Posted in Banking

Aadhaar-enabled Payment System: How to avail banking services on NPCI platforms; all you need to know

Aadhaar-enabled Payment System (AePS) has crossed the milestone of over 200 million transactions during July this year. A total of 6.65 crore Indian citizens availed banking…

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Posted in Banking

How India’s Shadow Banking Crisis Sent Auto Sector Into Tailspin

MUMBAI:  HIGHLIGHTS Preliminary data shows car sales may have plunged as much as 30% in July NBFCs have slashed lending following the collapse of IL&FS…

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Posted in Banking

SBI waives charges for internet, mobile banking customers

With an aim to boost digital transactions, State Bank of India on Friday said that it has waived Real Time Gross Settlement (RTGS) and National…

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Posted in Investment

Deutsche Bank to cut 18,000 jobs in retreat from investment banking

Deutsche Bank is to axe vast swathes of its trading desks in one of the biggest overhauls to an investment bank since the aftermath of…

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Posted in Banking

Sources: J.P. Morgan working on a secretive digital banking project based out of London

A number of incumbent banks are known to be developing new digital-first products in a bid to keep the new wave of challenger banks at bay and…

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Posted in Banking

Sensex, Nifty End Lower As Banking Shares Drag

The S&P BSE Sensex and NSE Nifty 50 indexes ended lower in today’s session paced by selling pressure in Yes Bank, IndusInd Bank, Hero MotoCorp…

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