New India Assurance(NIA) has established tie-ups with 316...
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Pradhan Mantri Jeevan Jyoti Bima Yojana:Driving India’s financial inclusion push
R. Doraiswamy, CEO and MD, Life Insurance Corporation Many families...
Banks must prepare for cyber threats posed by AI models like Mythos: Nagaraju
Referring to cyber security concerns, he said Anthropic Mythos AI...
New logo unveiled for Regional Rural Banks to build unified brand identity
This reform marks a crucial step toward building stronger and more efficient RRBs. Presently, 28 RRBs continue to serve the nation through an extensive network of over 22,000 branches in more than 700 districts. New Delhi:On the principle of "One State One RRB", the...
HDFC Bank gets RBI approval for up to 9.5% stake in IndusInd Bank
In an exchange filing on Monday, HDFC Bank said that several of its group companies have received permission to invest in IndusInd Bank.These include HDFC Mutual Fund, HDFC Life Insurance Company, HDFC ERGO General Insurance Company, HDFC Pension Fund Management, and...
BNP Paribas to pay $3.5 billion for increasing its stake in Ageas to 22.5% from 14.9%
The deal involves France’s biggest bank selling its 25% stake in AG Insurance to Ageas for 1.9 billion euros while simultaneously investing 1.1 billion euros into Ageas through its insurance subsidiary BNP Paribas Cardif, based on an agreed price of 60 euros per...
Govt to seek bids for its $7.1 billion majority stake in IDBI Bank
The federal government and state-owned Life Insurance Corp of India together own about 95% in the lender. The government will sell 30.48% of its stake in the bank, while LIC will offload 30.24%, along with transfer of management control. India is poised to seek bids...
RBI trims policy interest rate by 25bps to 5.25pc, sets higher growth rate at 7.3% for FY 26
The Indian economy is facing a "rare goldilocks" period. Since October, India's economy has experienced rapid disinflation leading to a breach of the central bank's lower threshold of tolerance. Given these macroeconomic conditions, "policy space" exists to support...
No proposal for merger or disinvestment of public sector banks: Govt
Replying to a question in the Rajya Sabha on whether the government has plans to disinvest four PSBs or to merge with larger banks by 2026, Minister of State for Finance, Pankaj Chaudhary, said: "Presently, no proposal on merger or disinvestment of Public Sector Banks...
SC entrusts CBI with pan-India probe into digital arrest cases, asks States to accord assent
On November 3, the top court said it needs to deal with digital arrest cases with an iron hand, while expressing shock over the scale of such cybercrime cases in the country, with over Rs 3,000 crore allegedly extorted from victims, including senior citizens. New...
RBI governor releases five-year national financial inclusion strategy
Sanjay Malhotra,,Governor,Reserve Bank of India The 'National Strategy for Financial Inclusion (NSFI): 2025-30 emphasises a synergistic ecosystem approach, improving the quality and consistency of last-mile access and effective usage of financial services.These...
FM Sitharaman lays foundation for offices of 15 PSU banks, insurance companies in Amaravati
Sitharaman described the gathering of all major PSU banks and insurance companies on one financial street as a historic first for any state capital in India Amaravati:Union Finance Minister Nirmala Sitharaman and Andhra Pradesh Chief Minister Chandrababu Naidu on...
Govt returns Rs1,887 crore unclaimed financial assets to citizens in 2 months
Unclaimed financial assets such as insurance policy claims, bank deposits, dividends, shares, and income from mutual funds often remain unclaimed due to a lack of awareness or outdated account details New Delhi: The Secretary of the Department of Financial Services,...