Business

Credit risk weight on exposure to increase by 25% for banks, NBFCs

NEW DELHI: The Reserve Bank of India (RBI) decided to increase the risk weight by 25 per cent on consumer credit exposure of commercial banks as well as non banking finance companies (NBFC), on Thursday. Before the notification was made, the risk weight was slated at 100 per cent. However, following the development, it has […]

NPAs in India become joke, UCO bank to send them Diwali sweets

NEW DELHI: UCO Bank, which is a government-owned institution, has decided to distribute ‘gift packages’ to the highest 10 defaulters in each branch in its endeavour to reclaim delinquent loans. In a memorandum addressed to all zonal heads, Dheeraj Patwardhan, the General Manager of Recovery at UCO Bank, emphasised that the bank acknowledges the past […]

Jio World Plaza in Mumbai: India’s ultimate destination for retail, entertainment

NEW DELHI: Reliance Industries Limited is making waves with the grand opening of Jio World Plaza in Mumbai, a revolutionary retail and entertainment haven that sets new standards for luxury experiences in India. It is strategically placed in the heart of Mumbai’s Bandra-Kurla Complex (BKC), the Jio World Plaza (JWP) will welcome the public on November […]

iPhone breach: India’s CERT had alerted first in Jun, Apple advisory nothing new

NEW DELHI: Amid the ongoing controversy in India, where opposition leaders have raised concerns about alleged government-sponsored phone surveillance, it has come to light that India’s nodal agency for cybersecurity, the Computer Emergency Response Team (CERT-In), had issued a security warning for iPhone users in the country back in June 2023. The alert specifically focused on […]

Reliance Jio announces partnership with SaaS giant Plume

NEW DELHI: Indian conglomerate, Reliance, run by India’s business mogul, Mukesh Ambani, announced Reliance Jio’s partnership with software-as-a-service business-to-business selling company Plume on Tuesday. “As we continue to expand our portfolio of connected home services,  it is critical for  Jio to provide our customers the most advanced and secure in-home digital services, delivering the best […]