L to R-CS Setty, chairman, State Bank of India, Naveen Chandra Jha,...
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SBI Life’s corporate agency partnership with AU Small Finance Bank
SBI Life Insurance has entered a strategic corporate agency...
RBI decides to keep interest rate unchanged at 5.5 pc
Sanjay Malhotra,Governor, Reserve Bank of India The Reserve Bank on...
RBI extends deadline for deposit,exchange of Rs 2000 banknotes till Oct 7
The central bank said that from October 8, Rs 2000 banknotes can continue to be exchanged by individuals at the 19 RBI Issue Offices up to a limit of Rs 20,000 at a time Mumbai: The Reserve Bank of India(RBI) on Saturday said that the deadline for deposit/exchange of...
JPMorgan pays $75 million to settle lawsuit over Jeffrey Epstein ties
US Virgin Islands Attorney General Ariel Smith said the settlement was a "historic victory for survivors and for state enforcement, and it should sound the alarm on Wall Street about banks' responsibilities under the law to detect and prevent human trafficking." Last...
India’s economic growth threatened as household savings hit 16-year low
“The household sector is consuming by borrowing more,” said Rupa Rege Nitsure economist with L&T Finance Holdings Ltd. This happens when income level stays stagnant but inflation creeps up. The recovery is not broad-based — while a section splurges on luxury...
Max Life ties up with AU SFB selling life insurance products
Max Life Insurance Company has entered into a bankassurance alliance with AU Small Finance Bank (AU SFB), This collaboration will allow AU SFB’s digitally inclined customers to access the full spectrum of life insurance plans offered by Max Life.
Mutual funds attract 6% of household savings in FY23, shows RBI data
Net inflows into life insurance funds and small savings increased by 15 per cent and 7.5 per cent, respectively. Household investments in mutual funds (MFs) reached a record Rs 1.8 trillion during financial year 2023 (FY23), largely driven by strong inflows through...
RBI says 15 large NBFCs to comply with enhanced regulatory requirements
Besides LIC Housing Finance, Bajaj Finance, Shriram Finance and Tata Sons, others in the list include L&T Finance, Piramal Capital & Housing Finance, Cholamandalam Investment and Finance Company Mumbai: Reserve Bank of India on Thursday said 15 large NBFCs,...
“Our nation has achieved 80pc financial inclusion”: Amit Shah cites World Bank report
World Bank said JAM (Jan Dhan, Aadhar, Mobile) trinity – a combination of bank accounts for all, Aadhaar, and mobile connectivity -- has propelled financial inclusion rate from 25 per cent in 2008 to over 80 per cent of adults in past six years, a journey which...
Bima Manthan: Re/insurers deliberate State Insurance Plan, RBC Framework, RBS Framework and financial inclusion
The two-day gathering of re/insurers and others financial sector players also discussed on financial inclusion, micro insurance and focused on synergies that can be shared between the wide network of Micro Finance Institutions, non-banking finance companies, and Small...
India on track to become solid global player due to strong financial regulations say experts
The RBI Deputy Governor said India was in a "sweet spot" to grow robustly, despite global turmoil and monsoon risks to growth, and to do so, developing credit markets was essential Kozhikode (Kerala): India is on the path to become a solid global player due to robust...
Govt invites bids to engage asset valuer for IDBI Bank sale
The Department of Investment & Public Asset Management (DIPAM), on behalf of Gol and LIC, on Monday floated an RFP to engage a ''reputed Asset Valuer Entity -registered with Insolvency & Bankruptcy Board of India (IBBI), to act as the Asset Valuer for...