Banking & Finance

Leading money transfer, foreign exchange and payment solutions brands, UAE Exchange and Unimoni, have waived service fee on remittances to Kerala Chief Minister's Distress Relief Fund in the wake of the catastrophic floods that has ravaged the Indian state of...

Bahrain-based SNIC Insurance (formerly known as Saudi National Insurance Company) has selected Tata Consultancy Services (TCS) BaNCS for Insurance to support its digital transformation strategy in order to establish a unique leadership position in the market.

The US digital remittance company Remitly has released an update to its money transfer service to India, raising the daily sending limit to US$30,000.

Banks in India have been asked to collaborate with Fintech companies, using digital platform effectively to popularize the government’s various schemes to support Micro, Small and Medium Enterprises (MSMEs).

Global investment firm KKR will acquire a 60% stake in Ramky Enviro Engineers Limited (REEL), a leading provider of environmental services and solutions in India and overseas.

Global banking and financial services provider, J.P. Morgan, is setting up a Financial Inclusion Lab in collaboration with the Indian Institute of Management Ahmedabad’s Centre for Innovation, Incubation and Entrepreneurship (CIIE).

With surplus liquidity in the banking system, the banks should not rush into increasing their lending and deposit rates despite the Reserve Bank of India (RBI) raising the benchmark, Repo rate, the ASSOCHAM has said.

The government has established three funds under the National Investment and Infrastructure Fund (NIIF) platform.

Government has taken note of Standard & Poor’s (S&P) Global Ratings, a prominent global rating agency, which states, inter-alia, that “the worst is almost over for India’s banks”.

National Highways Authority of India (NHAI) is getting an unsecured loan of Rs.25,000 crore from State Bank of India for 10 years with 3 years of moratorium on repayments.