Banks Indian Subcontinent Jobs Market

Pursuit HSBC Barclays Citi bank also Exit retail business from Indian soil

Citigroup on  Thursday exploded bomb in financial market after it said that it was exiting its retail business in India and 12 other countries across Asia and parts of Europe, to focus on wealth management business, as it lacked the scale to compete in the retail space.   The decision to exit retail businesses from Read More…

Banks BJP DMK Indian Subcontinent Industries Jobs Market

India inflation reaches 5.03% mounts pressure to Modi government for Fuel tax cut

India’s retail inflation surged to a three-month high of 5.03 per cent in February, as against 4.06 per cent in the previous month, as petrol and diesel prices rose sharply.  While the consumer price index-based fuel and light inflation rate stood at 3.53 per cent in the month compared to 3.82 per cent in January.  Read More…

Banks Indian Subcontinent Protest Voice

Centre privatisation push Bank unions to call for total strike on March 15 and 16

The United Forum of Bank Unions (UFBU), an umbrella body of nine unions, will go on a two-day strike on March 15 and 16, 2021, to protest against the proposed privatisation  state-owned banks.   As a result Industry sources confirmed Banks are scheduled to be closed on March 13, 2021 (second Saturday) and March 14, Read More…

Banks Industries Regulators

Reason behind TRAI suspension of norms for commercial text messages

TRAI suspends norms for commercial text messages for one week This comes after following disruptions in SMS and OTP deliveries for banking, payment, and other transactions Telecom regulator TRAI on Tuesday suspended the newly-implemented norms for commercial text messages for one week, following disruptions in SMS and OTP deliveries for banking, payment, and other transactions. Read More…

Banks Currency

Bitcoin cryptocurrency gained 20% in a week to reach $1 trillion cap

The world’s most popular cryptocurrency rose to a record $57,553, taking its weekly gain to around 20%. It has surged nearly 100% this year.   Bitcoin hit a fresh high on Saturday, extending a two-month rally that took its market capitalization above $1 trillion on Friday.   Bitcoin’s gains have been fueled by evidence it Read More…

Banks Indian Subcontinent

Indian retail investors can purchase Government Bonds directly : RBI

The Reserve Bank of India on Friday gave retail investors direct access to the government securities markets a move termed by Governor Shaktikanta Das as a “major structural reform”.   India, in fact, will be the third nation in the world after the United States and Brazil, where retail participants can take direct exposure on Read More…

Banks Life Style Regulators South India

Police officials book HDFC bank officals for kidnap and harassment charges

Chennai police have filed an FIR against Aditya Puri, former CEO and MD of HDFC Bank, in connection with a complaint from a Chennai resident, after he alleged that the high profile banker had threatened him through a video call regarding a dispute over repayment of loans he took from the bank.   The police Read More…

Banks BJP Voice Votes & Polls

BJP becomes the biggest beneficiary in the SBI electoral bonds worth Rs 6,492.7 crore

Over the past three years, State Bank of India (SBI), the official channel for selling these instruments, has sold EBs worth Rs 6,492.68 crore in 14 phases, shows an analysis by Commodore Lokesh Batra (retd).  Commodore Batra says, “During 2018 to 2020, SBI sold 12,773 electoral bonds, of which 12,632 bonds worth Rs 6,472.43 crore Read More…

Banks Gadgets Industries Market

Mobile loan apps cheating fraud gangsters arrested by Police

At least 27 cases have been registered following at least three suicides over a month.  But, the Central Crime Branch police have registered one case based on a complaint by one Ganesan of Vengaivasal and four more similar complaints have been forwarded to CCB from Adyar police districts.  Each district might have registered cases separately, Read More…