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Agriculture And Allied Industries

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Note ban effect: Debit cards preferred over credit cards, account for 60% of card spend

Mumbai: Debit cards have replaced credit cards as the primary mode of payment post demonetisation, accounting for 60 percent of the total card spending as compared to 42 per cent p...

March 27, 2017

IndusInd said to be in advanced talks to acquire Bharat Financial

Mumbai: IndusInd Bank Ltd. Plans to acquire Bharat Financial Inclusion Ltd, a micro-finance company, in a share swap deal, which will help IndusInd to target banking clients in rur...

March 10, 2017

Canadian pension funds buy 1.5% stake in Kotak Mahindra Bank

Mumbai: The Canada Pension Plan Investment Board (CPPIB) and the Caisse de Depot Quebec (CDPQ) have acquired a 1.5 per cent stake in Kotak Mahindra Bank from Mr Uday Kotak, Executi...

March 09, 2017

TransUnion Cibil launches credit ranking for MSMEs

Mumbai: TransUnion Cibil has launched credit ranking for micro, small and medium enterprises (MSMEs), which will give credit ranking to MSMEs on a scale of 1 to 10 on the basis of ...

March 01, 2017

RBI proposes lower MDR from April 1 to keep digi-pay momentum

Mumbai: The Reserve Bank of India (RBI) has proposed to keep merchant discount rate (MDR) for debit-card transactions on the basis of merchant turnover instead of the present trans...

February 17, 2017

NPCI expects all public sector banks to join BHIM by February-end

New Delhi: The National Payments Corporation of India (NPCI) plans to integrate all public sector banks (PSBs) to the usage of Bharat Interface for Money (BHIM) app by end of Febru...

February 08, 2017

Ujjivan Financial Services launches small finance bank

Bengaluru: Microfinance firm Ujjivan Financial Services Ltd has announced starting of banking services across its branches under the name of Ujjivan Small Finance Bank Ltd, thus be...

February 07, 2017

Budget 2017: Arun Jaitley pushes for a cashless economy

New Delhi: Finance Minister Mr Arun Jaitley has proposed various measures to quicken India's transition to a cashless economy, including a ban on cash
transactions over ...

February 02, 2017
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