DBS was working with Goldman Sachs Group Inc as it weighed forming...
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Insurance SaaS platform Heph partners with Capri Global for distribution
Heph, India's largest Insurance SaaS Platform and a Girnar Finserv...
India poised to remain fastest growing major economy in FY26: RBI
The RBI flagged global financial market volatility, geopolitical...
FSDC pitches for special drive for settlement of unclaimed deposits and insurance benefits: FM
Finance Minister Nirmala Sitharaman Economic Affairs Secretary Ajay Seth it was deliberated that regulators should conduct a special drive to facilitate the settlement of unclaimed deposits and claims in the financial sector across all segments, such as banking...
Almost half of Indians experience AI-enabled fake voice scams, 83% victims lost money: McAfee survey
"About half (47 percent) of Indian adults have experienced or know someone who has experienced some kind of AI voice scam, which is almost double the global average (25 percent). 83 percent of Indian victims said they had a loss of money — with 48 percent losing over...
Pune court convicts 11 accused in Cosmos Bank cyber fraud case
As per the case details, hackers stole information of the Cosmos Bank's VISA and RuPay card customers through a malware, attacked the SWIFT system (a vast messaging network banks used by financial institutions) and siphoned off more than Rs 94 crore on August 11 and...
HDFC Bank can increase stakes in HDFC Life & HDFC ERGO to over 50%:RBI
HDFC Bank or HDFC can increase shareholding in HDFC Life Insurance Company and HDFC ERGO General Insurance Company to over 50 per cent prior to the effective date of the merger Mumbai: In a mixed bag for HDFC Bank ahead of the parent HDFC's merger with itself, the...
SBI Gen’s net profit jumps 40% to Rs184 cr in FY23
Kishore Kumar Poludasu, MD & CEO, SBI General Insurance, said, “SBI General has continued to grow steadily in FY 22-23, and has achieved a milestone of being one of the early companies to...
RBI to set up portal to search across multiple banks for unclaimed deposits
About Rs 35,000 crore unclaimed deposits as of February 2023 were transferred to RBI by public sector banks (PSBs) in respect of deposits which were not operated for 10 years or more Mumbai: The Reserve Bank on Thursday announced to set up a centralised portal to...
Data theft of 66.9 crore persons: Cyberabad police serve notices to 11 organisations
The accused person was found in possession of the data of students of edu-tech organisations as well as the GST details of persons and companies, and the consumer/customer data of major organisations such as road transport corporations of various states, major...
Swiss Re chairman Sergio P Ermotti to head UBS
Sergio P. Ermotti , chairman,Swiss Re The Swiss Re Board has nominated Jacques de Vaucleroy as new Vice Chairman and Lead Independent Director subject to his re-election as Board member by shareholders, effective post AGM Zurich: Swiss Re chairman Sergio P. Ermotti...
Credit Suisse bondholders consider legal advice on extinguished AT1 Bonds
Some distressed debt-type funds have been buying Credit Suisse’s AT1s for a few cents on the dollar. The bonds were traditionally held by institutional investors. Credit Suisse bondholders are seeking legal advice after the Swiss regulator ordered 16 billion Swiss...
FM reviews PSBs’ performance amid stress in US fin systems; asks bankers to be vigilant about rate risks
Nirmala Sitharaman,Union Finance Minister The finance minister underlined that PSBs must look at business models closely to identify stress points, including concentration risks and adverse exposures, the statement said, adding that she also exhorted PSBs to use this...