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Banking/Finance

Digital payments skyrocket as India steps into Unlock phase; UPI payments value surges 99% in Q2

December 2, 2020
Financial Express - Business News, Stock Market News

In September 2020, UPI clocked over 180 crore transactions in volume and breached Rs 3 lakh crore in terms of value.  India’s digital payments growth skyrocketed as India stepped into …

Continue Reading…Digital payments skyrocket as India steps into Unlock phase; UPI payments value surges 99% in Q2

LVB customers can access all services: DBS

December 1, 2020
Financial Express - Business News, Stock Market News

Once the integration was complete,customers will be able to access a wider range of products and services,including access to the full suite of DBS digital banking services, DBIL said in …

Continue Reading…LVB customers can access all services: DBS

Why traditional banks need to partner with fintech firms for delivering essential banking solutions

November 28, 2020
Financial Express - Business News, Stock Market News

Banks progressing towards positioning banking as a plug and play system where customised solutions can be extended to diverse platforms seamlessly. By Neeraj Sinha The gap between what customers expect …

Continue Reading…Why traditional banks need to partner with fintech firms for delivering essential banking solutions

Let us declare NPAs, banks to Supreme Court; govt pleads against sector-specific relief

November 28, 2020
Financial Express - Business News, Stock Market News

Banks progressing towards positioning banking as a plug and play system where customised solutions can be extended to diverse platforms seamlessly. The Indian Banks’ Association on Friday made a strong …

Continue Reading…Let us declare NPAs, banks to Supreme Court; govt pleads against sector-specific relief

Lakshmi Vilas Bank-DBS merger gets Cabinet nod, effective November 27

November 26, 2020
Financial Express - Business News, Stock Market News

LVB, which has been placed under the RBI’s prompt corrective action since 2019, had narrowed its losses to Rs 112.28 crore for Q1FY21 from a net loss of Rs 237.25 …

Continue Reading…Lakshmi Vilas Bank-DBS merger gets Cabinet nod, effective November 27

Lakshmi Vilas Bank’s moratorium ends on 27 November; customers will shift to DBS Bank

November 25, 2020
Financial Express - Business News, Stock Market News

All the branches of the Lakshmi Vilas Bank will function as branches of DBS Bank India. The moratorium on Lakshmi Vilas Bank will be withdrawn on 27 November 2020 as …

Continue Reading…Lakshmi Vilas Bank’s moratorium ends on 27 November; customers will shift to DBS Bank

Taking banking services to last mile: Women self-help groups driving financial inclusion in India

November 24, 2020
Financial Express - Business News, Stock Market News

The BC Sakhi program has unearthed a new and untapped potential of rural Uttar Pradesh to forge a way out of poverty, economise the region through enterprising efforts, spur growth …

Continue Reading…Taking banking services to last mile: Women self-help groups driving financial inclusion in India

HDFC Bank restores payment services after outage at data centre

November 23, 2020
Financial Express - Business News, Stock Market News

Emailed queries sent to the bank about the cause of the outage did not elicit a response. HDFC Bank on Sunday said it had restored payment services on its digital …

Continue Reading…HDFC Bank restores payment services after outage at data centre

Bank credit grows as consumers shop in festive season; risk aversion, low demand still a barrier

November 21, 2020
Financial Express - Business News, Stock Market News

Government-backed guarantee loan scheme (ECLGS) also played a major role in the sequential improvement in the bank credit. Higher consumer spendings during the festive season have supported the bank credit …

Continue Reading…Bank credit grows as consumers shop in festive season; risk aversion, low demand still a barrier

Lakshmi Vilas Bank put under moratorium; check what happens to customers’ money and what they can do

November 17, 2020
Financial Express - Business News, Stock Market News

RBI said that the financial position of the Lakshmi Vilas Bank has undergone a steady decline with the bank incurring continuous losses over the last three years, eroding its net-worth. …

Continue Reading…Lakshmi Vilas Bank put under moratorium; check what happens to customers’ money and what they can do

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