Nirmala Sitharaman, Union Finance Minister As banks benefit from...
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AU Small Finance Bank and Niva Bupa join hands to offer health covers
AU Small Finance Bank, the country's largest small finance bank...
90% of financial institutions focus on AI, GenAI for innovation: PwC India
"Collaborative innovation is now seen as a key driver for fintechs,...
Bonding with Banks
There is tremendous scope for innovation given the large number of banking customers. With banks selling insurance products of more than one insurance company, options are also in abundance with the scope for customised product offerings. For instance, loan secure products which give the customer the protection to from paying financial liabilitiesin case something unfortunate happens
BoI eyes Rs 1200-cr from exiting life insurance arm Star Union
Star Union Dai-ichi Life Insurance, which commenced operations in February 2009, is a joint venture between Bank of India, Union Bank of India and the Japanese major Dai-ichi Life Insurance Company.The company has negligible market share in the 24-player industry dominated by the national insurer LIC
BoB-Dena-Vijaya Bank merger unwarranted, will lead to job cuts: AIBEA
Noting that several villages were yet to receive banking services, he said, “There is a huge exclusion of people. Banks need to be expanded. No need for consolidation.”
Shaktikanta Das appointed as RBI governor
Das, a 1980 batch IAS officer of Tamil Nadu cadre, was member of the Fifteenth Finance Commission and India’s Sherpa to G20. Das has previously held the rank of Revenue Secretary
ECGC cuts down its exposure to Gems & Jewellery sector
Geetha Muralidhar,CMD, ECGC said,“Keeping in view the ongoing developments in the sector, when large amount of bank loans have turned into non-performing assets(NPAs) in the sector, we have put our own control system in place. Earlier, we used to provide cover 75 per cent of loans. Now, whenever the export amount the sector crosses Rs 600 crore, our cover comes down to 50 per cent