Sanjay Malhotra,Governor,Reserve Bank of India The Monetary Policy...
Category:
Banking & Bancassurance
Latest
RBI likely to cut repo rate by 25 basis points for 1st time in 5 years
The potential rate cut is coming after the domestic rate-setting...
RBI Guv asks banks to have robust systems to curb digital frauds
Sanjay Malhotra,Governor,RBI While dwelling upon IT risk management...
Bandhan Life expands its strategic partnership with Bandhan Bank into Northern India
Bandhan Life has announced the expansion of its strategic partnership with Bandhan Bank into Northern India. This move is part of Bandhan Life's ongoing national rollout, following successful launch of operations in Eastern India. Customers across Delhi can buy...
RBI approves Central Bank buying stakes of Generali group’s Indian companies
The Reserve Bank of India (RBI) has approved state owned Central Bank of India's entry into the insurance business through a joint venture with Generali group under Future Generali India Insurance Company Ltd (FGIICL) and Future Generali India Life Insurance...
After FM, Irdai chief urges bankers to avoid mis-selling of insurance
“I wish to say this for the due consideration of the bank boards , sale of insurance by banks has raised concerns of instances of mis-selling and I would say this has contributed indirectly to cost of borrowing for the customers . So banks will have to look at this ,...
RBI cautions public about ‘deepfake’ video of governor being circulated on social media
In a statement Tuesday, RBI said it has come to their notice that fake videos of the Governor (Shaktikanta Das) are being circulated in social media that claim launch of or support to some investment schemes by the RBI Mumbai:The Reserve Bank of India (RBI) has...
Strengthen framework to curb unethical practices RBI Guv to bank boards
"While such practices may yield short-term gains, they ultimately expose the bank to significant long-term risks, including reputational damage, supervisory scrutiny, and financial penalties,” RBI Governor Shaktikanta Das said in a keynote address at the Conference of...
Do fresh KYC of PM Jan Dhan accounts due for updation: DFS secretary to banks
During the meeting, Nagaraju suggested using all means for doing re-KYC — such as fingerprints, face recognition, taking declarations where no change in KYC documents occurred — through all channels like ATM, mobile banking, internet banking, and other available...
Cryptocurrencies huge risks to financial stability, RBI Governor
Shantikanta Das,Governor, Reserve Bank of India ``I am actually of the opinion that this is something which should not be allowed to dominate the financial system. Because it has huge financial stability risks, it has huge monetary stability risks, it also poses risks...
Regulatory changes to provide necessary push to surety bonds business say experts
"The expectation that surety bonds should be cheaper than bank guarantees is unsustainable for insurers. Issues related to pricing, reinsurance options, and lack of clarity on indemnity documents further hinder progress. The Indian Contract Act and Insolvency and...
Sebi issues notices to Axis Bank and Max Fin Services about Max Life Insurance deal
The show cause notice (SCN) is being reviewed and will be filing responses to the SCN with Sebi as the said transactions were undertaken with requisite regulatory approvals, Axis Bank said New Delhi: Capital market regulator Securities and Exchange Board of India has...
CCI approves Central Bank of India’s proposed stakes acquisition in Future Generali Insurance ventures
Earlier, state-owned bank Central bank said it has been declared as the successful bidder by the Committee of Creditors (CoC) for the sale of Category 1 assets of FEL in Future Generali India Life Insurance Company and Future Generali India Insurance Company . New...