Medicines for dogs from Elanco (above) and Bayer (below) are available in an animal shelter on the treatment table of a veterinarian.Frank Rumpenhorst | picture alliance | Getty ImagesCompany: Elanco Animal Health Inc. (ELAN)Business: Elanco is an…
Will ensure banks pass on rate cut benefits…
NEW DELHI: Finance Minister Nirmala Sitharaman has assured that she will ensure banks pass on the rate cut benefits to consumers, so the interest burden on them eases, industry body PHDCCI said on Friday. She…
Banks to install contactless ATMs to cut down…
MUMBAI: With reduced hand contact becoming the norm in the wake of the coronavirus pandemic, banks are set to deploy contactless ATMs. A prototype has been developed by payments company AGS Transact Technologies, which uses…
YES Bank’s FD is providing free health insurance…
YES Bank has recently launched a new fixed deposit (FD) product bundled with a health insurance cover for COVID-19 illness. The bank has tied up with Reliance General Insurance to offer this FD plus COVID…
RBI slaps Rs 4 crore penalty on Citibank…
KOLKATA: The Reserve Bank of India has slapped Rs 4 crore penalty on Citibank NA and Rs 1.45 crore on three urban cooperative banks for flouting banking rules. The regulator said the penalty on Citibank…
Extend loan automatically to all eligible borrowers without…
NEW DELHI: Finance Minister Nirmala Sitharaman on Saturday said banks have been asked to extend loans automatically to eligible borrowers without fear of 3Cs -- CBI, CVC and CAG. She said clear instructions have been…
Banks will struggle to generate profits even as…
WASHINGTON — The beaten-down banking sector will remain under pressure through 2025 even as the economy recovers, the International Monetary Fund said Friday. In its latest "Global Financial Stability Report," the IMF found banks across nine advanced economies…
Banks adopting different procedures while releasing pensions: Government
NEW DELHI: Banks are adopting different procedures while releasing pension or seeking certificates from pensioners at different periodicity, the Personnel Ministry has said. The ministry has issued consolidated guidelines to chairman and managing directors (CMDs)…
Banks find new ways to amuse and inform…
New Delhi: At a time when the spread of COVID-19 has made social distancing a buzzword, banks have increased their reliance on social media to engage with their customers -- may it be for disseminating…