A recent report by NITI Aayog revealed that at least 27 million...
Category:
Banking & Bancassurance
Latest
Nippon Life Insurance may pick up minority stake IndusInd Bank
Nippon Life Insurance Co.’s India unit is considering buying a...
RBI asks fintechs and digital payment cos to ensure responsible innovation and better compliance
Sanjay Malhotra, Governor, RBI The regulator would continue to...
Australia’s Suncorp Group sells ITS banking unit to ANZ
Australian banks are grappling with rapidly rising interest rates and falling house prices that’s spurred some investors to reevaluate lenders’ outlooks. The deal hands the lender control of one of the country’s largest retail banks that’s also based in the...
BoI launches digital mode for NPS enrollment
Bank of India launched its digital mode for the enrollment in National Pension System (NPS) in association with K-fintech. Customers can now open the NPS account on their mobile in a hassle free & paperless manner, simply by scanning the QR code. The new digital...
PNB to select an actuarial firm for 23% stake sale in Canara HSBC Life Insurance to HSBC
At present, PNB has stakes in two insurance firms -- PNB MetLife India Insurance Company Limited (PNB MetLife) and Canara HSBC OBC Life Insurance Company Ltd (CHOICE) HSBC Insurance (Asia Pacific) Holdings Limited, that holds 26 percent in Canara HSBC Life Insurance,...
ECB climate stress test flags $71 billion risk to euro zone banks
“Euro area banks must urgently step up efforts to measure and manage climate risk, closing the current data gaps and adopting good practices that are already present in the sector,” said the ECB’s chief supervisor, Andrea Enria A sudden jump in carbon prices coupled...
IBA looks for consultant to to groom senior managers for top positions in PSU banks
It is expected that each year around 75 senior management participants will attend this programme on and off campus involving around 30 days (may include weekends) of various interventions during the 9.5 months leadership development journey Mumbai: The new formed...
PFRDA approves HDFC merger with HDFC Bank
''We wish to inform you that HDFC Limited has today i.e. on July 8, 2022, received an approval from PFRDA regarding change in its status/constitution pursuant to the Scheme in accordance with the PFRDA (Point of Presence) Regulations, 2018, subject to a condition that...
Europe’s resilience test for banks’ climate risk is softer than expected
Banks participating in the exercise had to estimate how events such as floods would impact mortgage values, or how big a hit they faced if corporate clients defaulted after a spike in carbon prices Europe’s Landmark Test of Banks’ Resilience to Climate Risk Is Softer...
RBI gives green signal to HDFC, HDFC Bank merger proposal
Touted as the biggest transaction in India's corporate history, HDFC Bank on April 4 agreed to take over the biggest domestic mortgage lender in a deal valued at about USD 40 billion, creating a financial services titan Mumbai: HDFC Bank on Monday said it has got...
HDFC and HDFC Bank merger proposal gets nod from bourses
''The scheme remains subject to various statutory and regulatory approvals inter alia including approvals from the Reserve Bank of India, Competition Commission of India, the National Company Law Tribunal and the respective shareholders and creditors of the companies...
DICGC to pay depositors of two co-operative banks in August
Eligible depositors of Shankarrao Pujari Nutan Sahakari Bank will get the payment on August 10, and those of Harihareshwar Sahakari Bank on August 28, according to a DICGC circular DICGC, a wholly-owned subsidiary of the RBI, provides an insurance cover of up to Rs 5...