As part of the central bank's climate disclosure rules, banks will...
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IndiaFirst Life’s corporate agency partnership with Northern Arc Capital
IndiaFirst Life Insurance Company (IndiaFirst Life) has announced a...
Fintech sector must focus on financial education and consumer protection, says DFS Secretary
M Nagaraju, secretary,Dpartment of Financial Services Secretary...
RBI leaves key rates unchanged as inflation remains above 4%
Monetary policy must continue to be actively disinflationary, RBI Governor Shaktikanta Das said in his statement MUMBAI: India's key rate was left unchanged for a sixth straight meeting on Thursday, as inflation remained above the central bank's 4% medium-term target...
DBS cuts CEO Gupta’s salary by 30% for digital banking outages
Piyush Gupta,Chief Executive Officer, DBS Bank’ Last year’s outages at DBS that saw payment and ATM transactions stalled across the city-state also resulted in the variable compensation for the group management committee collectively cut by 21 per cent from a year...
Max Life gets Irdai nod for Rs 1,612 cr infusion by Axis Bank
Last year in August, the company announced a capital infusion by Axis Bank by issuance of 14.25 crore equity shares to help Max Life to support its future growth ambitions, augment its capital position and improve solvency margins NEW DELHI: Max Financial Services,...
RBI cautions public against frauds in KYC updation
In case of financial cyber frauds, members of public should immediately lodge a complaint on the National Cyber Crime Reporting Portal (www.cybercrime.gov.in) or through cybercrime helpline (1930) Mumbai: In the wake of continuing incidents/ reports of customers...
“Actors falling ill, sets collapsing…”: Subhash Ghai on what made him introduce insurance policy in Bollywood
Subhash Ghai "They(bank) provided banking facilities on our name and introduced insurance policies called Mukta Cine(Cine Mukta) policy. It's not just about Mukta policy; it signifies a positive change in the industry." Mumbai: Subhash Ghai, the visionary behind...
Global watchdog to report in October on how social media fuels bank runs
Depositors pulled $42 billion from Silicon Valley Bank in just 10 hours. FSB Secretary General John Schindler said the watchdog is looking at how have deposit dynamics changed, what role has social media played, and what role has new technology played now that...
Red Sea Crisis: Commerce Min calls inter-ministerial meet On Jan 17 to discuss way forward on trade
The commerce ministry has also set up an internal strategic group, comprising additional secretaries of the ministry, to discuss global issues impacting the country's trade on a daily basis and prepare a strategy so that India's response can be quick and decisive The...
ECB cyber stress test not to affect capital requirements
The exercise will assess how banks respond to and recover from a cyberattack, rather than their ability to prevent it. As part of the exercise, 28 banks will undergo an “enhanced” assessment, under which they will have to submit additional information on how they...
Fraud cases in banking sector rises in first half of FY24: RBI report
With the adoption of new technology, it said, the risks of cyberattacks, data breaches and operational failures have also increased. Frauds lead to reputational, operational and business risk for banks and undermine customers' trust in the banking system with...
2,500 fraudulent loan apps weeded out from Google Play Store: Sitharman
Finance Minister Nirmala Sitharman said that in accordance with the revised policy, only those apps are allowed on the Play Store which are published by Regulated Entities (REs) or those working in partnership with Res New Delhi: Google has suspended or removed over...