Amit Shah, Union Home Minister Union Home Minister Amit Shah said...
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IRDAI chief to meet insurance industry CEOs for Bima Sugam and Bima Manthan on Feb 12-14
Debasish Panda,chairman,IRDAI The IRDAI, on Feb 12, is expected to...
RBI allows insurers to deal with interest rate derivative products
``Such forward contracts will enable long-term investors such as...
LIC keen to retain some stake in IDBI Bank for bancassurance gains: Chairman
MR Kumar , chairman,, LIC “Strictly speaking, we are below the threshold limit of management control but then, what government really means is that management control is to be given in such a way that a private entity picks up and runs the bank, and government in the...
RBI imposes Rs 36 lakh fine on Central Bank of India for violating customer protection norms
It revealed non-compliance with the relevant directions to the extent the bank failed to credit (shadow reversal) the amount involved in the unauthorised electronic transaction to the customer's account within 10 working days from the date of notification by the...
India-UPI likely to dominate digital payments, BNPL to drive growth: Report
“We expect the payments industry to focus heavily on enhancing customer experience and providing customer options for payment, enhancing security, undertaking innovations in technology like distributed ledger technology (DLT) and emerging tech like IoT (Internet of...
DFS Secretary asks banks to soar up balancesheet; raise capital from market
Manthan 2022 was held to brainstorm with the top leadership of public sector banks and unlock next-generation reforms while continuing with the EASE journey, the ministry said. The last such exercise was held in 2019. Financial Services Secretary Malhotra urged banks...
Discord between value, valuation expectation in fintech, digitech space: Kamath
“It is a challenge between the value which has been created in each of these enterprises and then there is a valuation expectation. I think there is a discord between the value and the valuation,” Kamath, who is the chairman of National Bank for Financing...
RBI to unveil regulations on climate risk and sustainable finance for banking industry
Some regulatory initiatives in the area of climate risk and sustainable finance would also help the REs to better handle climate risk and guide them in the transition period The RBI is planning to set up a committee to examine and review the state of customer service...
HDFC Bank’s $40 billion deal may face regulatory hurdles over insurance, analysts say
HDFC Life and HDFC ERGO are among the leading life and general insurance companies in the private sector, and analysts say the RBI is unlikely to be comfortable with the size of the insurance operations the deal will give the bank Mumbai: HDFC Bank's $40 billion deal...
HDFC Bank, HDFC to merge in $40 billion deal to create lending behemoth
As part of the deal, shareholders of HDFC Ltd will receive 42 shares of the bank for 25 shares held. Existing shareholders of HDFC Ltd will own 41% of HDFC Bank Mumbai: India's most valuable lender HDFC Bank on Monday agreed to take over the country's largest mortgage...
World Bank approves $250m to help Bangladesh enhance resilience to future shocks
This financing will help Bangladesh harness digital technology to ensure green and resilient growth, said Bernard Haven, World Bank Senior Economist and Task Team Leader for the project Fiscal and financial sector policies will help sustain growth, while enhancing the...
World’s top banks pumped $742 bln into fossil fuels in 2021 – report
Most leading banks have pledged to reach net-zero emissions across their financing by 2050. But, despite the International Energy Agency saying no new oil and gas fields should be developed for the world to hit its climate goals, the report showed finance continues to...