B2B Infomedia: Indian BFSI sector is poised to become the third largest in the world by 2025. It means a huge amount of data is churning […]
Category: BFSI
NPCI in talks with RBI on UPI volume cap deadline
National Payments Corporation of India (NPCI), which runs the UPI digital pipeline, is in talks with the Reserve Bank on implementation of its proposed December […]
Banks increase EBLRs by 190 bps in tandem with RBI’s repo rate hike
All major banks have increased their external benchmark-based lending rates (EBLRs) by 190 basis points in tandem with the hike in the Reserve Bank’s policy […]
Banks prefer to give loans now than buy bonds
Investments to deposits ratio of the Indian banking industry fell to a four-month low as banks allocate more of their existing funds to loans that […]
Govt raises maximum tenure of PSU banks’ CEO to 10 years
The maximum tenure of CEO and MD of public sector banks has been increased to 10 years, a move that will help the government retain […]
Most public banks continue to reel under weak assets even as private counterparts thrive
While the State Bank of India and some leading private sector banks have largely addressed their asset quality challenges, many public sector banks are still […]
Financial sector reliance on 2-3 big tech companies poses major risks: Axis Bank CEO Amitabh Chaudhry
Companies providing software and other technology support like cloud services to the financial system are trickling down to a few, which can create major systemic […]
IIFL Wealth and Asset Management reinforces its commitment to clients with a new name: 360 ONE
IIFL Wealth and Asset Management has rebranded itself as 360 ONE. A name borne out of the purpose the company has been living up to […]
Shriram Life empanelled as annuity service provider for PFRDA pension scheme
The Pension Fund Regulatory and Development Authority (PFRDA) has onboarded Shriram Life Insurance Company (SLIC) as the annuity service provider for the NPS scheme. The […]
RBI puts onus on EU banks to resolve stalemate with ESMA
Reserve Bank of India (RBI) has put the onus on European Union banks to resolve the stalemate caused by the European Securities & Markets Authority’s […]