The Reserve Bank of India has given its consent for the re-appointment of N Kamakodi as Managing Director and CEO of private sector bank City […]
Category: BFSI
High balance bank accounts without updated KYC details under the lens
The government and the banking sector regulator are looking into operative accounts with significant balances that have not updated their know your customer (KYC) details. […]
Indian banks unlikely to go SVB, Credit Suisse way as they can swim good in troubled waters
The bank failures in the world’s largest economy and in Europe following the pandemic and war-induced tightening cycle posed a lot to brood over for […]
LIC total premium rises 17 pc to Rs 2.32 lakh cr in FY23
Life Insurance Corporation (LIC) on Monday said its total premium rose 17 per cent to Rs 2.32 lakh crore during FY2022-23. The same stood at […]
MAS clears merger of HDFC Investments with HDFC Bank
HDFC Bank on Monday said Monetary Authority of Singapore (MAS) has given an approval for merger of HDFC Investments and HDFC Holdings with parent HDFC […]
RBI harmonises provisioning norms for urban cooperative banks
The Reserve Bank on Monday harmonised the provisioning norms for standard assets applicable to all categories of urban cooperative banks (UCBs). In December last year, […]
New remittance rules put wealthy Indians in a fix
Mumbai: Affluent Indians, who have been legitimately parking a slice of their wealth outside the country for a decade, are in a catch-22 situation. These […]
DBS knew problem areas at Lakshmi Vilas Bank, cleaned up and integrated business from day 1: India CEO
In November 2020, when the Reserve Bank of India (RBI) decided to hand over the distressed Lakshmi Vilas Bank (LVB) to Singapore’s DBS Bank, it […]
Cyberattack on Insurance Information Bureau of India; data at risk
The Insurance Information Bureau of India (IIB) has faced a cyberattack and some of the data it holds may have been compromised, said two people […]
Tech layoffs didn’t impact education loan repayments in FY23: Crisil
Tech sector job losses did not have any impact on the education loan portfolios of Indian non-bank finance companies that lend to students for pursuing […]