Banking And Finance
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NRIs in 10 countries can now set up UPI on international mobile numbers
The countries are Singapore, Australia, Canada, Hong Kong, Oman, Qatar, the United States, Saudi Arabia, the United Arab Emirates and the United Kingdom.
Scroll Staff
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State Bank of India hikes lending rates by 0.1% for second time in a month, EMIs to get costlier
The move came nearly two weeks after the Reserve Bank of India raised its repo rate by 0.4% to 4.40%.
Scroll Staff
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State Bank of India raises lending rates by 0.1%, EMIs to get costlier
Following the State Bank of India’s move, Bank of Baroda, Axis Bank and Kotak Mahindra Bank also increased their benchmark lending rates.
Scroll Staff
Trending
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The curious case of Pran Puri, the 18th century travelling monk who was discovered and forgotten
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How Alexander the Great became Iskandar Zulkarnain, the legendary ancestor of Malay kings
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How Delhi ate up its village commons
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Explainer: Why India wants to modify the Indus Water Treaty after 62 years
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Celebrate ‘Cow Hug Day’ on Valentine’s Day, Animal Welfare Board urges
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Why Citibank joined a line of foreign banks leaving India
A pioneer in the country’s credit cards space, Citi saw its outstanding credit cards decline from 26 lakh a year ago to 25 lakh by the end of February.
Mimansa Verma, qz.com
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From Nirav Modi to ABG Shipyard: Why do bank frauds keep happening in India?
A lack of regulation, flawed lending policies and an inefficient fraud monitoring mechanism are among the factors that have led to a rise in NPAs.
Mimansa Verma, qz.com
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Public banks are being marginalised in the lending arena by new-age financial power brokers
India is leaning dangerously toward enabling a new generation of oligarchs in the mould of Russia or Mexico.
Rohit Chandra
Video
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Syria earthquake: Watch rescuers erupt in joy after family is pulled out alive from debris
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Watch: Drew Barrymore shaves off actor Tyler Posey's moustache during an on-camera interview
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‘Liar!’ Watch Republicans heckling US President Joe Biden during State of the Union address
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Watch: Bowhead whales rejuvenate themselves at a ‘health spa’ off the coast of Russia
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‘He makes it appear he’s the remote control behind the PM’: TMC’s Mahua Moitra on Adani in Lok Sabha
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RBI supersedes board of Anil Ambani’s Reliance Capital, to start bankruptcy proceedings
The central bank said the company has not been able to meet payment obligations to its creditors and address other ‘serious governance concerns’.
Scroll Staff
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For India’s finance industry, there seems to be no end to the bad loan problem
Between April and June, many borrowers could not repay banks as the country’s second-wave of Covid-19 dented businesses and jobs.
Mimansa Verma, qz.com
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At the Jackson Hole meet of central bankers, Covid-19’s impact may not be the biggest concern
Instead, they are likely to be taking on resurgent inflation, asset and property bubbles and the urgent action needed to halt climate change.
Alan Shipman, The Conversation
The Reel
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‘The Consultant’ trailer: Christoph Waltz plays a sinister boss in dark comedy series
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Watch: Behind the scenes of Hansika Motwani’s December wedding
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Amit Trivedi lets his music do the talking: ‘There’s one life. We take it way too seriously’
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Start the week with a film: Horses and a quietly thumping heart in ‘The Rider’
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‘Class’ review: An immersive and revealing show about privilege
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RBI’s ban on Mastercard could be a win for Indian government’s own payment systems
The US-based Mastercard had not complied with data storage rules from 2018 that require foreign card networks to store Indian payments data within the country.
Mimansa Verma, qz.com
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Why Facebook, Google and Amazon want to build online payments platforms for India
The success that UPI has tasted since its inception in April 2016 has caught the attention of tech giants.
Prathamesh Mulye, Qz.com
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Citigroup to exit retail banking business in India, 12 other countries
The company plans to focus on wealth management.
Scroll Staff
The Field
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India vs Australia: Pat Cummins on prospect of turning pitches – ‘We just got to embrace it’
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India v Australia: Rohit Sharma & Co look to retain Border-Gavaskar Trophy, with an eye on WTC final
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Sune Luus column: Hosts South Africa eager to keep ICC Women’s T20 World Cup at home
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Reactions as LeBron James becomes the NBA’s leading scorer: ‘The All-Time Scoring King’
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Shuttle Zone: From Naraoka to Treesa-Gayatri, new kids on the block who could make their mark