Economic Times
Efforts to finalize a stake purchase in Yes Bank are at risk due to bidders' insistence on acquiring a 51% ownership, according to sources. The Reserv
The head of the General Insurance Council has proposed expanding health insurance by mandating employer-provided coverage, using CSR funds for premium
The National Bank for Financing Infrastructure and Development (NaBFID) may offer partial credit enhancement and first loss default guarantees to infr
HDFC Bank, India's largest private sector lender, is negotiating with global banks like Barclays, Citigroup, and JPMorgan to sell up to $1 billion in
Paytm's Vijay Shekar Sharma announced during the company's Annual General Meet that they will reapply for a payment aggregator license to RBI. The fin
The Reserve Bank of India plans to maintain a 5% run-off factor on digitally linked deposits, despite industry requests for a lower buffer. This move
LGT Wealth India has appointed Poonam Mirchandani as the managing director of its wealth planning & family solutions division, effective August 2024.
NaBFID is in talks with the RBI to reduce capital requirements for financial institutions offering credit enhancement. This move aims to make the prod
Analjit Singh's family office has repaid debts worth ₹5,500-6,000 crore taken from KKR & Co a decade ago for investments in property and hospitality
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
