Debasish Panda,chairman,IRDAI The IRDAI, on Feb 12, is expected to...
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RBI allows insurers to deal with interest rate derivative products
``Such forward contracts will enable long-term investors such as...
Cyber security: RBI introduces ‘bank.in’ as exclusive internet domain for Indian banks
With increased instances of fraud in digital payments becoming a...
Revenue Secretary Sanjay Malhotra appointed as new RBI governor, to succeed Shaktikanta Das
, Sanjay Malhotra, Governor-designate, Reserve Bank of India The Appointments Committee of the Cabinet cleared Malhotra's name, who has been appointed as the RBI Governor for three years, starting Wednesday New Delhi: The government on Monday appointed Revenue...
RBI guv meets FM two days before end of his extended term
Shaktikanta Das,Governor,Reserve Bank of India With the three-year-extension granted to Das, he is already one of the longest serving RBI governors in its 90-year history. New Delhi: A day after presenting bi-monthly monetary policy, Reserve Bank Governor Shaktikanta...
RBI setting up expert committee for ethical use of AI in financial sector
In a bid to ensure “Zero Financial Frauds” RBI has initiated AI / ML based model called MuleHunter being piloted by Reserve Bank Innovation Hub (RBIH), a subsidiary of Reserve Bank Mumbai: Unveiling Framework for Responsible and Ethical Enablement of Artificial...
RBI cuts banks’ CRR by 50bps to ease liquidity conditions, keeps rates unchanged, lowers GDP growth target
The RBI sharply cut the GDP growth projection to 6.6 per cent from the earlier level of 7.2 per cent, while raising inflation target to 4.8 per cent from the previous projection of 4.5 per cent for the current fiscal. Mumbai: Reducing cash reserve ratio(CRR) by 50...
Canara Bank gets RBI nod for life insurance & MF stake divestment
Reserve Bank of India on Thursday has accorded approval to our bank for divesting its shareholding in Canara Robeco Asset Management Company Ltd and Canara HSBC Life Insurance Company Ltd by 13 per cent and 14.5 per cent, respectively through Initial Public Offer...
StanChart sets $200 billion new wealth assets target, focuses on Chinese and Indian wealthy
StanChart’s assets under management sourced from wealthy Chinese and Indians with global needs rose by about 40% and 20%, respectively, in the 12 months ending September, its data shows. LONDON/HONG KONG: Standard Chartered (StanChart) will target $200 billion in new...
LS passes Banking Laws (Amendment) Bill allowing 4 nominees in bank accounts
Today, PSU banks have Rs 2.37 lakh crore deposited in the PM Jan Dhan Accounts. In 2014, the average balance of the PM Jan Dhan Accounts was Rs 1,065. It has now increased to Rs 4,397. The Banking Laws (Amendment) Bill, 2024, proposes to allow a bank account holder to...
Insurers seek zero-coupon bonds to manage long-term risks
Zero-coupon bonds could help insurance companies better manage their long-term liabilities, as they step up offerings of guaranteed savings products Mumbai: Indian insurers have asked the government to issue new sovereign debt instruments, including zero-coupon bonds,...
Panel comprising RBI academia preparing new base year for GDP
The government has decided to update the base year for compilation of Gross Domestic Product (GDP) from 2011-12 to 2022-23, said the Minister of State for Statistics & Programme Implementation Rao Indjerjit Singh in a written reply to Rajya Sabha New Delhi: A...
RBI asks banks to bring down inoperative accounts urgently report their numbers quarterly
Expressing concern over the rising sums of money lying in such accounts, the RBI said its supervisory inspections have revealed a slew of problems due to which accounts are becoming inoperative or get frozen Mumbai: The RBI on Monday asked banks to "urgently" reduce...