LENDERS TO JOIN HANDS TO DEVELOP DIGITAL BANKING INFRASTRUCTURE

HIGHLIGHTS

• Public sector banks are planning to build and share digital infrastructure.
• Not just software, banks are likely to share the hardware used for setting up the back office and servers.

In response to the rapid digital adopti...

2,426 WILFUL PSB DEFAULTERS OWE RS 1.47 TRILLION SAYS AIBEA

According to the list released by bank staff body, the All India Bank Employees' Association (AIBEA) on occasion of the 51st anniversary of bank nationalisation, India’s biggest 2,426 wilful defaulters owe a huge sum of Rs 1.47 lakh crore to the banks. The list also states the top 33 wh...

BANK OF INDIA GAINED PROFIT IN THIRD QUARTER

Highlights:

• Net profit accounts for Rs. 138.20 crores for December quarter 2019-20.
• Bad-loans has been reduced to Rs. 4,028.03 crores.
• Gross Non-performing Assets are at 16.30 percent in the same quarter.

On Friday, Bank o...

Deutsche Erdwärme successfully completes the German project's early exploration program

German geothermal developer Deutsche Erdwärme has reported that for its geothermal venture Waghäusel-Philippsburg, the firm has completed successfully its early discovery research two weeks earlier than planned. The business carried out experiments with the initiative to penetrate the s...