Indian Banking Industry News & Updates - March 2023
How can you transfer money from a credit card to a bank account?
Transferring money from your credit card to bank account using e-wallet
You can use e-wallets such as Freecharge, MobiKwik, etc. to transfer funds from your credit card account to your bank account. Given below are the steps you will have to follow to initiate the process:
AMCs outline riders to exit small, midcap MFs in case of market crisis
The policies for small and midcap schemes were prepared by MF trustees following directives from the Securities and Exchange Board of India (Sebi) earlier this month. Amid concerns of excessive froth, the regulator called for additional measures to protect investors in small and midcap schemes.
GNPA ratio of scheduled commercial banks projected to improve to 2.1-2.4 pc by FY25 end: CareEdge
Mumbai: With improving asset quality, the GNPA (gross non-performing asset) ratio of scheduled commercial banks (SCBs) is projected to improve from the expected 2.5-2.7 per cent in FY24 to 2.1-2.4 per cent by FY25 end, according to CareEdge Ratings.
NBFC major L&T Finance Holdings receives approval for name change from RoC
Mumbai-headquartered L&T Finance, formerly known as L&T Finance Holdings, is a leading non-banking financial company (NBFC), offering a range of financial products and services.
Axis Bank customers rattled by spate of fraudulent international purchases on credit cards, lender plays down concerns
Axis Bank, one of India's leading private sector lenders, is facing a wave of customer complaints regarding unauthorised transactions on their credit cards, prompting concerns about potential data breaches. However, the bank has denied any such breach and attributed the incidents to a limited of cases of fraud, as per an ET report.
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