The Reserve Bank of India (RBI) yesterday approved CS Rajan’s appointment as the part-time Chairman for Kotak Mahindra Bank for a period of two years. […]
Category: BFSI
CCI approves acquisition stakes in Reliance Capital by IndusInd International
The Competition Commission of India (CCI) has approved the acquisition of the control/stake in Reliance Capital by IndusInd International Holdings. In a statement released yesterday, […]
RBI proposes to bring foreign correspondents
The Reserve Bank of India (RBI) has proposed to bring a new category of money changers, to be called foreign correspondents, who would conduct the […]
BoB raises Rs 2,500 crore via issuance of Basel III compliant tier-II bonds
Bank of Baroda has raised Rs 2,500 crore recently through the issuance of Basel III Compliant Tier II Bonds Series XXV. The bank received a […]
RBI introduces Card-on-File Tokenisation (CoFT) via banks
The Reserve Ban k of India (RBI) has introduced Card-on-File Tokenisation (CoFT) facility through banks. A recent circular from RBI read, “It has been […]
PFRDA permits NPS subscribers to deposit contributions via UPI QR code for D-Remit
The Pension Fund Regulatory and Development Authority (PFRDA) has now allowed National Pension System (NPS) subscribers to deposit their contributions through the Unified Payments Interface […]
HDFC Life and NKGSB Co-operative Bank enter into corporate tie-up
HDFC Life and NKGSB Co-operative Bank have entered into a corporate tie-up enabling NKGSB Co-operative Bank’s customers to avail life insurance products of HDFC Life, […]
Bank of Baroda launches ‘bob BRO’ savings account
Bank of Baroda has launched the ‘bob BRO’ savings account – a zero-balance savings account for students aged 16 to 25 years. The account provides […]
Digital lending systems need self-regulation
“If you are doing business genuinely, you don’t want unethical creatures to creep in,” quipped Raman Aggarwal, in his Keynote Address at the beginning of […]
Capri Global Capital receives corporate agency licence from IRDAI
Capri Global Capital Limited has received a composite corporate agency licence from the Insurance Regulatory and Development Authority of India (IRDAI) to distribute life, general […]