Banks have asked the government for protection against the arbitrary arrest of board members for commercial decisions such as the granting of loans. They want […]
Category: BFSI
Insurers want NPS tax exemption for their pension schemes, too
The insurance industry is seeking a level-playing field with the National Pension System (NPS) with a tax exemption for annuity products of insurance companies to […]
Japan’s Credit Saison Company invests Rs 540 crore in its wholly owned Indian subsidiary
Japan’s leading financial services player Credit Saison Company invested Rs 540 crore in its wholly owned local subsidiary, Credit Saison India, signalling its intent to […]
Digital economy push offers hope for multiple players: Mastercard
India’s push towards expanding the digital economy offers room for multiple players to grow in the payments ecosystem, said Michael Froman, vice chairman and president, […]
Securitisation soars 42% to Rs 1.15 lakh crore till December quarter this fiscal, says Crisil
Driven by a 20 per cent rise in the number of originators to 120, securitisation volume jumped 42 per cent to over Rs 1.15 lakh […]
Warehousing Development Regulatory Authority signs pact with SBI
Warehousing Development Regulatory Authority (WDRA) has signed a memorandum of understanding with State Bank of India to help farmers in getting low interest rate loans. […]
RBI tweaks norms related to share acquisition in banks
India’s central bank, the Reserve Bank of India, on Monday tweaked norms related to acquiring shares in banks in a bid to ensure ownership is […]
RBI’s new proposal on loan loss provisions to raise bank capital needs
The Indian central bank’s discussion paper suggesting banks make provisions on bad loans using an expected credit loss (ECL) method could raise capital requirements for […]
Paytm Payments Bank gets final RBI nod to operate as Bharat Bill Payment Operating Unit
Paytm Payments Bank on Monday said it has received final approval from the Reserve Bank of India to operate as a Bharat Bill Payment Operating […]
Indian Bank expands digital offerings under ‘Project WAVE’ initiative
Public sector Indian Bank has stepped up its offerings on its digital transformation initiative ‘Project WAVE’ with the launch of Kisan Credit Card loans to […]