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The 100-year-old CSB Bank, which is majority-owned by Canadian billionaire Prem Watsa’s Fairfax group, had announced plans to transform itself into a new-age bank. After a clean-up of loan books and infusion of capital, the bank decided to focus on gold loans until the transformation is in place. Last year, its gold loan business rose 60% with the share of such loans rising to 40%.
RBI sets rules for digital payments in IndiaThe RBI circular on digital payments rules comes at a time when outages, frauds and data breaches have spiked in India’s burgeoning payments ecosystem.
from Stocks-Markets-Economic Times https://ift.tt/3jZJfnk
… Read MoreGST on gas to lower prices, boost volumesThe inclusion of gas under the GST regime may boost the gas volume and benefit companies across the value chain from upstream (ONGC, Oil India), mid-stream (GAIL, GSPL) and downstream (Indraprastha Gas, Mahanagar Gas, and Guj… Read MoreBitcoin ETF roars in debut with $165 million of trading volumeAfter a relentless surge in the world’s largest digital currency, the first Bitcoin product that’s officially labeled an exchange-traded fund debuted Thursday in Toronto.
from Stocks-Markets-Economic Times https://ift.tt/3b… Read MoreIndices fall for 3rd day, FII inflows lend supportAnalysts said the drop in the indices has been measured because of continued flows from foreign funds, absorbing majority of the selling by domestic institutions.
from Stocks-Markets-Economic Times https://ift.tt/3dqpR1n
… Read MoreFinmin flags SBI-HDFC-BoB NUE planThe government doesn't want public sector banks, which SBI and Bank of Baroda are, to compete against RuPay and UPI that are run by the National Payments Corporation of India (NPCI).
from Stocks-Markets-Economic Times https:… Read More
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