Alternative investments and substantial cash holdings in the...
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Banks must use UPI to create more digital opportunities to empower millions: FM Sitharaman
Nirmala Sitharaman, Union Finance Minister As banks benefit from...
AU Small Finance Bank and Niva Bupa join hands to offer health covers
AU Small Finance Bank, the country's largest small finance bank...
Govt collects Rs 27k cr in taxes from sr citizens on interest earned from fixed deposits: SBI report
SBI researchers estimated that at least 7.3 crore of these accounts have a balance of over Rs 15 lakh, and assuming that the deposits fetch an interest of 7.5 per cent, senior citizens have earned Rs 2.7 lakh crore in FY24 as interest alone Mumbai: The government has...
BJP Manifesto 2024: PM Modi promises to make India a global insurance hub
Prime Minister Narendra Modi Every elderly person above the age of 70 years will be brought under the ambit of Ayushman Yojana Further strengthening the PM Fasal Bima Yojana through more technological interventions to ensure speedy and more accurate assessment, faster...
Majority customers surveyed admit facing cashback trap online: Report
Central Consumer Protection Authority (CCPA) has identified 13 types of "dark patterns" that amount to misleading advertisement or unfair trade practice or violation of consumer rights, including subscription trap, bait and switch, drip pricing, etc A majority of...
Global accounting rule ends leeway over operating profit
Banks and insurers will have to include interest, a key part of their business model, in their operating profit, which some already do London: Companies will have to publish standardized operating profit figures from 2027 under new requirements from a global...
Climate change poses challenges for monetary policy, says RBI report
Climate change directly impacts inflation through adverse weather events affecting agricultural production and global supply chains, climate change could impact the natural rate of interest, and the after-effects of climate change might weaken the transmission of...
CBDC transaction volumes down, P2M transactions growing: RBI
Reserve Bank of India deputy governor T Rabi Sankar said there are 46 lakh users and 4 lakh merchants transacting in CBDC right now, and added that as the acceptance of CBDC grows, there has been a growth in the P2M, or peer-to-merchant, transactions Mumbai: The...
Wheat price won’t be affected, vegetable needs to be watched out: RBI Governor on heatwave predictions
Shaktikanta Das,Governor,Reserve Bank of India The RBI Governor said that since wheat harvesting is almost over in the country, any heatwave condition won't impact wheat prices, but the prices of vegetable has to be watched out in wake of the temperatures...
RBI holds key rate steady on robust growth, above target inflation
Shaktikanta Das,Governor,RBI Robust growth provides space for monetary policy to remain focused on bringing inflation down to the central bank's 4% target, said RBI Governor Shaktikanta Das MUMBAI: The Reserve Bank of India held the key repo rate unchanged for a...
Axis Bank says all regulatory nods received for proposed acquisition of shares in Max Life Insurance
Axis Bank proposes to infuse Rs 1,612 crore in Max Life Insurance. Approval for the transaction from the Insurance Regulatory and Development Authority of India (IRDAI) and the Pension Fund Regulatory and Development Authority (PFRDA) was received by Max Life through...
Modi pitches for studying a newer banking structure to fund future needs
Prime Minister Narendra Modi There are some challenges confronting the industry along with this, including artificial intelligence and blockchain, which are changing the face of banking, cyber security amid the increasing reliance on digital banking and innovations...