The Reserve Bank of India (RBI) has banned State Bank of Mauritius (SBM)’s Indian subsidiary SBM Bank (India) Ltd from processing any foreign exchange remittances […]
Category: BFSI
PSBs will continue to lag private peers in deposits: Analysts
Public sector banks are benefiting from lower credit costs and increase in risk appetite due to asset quality clean-up, but they face the risk of […]
Banks transfer Jaypee Infratech’s ₹9,234-crore debt to NARCL
Banks have completed the transfer of ₹9,234 crore of Jaypee Infratech loan to the National Asset Reconstruction Company (NARCL), marking the first acquisition for the […]
Banks seek immunity for board members, suggest NaBFID-like shield against arrests
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 […]
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 […]