C S Setty, Chairman ,SBI Mumbai: State Bank of India Chairman C S...
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Former RBI governor Shaktikanta Das appointed as Principal Secy-2 to PM Modi
Shaktikanta Das, Principal Secretary-2 to Prime Minister Narendra...
RBI launches mobile app offering access to Indian economic financial data
Further, the app's 'Banking Outlet' section will help users find...
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...
Banks asked to check mis-selling of insurance products, safeguard account holders’ interest: DFS Secy
Vivek Joshi ,Financial Services Secretary Banks have been sensitised on the matter, as the Department of Financial Services (DFS) regularly gets complaints that fraudulent and unethical practices are being adopted by banks and life insurance companies for procuring...
Complaints under RBI’s ombudsman schemes rise 68 pc to over 7 lakh crore in 2022-23
Complaints relating to mobile/electronic banking were the highest contributor to the total number of complaints received against banks as well as non-bank payment system participants, while complaints relating to non-adherence to fair practices code were the highest...
8 lakh bank employees to get 17% annual wage hike, 5-day work week awaits govt approval
For the retired employees, it was agreed that the monthly ex-gratia amount shall be paid in addition to the pension/family pension paid by the Public Sector Banks including SBI, to pensioners and family pensioners, who became eligible to draw pension on or before...
Indian economy’s GDP growth in FY 24 could be “very close”: RBI governor Das
He reiterated that the RBI's monetary policy committee remained focused on bringing inflation down to its target of 4% and, despite prices being on a clear downward trajectory, major uncertainties such as geopolitical and weather risks remained Mumbai: The Indian...
RBI directs credit card issuers to give users choice of other networks
"On a review, it is observed that some arrangements existing between card networks and card issuers are not conducive to the availability of choice for customers," the Reserve Bank of India (RBI) said in a circular Mumbai: India's central bank on Wednesday said...
Committee of Creditors asks Hindujas to complete RCap resolution by March end
COC, in an official communication, through its lawyer Luthra and Luthra, on Monday, has further asked IIHL to provide all necessary information, documents and cooperation to obtain the pending regulatory approvals, especially from the Indian insurance regulator IRDAI,...
Canara HSBC Life partners with Tripura Gramin Bank
Canara HSBC Life Insurance Company Limited announces a new strategic partnership with Tripura Gramin Bank (TGB) to offer a range of life insurance products through TGB's extensive branch network within the state. The collaboration marks a significant milestone,...