State Bank of India in its application, has sought clarification of the top court's judgment dated March 27 and that the banks can decide the time frame of adjudication depending upon the urgency of the matter.
State Bank of India, India's biggest lender by assets, recorded the largest decline in market capitalization among the top 20 banks in the Asia Pacific region in the first quarter of 2023 (January-March), according to data compiled by S&P Global Market Intelligence.
New Delhi [India], April 7 (ANI/PNN): As expected, the pilot for the retail digital rupee was launched in Mumbai, New Delhi, Bengaluru and Bhubaneswar on December 1, 2022. The retail digital rupee project started in a closed user group with the participation of four leading lenders, includin
The top court said that the principles of natural justice demand that the borrowers must be served notice, given an opportunity to explain the conclusions of the forensic audit report, and be allowed to represent by the banks before their account is classified as fraud.
Analysis of insured customer deposits across multiple geographies initiated in the wake of bank runs across developed economies reveal US's top 10 banks deposits are insured in the range of 38.4-66 per cent, according to a research titled, Ecowrap, of the State Bank of India's Economic Resea
Mumbai (Maharashtra) [India], March 8 (ANI/SRV): On the 24th of February 2023 at Hotel Taj Santacruz, Mumbai, Sapphire Connect made an endeavor to get in-depth insights on how the Indian BFSI sector is making strides in digital transformation with payments at the core and increase in the var
Mumbai (Maharashtra) [India], March 7 (ANI/NewsVoir): Electronic Payment and Services Pvt. Ltd. (EPS), a leading provider of payment technology services in India, has announced the appointment of Ram Rastogi as an Additional Director in its wholly owned subsidiary, Finiverse Aggregator Pvt.
Mumbai (Maharashtra)/New Delhi [India], March 6 (ANI/BusinessWire India): Cyril Amarchand Mangaldas advised TI Clean Mobility Private Limited (TICMPL), a wholly owned subsidiary of Tube Investments of India Limited (TII) on Rs 1025 crores fundraising from Multiples Private Equity Fund III (M
In the morning, shares of SBI surged about 0.45 per cent to Rs 563.30 apiece while in a span of five days, it had climbed about 7.56 per cent. On Friday, SBI shares gained 5 per cent and ended at Rs 561 apiece on Friday. Shares of Yes Bank had surged 2.73 per cent in a span of five days.
Paytm UPI LITE aims to make digital payments more accessible to people across the country. UPI LITE, enabled by National Payments Corporation of India (NPCI), aids users to carry out multiple small value UPI transactions without using a PIN.