Banking

India's potential growth could benefit from accelerated implementation of an already ambitious reform agenda, the World Bank said in a report.

Indian-origin Ajay Banga is set to become the next president of the World Bank after no country proposed an alternative candidate. He will succeed current president David Malpass, who announced his plans to step down in February this year.

Ajay Banga, the US pick to head the World Bank, appears almost certain to become the anti-poverty lender's next president after nominations closed Wednesday with no country publicly proposing an alternative candidate.

Embattled Swiss banking giant Credit Suisse has failed to disclose more than $700 million in previously undeclared accounts since 2014, in violation of a plea deal with the US Department of Justice, a Senate committee said Wednesday.

National Payments Corporation of India (NPCI) on Wednesday said there is no charge for the bank account to bank account-based UPI payments or normal UPI payments. However, interchange charges are only applicable for the prepaid payment instruments (PPI) merchant transactions and there is no charge to customers, NPCI clarified in a statement.

The fee will not be applicable for person-to-person transactions or person-to-merchant transactions between a bank and the prepaid wallet.

NPCI (National Payments Corporation of India) today said there is no charge for the bank account to bank account-based UPI payments or normal UPI payments

The veteran India fast bowler is determined to make his return to the ODI squad ahead of the 2023 World Cup.

Zee Entertainment Enterprises Ltd and IndusInd Bank Ltd told an Indian tribunal today that they have settled a dispute over a loan default, paving the way for the media company's merger with a local unit of Sony.

Shares opened higher today, aided by broad-based gains across sectors, while lingering concerns over the ongoing global banking crisis kept the mood cautious.

The Ministry of Housing and Urban Affairs has proposed to amend a section of the Metro Railways (Operation & Maintenance) Act 2002 to ensure that no attachment of properties or bank accounts or any assets of any metro rail can ever be carried out.

Kolkata Knight Riders skipper Nitish Rana on Tuesday said he is up for the responsibility given to him and would bank on man management to deliver results for the side in the upcoming IPL

India's yield curve has flattened markedly as the insurers and pension funds snapped up 10-to-40 year debt, with HDFC Life Insurance Ltd. saying that market participants are asking the central bank to sell more longer-dated bonds.

Gogoro, Zomato and Kotak Mahindra Prime on Tuesday announced a collaboration on electric two-wheeler deployment to drive electric mobility in India. As part of this collaboration, the companies will offer last-mile delivery partners associated with Zomato affordable loan terms and battery swapping services.

A Kotak Mahindra Bank arm today announced that it has raised $1.25 billion for its second special situations fund.

India's potential growth could benefit from accelerated implementation of an already ambitious reform agenda, the World Bank said in a report.

Indian-origin Ajay Banga is set to become the next president of the World Bank after no country proposed an alternative candidate. He will succeed current president David Malpass, who announced his plans to step down in February this year.

Ajay Banga, the US pick to head the World Bank, appears almost certain to become the anti-poverty lender's next president after nominations closed Wednesday with no country publicly proposing an alternative candidate.

Embattled Swiss banking giant Credit Suisse has failed to disclose more than $700 million in previously undeclared accounts since 2014, in violation of a plea deal with the US Department of Justice, a Senate committee said Wednesday.

National Payments Corporation of India (NPCI) on Wednesday said there is no charge for the bank account to bank account-based UPI payments or normal UPI payments. However, interchange charges are only applicable for the prepaid payment instruments (PPI) merchant transactions and there is no charge to customers, NPCI clarified in a statement.

The fee will not be applicable for person-to-person transactions or person-to-merchant transactions between a bank and the prepaid wallet.

NPCI (National Payments Corporation of India) today said there is no charge for the bank account to bank account-based UPI payments or normal UPI payments

The veteran India fast bowler is determined to make his return to the ODI squad ahead of the 2023 World Cup.

Zee Entertainment Enterprises Ltd and IndusInd Bank Ltd told an Indian tribunal today that they have settled a dispute over a loan default, paving the way for the media company's merger with a local unit of Sony.

Shares opened higher today, aided by broad-based gains across sectors, while lingering concerns over the ongoing global banking crisis kept the mood cautious.

The Ministry of Housing and Urban Affairs has proposed to amend a section of the Metro Railways (Operation & Maintenance) Act 2002 to ensure that no attachment of properties or bank accounts or any assets of any metro rail can ever be carried out.

Kolkata Knight Riders skipper Nitish Rana on Tuesday said he is up for the responsibility given to him and would bank on man management to deliver results for the side in the upcoming IPL

India's yield curve has flattened markedly as the insurers and pension funds snapped up 10-to-40 year debt, with HDFC Life Insurance Ltd. saying that market participants are asking the central bank to sell more longer-dated bonds.

Gogoro, Zomato and Kotak Mahindra Prime on Tuesday announced a collaboration on electric two-wheeler deployment to drive electric mobility in India. As part of this collaboration, the companies will offer last-mile delivery partners associated with Zomato affordable loan terms and battery swapping services.

A Kotak Mahindra Bank arm today announced that it has raised $1.25 billion for its second special situations fund.