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FICCI cautions Centre on possible reduction of credit support
Updated : 8 years ago IST
New Delhi [India], Mar. 16 (ANI): Responding to the Reserve Bank of India's (RBI) notice discontinuing the issuance of Letters of Undertaking (LOUs) and Letters of Comfort (LOCs) for trade credit for imports, the Federation of Indian Chambers of Commerce and Industry (FICCI) said although th
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LG orders investigation into Delhi Nagarik Sehkari Bank irregularities
Updated : 8 years ago IST
New Delhi [India] March 15 (ANI) Lt. Governor of Delhi Anil Baijal on Thursday ordered an investigation into irregularities in Delhi Nagarik Sehkari Bank Limited.
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Ban on LOUs/LUTs to impact trade facilitation and ease of doing business:
Updated : 8 years ago IST
New Delhi [India], Mar 15 (ANI-NewsVoir): Anil Khaitan, President, PHD Chamber of Commerce and Industry expressed his disappointment over RBI's announcement on discontinuation of Letters of Undertaking (LoUs) and Letters of Comfort (LoCs) for trade credits for imports into India as it will i
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No banking regulator can catch, prevent all frauds: Urjit Patel
Updated : 8 years ago IST
New Delhi [India], Mar. 14 (ANI): In view of the recent Nirav Modi-led Punjab National Bank (PNB) fraud case, Reserve Bank of India (RBI) Governor Urjit Patel on Wednesday said that it is not possible for any banking regulator to catch or prevent all frauds.
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Sensex dips by 215.35pts; Nifty loses 10,400-mark
Updated : 8 years ago IST
Mumbai (Maharashtra) [India], Mar. 14 (ANI): Market indices witnessed a decline on Wednesday morning, largely due to a dip in the public sector unit bank index and negative lead from Asia and the United States, following the sacking of the latter's Secretary of State, Rex Tillerson.
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RBI discontinues LOUs/LOCs issuance for trade credit for imports
Updated : 8 years ago IST
New Delhi [India], Mar 13 (ANI): The Reserve Bank of India (RBI) on Tuesday announced discontinuation of the issuance of Letters of Undertaking (LOUs) and Letters of Comfort (LOCs) for trade credit for imports with immediate effect.
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RBL Bank, CreditVidya partner for instant Employment Verification
Updated : 8 years ago IST
New Delhi [India], Mar 13 (ANI): Fastest growing private sector banks RBL Bank has announced partnering with CreditVidya, India's leading fintech firm providing alternate data credit underwriting solutions to over 25 premier financial institutions.
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Edenred India facilitating easier processes to accelerate KYC
Updated : 8 years ago IST
Mumbai (Maharashtra) [India], Mar 13 (ANI-NewsVoir): Edenred India, Indian arm of a global leader in prepaid employee benefit solutions and inventor of Ticket Restaurant meal cards has witnessed a multi-fold growth in the usage of its meal cards on food delivery platforms - from 1 percent in
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Edenred India rides high on food delivery platforms and KYC
Updated : 8 years ago IST
New Delhi [India], Mar 13 (ANI): Edenred India, Indian arm of a global leader in prepaid employee benefit solutions and inventor of Ticket Restaurant meal cards has witnessed a multi-fold growth in the usage of its meal cards on food delivery platforms - from 1 percent in 2014 to 15 percent
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IBBI, RBI sign MoU for effective implementation of insolvency code
Updated : 8 years ago IST
New Delhi [India], Mar. 13 (ANI): The Insolvency and Bankruptcy Board of India (IBBI) signed a Memorandum of Understanding (MoU) with the Reserve Bank of India (RBI) for effective implementation of the Insolvency and Bankruptcy Code and its allied rules and regulations, through a quick and
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RBI imposes Rs 5 cr penalty on Airtel Payments Bank
Updated : 8 years ago IST
New Delhi [India], Mar. 10 (ANI): The Reserve Bank of India (RBI) imposed a penalty of Rs. 5 crore on Airtel Payments Bank, the financial services arm of Bharti Airtel Limited, for violating operating guidelines and Know Your Customer (KYC) norms.
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Collusive corruption common at PSBs: Survey
Updated : 8 years ago IST
New Delhi [India], Mar. 9 (ANI): In the backdrop of the recent scams reported in the banking sector, citizens have flagged concern on various aspects of business-banker nexus and the gaps that exist, particularly of collusive corruption existing among (PSBs).
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