RBI plans to cut online charges to boost digital banking

January 20, 2017 | Reuters

The Reserve Bank of India is working on a plan to reduce online transaction costs as it tries to encourage more digital banking, two parliamentary panel members quoted central bank governor Urjit Patel as saying on Friday.

Exclusive: Capital Small Finance Bank gets funding commitment from insurance firms

January 17, 2017 | Bruhadeeswaran R

Punjab-based Capital Small Finance Bank (CSFB), formerly Capital Local Area Bank, has received commitment from several investors for an equity funding round to shore up its capital base as well as enhance presence and lending capability, a person close to the development told VCCircle. 

RBI eases daily cash withdrawal limit

January 16, 2017 | Reuters

The Reserve Bank of India (RBI) on Monday relaxed cash withdrawal limits from automated teller machines (ATMs) and current accounts with immediate effect.

Mid-market I-bank club swelling, but can accommodate more: Equirus' Ajay Garg

January 13, 2017 | Bruhadeeswaran R

Equirus Capital Pvt Ltd, the Mumbai-based investment bank that focuses on mid-market deals, is completing a decade of operations in July and is now at an important juncture. Over the past year, it has gone through a management reshuffle and started new businesses. 

Bharti Airtel rolls out India's first payments bank

January 12, 2017 | Mansi Taneja

India’s largest telecom operator Bharti Airtel on Thursday launched its payments bank with an initial investment of Rs.3,000 crore.

ICICI Prudential, Lombard acquire 10% stake in Fino PayTech for $17.26 mn

January 11, 2017 | Bruhadeeswaran R

Payments bank applicant FINO PayTech Ltd has closed Rs 400 crore in primary funding following the latest tranche of capital from ICICI Prudential Life Insurance and general insurer ICICI Lombard even as it awaits regulatory approval to launch the payments bank before early April, said a top compa

In Charts: How mobile banking, wallet and card transactions fared after demonetisation

January 09, 2017 | Keshav Sunkara

The government has been trying to make a case for cashless transactions ever since Prime Minister Narendra Modi shocked the nation by scrapping high-value notes from 9 November. The note ban sucked out 86% of the currency in circulation overnight, hurting consumption and business activity.

Exclusive: Baker Tilly DHC hires M&A partner, to ramp up I-banking vertical

January 09, 2017 | Ranjani Raghavan

Baker Tilly DHC, a consulting firm which has so far been focusing on auditing, valuation, restructuring and due-diligence services, has hired a former executive with Axis Capital’s investment banking team as senior partner to lead its M&A and private equity practice, top company executives to

Top trends to watch out for in banking and financial services

January 06, 2017 | Bruhadeeswaran R

India's banking and financial services companies will brace for new challenges in 2017 as the entry of new types of lenders intensifies competition while high bad loans and demonetisation continue to haunt the sector.

How bank credit fell across sectors after demonetisation

January 04, 2017 | Keshav Sunkara

The government’s 8 November decision to ban high-value notes has not only caused a cash crunch but also hit business activity and, in turn, slowed banks’ credit growth.