Banking Laws (Amendment) Bill, 2024, that introduces reforms designed to modernise the banking sector and enhance customer convenience was passed by vote of motion yesterday […]
Category: BFSI
23-year-old Aakash Rahul Rathi becomes youngest chairman of Latur Urban Cooperative Bank
Latur Urban Cooperative Bank has recently elected 23-year-old Aakash Rahul Rathi, as the youngest chairman. The bank, established nearly three decades ago, boasts a business […]
AU Small Finance Bank partners with Bharti AXA Life Insurance to expand bancassurance offerings
AU Small Finance Bank (AU SFB), has partnered with Bharti AXA Life Insurance to offer its customers a suite of life insurance and financial security […]
DBS Bank expands wealth offerings for HNIs and NRIs with new Bengaluru branch
DBS Bank has launched a wealth management proposition tailored for High Net Worth Individuals (HNIs) and Non-Resident Indians (NRIs) in India, leveraging its Asian network […]
Indian Bank recommends Binod Kumar as the new MD and CEO
The Financial Services Institutions Bureau (FSIB) has recommended Binod Kumar, the Executive Director (ED) of Punjab National Bank, for the role of Managing Director (MD) […]
Microfinance lending in Uttar Pradesh climbs 10 per cent to Rs 40,840 crore in FY2024
The microfinance sector in Uttar Pradesh (UP) witnessed robust growth, with the credit pool rising by nearly 10 per cent Year-on-Year (Y-o-Y) to reach Rs […]
Mastercard Partners with Buna to revolutionise cross-border payments in MENA
Mastercard has partnered with the Arab Regional Payment System, Buna, to enhance cross-border payment efficiency into and out of the Middle East and North Africa […]
Repco Home Finance reports 14.4 per cent YoY profit growth in Q2 FY25
Repco Home Finance reported a 14.4 per cent Year-on-Year (YoY) increase in net profit for Quarter 2 Financial Year 2025 (Q2 FY25), reaching Rs 108.7 […]
RBI reaffirms State Bank of India, HDFC Bank and ICICI Bank as D-SIBs
The Reserve Bank of India (RBI) has announced State Bank of India (SBI), HDFC Bank and ICICI Bank to continue to be classified as Domestic […]
Shriram General Insurance partners with Muthoot Group to expand access to general insurance
Shriram General Insurance Company (SGIC) has tied a partnership with The Muthoot Group, enabling Muthoot Securities customers to conveniently access SGIC’s suite of general insurance […]