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Home Insurance- Gaining Momentum in India’s Real Estate Market
Insurers are increasingly introducing innovative, customer-centric...
RBI assures customers and investors on IndusInd Bank’s financial health
Earlier this week, IndusInd Bank disclosed a discrepancy in...
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...
Banking services to be hit partially over 2-day nation-wide strike on Monday, Tuesday
A number of public sector banks, including country's largest lender SBI, have said that their services may get impacted to a limited extent due to the strike New Delhi: Banking services may be hit partially on Monday and Tuesday as a section of bank employees' unions...
ANZ becomes first Australian bank to mint stablecoin
A stablecoin is a kind of digital asset that is devised to keep its value stable in relation to another asset, and are frequently used as a portal to other cryptocurrencies or to generate income in decentralised financial systems The company's move to mint digital...
Indian Banks share in industrial credit plunges to 34% in FY21, says report
Outstanding non-food credit growth moderated from an already low 6.1 per cent in March 2020 to 5.5 per cent in March 2021 as the pandemic shock hit the economy The share of non-banks in the commercial credit has more than doubled to 44 per cent while that of foreign...
ICICI Lombard and Airtel Payments Bank tie-up for Smartphone Insurance
With a monthly premium starting at Rs 1299, customers can get an insurance sum that is equivalent to the purchase price of their smartphone. Customers can get this insurance on their own until ten days after purchasing a smartphone priced between Rs 10,000 to Rs...
RBI Guv allays stagflation fears, says Ukraine war to have minimal impact on India
Shatikanta Das,Governor,Reserve Bank of India Firmly ruling out the prospects of the economy falling into stagflation -- a situation of prices shooting over the roof and growth plunging -- Reserve Bank Governor Shatikanta Das on Monday instead said prices are set to...