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India’s green financing requirement estimated at 2.5 pc of GDP: RBI Study

by AIP Online Bureau | May 3, 2023 | Climate, Environment, Renewable Energy, Data, Eco/Invest/Demography, Regulation

”India’s diverse topography makes it highly vulnerable to climate risks, manifested in the form of sustained rise in temperature, erratic monsoon patterns, and rising frequency and intensity of extreme weather events Mumbai: The Reserve Bank of...
HDFC Life Insurance shares end over 6 pc higher

HDFC Life Insurance shares end over 6 pc higher

by AIP Online Bureau | Apr 24, 2023 | Indian News, Life, Wealth Management/ Philanthropy, Workplace/Employee Benefits

In a regulatory filing on Friday, HDFC Life Insurance Company has said that Reserve Bank of India (RBI) has permitted HDFC Bank or HDFC to increase their shareholding in HDFC Life Insurance Company and HDFC ERGO General Insurance Company to over 50 per cent prior to...
HDFC Bank can increase stakes in HDFC Life & HDFC ERGO to over 50%:RBI

HDFC Bank can increase stakes in HDFC Life & HDFC ERGO to over 50%:RBI

by AIP Online Bureau | Apr 22, 2023 | Banking & Bancassurance, Indian News, Life, Non-Life, Regulation

HDFC Bank or HDFC can increase shareholding in HDFC Life Insurance Company and HDFC ERGO General Insurance Company to over 50 per cent prior to the effective date of the merger Mumbai: In a mixed bag for HDFC Bank ahead of the parent HDFC’s merger with itself,...

RBI to set up portal to search across multiple banks for unclaimed deposits

by AIP Online Bureau | Apr 6, 2023 | Banking & Bancassurance, Indian News, Technology, Wealth Management/ Philanthropy

About Rs 35,000 crore unclaimed deposits as of February 2023 were transferred to RBI by public sector banks (PSBs) in respect of deposits which were not operated for 10 years or more Mumbai: The Reserve Bank on Thursday announced to set up a centralised portal to...
RBI holds the key lending rate at 6.50% after six repo rate hikes in a row

RBI holds the key lending rate at 6.50% after six repo rate hikes in a row

by AIP Online Bureau | Apr 6, 2023 | Eco/Invest/Demography, Indian News

Shaktikanta Das,Governor, Reserve Bank of India The monetary policy committee (MPC), which has three members from the central bank and three external members, retained the key lending rate or the repo rate at 6.50%, in a unanimous decision Retail inflation...
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