The digital payments space in India, specifically UPI payments services, is about to undergo a major restructuring. The National Payments Corporation of India (NPCI) has made it official that a new limit will apply as of January 1, 2021 requiring that no third party application provider (TPAP) can exceed more …
Read More »
The digital payments space in India is about to get a bit more exciting, with WhatsApp Pay finally implemented for WhatsApp now available for iPhone and WhatsApp for Android users in India. Of course, you will need to have the latest version of WhatsApp installed on your phone for the …
Read More »
Indian stocks closed higher today amid a volatile trading session. The NSE Nifty 50 Index closed 0.34% higher at 11,937.65, while the S&P BSE Sensex closed 163 points higher at 40,707. Intra-day, Nifty peaked at 12,018 but was unable to maintain that level. This is the third time in eight …
Read More »
Net earnings of the country’s largest private bank, HDFC Bank, increased 18.4 percent to Rs 7,513.1 crore for the second quarter ending September 2020 (Q2Fy21) due to substantial growth in interest earnings. and other income. It had posted a net profit (profit after tax (PAT)) of Rs 6,344.9 crore for …
Read More »
Sashidhar Jagdishan will take over as Chief Executive Officer (CEO) of HDFC Bank effective October 27. The Reserve Bank of India approved the appointment of Sashidhar Jagdishan as Managing Director and Chief Executive Officer of HDFC Bank for three years on 4 August. Jagdishan will replace India’s oldest CEO, Aditya …
Read More »
Here is a list of the top ten stocks that may appear in the news on Wednesday: State Bank of India: The government appointed Dinesh Kumar Khara as SBI president on Tuesday, and Rajnish Kumar resigned at the end of his three-year term. The Board of Banks Bureau had recommended …
Read More »
New Delhi: HDFC Bank CEO and CEO Aditya Puri has assured employees of the nation’s largest private sector lender that their jobs and bonuses are safe. Even as the COVID-19 pandemic continues, Puri, who will be retiring later this month, said the bank is doing well, has enough capital, and …
Read More »
The economy may be progressively unlocking, but India’s private sector lenders have yet to see a quick recovery in their lending business. Updates from two private sector lenders indicate that loan growth is not out of the woods yet. IndusInd Bank in a performance update on stocks said its loan …
Read More »
Online shopping battles are ready to resume. Amazon and Flipkart have confirmed that the battle lines have been drawn before the festive shopping season. Amazon has just announced the Indian Festival Grand Deal and still says, “coming soon”. Amazon is expected to finalize the dates of the Amazon Great Indian …
Read More »
E-commerce giants Amazon and Flipkart have made their intentions very clear as the battle lines have been drawn ahead of the festive shopping season. Amazon has announced the Indian festival’s big deal as the Flipkart Big Billion Days deal, and while they both say sales are “coming soon,” there is …
Read More »