by AIP Online Bureau | Sep 20, 2023 | Eco/Invest/Demography, Indian News, Wealth Management/ Philanthropy
According to the Reserve Bank of India (RBI), household net financial savings (HHNFS) collapsed to just 5.1 per cent of GDP in FY23, marking the lowest level in 47 years since FY77, the report said New Delhi: Household financial borrowings in FY23 surged to 5.8 per...
by AIP Online Bureau | Sep 18, 2023 | Eco/Invest/Demography, Indian News, Pension & Social Security, Policy
The immediate gain for states shifting back to the OPS is that they will not have to spend on the NPS contribution of the current employees, but in the future, the unfunded OPS is likely to exert “severe pressures” on their finances, it said. Mumbai:...
by AIP Online Bureau | Sep 16, 2023 | Data, Eco/Invest/Demography, Life, Non-Life, Pension & Social Security
In August 2021, the central bank said it has been conceptualised as a comprehensive index, incorporating details of banking, investments, insurance, postal, as well as the pension sector, in consultation with government and respective sectoral regulators Mumbai: The...
by AIP Online Bureau | Sep 14, 2023 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation, Risk Management
Besides LIC Housing Finance, Bajaj Finance, Shriram Finance and Tata Sons, others in the list include L&T Finance, Piramal Capital & Housing Finance, Cholamandalam Investment and Finance Company Mumbai: Reserve Bank of India on Thursday said 15 large NBFCs,...
by AIP Online Bureau | Sep 7, 2023 | Eco/Invest/Demography, Indian News, Regulation, Risk Management, Technology
“Regulation can wait a bit longer but what is needed more urgently is better governance standards and a mechanism focused on customer centricity, data privacy and data protection, among others,” Ajay Chaudhary, an executive director who heads the fintech...
