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Chola DBS Finance to stop taking deposits
CHENNAI-based Cholamandalam DBS Finance has decided to convert into a non-deposit-taking non-banking finance company to ensure that DBS Bank, which has a 37.48 per cent stake in it, does not have to reduce its stake to comply with new guidelines, the Business Standard reported.
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Could mobiles revolutionize banking sector'
While Internet banking has made inroads into India, it still faces stiff challenges such as low Internet usage and broadband penetration. Meanwhile, mobile banking, considered to be the next evolution in the banking space, looks all set ...
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HACKING THE HACKERS: Cyber criminals are trying harder to defraud Internet banking customers, although Internet banking is actually one of the most secure ways to bank Picture: GETTY IMAGES MORE than ever, ...Comment