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IRDAI forms high powered panel under former SBI chief Dinesh Khara to suggest measures for insurance reforms
Dinesh Khara, former chairman, State Bank of India Panel will look...
IRDAI unveils Bima-ASBA for issuing life and health policies from March 1
Under Bima –ASBA facility, transfer of money from the prospect to...
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...
RBI leaves rates unchanged,continues accommodative stance
Shaktikanta Das, governor, RBI The RBI's monetary policy committee held the lending rate, or the repo rate, at 4%. The reverse repo rate, or the key borrowing rate, was also maintained at 3.35% RBI governor Das said that the Indian economy is relatively...
Over 55% PMJDY account holders are women, says Finance Ministry
There are as many as 43.90 crore beneficiaries of the PMJDY account holders in the country as of November 17, 2021, Minister of State for Finance Bhagwat Karad said in a written reply in the Lok Sabha. Of these, as many as 24.42 crore are female beneficiaries as...
PSBs restructure over Rs 58,500 cr loan advanced to 9.8 lakh MSME accounts amid pandemic: Govt
While, as many as 8.5 lakh accounts of individual borrowers of over Rs 60,000 crore have also been restructured New Delhi:Public sector banks (PSBs) effected restructuring of 9.8 lakh accounts of micro, small and medium enterprises, due to the impact of Covid-19...
No proposal to merge public sector general insurance companies: MoS Karad
Minister of State for Finance Bhagwat K Karad In a written reply to the Rajya Sabha, Minister of State for Finance Bhagwat K Karad said there is no proposal under consideration of the government at present for merger of public sector general insurance companies. New...
DBS Bank India introduces an industry-first digital & paperless trade financing solution
The bank now digitally validates the e-Way Bill (i.e. proof of movement of goods) for the purpose of establishing the genuineness of underlying trade transactions. The adoption of this approach has enabled DBS to process transactions quicker without the need to obtain...