Economic Times
The Reserve Bank of India will streamline its licensing process for payment aggregators by merging requirements for online and offline entities. This
Foreign banks from Japan and the Middle East are eyeing majority stakes in India's Yes Bank and IDBI Bank, as existing investors look to divest. Yes B
Shriram Capital has appointed Subhasri as its new managing director and CEO. Previously serving as joint managing director, she will now lead the comp
Indian banks are expected to increase cybersecurity spending due to rising online thefts and frauds. Currently, they spend significantly less on secur
Interlinking fast payment systems is widely seen as a means to enhance global cross-border payments and reduce costs, but Christopher Waller said that
Challa Sreenivasulu Setty is set to become the 27th chairman of State Bank of India on August 28. With extensive experience across various roles in SB
Overseas credit card spending saw a significant rise post Covid-19 travel restrictions easing, outpacing prepaid payment instruments and debit cards.
Medi Assist TPA signed an agreement to acquire Paramount TPA for Rs 311.8 crore. Funded by internal accruals and short-term debt, the acquisition aims
Yes Bank has named Sumit Bali as the Country Head for Retail Assets and Debt Management. Bali brings over 30 years of experience and will focus on enh
Small finance banks' growth was expected to decelerate to 26% this fiscal year from 28% previously, as they explored alternative funding avenues, Cris
The Insurance Regulatory and Development Authority of India (Irdai) encouraged companies to devise affordable insurance products to achieve the "insur
The decline in loan-to-deposit ratios (LDR) within the banking system has been attributed to lower money creation by the Reserve Bank of India (RBI) a
RBI Governor Shaktikanta Das announced that the Reserve Bank of India is piloting the Unified Lending Interface (ULI) to enable frictionless credit. T
Facing deposit mobilization challenges, Indian banks turned to certificates of deposit (CDs) for funding needs, with a 38% increase in issuances in Ju
It is truly remarkable to see the rapid pace of change over the past decade making India the world’s fifth largest economy. India’s concerted push
While the annuity market in India is still in its early stages, insurers believe it holds long-term growth potential. With rising life expectancy and
A report by Jefferies suggests that the health insurance sector in India may face challenges due to rising claims and increased competition, particula
Anil Ambani faced a five-year ban from SEBI and a Rs 25 crore fine over fund diversion at Reliance Home Finance. Once flourishing in 2007, his venture
Research showed that while just 15% of insolvency cases have claims over Rs 1,000 crore, they make up 90% of recoverable value. Specialized tribunals
Bandhan Bank introduces 'avni', a savings product aimed at affluent women to boost its CASA deposits. The product requires a minimum quarterly balance
