Category: Banking

Banking on breast milk

On 4 April, Shilpa Bharadwaj was admitted to a government hospital in Sanagneri Gate, Jaipur, as soon as she experienced the first twinge of labour pain. Later that day, she delivered a healthy boy. Twelve hours later, she died of complications. Her family, wracked with grief, had to turn its attention to the more pressing

SunTec launches solutions to help banks with digital transformation

With this approach, banks can quickly adopt new technologies, add more functionality and capabilities, offer customised products and enhance the customer experience. SunTec Business Solutions has launched in London the Xelerate Digital Core, a ‘low-risk approach for banks to accelerate digital transformation without having to replace their functionally stable legacy core systems.’ Xelerate seeks to

Grasshopper’s Judith Erwin leaps into innovation banking

In the years following the financial crisis, de novo bank activity in the US slowed to a trickle. But as memories fade, the economy expands and the potential of tech-powered financial services marches forward, entrepreneurs have once again been asking the question, “Should I start a bank?” And by bank, I’m not referring to a neobank, which sits

Bank of Baroda buys ₹3,000 crore DHFL loans

MUMBAI: Bank of Baroda (BoB) has entered into a transaction with Dewan Housing Finance Corp. Ltd (DHFL) to acquire loans worth ₹3,000 crore against its exposure to the non-bank lender, even as a lenders’ consortium to the stressed non-bank lender considers a resolution plan, two people aware of the development said. BoB acquired the pool of loans made

Syndicate Bank bets on Big Data to boost growth

Agri-loan waiver schemes to be completed by the end of FY20 Syndicate Bank is focusing on improving its information technology infrastructure in areas such as Big Data and Analytics. Replying to a query by a shareholder on the capex investment of the bank for the next two to three years at the annual general meeting

Searches resume at J&K Bank corporate headquarters

Anti-corruption bureau sleuths, who are looking into allegations of fraudulent appointments in the Jammu and KashmirBank, Sunday again raided the financial institution’s corporate headquarters here, officials said. On Saturday, searches were carried out at the bank’s headquarters at M A Road, soon after Parvez Ahmad was removed as its chairman by the state government. The bureau

After RBI delivers, the big question: Will the banks yield, too?

Significant easing of liquidity is critical for better transmission The RBI delivered on expected lines and cut its policy repo rate by 25 bps. While the central bank changing its stance from neutral to accommodative — essentially implying that rate hikes are out of the way — has further buoyed sentiments, the bigger question is whether banks

Americans Need A ‘Fitbit’ Of Banking

OBSERVATIONS FROM THE FINTECH SNARK TANK In a recent survey, the Financial Health Network asked financial services executives about their organizations’ most important strategic priorities. The second most-frequently mentioned priority–cited by seven in 10 banks and credit unions–was “improving customer financial health.” I’m not buying it. The Data Doesn’t Add Up If seven in 10 financial institutions are focused

11 Indians Get Swiss Notices In Process To Share Banking Details

NEW DELHI/BERNE:  As Switzerland strives hard to re-establish its global financial centre position after clamping down on secrecy walls of its banks, there has been a significant surge in the number of cases where it has initiated process to share information on Indians with Swiss bank accounts and shot off letters to about a dozen