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World Bank: Reforming Education in Arab World Must Be Priority

Saudi students sit for their final high school exams in the Red Sea port city of Jeddah on June 19, 2010. (AFP) London – The quality of education in the Arab world has dropped in comparison to other regions in the world, which demands immediate reform to tackle development needs and employment in the future, said a recent World Bank ... Read More »

Samsung Pay Gets YES Bank Credit Card Support in India

HIGHLIGHTS Samsung Pay users can now pay via YES Bank credit cards There’s an introductory offer of Rs. 1,500 cashback till September 30 Samsung Pay can be used to make payments via PoS card machines YES Bank on Thursday announced its partnership with Samsung India to allow its credit Card customers to use payment platform Samsung Pay. This will allow YES Bank credit card holders to ... Read More »

Closing bell: L&T, HDFC Bank, ITC help Sensex, Nifty close higher; M&M sheds 3%

3:30 pm Market Check: Equity benchmarks ended flat with a positive bias on Friday. L&T, HDFC Bank and ITC helped the market close higher but Infosys and HDFC capped upside. The 30-share BSE Sensex was up 24.78 points at 31,687.52 and the 50-share NSE Nifty gained 4.90 points at 9,934.80. The market breadth turned negative in afternoon trade today as ... Read More »

Commonwealth Bank of Australia sued over money laundering disclosures

Australian litigation financier IMF Bentham Ltd said it would fund an open class-action lawsuit against Commonwealth Bank of Australia in relation to allegations it oversaw thousands of breaches of anti-money laundering rules. IMF said on Tuesday it would bankroll the class action on behalf of all CBA shareholders who bought stock between Aug. 17, 2015 and Aug. 3, 2017, without ... Read More »

HDFC ERGO ties up with Utkarsh Small Finance Bank

Private general insurer HDFC ERGO General Insurance signed a corporate agency agreement with Utkarsh Small Finance Bank for the distribution of general insurance products through the Bank’s network of branches across the country. The association with Utkarsh Small Finance Bank will offer general insurance products from HDFC ERGO to the Bank’s general banking and micro banking clients across India. Anuj Tyagi, ... Read More »

Xiaomi Mi Wi-Fi Repeater 2, Mi Bluetooth Speaker Mini, Mi Power Bank 2 Launched in India

Xiaomi India has launched a range of accessories in India expanding its portfolio further. The newly introduced Mi Wi-Fi Repeater 2, Mi Bluetooth Speaker Mini, 10000mAh Mi Power Bank 2, and 20000mAh Mi Power Bank 2 are all going to be available via Mi.com online store and Mi Home, Xiaomi’s newly launched offline store. Prices for new Xiaomi accessories start ... Read More »

Does Your Bank Count Debits to Intentionally Create More Overdrafts?

Nearly 40 percent of the biggest U.S. banks surveyed order transactions in a way that leads to increased overdrafts, according to a new report by the Pew Charitable Trusts. Pew analyzed 44 of the 50 biggest U.S. banks and found that 18 of them process debit transactions — purchases, payments and withdrawals — in order from the highest amount to ... Read More »

How Fintech is Bridging the Big Bank Gap

Big banks have always been averse to risk.  They also tend to view small and medium-sized businesses as high-risk, choosing to restrict investment, in terms of both lending and services, for the SMB market. A 2015 credit survey by the Federal Reserve found that smaller institutions were 18 percent more likely to approve a small business loan than big banks, ... Read More »

Canara Bank signs MoU with HRD Ministry to start higher education financing agency

MUMBAI, FEB 16:   Canara Bank on Thursday said it has signed a memorandum of understanding with the Ministry of Human Resource Development (MHRD) to operationalise the Higher Education Financing Agency (HEFA). In September 2016, the Union Cabinet had approved the establishment of HEFA to give a major push for the creation of high quality infrastructure/capital assets in premier educational institutions. ... Read More »

Does Your Bank Count Debits to Intentionally Create More Overdrafts?

Nearly 40 percent of the biggest U.S. banks surveyed order transactions in a way that leads to increased overdrafts, according to a new report by the Pew Charitable Trusts. Pew analyzed 44 of the 50 biggest U.S. banks and found that 18 of them process debit transactions — purchases, payments and withdrawals — in order from the highest amount to ... Read More »