charges, their linked-debit cards mostly come with annual fees. The steady penetration of banking services has led to a large section among middle More...
India to retain status as fastest growing major economy in 2019-20: World Bank
Fuelled by policy reforms and rebound in credit, India’s economy is forecast to expand by 7.5 per cent during the 2019-20 fiscal year and retain its position as the fastest growing major economy in a world More...
Jana Small Finance Bank Raises Interest Rates On Fixed, Recurring Deposits
Jana Small Finance Bank’s FD and RD interest rates will come into effect from Friday. Jana Small Finance Bank, a small finance bank, on Thursday announced an increase in its interest rates on term More...
State Bank of Mauritius’s Indian branch is the third domestic bank to be the victim of a cyber-attack in 2018
On 3 October, SBM Group, the parent company of the State Bank of Mauritius, announced that its Indian operations had suffered a cyber-attack the day before, and that as much as $14 million could have been siphoned More...
Explained: Post office savings accounts vs India Post Payments Bank account
All of India’s 1.55 lakh post offices will be linked to the IPPB system by December 31, 2018. (Photo: GettyImages) On Saturday, Prime Minister Narendra Modi launched the India Post Payments Bank (IPPB). More...
Riyadh to seek $11bn in bank loans after Saudi Aramco IPO stalls
Mohammed bin Salman, Saudi Arabia’s crown prince, is seeking an economy less dependent on oil © Bloomberg Saudi Arabia’s sovereign wealth fund is primed to choose international banks to lend it $11bn, More...
After hitting new record low, Turkish lira pares some losses on central bank statements
Yasin Akgul | AFP | Getty Images People check currency exchange rates at a currency exchange office on August 11, 2018 in Istanbul. The Turkish lira retraced some losses after touching a new record low in Asia’s More...
Unsecured Loans Grew Four Times the Bank Credit in Last Three Years
Mumbai: Unsecured bank loans have grown four times the bank credit during the past three years, helped by a rise in discretionary spending, technology-driven disbursements and lower interest rates, says a report. Unsecured More...
LIC gets Irdai nod to buy 51% stake in IDBI Bank: Report
Insurance Regulatory and Development Authority of India (Irdai) on Friday permitted Life Insurance Corporation of India (LIC) to buy up to 51 per cent stake in the debt-ridden IDBI Bank Ltd, sources said. The decision, More...
Chase all-mobile bank, Finn, rolled out nationwide in search of Millennials
Forget the teller. Bypass the local branch. Chase is rolling out its all-mobile bank, Finn, nationally, bringing together banking and spending-and-savings-related tools to smartphones. Through Finn, customers More...