On a wintry morning in 2018, one of India’s largest high-street lenders, Punjab National Bank (PNB), had woken up to the horrors of huge losses […]
Category: BFSI
KV Kamath says digital economy can contribute 25% GDP by FY29
Mumbai, Noted banker KV Kamath, who now chairs the National Bank for Financing Infrastructure and Development (NaBFID), expects the digital sector to contribute a quarter […]
Assets worth Rs 26,000 crore monetised in FY23: NITI Aayog
The government has monetised assets worth ₹26,000 crore during FY23 against the target of ₹1.6 lakh crore for the current fiscal while proposal pipeline aggregating […]
Niva Bupa launches health insurance plan ‘ReAssure 2.0’
Niva Bupa Health Insurance on Thursday announced the launch of health insurance policy ‘ReAssure 2.0’. The first of its kind indemnity plan offers lock-in of […]
Higher cash, quicker resolution help improve redemption ratio for ARCs
The cumulative redemption ratio for security receipts (SRs) issued by asset reconstruction companies (ARCs) has improved to 44% in 2019 from a mere 3% in […]
Indian banks may face rise in bad loans from retail, small businesses: SBI official
Indian banks could see an increase in bad loans in the retail and small business segments from its recent low levels, an official with the […]
PSU banks now offer inflation-beating FD rates
Those believing in safety first are outrunning the glory chasers these days, with stock returns trailing yields on plain-vanilla fixed deposits by a long shot, […]
Saraswat Bank partners Tagit to deploy omnichannel banking
Saraswat Bank has partnered with Singapore based digital banking solutions provider Tagit to implement omnichannel digital banking solutions for its retail and corporate customers. Under […]
With UPI-PayNow linkage Modi government makes a grab at the India outside India
Whenever Prime Minister Narendra Modi visits a foreign country, especially a developed one, his signature move is to galvanise the non-resident Indians (NRIs) there. Modi […]
HDFC Bank, Lulu Exchange ink deal to enhance cross-border payments between India-Gulf region
HDFC Bank, a major private sector bank, and UAE-based Lulu Exchange have signed an MoU to strengthen cross-border payments between India and the Gulf Cooperation […]