Sanjay Malhotra,Governor,Reserve Bank of India . Malhotra...
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SBI Gen’s net profit more than doubled to Rs 509 crore in FY 25
Naveen Chandra Jha, MD & CEO, SBI General Insurance Naveen...
India’s forex, money markets have doubled in last 4 years: RBI Governor
Sanjay Malhotra, Governor, Reserve Bank of India There has also...
Govt hikes interest rates on some small savings schemes by up to 30 bps in Q3
Senior Citizen Savings scheme will earn 20 basis points more to 7.6 per cent from the existing rate of 7.4 per cent during the October-December period, a finance ministry notification said New Delhi: The government on Thursday raised rates on some small savings...
DBS Bank India provides credit insurance cover to Tata Metaliks in collaboration with HDFC ERGO and Atradius
Through the collaboration between DBS, HDFC ERGO and Atradius, this solution enables corporates to transfer the risk of their account receivables onto an insurer while getting financing against those insured receivables from a bank Mumbai: DBS Bank India Limited today...
Axis Bank to invest bRs 49.9-Rs 69.9 crore for a 9.94% stake in Go Digit Life Insurance
Axis Bank's stake purchase would value the startup's upcoming life insurance business at $90 million. Axis currently offers some insurance products in partnership with Max Financial Mumbai: Indian private lender Axis Bank Ltd said on Tuesday it has signed a...
Objective to bring 17 lakh pensioners on SPARSH by Sep end: Defence Ministry
The Defence Accounts Department signed a Memorandum of Understanding (MoU) today with Bank of Baroda and HDFC Bank, to onboard them as service centres under the System for Pension Administration (Raksha) or SPARSH initiative, across more than 14,000 branches...
Working to implement common KYC for financial transactions: FM
Nirmala Sitharaman, union finance minister ''There is a central repository which takes care of central KYC. We are also now working in such a way that once you have given your KYC, it can be applicable at various institutions at various times for various requirements...
Govt to soon invite bids for IDBI Bank privatisation: DIPAM Secretary
"We have been at it for quite some time. It is also a first of its kind transaction where through a bidding route we will be privatising a bank. Both government and LIC put together hold 94 per cent in IDBI Bank," he said while addressing 'FICCI CAPAM 2022 - 19th...
IRDA allows agents, brokers and other intermediaries to be on boards of insurance companies
The proposed director should not not be working in the capacity of the chief insurance executive / specified person or any other officer responsible for soliciting insurance business for or on behalf of the insurance agent, intermediary or insurance intermediary while...
RBI seeks to shield growth as it prioritises inflation fight
His remarks came after data on Wednesday showed India’s gross domestic product grew less than RBI’s estimate of a 16.2% expansion, and signs that domestic demand will further moderate as borrowing costs rise are emerging Mumbai: India’s central bank will seek to...
Axis Bank eyes 10% stake in Go Digit life insurance business: Report
Axis is planning to take a 10% stake for around $9 million in the start-up's upcoming life insurance business, effectively valuing the business at $90 million, said the two sources, who declined to be named as the talks were private. Mumbai: Axis Bank, the largest...
Govt may invite preliminary bids for IDBI Bank stake sale next month
Currently, the government holds 45.48 per cent in the bank, and Life Insurance Corp of India, which is currently the promoter of the bank, owns a 49.24 per cent stake. "Strategic sale is uncharted territory. There are a lot of issues to be addressed, including an open...