Economic Times
The Reserve Bank of India (RBI) has taken disciplinary action against Paytm Payments Bank, following persistent non-compliance. The action was taken a
RBI Governor emphasised the importance of good governance, risk management, compliance culture, and customer protection for the safety of financial in
The Reserve Bank of India (RBI) has requested banks and NBFCs to provide borrowers from retail and micro and small enterprises with a key fact stateme
Abu Dhabi Investment Authority (ADIA), the largest sovereign wealth fund in the UAE, plans to set up a $4-5 billion fund in India through GIFT City in
The Committee, to make insurance more affordable, recommended that GST rates applicable to health insurance products, particularly retail policies for
NARCL is set to acquire loans of Simplex Infra following an uncontested Swiss auction. The state-backed bad bank has made a binding offer of ?640 cror
"No other bank has such a complete range of products addressed to the SME segment as HDFC Bank," said Vidya Pradeep, executive vice-president, credit
Earlier, the IRDAI prescribed lock-ins based on the age of the insurer, with waivers granted only in extraneous situations. In certain cases, the regu
It will acquire the remaining 49 per cent over a period of two years, subject to completion of certain conditions, according to a regulatory filing.
Max Financial Services has received approval from the Insurance Regulatory and Development Authority of India (IRDAI) for a capital infusion of Rs 1,6
Reports of UPI outage have poured in from various places as users struggle with digital payments. Major platforms like Google Pay, PhonePe, and BHIM h
India's MakeMyTrip and PolicyBazaar have expressed concerns to the central bank about the impact of its crackdown on Paytm, a digital payments firm. T
On liquidation, every depositor would be entitled to receive a deposit insurance claim amount of his/her deposits up to a monetary ceiling of Rs 5 lak
The volume of low value home loans, with value less than Rs. 35 lakhs, are 76% of the originations have dropped by 4%, impacting the overall home loan
"Paytm has been a partner over the years for our acceptance business, for our aggregator business. Under the current circumstances, we don't know too
PFC’s failure to adhere to the LCR requirement was a result of inclusion of ineligible assets as High-Quality Liquid Assets (HQLA), the RBI said. Th
Tata AIA Life Insurance Co announced the appointment of Venkatachalam H as the new CEO & MD, pending regulatory approval from IRDAI. He will succeed N
Sundaram Finance Ltd maintains its strategy of 'steady and sustainable growth' with strong financial performance, reporting a profit after tax of Rs 3
The committee, in its recommendations, observed that the high rate of GST results in a high premium burden, which acts as a deterrent to getting insur
Paytm, in an official release, stated that the news item suggesting such an acquisition is speculative, baseless, and factually incorrect. The clarifi
