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 […]
Tag: bfsi
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, […]
Indian Bank expands digital offerings under ‘Project WAVE’ initiative
Public sector Indian Bank has stepped up its offerings on its digital transformation initiative ‘Project WAVE’ with the launch of Kisan Credit Card loans to […]
SMBC Bank, Oaktree submit EoIs for IDBI’s strategic stake sale
Sumitomo Mitsui Banking Corporation Group (SMBC Bank) of Japan and Oaktree Capital Management are among those that have submitted expressions of interest (EoIs) for the […]
Piramal Finance aims at ‘Budget Bharat’ to expand
One year after the integration with DHFL, Piramal Capital & Housing Finance (PCHF) is repositioning itself as a lender for retail with a focus on […]
Non-bank arms mooted to tackle RBI-ESMA rift
Amid the standoff between the Reserve Bank of India (RBI) and the European Securities and Markets Authority (ESMA), the former is open to the idea […]
Gross direct tax revenue jumps 24.58 pc to Rs 14.71 lakh crore for FY23
India’s gross direct tax collections rose 24.58% to 14.71 lakh crore till January 10 this fiscal, buoyed by an upsurge in personal income tax mop […]
Government likely to get financial bids for IDBI Bank sale by September, DIPAM Secy says
Financial bids for IDBI Bank’s strategic sale is expected to be received by the government in September, said DIPAM Secretary Tuhin Kanta Pandey. Several global […]
RBI says 10 NBFCs surrender registration certificates
The Reserve Bank of India on Wednesday said 10 NBFCs and one asset reconstruction company have surrendered their registration certificates. The 10 Non-Banking Financial Companies […]