Heph, India's largest Insurance SaaS Platform and a Girnar Finserv...
Category:
Banking & Bancassurance
Latest
India poised to remain fastest growing major economy in FY26: RBI
The RBI flagged global financial market volatility, geopolitical...
RBI to continue with supervisory measures for early risk identification
The central bank would also focus on enhancing cyber resilience and...
Govt seeks $7.7 billion value for IDBI Bank in stake sale
After years of trying, the government has only been able to privatise national carrier Air India Ltd. and introduce outside backers to LIC, while its plans to sell refiner Bharat Petroleum Corp Ltd. hit a wall as bidders struggled to find partners. New Delhi: India is...
Axis Bank says followed all rules in Max Life Insurance deal
The statement comes against the backdrop of two orders by the insurance sector watchdog Irdai in the last few days, wherein Max has been fined Rs 3 crore while a penalty of Rs 2 crore has been imposed on the bank regarding the deal on concerns over valuations Mumbai:...
Centre seeks waiver in key norm for IDBI Bank stake sale
Earlier this month, India invited bids for a 60.72% stake in IDBI Bank -- which is 45.48% owned by the government and 49.24% by state-owned Life Insurance Corp (LIC) -- after dragging its feet for years New Delhi; The Indian government is in talks with the market...
Credit Suisse to pay $495 mn in US to settle securities case
Credit Suisse faces a longer list of legal woes. Last week, the prospect of fresh legal risks for the bank arose when US authorities launched a probe investigating whether the bank helped clients hide assets Credit Suisse Group AG agreed to pay $495 million to settle...
SC issues notice on Swamy’s plea for probe into role of RBI officials in bank scams
Swamy has alleged that the involvement of RBI officials in scams involving various entities such as Kingfisher, Bank of Maharashtra and Yes Bank had not been probed New Delhi: The Supreme Court on Monday agreed to examine BJP leader Dr Subramanian Swamy's plea seeking...
Lenders permit Aditya Birla Capital to bid for Reliance Nippon Life
The Committee of Creditors (CoC) has approved Aditya Birla Capital Ltd to bid for RNLIC, sources said. Reliance Nippon Life Insurance is a 51:49 joint venture between Reliance Capital and Nippon Life of Japan Mumbai: Lenders to debt-ridden Reliance Capital have...
99% of Indian villages have now a bank branch, banking outlet or a ‘banking mitra’ within 5 km radius: PM Modi
Narendra Modi,Prime Minister Today the number of branches per one lakh adult citizens in India is more than countries like Germany, China and South Africa”, he added The PM informed that fintech is at the heart of India's policies and efforts, and it is playing a key...
Inter-Regulatory Technical Group on FinTech issues norms for approving hybrid regulatory Sandbox
In order to facilitate testing of innovative products/services falling within the regulatory ambit of more than one financial sector regulators viz. RBI, SEBI, IRDAI, IFSCA and PFRDA, a Standard Operating Procedure (SOP) for Standard Operating Procedure for...
Financial bids for IDBI Bank likely to be invited by March, sale process to conclude next fiscal: Officials
Private sector banks, foreign banks, Reserve Bank of India(RBI) registered non-banking finance companies, Sebi-registered Alternative Investment Funds (AIFs), a fund/investment vehicle incorporated outside India would be allowed to submit bids, either individually or...
Finance ministry mulls steps to curb cheque bounce cases: Report
Some of the steps suggested before taking legal recourse included debiting another accounts of the cheque issuer if his or her account is short of funds to honour the instrument, sources said The other suggestions were treating cheque bounce as default of loan and...