L to R-CS Setty, chairman, State Bank of India, Naveen Chandra Jha,...
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SBI Life’s corporate agency partnership with AU Small Finance Bank
SBI Life Insurance has entered a strategic corporate agency...
RBI decides to keep interest rate unchanged at 5.5 pc
Sanjay Malhotra,Governor, Reserve Bank of India The Reserve Bank on...
Govt moving ahead with IDBI Bank disinvestment plan in current fiscal: DIPAM Secy
Arunish Chawla,Secretary ,Department of Investment and Public Asset Management On the issue of further stake dilution in LIC, Chawla said the government aims to meet the minimum public shareholding requirement by the financial year ending March 2027, in line with the...
India, as fastest growing economy, is ideal investment destination: RBI Governor
Sanjay Malhotra,Governor,Reserve Bank of India . Malhotra highlighted that proactive government policies present unparalleled opportunities for investment in sunrise sectors such as space, semiconductors, renewable energy, and electric vehicles (EVs) Washington: India...
SBI Gen’s net profit more than doubled to Rs 509 crore in FY 25
Naveen Chandra Jha, MD & CEO, SBI General Insurance Naveen Chandra Jha, MD & CEO, SBI General Insurance, said, “We have been consistently growing faster than the market. In FY25, our GWP grew by 11.1 per cent, 70 per cent faster than the industry growth of...
India’s forex, money markets have doubled in last 4 years: RBI Governor
Sanjay Malhotra, Governor, Reserve Bank of India There has also been a 40 per cent surge in average daily volumes in the government securities (G-secs) markets to Rs 66,000 crore over the same period Mumbai: India’s financial markets have developed into a dynamic and...
Banks seek power to freeze accounts in illicit transactions cases to rein in cyber fraud
``Banks freeze/block accounts based on internal triggers, however, as per the Prevention of Money Laundering Act (PMLA), they do not have the authority to freeze or block customer accounts without proper authorisation from a court or law enforcement agencies (LEAs. In...
Corporate credit tremors in aftershock of tariff-led stock rout
The move is fueling fears pension funds and other longer-term investors might also start purging higher-quality borrowers from their portfolios. With the majority of fixed-income trading happening off-market, it can be hard to track and measure sales The tariff shock...
RBI cuts rates by 25 bps for a second time as US tariffs add to growth risks
Sanjay Malhotra, Governor, Reserve Bank of India RBI has lowered the GDP growth forecast to 6.5 per cent from earlier projection of 6.7 per cent due to global uncertainties. The RBI lowered the inflation projection for the current fiscal to 4 per cent from 4.2 per...
Global credit starts to wobble as market pain spreads
Overnight in Asia, the Markit Itraxx Asia ex-Japan index, comprising sovereign and company debt, rose about 26 basis points to its highest since August last year “If we see credit struggling, spreads widening out significantly, precious metals and other havens like...
FinMin to implement ‘One State-One RRB’ soon to achieve better efficiency
As of 31 March 2024, 43 RRBs are operating through a network of 22,069 branches in 26 States and 3 Union Territories (Puducherry, Jammu & Kashmir, Ladakh) covering 700 districts of the country. The pace of technology adoption has increased as more RRBs have...
No fee to be charged for updation of nominees for PPF accounts: FM
"The Banking Amendment Bill 2025, passed recently, allows nomination up to 4 persons for payment of depositors' money, articles kept in safe custody and safety lockers," said Finance Minister Nirmala Sitharaman New Delhi: Finance Minister Finance Minister Nirmala...