C S Setty, Chairman ,SBI Mumbai: State Bank of India Chairman C S...
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Former RBI governor Shaktikanta Das appointed as Principal Secy-2 to PM Modi
Shaktikanta Das, Principal Secretary-2 to Prime Minister Narendra...
RBI launches mobile app offering access to Indian economic financial data
Further, the app's 'Banking Outlet' section will help users find...
Russia defaults on foreign-currency sovereign debt for 1st time since 1918
Russia has pushed back against the default designation, saying it has the funds to cover any bills and has been forced into non-payment. As it tried to twist its way out, it announced last week that it would switch to servicing its $40 billion of outstanding sovereign...
FinMin asks banks to explore fintech partnership, co-lending opportunities
The ministry also urged the heads of the public sector lenders to strengthen IT security systems and cybersecurity to check fraud New Delhi: The Finance Ministry has asked public sector banks to explore fintech partnerships and co-lending opportunities to expand their...
RBI postpones implementation of certain norms related to cards by 3 months
As per the Master Direction, card issuers must seek One Time Password (OTP) based consent from the cardholder for activating a credit card, if the same has not been activated by the customer for more than 30 days from the date of issuance Mumbai: The Reserve Bank on...
Stake dilution in life insurance subsidiary only when valuation is attractive: Canara Bank MD
(L to R) Anuj Mathur,MD and CEO, Canara HSBC Life Insurance,L V Prabhakar,MD & CEO, Canara Bank,Hitendra Dave, CEO,.HSBC India at a media meet in Mumbai Mumbai:Public sector lender Canara Bank may look at diluting its stake in Canara HSBC Life Insurance at a time...
Paritosh Tripathi to succeed Kandpal as new MD & CEO of SBI General Insurance
Paritosh Tripathi, MD & CEO,(Designate), SBI General Insurance With a solvency ratio of 1.85 during the year, SBI General had recorded a total gross written premium (GWP) of Rs 9260 crore, up 11 %, in FY 2021-22 and has maintained its market...
SBI chief says loan demand is bouncing back
Dinesh Kumar Khara, chairman of State Bank of India Companies are steadily drawing down from a $71 billion loan pipeline, said Dinesh Kumar Khara, chairman of State Bank of India That broadly mirrors a trend where loan growth in India's Rs 120 trillion ($1.5 trillion)...
Govt likely to invite preliminary bids for IDBI Bank privatisation next month: Official
The official said while the quantum of stake dilution of both the government and LIC is yet to be decided, the management control in IDBI Bank will be transferred in the strategic sale New Delhi: The government is likely to invite preliminary bids for privatising IDBI...
Russia to use state guarantees to bypass EU ban on insuring maritime oil deliveries to 3rd countries: S&P
Trading, insurance and shipping executives said last week that such a ban could further complicate trade in dry bulk and liquid commodities with Russia, making them more expensive, delaying scrapping of old ships, pushing up global freight rates and encouraging...
Indian fintech market expected to reach USD 150 bn in valuation by 2025: MoS Finance
More than 50 lakh banking correspondents across the country are carrying out ''cash in cash out'' kind of transactions using the system, UIDAI CEO Saurabh Garg said ''There is a need for a proper cyber security system, real time disputes to be solved and emergency...
Head of Deutsche Bank’s DWS steps down after ‘greenwashing’ raids
As firms market their environmental, social and governance-related (ESG) credentials in an attempt to tap the trillions of dollars looking to have climate- and socially friendly impact, regulators are beginning to dig deeper into their claims FRANKFURT: The chief...