Yes Bank sees scope to expand its net interest margin by 100 basis points over the next three years by raising more low-cost deposits and […]
Category: BFSI
New national coop policy’s revised draft to be prepared with Shah’s inputs
Former Union Minister and Chairman of the National Level Committee for drafting new National Cooperation Policy document Suresh Prabhu, made a presentation to Union Home […]
Proactively process claims related to Balasore train accident: Irdai to insurers
Regulator Irdai has asked insurers to proactively process claims of kins of the deceased or persons injured in the train accident in Balasore, Odisha. The […]
30 regional rural banks get education loan cover
Education loans offered by around 30 regional rural banks (RRBs) will now have the credit shield from the Credit Guarantee Fund Scheme for Education Loans, […]
Bank loan rates drop in April, a first in 11 months
Bank lending rates declined for the first time in April after rising for 11 consecutive months, data from the Reserve Bank of India showed. The […]
As Rs 2000 notes flow back, 80% stay within banking system
Bankers expect a 150-basis-point rise in deposit levels as the initial few days into the mandated exchange of ₹2,000 banknotes showed that almost 80% of […]
Insistence of physical visits to bank branches may be avoided, says RBI committee
Insistence on physical visits, physical presentation of documents for closure of bank accounts may be done away with if the Reserve Bank decides to implement […]
Bank of Baroda launches facility for cash withdrawals using UPI on its ATMs
Bank of Baroda on Monday announced launch of Interoperable Cardless Cash Withdrawal (ICCW) facility wherein a customer can withdraw cash using UPI from the bank’s […]
Transfer of Sahara Life business unlikely to impact SBI Life’s balance sheet
Transfer of liabilities of around two lakh policies along with assets of Sahara Life is unlikely to have a major impact on SBI Life Insurance […]
Gupshup.io enables UPI payments on feature phones; Accelerates financial inclusion for 320 mn feature phones users
Gupshup.io, the leading conversational engagement platform is bringing the convenience of UPI payments for India’s vast swathe of people using affordable feature phones. The company […]