According to sources, lenders claimed that IIHL's move to seek...
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Govt taking various measures at policy level to help fintech sector: PM Modi
Prime Minister Narendra Modi Addressing the Global Fintech Fest...
India’s FinTech sector has received $6 bn investment in last 2 years: RBI chief
Shaktikanta Das,Governor,RBI RBI Governor Shaktikanta Das said to...
Aditya Puri highest paid banker for FY20 with Rs18.92cr in remuneration
Second largest private sector lender ICICI Bank’s managing director and chief executive Sandeep Bakhshi’s gross earnings stood at Rs 6.31 crore in his first full year as the head of the lender, the bank’s annual report said.
Eight shortlisted for post of RBI deputy governor; interview on July 23
The Financial Sector Regulatory Appointment Search Committee (FSRASC) has a list of eight names who would be interviewed via video conference on July 23, the sources said.
Deutsche Bank and Google agree multi-year, strategic partnership
he deal is part of a 13 billion euro ($14.70 billion)technology investment Deutsche has planned up to 2022 as it restructures to recover from years of losses.
No plans to sell life insurance unit during this fiscal: PNB Chief
Insurance Regulatory and Development Authority of India (IRDAI) has given PNB permission to continue to hold both the companies, Rao said, adding that the lender will continue to hold stake in both PNB MetLife and Canara HSBC OBC Life Insurance.
Federal Bank to buy additional 4% stake in life insurance JV from IDBI Bank for over Rs 80 crore
Federal Bank will be purchasing 4 per cent, while their Dutch partner Ageas Insurance International NV will be buying 23 per cent to take its ownership to 49 per cent, the maximum permissible for a foreign partner in a life insurance venture
ICICI Bank divests 1.5% stake in ICICI Pru Life for Rs 840 crores
The Government of Singapore today has acquired 1.14 percent equity stake in ICICI Prudential Life Insurance Company through open market transactions on June 22.It bought 1,64,30,820 equity shares (representing 1.14 percent of the total paid up equity capital) of ICICI Prudential at Rs 391.6 per share, as per bulk deals data on the National Stock Exchange.
The ICICI Bank’s shareholding in ICICI Prudential Life Insurance Company Limited stands at approximately 51.4%
SBI’s new mantra work-from-anywhere
On the business side, the focus of the bank in the days ahead would be on revisiting risk assessment and business procedures in addition to rapid adoption of digital technology, said State Bank of India’s annual report.
“Bank will also have to revisit its risk management framework, its internal models of risk assessment and capital planning and business procedures to better adapt to new operating environment,” the report said.
Decide corruption cases in time involving retiring bank, govt officials: CVC
“Further, it was also conveyed that all such retirement cases should be received by the first week of the month of superannuation of the officer(s) concerned,” said the directive, issued to secretaries of central government departments and the chairman and managing directors of public sector banks, undertakings and autonomous organisations.
Citigroup launches new ESG investment banking group
“The current Covid crisis will elevate the importance of ESG to our clients, as they increasingly focus on more sustainable and resilient strategies and on recovery plans that help drive the just transition to a net-zero emissions future,” global BCMA heads Tyler Dickson and Manolo Falcó said in a memo to bankers sent on Tuesday.
Companies have become more focused on environmental, social and governance (ESG) factors in recent years as activists and investors put pressure on them and companies that put these considerations at the forefront are rewarded.
Barclays CEO says ‘putting 7,000 people in a building may be thing of the past’
“There will be a long-term adjustment in how we think about our location strategy…the notion of putting 7,000 people in a building may be a thing of the past,” he told reporters after the bank reported a fall in first-quarter profits.