Economic Times
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
The RBI’s unhappiness isn’t new. It stopped Paytm Payments Bank from onboarding fresh customers nearly two years ago. Last year, while imposing a
RBI has granted approval to HDFC Bank for acquiring up to 9.5% stake in Yes Bank. The approval is subject to compliance with relevant regulations. Sep
The Reserve Bank of India (RBI) on Monday approved HDFC Bank's proposal to acquire nearly 9.5 per cent stake in IndusInd Bank, the company said in an
The four lenders include Punjab National Bank (PNB), which is targeting a follow-on public offer (FPO) by September, and Central Bank of India, which
One97 Communications Ltd (OCL) has refuted media reports suggesting an investigation by the Enforcement Directorate (ED). The Reserve Bank of India (R
Private companies in Karnataka must now partner with insurance firms and pay an annual premium towards gratuity obligations under the Karnataka Compul
Bank of Maharashtra (BoM) has recorded the highest growth rate in terms of deposit mobilisation among public sector lenders at a time when most lender
The Mumbai police's EOW has filed a closure report in the alleged Rs 25,000-crore scam at the MSCB involving Deputy Chief Minister Ajit Pawar. The EOW
