banking
ISB class of 2023 bag avg CTC of Rs 34 lakh
More than 14 per cent of the overall offers came from companies that offered leadership/general management roles in various functions
Digital ecosystem in India still weak: Expert
Stressing the need for urgent regulatory attention, Bhoi said that risks are hidden in a highly digitalised world
Bank employee unions demand 5-day working week, says COVID threat is haunting bankers
The Indian Banks' Association in January rejected the proposal for a five-day working week but offered a 19 percent pay hike to employees
RBI imposes Rs 4 crore penalty on Citibank
According to the RBI, this action is based on deficiencies in regulatory compliance
RBI may extend moratorium on repayment of loans for three more months, says report
In March, RBI had allowed a three-month moratorium on payment of all term loans due between 1 March, 2020 and 31 May, 2020
Kotak Mahindra Bank Q4 profit down 4% due to Covid19 related provisions
During the quarter, standalone profit also came down by 10% to Rs 1,267 crore as compared to Rs 1,408 crore in the same period a year ago
Banks hop on social media, find new ways to inform, engage customers during lockdown
They are opening contests and offering discounts on bill payments in addition to cautioning cutomers about phishing over social media.
SBI hikes home loan rates by up to 30 bps; other lenders may follow suit
SBI has been offering home loan and few other loans including personal loan against property and reverse mortgage since October last year
Google, Gates Foundation starting digital payments for poor, rivaling Facebook Libra
The open source software, Mojaloop, first established by Gates Foundation in 2017, is being tweaked for those outside the banking system.
RBI may extend bank loan moratorium by another 3 months
RBI allowed banks and financial institutions to offer a moratorium of three months on payment of instalments of all term loans