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The Mumbai High Court will hear Kotak Mahindra Bank’s petition against the Reserve Bank of India (RBI) after the latter rejected its plan to reduce promoter shareholding by issuing perpetual non-cumulative preference shares (PNCPS). It would not be an exaggeration to say that the case’s outcome may change...
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March 12, 2019 Loknath Das
Banking
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One of the principal claims made by Ripple for XRP is that it would free up $5tn that is “sitting dormant” in bank nostro/vostro accounts around the world. In a blogpost, Ripple says that this “ties up capital that could be used in more productive ways.” Using a digital...
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February 11, 2019 Loknath Das
Banking
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Hard work always pays off nicely. Senior man signing a check. Close up. Focus on hand.GETTY OBSERVATIONS FROM THE FINTECH SNARK TANK What’s the biggest money-related lie? Until recently, it was “the check is in the mail.” With the growing prevalence of digital bill payment, however, fewer of...
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January 28, 2019 Loknath Das
Banking
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Bank job aspirants have found themselves in a fix with two crucial examinations being scheduled on the same day. The Institute of Banking Personnel Selection (IBPS) and Lakshmi Vilas Bank (LVB) have both listed their recruitment exams for January 20 (Sunday), leaving candidates in a predicament. IBPS conducts...
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January 15, 2019 Loknath Das
Banking
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SBI’s move is in line with the circular (dated July 6, 2017) issued by Reserve Bank of India (RBI). The deadline for registering State Bank of India (SBI) internet banking with mobile number ends on November 30, 2018 i.e. today. Customers failing to register it will not be...
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December 1, 2018 Loknath Das
Banking
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HDFC Bank launched its new mobile banking app with revamped UI. Ever since the app was launched on Tuesday, has been down for 3 days.Users have not been able to log in. The app shows an error due to heavy load. New Delhi: HDFC Bank recently launched its...
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November 30, 2018 Loknath Das
Banking
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