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Business
Sashidhar Jagdishan Set To Be New HDFC Bank CEO; Aditya Puri’s Term Ends In October
Mumbai: Sashidhar Jagdishan is all set to be the new chief executive officer of HDFC Bank Ltd, India’s largest private lender. The RBI has approved Jagdishan’s candidature, who will be replacing Aditya Puri, for a three-year term. Puri has…
Moody’s Upgrades Yes Bank Ratings, Breather For Depositors
Bhubaneswar: The ratings of once capital-starved Yes Bank have been changed to 'stable' from 'positive' and that of its long-term foreign-currency issuer upgraded to B3 from Caa1 after the bank’s equity capital raise of Rs 15,000 crore.…
Banks To Have 13 Holidays In August; Know The Dates
New Delhi: Banking in India will be hit hard in the next month. Come August, the banks will remain closed for 13 days, including Saturdays and Sundays.
The Bank holidays in August will start with Baqrid and will end with Onam festival on…
Govt Identifies 1,474 ‘Risky’ Exporters Who Made Fraudulent Claims Of Rs 2020 Crore
New Delhi: The Union government has promised stern action against 1474 exporters, who have fraudulently claimed Integrated Goods and Services Tax (IGST) refund worth Rs 2,020 crore.
The finance ministry has identified these ‘risky’…
RBI Report Praises Govt Interventions And Measures By Financial Regulators
Mumbai: The Reserve Bank of India (RBI) has exalted the government interventions and actions taken by financial regulators in maintaining market integrity and resilience during the ongoing COVID-19 pandemic.
RBI's Financial Stability…
Flipkart Acquires Walmart India; Will Launch ‘Flipkart Wholesale’ In August
New Delhi: A week after Flipkart said that it had raised $1.2 billion from a group of investors led by Walmart, it has acquired Walmart India for an undisclosed amount and will launch ''Flipkart Wholesale'' next month, said a company…
Enter OTP For Withdrawals From SBI ATMs
Mumbai: In a bid to protect customers from unauthorised transactions at ATMs, the State Bank of India (SBI) has added a One Time Password (OTP) security layer for withdrawals from ATMs.
The service is enabled for cash withdrawals of over…
IT Department Issues Over Rs 71 Cr Tax Refund Amid COVID-19 Crisis
New Delhi: The Central Board of Direct Taxes (CBDT), the top policy-making body of the Income Tax Department has issued refunds worth Rs 71,229 crore in over 21.24 lakh cases till July 11, the Finance Ministry said on Friday.
The IT…
India’s Online Grocery Market May See 76% Jump In Sales In 2020: Goenka
New Delhi: The Indian online grocery market could see a whopping 76% jump in sales in 2020, compared to last year, feels Spencer's Retail Chairman Sanjiv Goenka.
In monetary terms, that would amount to sales exceeding Rs 22,500 crore…
‘Fake’ SBI Branch Unearthed In Tamil Nadu, Three Arrested; Probe Under Way
Chennai: Frauds and fraudsters have become a real threat in today’s society. But have you heard of a fake bank?
In an absolutely startling development, three persons were arrested for running a ‘duplicate’ State Bank of India (SBI) branch…