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25 September, 2018 2:21 PM Yes Bank To Seek RBI's Approval To Extend CEO Rana Kapoor's Term Beyond January

The RBI said last week Kapoor could serve as CEO of the private-sector lender only until January. Yes Bank Ltd said on Tuesday it would seek the Reserve Bank of India's approval to extend CEO Rana Kapoor's term beyond January, arguing that it needs more time to identify and groom a successor. The RBI said last week Kapoor could serve as CEO of the private-sector 34

25 September, 2018 9:38 AM RBI Can Consider Cutting Cash Reserve Ratio To Improve Liquidity, Says Finance Ministry Official

RBI could also consider buying more bonds from the open market and open a special window for mutual funds to inject liquidity, said official. Cutting banks' cash reserve ratio (CRR), or the amount of funds they set aside with the central bank, are among options that the central bank could look at to improve liquidity in the system, a finance ministry 34

25 September, 2018 6:43 AM Infosys deploys digital banking solution at Australian Military Bank

IT major Infosys Tuesday said it has deployed its Finacle banking solutions suite for Australian Military Bank (AMB). The comprehensive digital banking solution stack has been implemented in a fully software-as-a-service (SaaS) model, hosted out of Infosys datacentres in the country, Infosys said in a statement. It added that deployment of Finacle has enabled 25

25 September, 2018 3:50 AM Iran, major powers labor to keep nuclear deal afloat

The remaining parties to the Iran nuclear deal on Monday agreed to keep working to maintain trade with Tehran despite skepticism this is possible as US sanctions to choke off Iranian oil sales resume in November. US President Donald Trump decided in May to abandon the pact and to restore economic sanctions on Iran, including those that seek to force 31

24 September, 2018 5:01 PM SSC GD Constable Application: Important Update On Form Submission Last Date, Fee Payment

In an important update regarding the Constable (GD) in CAPFs, NIA, SSF and Rifleman (GD) in Assam Rifles recruitment examination, 2018, SSC has informed the applicants that that no further extension of time will be given beyond September 30, 2018 (5.00 PM) for submission of online application forms. Staff Selection Commission (SSC) had earlier notified 47

24 September, 2018 3:28 PM BNP Cardif to cut stake in SBI Life Insurance

The foreign partner is looking to reduce its stake to meet the minimum public shareholding norm of 25 percent in listed entities BNP Cardif, the foreign shareholder in SBI Life Insurance is looking to reduce its stake in the life insurance venture to meet minimum public shareholding norms. Currently, the promoters -- State Bank of India and France-based 43

24 September, 2018 11:58 AM India Has Potential To Triple Its Trade With South Asia, Says World Bank

Trade between India and Pakistan is a mere $2 billion -- which could be $37 billion -- without trade barriers, showed the report. India has the potential to more than triple its trade with its South Asian neighbours to $62 billion against its actual trade of $19 billion, said a World Bank report released in Kolkata on Monday. "A Glass Half Full: The Promise 32

24 September, 2018 9:42 AM New MD-cum-CEO for Indian Bank

An alumnus of Andhra University, Chunduru joined the public sector State Bank of India as a probationary officer, it said. Public sector Indian Bank Monday said Padmaja Chunduru has assumed charge as its managing director and CEO with immediate effect. Earlier, she served State Bank of India as its deputy managing director (global markets), Mumbai, a press 41

24 September, 2018 6:38 AM Now you can make insurance claims on WhatsApp

Customers can now use WhatsApp to file claims with the Bharti AXA Life insurance. In a first for a life insurer, Bharti AXA Life Insurance has launched claim processing through WhatsApp. The company hopes to make claims submission hassle-free for customers who get the option of claim intimation by just sending a message through the instant messaging 50

23 September, 2018 5:11 PM Former Mayor, Driver Shot Dead In Bihar's Muzaffarpur

Former Muzaffarpur Mayor Samir Kumar and his driver were shot dead on Sunday night by unidentified assailants, police said. Samir Kumar and his driver were fatally shot by men armed with an AK-47 assault rifle near Banaras Bank Chowk, news agency ANI said. The criminals forced the former Mayor's SUV to a stop at the Banaras Chowk and fired dozens of bullets 44