Banking & Finance

Canara Bank has successfully launched PIN + OTP cash withdrawal through Canara Bank ATMs for Canara Bank card holders—using ACI’s portfolio of Universal Payments solutions.

Madison Heights’ Netlink, a premier provider of information technology and business analytics solutions, has acquired Enterprise Touch, an Enterprise Mobility and Digital Transformation Services Provider based in Chennai.

India received net foreign direct investment of US$18.3 billion in April-July 2019, higher than US$11.4 billion in the corresponding period of 2018-19, the Reserve Bank of India’s Governor Shaktikanta Das said.

GST Council took following decisions relating to changes in GST rates, ITC eligibility criteria, exemptions and clarifications on connected issues.

Minister of Finance & Corporate Affairs Nirmala Sitharaman has reviewed banks performance in Delhi on 19 Sept 2019 in a meeting with the top management of Public Sector Banks.

Commerce and Industry Minister Piyush Goyal given details of the Export Credit Insurance Scheme (ECIS) in New Delhi on 16 September 2019, following up with the scheme announced by the Finance Minister, Nirmala Sitharaman, as part of measures to boost...

The Reserve Bank of India has issued guidelines for ‘on tap’ licensing of small finance banks in the private sector. This comes following its announcement in the Second Bi-monthly Monetary Policy Statement, 2019-20 dated 6 June 2019.

S&P Global Ratings had revised its outlook on the 'BB+' long-term issuer credit ratings on Syndicate Bank to positive from stable. At the same time, S&P revised outlook on the 'BBB-' long-term issuer credit ratings on Indian Bank to negative from...

The Development of Housing Finance Securitisation Market Committee, constituted on 29 May 2019, has recommended to the RBI Governor broad perspective of enhancing efficiency and transparency of securitisation transactions.

Global investment firm KKR has completed the acquisition of a majority stake in leading Indian education services provider EuroKids International Pvt Ltd.