Tag archive for ‘Bank’
By Loknath Das On Friday, October 5th, 2018

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...

By Loknath Das On Monday, September 3rd, 2018

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...

By Loknath Das On Friday, August 24th, 2018

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...

By Loknath Das On Monday, August 13th, 2018

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...

By Loknath Das On Thursday, July 5th, 2018

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...

By Loknath Das On Saturday, June 30th, 2018

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...

By Loknath Das On Thursday, June 28th, 2018

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...

By Loknath Das On Saturday, June 16th, 2018

Yes Bank gets shareholders nod to raise USD 1 billion

(Eds: Dropping words from headline) New Delhi, Jun 12 (PTI) Yes Bank today got shareholders nod for raising USD 1 billion (about Rs 6,700 crore) from various instruments, including Qualified Institutional Placements More...

By Loknath Das On Monday, May 28th, 2018

Talking stock: Accumulate PTC India and Lupin; hold Federal Bank

Recent depreciation of rupee and possibility of all its plants getting back US FDA approvals ultimately augur well for Lupin stock. G CHOKKALINGAM MD, Equinomics Research & Advisory I hold 1,000 shares of PTC India financial More...

By Loknath Das On Saturday, May 12th, 2018

Now Transfer Loans Using Bitcoins Via This German Online Bank

Clients hold the loans in digital tokens like Bitcoin only for seconds or minutes. German Radoslav Albrecht has founded an online bank that allows clients to transfer loans anywhere in the world using Bitcoin. More...