New Delhi: Finance Ministry will take a call on Rs 3,000 crore capital infusion this fiscal based on financial performance of three loss-making public sector […]
Tag: bfsi
Bajaj Finance hikes FD Rates, offers 8.6% to seniors
Fixed deposit investors are in for good times with Bajaj Finance raising rates by up to 40 basis points. The NBFC will now offer 8.35% […]
Bank of Baroda launches electronic bank guarantee on its digital platform
State-owned Bank of Baroda on Wednesday announced the launch of electronic bank guarantee (e-BG) on its BarodaINSTA platform, in partnership with National E-Governance Services Limited […]
Canara Bank to spin off its credit card vertical into a separate subsidiary
State-owned Canara Bank is set to spin off its credit card vertical into a separate subsidiary while it has started preparing a roadmap for listing […]
Digital transactions on the rise, but banks ‘branch out’ to drive growth
Banks have brought the focus back on physical network expansion as they aggressively open branches belying expectations that growing digital transactions could reduce the dependence […]
New cross-border risks need new approaches: Economists
New cross-border challenges, including climate change, pandemics, fragility and migration require new finance capacity and approaches, according to economists NK Singh and Larry Summers. The […]
India’s forex reserves at comfortable level due to RBI, dollar: Economists
India’s foreign exchange reserves are at a comfortable level currently, benefiting from the Reserve Bank of India’s persistent intervention and the likelihood of less volatile […]
Give banks capital leeway for insurance-backed trade finance products: IBA to RBI
Mumbai: To boost trade credit insurance penetration in the trade finance line of business, the Indian Banks’ Association has sought assistance from the Reserve Bank […]
UPI Lite has gained traction on Paytm, says fintech company
Fintech major Paytm has garnered six million customers within three months of the launch of UPI Lite on its payments app. Additionally, the company is […]
GST violations case: Finance ministry refuses to act on insurers’ plea, refers matter to Irdai
The finance ministry has declined to intervene in a plea for relief made by the insurance industry, which is facing penal action from tax authorities […]