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RBI to unveil risk-based deposit insurance premiums for bans: RBI Governor
``I am happy the RBI has brought changes in the existing deposit...
RBI holds rates to assess policy impact, projects higher GDP
Sanjay Malhotra, governor, Reserve Bank of India The central bank...
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...
Embeded Resilience: Banks need to manage climate, cyber and geo-political risks, says BCG Report
C S Setty, chairman, State Bank of India, said, “India’s Digital Public Infrastructure has revolutionized access through Aadhaar, UPI, and Jan Dhan, and the next frontier lies in DPI 2.0 platforms like Account Aggregator and Unified Lending Interface (ULI). To unlock...
IDBI stake sale likely to be completed this fiscal: DIPAM secy
"LIC's market value is around Rs 6 lakh crore. So, keeping in mind the liquidity of the market, transactions are designed according to that. And it is not appropriate to give any number in the form of a rumour in the middle of the market," Arunish Chawla, DIPAM...
Centre pushes financial inclusion with insurance, health schemes for all
Pankaj Chaudhary,Minister of State for Finance According to the minister, to streamline access, the government has also launched a Jansuraksha portal with detailed information on the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and the Pradhan Mantri Suraksha Bima...