“Due to various measures, India's financial inclusion improved...
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Banking & Bancassurance
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Reliance Nippon Life starts negotiation with IndusInd Bank on bancassurance tie up
"Bancassurance was a missing link in our structure and we have...
Malhotra exhorts staff to strive for perfection; support realisation of Viksit Bharat vision
Sanjay Malhotra,Governor,Reserve Bank of India Malhotra, who faces...
Axis Bank emerges as highest bidder for Citi consumer biz
The business comprises credit cards, retail banking, home loans and wealth management. The bank has 35 branches in the country and employs about 4,000 people in the consumer banking business.According to the sources, the valuation could be around USD 2 billion (about...
RBI favours total ban on cryptocurrencies
Nearly 15 million Indian retail investors representing 1.8 per cent of the population have invested over $6.6 billion in crypto assets Government is not likely to bring a bill on cryptocurrency in the ongoing winter session of the Parliament Lucknow: RBI discussed...
Bank strike delays clearance of 38 lakh cheques worth Rs 37,000 crore
About one lakh bank branches remain closed and some others headed by senior officials were kept open as they did not participate in the strike Venkatachalam said the strike is against the Centre's move to privatise public sector banks (PSB) and to introduce the...
Banking services hit as PSU bank employees go on two-day strike
AIBOC General Secretary Soumya Dutta said about 7 lakh bank staffers across the country are participating in the two-day strike. It is unfortunate that operations of over 1 lakh branches of banks and regional rural banks have been impacted due to the strike because of...
HSBC says clients must have plan to exit coal by end-2023
Under its plan, HSBC will cut exposure to thermal coal financing by at least 25% by 2025 and 50% by 2030, although non-EU or non-OECD-based clients could be funded until a global phase-out by 2040, its sustainability chief told Reuters HSBC said its new policy would...
Govt unlikely to announce capital infusion for PSU banks in Budget 2022-23
To augment their resources, banks would be encouraged to raise funds from the market and also by selling their non-core assets New Delhi: The government is unlikely to announce capital infusion for public sector banks (PSBs) in the upcoming Budget, as their financial...
Bank deposit insurance cover increased to Rs 5 lakh, refund within 90 days: Piyush Goyal
Union Minister of Commerce and Industry Piyush Goyal "The most important thing is that earlier it used to take nearly 10 years, now it has been ensured that the day on which the Reserve Bank of India decides to shut down the bank, the sum of Rs 5 lakh will be refunded...
TN Chopper Crash: New India and United India settle PA claims of Gen Rawat and others in record time
``Our team immediately sprung into action obtained minimum mandatory documents required for the bank and expeditiously released the amount of sum insured i.e. Rs.30 Lacs within an hour and also ensured that the amount gets credited to their Axis Bank account of...
PM Modi to address depositors in bank deposit insurance programme tomorrow
"Deposit insurance covers all deposits such as savings, fixed, current, recurring deposits, etc. in all commercial banks, functioning in India. Deposits in State, Central and Primary cooperative banks, functioning in States/Union Territories are also covered," said...
Imports made up 86 pc of India’s gold supply between 2016-2020; will be stronger in 2022: WGC
Bullion banking is a catalyst for change in India's gold market landscape, the report opined.It said India's gold market faces multiple challenges, such as a lack of quality assurance, the unorganised state of the market and a lack of trust in international markets...