PhonePe Insurance Broking Services, today announced the launch of health insurance plans offering comprehensive insurance in partnership with leading insurers. What sets these health insurance […]
Category: BFSI
Reliance General Insurance to get Rs 200 cr capital infusion from Reliance Capital
Lenders of Reliance Capital (RCAP) have approved the capital infusion in Reliance General Insurance to improve solvency margin of the general insurance arm, according to […]
‘Foreign banks’ exposure to trades in long-term bonds not a concern’
The Reserve Bank of India (RBI) has been regularly reviewing the burgeoning bond-derivative trades between banks and insurance companies, and does not see any major […]
PSU banks in real danger of privatisation, says AIBOC
All India Bank Officers’ Confederation (AIBOC), the apex body of bank officers in the country, on Tuesday said state-run lenders are in “real danger of […]
SBI to set up trustee company to manage corporate debt market development fund
State Bank of India (SBI) will set up a trustee company, which will be its wholly-owned subsidiary, for managing the Corporate Debt Market Development Fund […]
Government asks banks to issue mobility-enabled cards
The government has asked banks to ensure that all new cards and reissues of old cards have the National Common Mobility Card (NCMC) as a […]
MSCS (Amendment) Bill to be passed in monsoon Session
The much-touted Multi-State Cooperative Societies (Amendment) Bill, 2022, is likely to be introduced for consideration and passing in the upcoming monsoon session of Parliament starting […]
Bain frontrunner to buy Adani Capital for Rs 1500 crore
Mumbai: Bain Capital is in advanced negotiations to close the acquisition of Gautam Adani’s seven-year-old shadow bank, Adani Capital, edging past Carlyle as the Ahmedabad-based […]
New accounting standard for insurance soon
The government will soon notify a new accounting standard for insurance contracts, which would align Indian norms with international practices and help global investors better […]
DBS launches new IFSC banking unit in GIFT City
DBS Bank Ltd., Singapore’s largest bank, on Monday, expanded its presence in India by inaugurating its new IFSC Banking Unit (IBU) in the Gujarat International […]