The Ministry of Finance is aiming to include more officials from the insurance industry in the Banks Board Bureau (BBB) to enlarge and relaunch the organization. The ministry hopes that by doing so, it would be able to nominate persons for positions at public sector insurers and speed up recruiting at the highest level of […]
Canara Bank, a public sector lender, wants to invest Rs 1,000 crore in a digital banking ecosystem, including a super-app, over the next three years. Next month, the Bengaluru-based bank will reveal its super app (which has yet to be named). According to K Satyanarayana Raju, managing director of Canara Bank, this would entail upgrading […]
By Administrator_India Capital Sands Several banks, including State Bank of India (SBI), have been imposing excessive charges on certain services provided to poor persons having zero-balance or Basic Savings Bank Deposit Accounts (BSBDA), a study by the IIT-Bombay has revealed. The study observed that the SBI’s decision to levy a charge of Rs 17.70 for […]
Forex is one of the fastest-growing areas for new traders to get started. The main reason for this is the low entry-level (only a few hundred dollars for mini accounts) and that it is fairly straightforward to trade. The word FOREX is derived from Foreign Exchange and is the largest financial market in the world. Forex is […]