India is planning to provide a guarantee of about 90 per cent on...
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RBI proposes separate categories of business correspondents, uniformity in wages
It also proposes to bring uniformity in the BC ecosystem with...
Sanjay Lohiya to succeed Nagaraju as new DFS Secretary
Sanjay Lohiya, special secretary, Department of Financial Services...
IDBI Bank strategic sale scrapped as financial bids below reserve price: Sources
Currently, the government and state-owned LIC together hold a 94.71 per cent stake in IDBI Bank. The government owns 45.48 per cent, and LIC holds 49.24 per cent in the lender. Of this, the government and LIC are looking to sell 60.72 per cent in IDBI Bank.The...
Citi, StanChart evacuate Dubai offices, HSBC closes Qatar branches as fears grow
The moves came after a spokesperson for Tehran's Khatam al-Anbiya military command headquarters said on Wednesday that Iran will target economic and banking interests linked to the U.S. and Israel in the region, after an attack on an Iranian bank. DUBAI/LONDON:...
Utkarsh Small Finance Bank’s strategic partnership with Kotak Mahindra Life Insurance
Utkarsh Small Finance Bank today announced a strategic partnership with Kotak Mahindra Life Insurance marking a significant milestone in the bank’s product expansion strategy. This collaboration significantly strengthens Utkarsh SFBL’s life insurance vertical,...
Govt assessing impact on financial entities if war breaks out in Middle East: DFS Secy
M Nagaraju,Secretary , Department of Financial Services In the remarks during a speech at the Indian Banks' Association's Annual General Meeting, Department of Financial Services Secretary M Nagaraju underscored how India has managed a slew of geopolitical challenges...
PSU banks and insurers playing a central role in advancing national priorities: Govt
(Lto R) R Doraiswamy, CEO &MD, LIC, CS Shetty,Chairman, SBI and M Nagaraju, Secretary, Department of Financial Services(DFS) at Chintan Shivir, 2026, organised by the Department of Financial Services(DFS) in Coorg The primary objective of Chintan Shivir,...
Stanchart launches health and wellness offerings for high- net-worth clients in partnership with Niva Bupa
Recognising the growing demand among Indian consumers for end-to-end healthcare support, the collaborations,in partnership with Niva Bupaand WHOOP, a fitness and health wearables company, span the entire healthcare journey - from preventive care and early diagnosis to...
RBI proposes ban on 3rd‑party sales incentives to bank staff to curb mis-selling
The RBI mandated banks to refund the entire sum where mis‑selling has been established and to compensate customers for any losses in line with approved policies. Mumbai: The Reserve Bank of India (RBI) has proposed a ban on incentives paid by third parties to bank...
Govt deliberates on roadmap for Financial Inclusion 2.0
M. Nagaraju, Secretary, Department of Financial Services Nagaraju emphasized the need for further strengthening measures for achieving goal of presence of at least one bank branch in each subdivision in the North Eastern region, enhancing insurance and pension...
SC terms siphoning of over Rs 54,000 cr by digital fraud ‘dacoity’, asks Centre to frame SoP
Noting that such offences may be due to either collusion by or the negligence of bank officials, the top court stressed the need for timely actions from the RBI and the banks. Issuing a slew of fresh directions, it asked the Ministry of Home Affairs to consider the...
Govt to constitute high-level panel on banking soon: FM
Nirmala Sitharaman,Finance Minister "I propose setting up a 'High Level Committee on Banking for Viksit Bharat' to comprehensively review the sector and align it with India's next phase of growth, while safeguarding financial stability, inclusion and consumer...