Category: Banking

HDFC Bank customers still unable to access online banking services

HDFC Bank account holders on December 2 said that the online banking services were not functioning. Several users took to Twitter to state that they were not able to access their accounts online or use the services on the bank’s app for the past few hours. In response to a query, HDFC Bank told Moneycontrol, “Due to a

The 7 Biggest Technology Trends To Disrupt Banking & Financial Services In 2020

Even though banking and financial services have been slower than other industries to adopt the latest technology into their operations, financial organizations are trying to catch up by incorporating artificial intelligence, blockchain, and other technology to benefit their customers, remain competitive and improve business results. Here are the 7 biggest technology trends that will disrupt

Why Planet Fitness Stock Fell 18% in September

What happened Shares of Planet Fitness (NYSE:PLNT) weren’t looking so fit last month. The discount gym’s stock dropped 18%, according to data from S&P Global Market Intelligence. There was no company-specific news out on Planet Fitness. Rather, the stock seemed to drop as investor sentiment turned after the stock peaked over the summer. Meanwhile, investors seemed to be moving

RBI rebuts social media rumours on closure of 9 banks

MUMBAI: Rebutting social media rumours swiftly, the Reserve Bank of India on Wednesday said no commercial banks are going to be shut. Finance secretary Rajiv Kumar discribed such social media messages as “mischievous” saying the government was in process of strengthening public sector banks by infusing capital in them. “Reports appearing in some sections of social media about the RBI closing

RBI puts Mumbai-based PMC Bank under directions

The Reserve Bank of India has put limits on amount that can be withdrawn by depositors from the urban co-operative bank. The Reserve Bank of India has placed Mumbai-based Punjab and Maharashtra Cooperative Bank (PMC Bank) under directions for six months from the close of business of the bank on September 23, 2019. The depositors