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Barclays seeks insurance on more than $10B of AI funding
Banks frequently use credit risk insurance to hedge portfolios,...
PM inaugurates RBI’s Rs 169-cr data centre, Cybersecurity Training Institute in Odisha
Prime Minister Narendra Modi inaugurating the Reserve Bank of...
PFRDA aims for universal pension coverage for workforce by 2047, focusing on non-government sector
S Ramann, Chairperson ,PFRDA Bank of Baroda has formally entered the pension fund business.The development follows PFRDA’s approval in July 2026 of Bank of Baroda, Motilal Oswal AMC and Bajaj as sponsors of pension funds under the regulator’s revised guidelines. New...
Anup Bagchi appointed as new MD&CEO of HDFC Bank for 3 yrs
Anup Bagchi, MD & CEO, ICICI Prudential Life Since June 2023, Bagchi has been serving as MD & CEO of ICICI Prudential Life Insurance leading one of India's largest private life insurers, which is publicly listed. Mumbai:Anup Bagchi, MD & CEO, ICICI...
Bank unions defer 3-day nationwide strike following assurance from IBA
"A high-level committee of the IBA and UFBU will be formed immediately to deliberate on the issue of declaring the remaining Saturdays as holidays. This committee will explore all possible alternatives, discuss with all the stakeholders, and work out a solution...
Banks to remain open on next Sunday, ahead of proposed 3-day strike, Sept salaryof govt employees to be paid on 25th: MoF
The release said the decision was aimed at ensuring that the banking needs of customers are not adversely affected for an extended period due to the strike and the preceding holidays. New Delhi: Public sector banks and regional rural banks will remain open and...
Govt urges bank employees to refrain from strikes, resolve issues through dialogue
"Given that most concerns of the unions have been substantially addressed, that the remaining demand continues to be examined, and that the Government continues to proactively introduce welfare measures for the banking workforce, bank employees are urged to refrain...
FinMin to meet PSB, RRB chiefs on Monday to ensure banking services during 3-day strike
United Forum of Bank Unions(UFBU) claims to represent 90 per cent of the banking workforce, and their other demands include updation and improvement of pension, a uniform dearness allowance formula for all pensioners and an option for employees covered under the...
IRDAI fines Canara HSBC Life and IndusInd bank Rs 1 cr each for violating norms
Indian insurance regulator IRDAI has imposed a fine of Rs one crore each on Canara HSBC Life Insurance and IndusInd Bank for violating regulations. Canara HSBC Life Insurance had sold a deferred annuity policy with an annual premium of Rs 2 lakh and a four-year...
UPI transactions above Rs 2,000 to attract 0.4% MDR from October 15, capped at Rs 300
The government notified changes in its payments legislation on Monday, specifying that banks cannot impose charges on payments via Unified Payments Interface transactions of up to 2,000 rupees ($20.93). New India: The introduction of Merchant Discount Rate (MDR) on...
Banking services impacted as unions go on nationwide strike to press for 5-day workweek
The strike call given by the UFBU, an umbrella body of seven unions representing 90 per cent of officer and employee strength, did not impact the functioning of private sector banks. NEW DELHI: Banking services, especially at public sector banks across the country,...
RBI Governor advises fintech firms against expanding business by exploiting regulatory gaps
Sanjay Malhotra,Governor, Reserve Bank of India Reserve Bank of India Governor Sanjay Malhotra cautioned companies against adopting a strategy of scaling first and seeking regulatory forgiveness later, saying that firms attempting to outrun regulations could...