India has become an attractive banking destination for several foreign banks and this indicates growing global confidence in the country’s prospects as a business destination. The Government has been taking several initiatives to make it easier to do business in the country and lift investor confidence. Global biggies are now attracted by India’s growing reputation […]
Banking & Industry News Updates
Should you be switching banks in the current scenario?
You must have already heard of the PMC Bank situation where savings of several depositors are stuck after the crisis at the financial institution. Agreed, the Punjab and Maharashtra Co-Operative Bank debacle has certainly been bad for the Indian banking sector but all is not lost yet. The Central Government is already attempting to tackle […]
New FRDI Bill Clause may ensure double protection for bank deposits
The Indian banking sector is in the throes of several long-standing positive changes that could elevate it to a different growth level in future years. The Central Government and Reserve Bank of India (RBI) have been striving to take several measures to inject more liquidity back into the system, drive burgeoning consumer sentiment, consolidate economic […]
Zero NEFT Charges from New Year and many other banking sector developments
The Reserve Bank of India (RBI) has taken the lead in terms of emphasizing on digital banking in the country. It has ushered in several reforms already with many more lined up for the near future. The RBI has already been playing a pro-active role in the current scenario, having cut the key policy repo […]
United Bank of India ties up with Srei Equipment Finance for jointly offering loans
United Bank of India has been making headlines lately for its proposed amalgamation into Punjab National Bank (PNB) along with OBC (Oriental Bank of Commerce) in the near future. The bank has also set the foundation for a pioneering collaboration of sorts, by tying up with NBFC Srei Equipment Finance for offering loans jointly to […]
