Following an initial investigation by the Mumbai Police's Economic Offences Wing (EOW), the Ministry of Corporate Affairs' Serious Fraud Investigation Office (SFIO) has begun a comprehensive investigation into suspected accounting errors totalling more than INR 2,000 crore at IndusInd Bank. Sources claim that the probe was
On 19 August, Punjab National Bank said that it has chosen the domain name bank.in and that, instead of using the current www.pnb.co.in, its website will now be www.pnb.bank.in. PNB Strengthens Digital Security “In accordance with the RBI circular on 'Migration to
fintech
Financial Technology or Fintech for short, is a technological innovation expanding the delivery of financial services from the traditional methods. Fintech enhances and automates financial activities like investing and trading in financial markets using smartphones, buying cryptocurrencies online, etc. Hence, fintech companies are those that provide financial services, financial management
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Archaeological evidence from the era of 2000 BCE shows the beginning of the banking system with the first prototype that engaged in giving grain loans to farmers and traders. It also proves that money-lending was also an activity carried out in India and China as well. The historical roots of
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Simplify Business Banking with Razorpay [https://rzp.io/i/Y8NGbXv]
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Each business requires several services for its easy working. Some of the services are achieved by the traditional method, whereas some services get fulfilled by outsourcing facilities. Apart from these, there can be few leniencies provided by modern technology to accomplish a work. The best example of this is to
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In this fast-pacing era where really nobody has the time or the interest to walk over to a bank branch to do banking or business, “Neobanks” are a change and, in a good way, but are they really a promising future? Let’s find out. What is Neobank? Difference Between
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Automation and its effects on jobs will wipe out millions of job opportunities, and it is now creating hype among the generation. A threat of losing careers. Is this a real threat? If the answer is yes, then why it is introducing between us? No doubt, AI and automation promote
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Mobile Industry took its turn during early 1997 when the first GSM sim was introduced in the market. Because of GSM sim cards, it was easier to connect with people in remote areas at a cheap cost. People started buying mobile phones which turned out to be a great success
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The pandemic has changed the face of all systems that existed. The world is now divided into two parts – Pre and Post Covid. It highlighted many aspects of everyday activities that can be changed for the better. This pandemic is going to result in entire societies being transformed in the
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The Reserve Bank of India has announced a considerable number of changes in regards to the financial and non-financial transactions related to the ATMs in the country. The Central Bank has provided the permission for the banks to increases the charges from their customers. Let’s look at the latest
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Nomura Holdings which is a Japanese brokerage house has recorded a steep loss for the first quarter of 2021. Nomura had also booked a loss in the previous financial year amidst the Covid pandemic. Let’s look at the reason given by Nomura holdings regarding the loss and the further
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Citi Bank had recently announced that it will exit retail banking operations in India and 12 other countries. The other countries include Australia, Indonesia, Korea, Bahrain, Malaysia, Philippines, Poland, Taiwan, Russia, Thailand and Vietnam. Citi bank is one of the largest foreign banks in India. Let’s look at the
banks in India
The banking sector is the most leading industry in the Indian economy. India's banking sector is sufficiently capitalized and well regulated as per the Reserve Bank of India. Over the centuries, banks evolved to become a financial institution where one could deposit and withdraw money from. A bank&
banking
Banks are the place where individuals park their money. Bank’s indicate that your life’s savings are secure in their lockers or vaults. But as everything is getting digital, today banks deal with data and most of the transactions are online with just a click of few buttons and
banking sector
From early history, the banking industry has been acting as an intermediary to conduct financial transactions. Technology has always had an impact on the banking system. Major banks and financial institutions are realizing that blockchain technology could vastly improve the efficiency of their processes –particularly in cross-border payments – and reduce
📄Company Profiles
Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by the organization it is based on. Citigroup Inc. is a diversified financial services holding company that provides a broad range of financial services to consumer