Tata Consultancy Services (TCS) has expanded its strategic partnership with SBI Cards to power digital transformation. TCS had helped the SBI cards to transform its core cards sourcing platform and digitized a significant portion of the process. TCS ...

Dhanlaxmi Bank has signed a pact with Central Board of Direct Taxes (CBDT) and Central Board of Indirect Taxes and Customs (CBIC) for tax collection. The bank has been authorised by the Reserve Bank of India (RBI) based on recommendation from the Controller General of Accounts for ...

Small Industries Development Bank of India has provided the first approval under the SIDBI Cluster Development Fund (SCDF) to the Maharashtra Govt.  The ₹600 crore aid has been approved for reviving/ upgrading ITIs/polytechnics run by the Directorate of Vocational ...

The Reserve Bank of India (RBI) said  it has imposed a monetary penalty of Rs 17.63 lakh on Manappuram Finance Limited for non-compliance of norms related to Know Your Customer (KYC) and Prepaid Payment Instruments (PPIs). KEY POINTS: The Reserve Bank of India (RBI) has imposed monetary ...

Kotak Mahindra Bank (KMBL) announced the launch of Kotak FYN, its new enterprise portal exclusive for Business Banking and Corporate clients. The bank’s customers can use the portal to carry out all trade and services transactions. By the last quarter of 2022, the Kotak FYN portal will include ...

The Centre has completed asset monetisation worth Rs 96,000 crore during FY22, surpassing the target of Rs 88,000 crore. For FY23, it has set itself a goal of Rs 1.62 trillion, and already has a pipeline of assets worth Rs 1.6 trillion under advanced stages of implementation, an official said. ...

The Asian Development Bank (ADB) on Tuesday signed an agreement with the Government of India to offer $2 million project readiness financing (PRF) loan for designing climate-resilient urban infrastructure, strengthening institutional capacity and improving municipal resource mobilisation in ...

Axis Bank has signed a USD 150 million Partial Guarantee Facility Agreement (PGFA) with the Asian Development Bank (ADB) to support supply chain financing for impact sectors. The programme will have a special focus on ESG (environmental, social and governance). ...

The Reserve Bank of India (RBI) on Thursday issued guidelines for the establishment of ‘Digital Banking Units’ as announced in the Union Budget 2022-23 by Finance Minister Nirmala Sitharaman earlier this year. In the Union Budget 2022-23 the finance minister made announcements for setting up of 75 ...

ICICI direct and CoverStack have announced a partnership to offer insurance on icicidirect.com that will be powered by CoverStack. CoverStack operates Coverfox Insurance (coverfox.com) which follows a plug-and-play model. It provides technological solutions and ...