Universal Sompo General Insurance Company has entered into a...
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Ageas Federal Life and CSB Bank forge partnership
Ageas Federal Life Insurance, has announced a strategic SME...
Algorithmic decision-making may pose non-traditional risks to financial system RBI DG
Swaminathan J ,Deputy Governor, RBI The senior Reserve Bank...
Net-Zero Banking Alliance winds up operations
The alliance, set up in 2021, was the banking industry’s main body leading the sector’s global effort to cut carbon emissions. An overhaul was proposed in August after many big banks left, to create a “framework initiative” rather than a membership-based organization....
RBI to unveil risk-based deposit insurance premiums for bans: RBI Governor
``I am happy the RBI has brought changes in the existing deposit insurance scheme for the banks. The banks have been asking this for long. Paying insurance premium has become the largest overhead any bank today. SBI itself paid Rs 5400 crore of premium in FY 24-25. We...
RBI holds rates to assess policy impact, projects higher GDP
Sanjay Malhotra, governor, Reserve Bank of India The central bank raised its GDP growth forecast for the current year to 6.8% compared with its previous estimate of 6.5% It expects inflation in the current financial year to come in at 2.6%, lower than its previous...
Zero GST Impact: Pvt sector general and health insurers slash commission to brokers and agents by 18% from Oct 1
ICICI Lombard General Insurance, Tata AIG General insurer, Star Health Insurance, niva Bupa Health Insurance, Aditya Birla Health Insurer and Care Health Insurer have already announced their decisions to reduce commission All the general insurers and stand health...
RBI forms committee for periodic review of regulations
The review body will be advised by a group of six industry experts, and will be chaired by State Bank of India's managing director Rana Ashutosh Kumar Singh. N. S. Kannan, former managing director & Chief Executive Officer, ICICI Prudential Life Insurance is one...
More than 2 lakh camps organised till Sep 15 under fin inclusion saturation drive
This has resulted in the opening of over 61 lakh new Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts and more than 2.6 crore fresh enrollments under the three Jan Suraksha social security schemes, reflecting a strong momentum towards universal financial inclusion, the...
PSU banks ready to play a larger role towards Viksit Bharat 2047: DFS Secretary
M Nagaraju, Financial Services Secretary Key suggestions included adopting next-generation technologies, building common infrastructure, and designing hyper-personalized products. The discussions stressed the importance of modernising PSB technology by moving beyond...
FinMin for creation of two globally competitive banks as part of Viksit Bharat vision
The issue of globally competitive banks was deliberated during the first day of the two-day-long PSB Manthan 2025, organised by the Department of Financial Services here, One of the key points discussed was how to make at least two banks globally competitive and that...
Public must use “look, touch, and feel” method to verify notes: RBI
M Rajeshwar Rao,Deputy Governor , RBI According to an official statement here, Rao said that while counterfeit currency circulation is minimal, the public must continue to use the "look, touch, and feel" method to verify notes. Chandigarh: Reserve Bank of India Deputy...
India to become world’s third largest economy soon, says RBI Guv; hails PM Jan Dhan Yojana
Sanjay Malhotra, Governor, Reserve Bank of India The RBI governor said 55 crore accounts have been opened under the scheme to ensure participation of people from all sections in the country's growth journey, providing them with savings, pension, insurance, credit and...