Industry

olidays in January 2020: The 16 days for which banks are shut constitute ten public holidays and four Sundays along with the second and fourth Saturdays.Holidays in January 2020: Expecting bank account to be credited with salary on…
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The 5G is the next-generation cellular technology with download speeds stated to be 10 to 100 times faster than current 4G networks. (Reuters)China’s telecommunications giant Huawei on Tuesday thanked the Indian government for permitting…
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Budget 2020 India: MSMEs have asked for timely GST refunds.Union Budget 2020 India: Among key measures required to boost MSME exports, the sector has sought a minimum 50 per cent of market development funds to be earmarked for MSMEs, in…
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Tahilyani will take charge of the position to lead operations, technology, strategy and analytics from January 6, 2020, it said.Axis Bankon Tuesday appointed Amit Talgeri as the Chief Risk Officer (CRO) of the bank for three years, from…
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As on March 31, 2019, IFIN’s total borrowings stood at Rs 8,866.32 crore, up 2.75% y-o-y.IL&FS Financial Services (IFIN) reported a net loss on a standalone basis of Rs 13,274.52 crore in the financial year 2018-19, compared with a…
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At the end of October, US-based Cognizant said it planned to slash up to 7,000 jobs as part of cost-reduction efforts.Automation and AI continued to log in multi-million dollar prospects for Indian IT companies despite slower overall…
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New home buyers will get loans at interest rates starting from 7.9% p.a., it added.State Bank of Indiaon Monday reduced its external benchmark based rate (EBR) by 25 basis points to 7.8% p.a. from 8.05% p.a. with effect from January…
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Khara added that the gross bad asset value is a function of the state of the economy and the stress on balance sheets.State Bank of India (SBI) may see some gross non-performing assets (NPAs) arising out of the corporate portfolio in the…
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FASTag will be mandatory for motorists using the national highways from January 15, 2020.All authorised payment systems and other instruments including non-bank PPIs, cards and UPI will now be permitted for linking with the FASTags to…
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According to the Reserve Bank of India, these holidays may differ from state to state and might also be different in various banks.In the upcoming month of January, banks in India will remain closed for 16 days, which constitutes ten…
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