Arunish Chawla,Secretary ,Department of Investment and Public Asset...
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India, as fastest growing economy, is ideal investment destination: RBI Governor
Sanjay Malhotra,Governor,Reserve Bank of India . Malhotra...
SBI Gen’s net profit more than doubled to Rs 509 crore in FY 25
Naveen Chandra Jha, MD & CEO, SBI General Insurance Naveen...
Axis Bank stake in Max Life Insurance likely to rise to 20% in 6-9 months: Tripathy
''The bank currently holds about 13 per cent and we are hopeful that over the next 2-3 quarters they would be able to take it to 20 per cent,'' Tripathy New Delhi: Axis Bank is likely to raise its stake in Max Life Insurance to about 20 per cent over the next 6-9...
Personal retail loan disbursements rise 42 pc at end-March 2022: Study
The total portfolio outstanding of retail industry increased from Rs 71 lakh crore (March 2020) to Rs 80 lakh crore (March 2021), and further to Rs 89 lakh crore as of March 2022 Private banks experienced the highest growth of portfolio outstanding with a 32 per cent...
DICGC to make payments to depositors of 17 co-op banks in October
The cooperative banks from Maharashtra are: Sahebrao Deshmukh Co-operative Bank, Sangli Sahakari Bank, Raigad Sahakari Bank, Nashik Zilla Girna Sahakari Bank, Saibaba Janata Sahakari Bank, Anjangaon Surji Nagari Sahakari Bank, Jaiprakash Narayan Nagari Sahakari Bank,...
Gradual approach to bank privatisation would result in better outcomes: RBI report
“The gradual approach to privatisation adopted by the government can ensure that a void is not created in fulfilling the social objective of financial inclusion”. Mumbai: The Reserve Bank of India (RBI) on Friday issued a clarification on a report related to the...
RBI seeks public feedback on changes in payment systems
The focus of RBI's initiatives in the payment systems has been to ease frictions which may arise from systemic, procedural or revenue-related issues. While there are many intermediaries in the payments transaction chain, consumer complaints are generally about high...
India’s annual green finance is just one-fourth of its needs, finds study
The report estimates that for India to achieve its Nationally Determined Contributions (NDCs) under the Paris agreement, the country requires approximately Rs 162.5 lakh crore (USD 2.5 trillion) from 2015 to 2030, or roughly Rs 11 lakh crore (USD 170 billion) per...
Sebi proposes blue bonds concept for sustainable financing activities
''India has tremendous scope for deployment of blue bonds in various aspects of the blue economy'' like oceanic resource mining, sustainable fishing, national offshore wind energy policy and in the area of blue flag beach eco-tourism model that provide the tourists...
42% Indians experienced financial fraud in last three years: Report
Storing sensitive financial details on a phone's contact list, email, or computer poses a a significant risk to cyber attacks, especially if the gadget is stolen or falls into wrong hands New Delhi: While digitisation of payments and banking undoubtedly has benefitted...
RBI’s financial inclusion index rises; showing growth across all segments
The index captures information on various aspects of financial inclusion in a single value ranging between 0 and 100, where 0 represents complete financial exclusion and 100 indicates full financial inclusion. In August last year, the central bank said it has been...
IRDA approves 30% expense of management(EoM) limit for general insurers, allows Corporate Agent to have 9 tie-ups
Debasish Panda,chairman,IRDAI Corporate agents are allowed to place commercial lines and general insurance covers without any limit on the sum insured The Insurance Marketing Firms (IMF) will be allowed to engage Insurance Sales Persons (ISP) for the purpose of...