The government and insurance industry regulator IRDAI have been pitching for a greater insurance penetration but it cannot be done by merely crowding the market […]
Category: BFSI
Irdai proposes to tighten norms for media campaigns by insurers
Regulator Irdai is proposing to tighten norms for insurance advertisements by assigning higher responsibility on senior management of insurers in designing and approving media campaigns […]
ChrysCapital diversifies into public market investing; hits first close of maiden AIF
After cutting 100 private equity deals in the Indian market in over two decades, homegrown private equity fund ChrysCapital is diversifying into public market investing, […]
NBFCs step up used car funding as EVs catch on
Non-banking financial companies (NBFCs) are stepping up the funding of used cars, seeing it as a growth driver over the next two-three years, especially with […]
FinMin permits 22 finance cos to undertake Aadhaar-based verification of clients
The Finance Ministry has allowed 22 financial companies, including Amazon Pay (India) and Hero FinCorp, to undertake Aadhaar-based authentication of clients. The ministry, through a […]
Finance ministry sees G-sec yields on downhill trek
The finance ministry expects the yield on government securities – which dropped below the 7% mark for the 10-year paper in intraday trade on Thursday […]
Global finance dominated by few currencies, need to de-risk by diversifying, says RBI DG T Sankar
A handful of currencies currently dominate global finance, and there is a need for de-risking by diversifying the international currency system by adopting liquid currencies, […]
Money transfer: RBI mandates complete info about originator, beneficiary
The Reserve Bank on Thursday instructed banks and other financial institutions to ensure cross-border as well as domestic wire transfers contain complete information about the […]
HDFC Bank likely to open over 600 branches in semi-urban, rural areas in FY24
HDFC Bank is likely to open more than 675 branches in semi-urban and rural geographies across the country, reported Reuters, citing a senior bank official. […]
Temasek set to invest $130 million in Niva Bupa for a minority stake
Singapore’s state investment firm Temasek has emerged as the front-runner to buy a minority stake for $120-130 million (about ₹985-1,070 crore) in health insurance company […]