Growing at a steady pace, UPI transactions are likely to reach 1 billion per day by 2026-27, accounting for 90 per cent of the retail […]
Category: BFSI
Bank of Maharashtra top performer in NPA management during FY23
Bank of Maharashtra (BoM) has emerged as the best bank as far as management of bad loans is concerned with its net non-performing assets (NPAs) […]
RBI approves the voluntary amalgamation of Maratha Sahakari Bank Ltd., Mumbai with The Cosmos Cooperative Bank Limited, Pune
The Reserve Bank of India has sanctioned the Scheme of Amalgamation of Maratha Sahakari Bank Ltd., Mumbai, Maharashtra with The Cosmos Co-operative Bank Limited, Pune, […]
RBI has appointed Mrs. Scenta Joy, CGM of Department of Regulation, RBI as Nodal Officer for UCBs
Fulfilling its promise of appointing a nodal officer for all policy issues related to Urban Co-operative Banks, the Reserve Bank of India has appointed a […]
Life insurers see little impact from tax sop removal
Life Insurance Corp. of India (LIC) and other life insurers expect the impact of recent tax changes on high-value, non-participating policies to be minimal. LIC […]
IRDAI working on three-pronged approach to ensure ‘insurance for all by 2047’
IRDAI Chairman Debasish Panda on Thursday said the regulator is working on three-pronged approach — availability, accessibility and affordability — to ensure ‘Insurance for All […]
Bank of Maharashtra tops PSU lenders chart in profit and loan growth in FY23
State-owned Bank of Maharashtra (BoM) has emerged as the top performer among public sector lenders in terms of loan and deposit growth in percentage terms […]
Strong performance of Indian banks to continue, says S&P analyst
S&P Global Ratings on Thursday said Indian banking sector profitability will stabilise at a healthy level, and asset quality will continue to improve. “Indian banks’ […]
India’s forex reserves comfortable for next 5-6 years, FTAs to generate surplus: Piyush Goyal
India’s free trade agreements (FTA) will help generate surpluses and the country is “comfortable” for the next five-six years in its foreign exchange position, commerce […]
Cash withdrawals at ATMs rise 235% since 2016 demonetisation
Mumbai: Cash is still king more than 76 months after demonisation. Cash withdrawals from ATM rose 235% to ₹2.84 lakh crore at the end of […]