IDBI Bank, PNB Housing Finance and term-lending institution Sicom are separately working on plans to sell almost the entire distressed loan books, replicating the sale […]
Category: BFSI
Liquidity surplus at 9-mth peak on high govt spend, FPI inflows
Liquidity surplus in the banking system, measured by funds that lenders park with the central bank, climbed to its highest level in 9 months on […]
Regulator Irdai looking at 20 more insurance applications, says Chairman Debasish Panda
Insurance regulator Irdai has given licence to a General insurer for the first time since 2017, close on the heels of allowing two more applicants […]
Commission caps gone, insurers to face more competition
The recent move to abolish the commission cap by the insurance regulator has intensified competition among insurers, particularly unlisted players keen to wrest market share. […]
Fasal ties up with SBI to help farmers get easy access to loans
Agri-tech company Fasal on Thursday announced its partnership with State Bank of India (SBI), aimed to provide farmers with easy access to capital. The partnership […]
RBI begins evaluating potential bidders for IDBI Bank
The Reserve Bank of India (RBI) has begun evaluating at least five potential bidders interested in picking up a majority stake in state-owned IDBI Bank […]
Karnataka Bank authorised to collect direct, indirect taxes
Private sector lender Karnataka Bank has been authorised to collect direct and indirect taxes on behalf of the Central Board of Direct Taxes (CBDT) and […]
Canara Bank, Bharat BillPay tie up for cross border bill payments for Indian diaspora in Oman
Canara Bank and NPCI Bharat BillPay Ltd (NBBL) have announced the launch of cross-border inward bill payment services for Indians based in Oman. NRIs can […]
RBI to stop banks from capitalising penal charges on loans defaults
The Reserve Bank of India (RBI) pulled up banks for overcharging borrowers in the guise of penal interest rates and has come up with proposals […]
UBS weighs retaining Credit Suisse unit serving India’s rich
UBS Group AG is considering retaining Credit Suisse Group AG’s private banking unit in India after the emergency rescue of its smaller rival last month, […]