Economic Times
The Reserve Bank of India has imposed penalties amounting to Rs 2.91 crore on Axis Bank and HDFC Bank for deficiencies in statutory and regulatory com
Several lenders have classified loans to Mahanagar Telephone Nigam (MTNL) as non-performing assets, leading the state-run telecom utility to propose a
Union Bank of India has joined the Partnership for Carbon Accounting Financials (PCAF) to align with global climate risk management efforts. This move
Life insurers in New Delhi have seen a 22% increase in new business premiums, collecting Rs 32,644 crore in August. Over the first five months of FY25
The GST Council has postponed its decision on reducing the GST rate on health insurance premiums to November. A Group of Ministers will review the mat
In her new role, Panesar will spearhead the design and execution of strategic initiatives in collaboration with senior leaders across the bank.
Bandhan Bank has introduced a new facility for collecting Goods and Services Tax (GST) from both customers and non-customers. This service can be acce
Iffco Tokio General Insurance Company has appointed Subrata Mondal as its new managing director and CEO. Mondal, who has been with the company since 2
A leaked letter from Union Minister Nitin Gadkari to Finance Minister Nirmala Sitharaman has sparked discussions on removing GST from insurance premiu
Jio Financial Services and BlackRock Advisors Singapore have formed a joint venture named Jio BlackRock Investment Advisers Private Limited. Jio Finan
Shriram Finance plans to raise USD 1 billion from overseas in the next six months to support business growth. The company aims to secure USD 300 milli
The Deposit Insurance and Credit Guarantee Corporation (DICGC) has introduced Daava Soochak, an online tool for depositors to track their claim status
Education loans for overseas courses are set to grow rapidly for non-banking financial companies (NBFCs) due to increasing demand for higher education
AU Small Finance Bank and United India Insurance Company have announced a strategic partnership to offer general insurance solutions to the bank's cus
The Reserve Bank of India has imposed penalties on three entities, including Housing and Urban Development Corporation Ltd, for non-compliance with sp
Sanjeev Mehta has resigned as Standard Chartered Bank's Managing Director and Head of Transaction Banking Sales for South Asia after a 17-year tenure.
The Indian banking sector is struggling to attract deposits due to competition from mutual funds offering higher returns. Regulatory restrictions limi
Health Insurance Tax: The GST Council is set to discuss reducing the tax burden on health and life insurance policies, but faces resistance from state
The Supreme Court of India has issued a notice to former ICICI Bank CEO Chanda Kochhar and her husband Deepak Kochhar on a CBI plea against the Bombay
India aims to achieve a $30 trillion GDP by 2047, requiring significant growth in the financial services sector, especially banks. A report by BCG, FI
