Latest News on Financial Institutions
Showing of 0 - 10 from 31 results
Financial Institutions - Total results - 31
Jul 19, 2018
FRDI Bill: Govt scrapping it is good news for depositors; but India needs stronger laws to handle banks that go brokeThe government could have retained the FRDI Bill, tweaking the controversial provisions
Dec 12, 2017
FRDI Bill: Govt will fully protect public deposits, says finance minister Arun JaitleyArun Jaitley made the comment to allay concerns with regard to a provision in the Financial Resolution and Deposit Insurance (FRDI) Bill, 2017, first introduced in the Lok Sabha in August this year and currently undergoing scrutiny by a joint parliamentary committee
Dec 11, 2017
FRDI Bill: Arun Jaitley alleys fears about bail-in provision, says govt will fully protect public depositsThe draft FRDI Bill empowers Resolution Corporation to cancel liability of a failing bank or convert nature of liability.
Oct 07, 2017
Bots set to change the rules of BFSI; will put substantial capabilities in the hands of consumersBots, powered by ample compute cycles and memory as well as the rapid advances in AI, will put substantial capabilities in the hand of the consumer.
Sep 06, 2017
Jaypee Infratech insolvency case: Supreme Court is walking a tight rope as home buyers enter the frayReal estate companies should be treated as an exemption on Section 53 of the bankruptcy code and home-buyers should be given some higher priority in repayments
Mar 01, 2017
Vijay Mallya PMLA case: Court nod to ED to attach Rs 4,200 crore assetsIn September last year, the ED had issued the order, under the provisions of the Prevention of Money Laundering Act (PMLA), to attach the various properties including flats, a farmhouse, shares and Fixed Deposits (FD) among others in the name of Mallya and associated firms.
Nov 22, 2016
R3 CEV, the blockchain start-up cuts funding target to $150 million from $200 millionBlockchain company R3 CEV has reduced the amount it aims to raise from bank members in its first large round of equity funding to $150 million from $200 million and is changing the structure of the deal, according to a person familiar with the plans.
Aug 03, 2016
The R3 blockchain consortium's latest member is Thomson ReutersThomson Reuters has joined a consortium of the world's biggest financial institutions that is working on how to use blockchain technology in global financial markets, the company said on Tuesday.
Jul 21, 2016
Wilful defaulters accounts at 5,610, NPAs Rs 5.39 lakh cr, says bank staff unionIn nationalised banks, a total of 3,192 accounts were those of wilful defaulters, who owe a sum of Rs 28,775 crore.
Sep 22, 2015
The Banks Balance: Humanising customer experience in the connected ageIt’s crucial for banks to find a balance between bringing traditional customer service into the digital age and creating an experience that still has a human element at its core.