Economic Times
The bill proposes 100% foreign investment in the insurance sector. It also reduces capital requirements for insurance companies. A composite license
Financial literacy and awareness at the ground level is crucial, not just for young people but also for the older generation, he said observing that t
The department of financial services in a letter to all PSBs said the transfer policy has been reviewed with an aim to promote greater transparency an
"The government has been pushing lenders to look at internal collaboration, create common utilities, and scale them up to improve their performance an
India's Competition Commission (CCI) greenlit several deals, including Kotak Mahindra Bank's purchase of Standard Chartered Bank's Rs 4,100-crore pers
Indian banks saw a rise in high-cost deposits in the September quarter. This may squeeze profit margins. Public sector banks lent more but gathered f
Indian banks saw a shift towards term deposits. These deposits grew to 61.4% of total deposits by September 2024. Attractive interest rates above 7%
Gold loan companies in India are accelerating growth plans, capitalizing on increased demand as microfinance lenders tighten credit. Muthoot Finance
The government approved the PAN 2.0 project. The project will create a central database for PAN cards. It will merge data from current providers. T
Financial Services Secretary M Nagaraju announced public sector banks will launch new products in the coming months to boost credit growth, particular
The govt is poised to revamp its insurance laws, potentially allowing insurers a single license to operate across life, general, and health insurance.
Citigroup is drastically reducing year-end promotions, impacting around 2,000 employees compared to approximately 8,000 in previous years, according t
India is restructuring IFCI Ltd, halting its lending operations due to capital limitations. The government-owned non-bank lender will transition into
The fraudulent transactions have affected Aviom's cash flows, which will impact repayment capabilities, the people said. The housing finance company,
Most Rs 2,000 notes are back. The Reserve Bank of India received nearly all withdrawn notes. The deadline for depositing or exchanging these notes p
Finance Minister Nirmala Sitharaman's Mahila Samman Savings Certificate scheme has garnered over 4.33 million depositors since its April 2022 launch.
The Microfinance Institutions Network (MFIN) is tightening lending norms for its members to address rising bad loans. These changes include stricter
HDFC Life Insurance announced on Monday that it had received customer data from an unknown source with "mala fide intent." The company did not specify
Parliament was informed on Monday that the recommendations of the Group of Ministers (GoM), which is examining issues related to GST on life and healt
A new bill, expected to be introduced in Parliament's winter session, seeks to amend bank nomination laws, allowing up to four nominees for fixed depo
