Even as many industry insiders have expressed concerns over the rapid growth in unsecured loans, merger-bound HDFC Bank is all set to launch open-market, 10-second […]
Category: BFSI
RBI imposes Rs 1.73 crore penalty on HSBC
The Reserve Bank of India on Monday said it has imposed a penalty of Rs 1.73 crore on HSBC for non-compliance with norms. This action […]
Centre may see a big jump in RBI dividend in FY24
The Centre is likely to make windfall gains by way of annual dividend receipts from the Reserve Bank of India (RBI), which is estimated to […]
Insurance penetration cannot be done by merely crowding market with large number of players: AIIEA General Secretary Mishra
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 […]
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, […]