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Tag Archives: bank

ICRA downgrades Yes Bank, Anil Ambani’s Reliance Home Finance, Commercial Finance ratings

For the Anil Ambani-run Reliance Home Finance, where the agency has an outstanding rating on a Rs 1,200 crore commercial paper program, the rating has been downgraded to junk grade of D from A4 with rating watch on negative implications. Private sector lender Yes Bank had a double-whammy Saturday after domestic rating agency Icra downgraded its long-term ratings along with ... Read More »

Suryoday Small Finance Bank enters North India—-eyes IPO in Oct-Dec quarter next year

Suryoday Small Finance Bank, which went live in January 2017, plans to go public with an initial public offering (IPO) in October-December quarter next year, a top official said. This small finance bank, which is the first from Maharashtra to obtain SFB licence from RBI, may also look to raise capital to the tune of ₹ 175-Rs 200 crore this year to ... Read More »

Budget 2019: Finance Minister raises TDS threshold on bank fixed deposit interest to Rs 40000

Interim Finance Minister Piyush Goyal has given a big relief to lakhs of bank fixed deposit investors. Union Budget 2019 has proposed that the threshold for TDS on interest earned on bank fixed deposit to be raised to Rs 40000 as compared to Rs 10000 earlier. The earlier limit was set almost couple of decades ago and needed to be revised taking ... Read More »

Delhi Police thinks CBSE papers leaked at board or bank level

Delhi police is also probing the roles of CBSE officials. So far, no CBSE official has been questioned. Photo: PTI New Delhi: The probe into the leak of the Central Board of Secondary Education (CBSE) class 10 Maths and class 12 Economics question papers has led the police to believe that the leak happened between the time the papers were in ... Read More »

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 »