IndusInd Bank has been awarded the prestigious Digital Payments Award 2023–24 by the Department of Financial Services (DFS), Ministry of Finance, Government of India, in […]
Tag: Ministry of Finance
India’s first mortgage-backed PTCs listed on NSE
The Ministry of Finance has marked a major milestone in India’s financial market with the listing of the country’s first mortgage-backed Pass-Through Certificates (PTCs) on […]
GIC names Ramaswamy N as new Chairman and MD
The General Insurance Corporation of India (GIC) has named Ramaswamy N as its new chairman and Managing Director (MD), according to the decision made by […]
Ministry of Finance approves welfare measures for LIC agents and employees
The Ministry of Finance today approved a series of welfare measures for the benefit of agents and employees at Life Insurance Corporation of India (LIC). […]
4th G20 GPFI meeting concludes in Mumbai
The 4th G20 Global Partnership for Financial Inclusion (GPFI) meeting, which was held in Mumbai, concluded recently. The three-day meeting from 14th to 16th September, […]
Finance ministry opts to simplify Insurance Act first; industry awaits reforms
Ahead of anticipated major reforms in the Insurance Amendment Bill, the ministry of finance has proposed a separate exercise aimed at simplification of pre-Constitutional enactments, […]
FinMin to take a call on Rs 3,000 crore fund infusion based on performance of PSU general insurers
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 […]
FinMin permits 22 finance cos to undertake Aadhaar-based verification of clients
The Finance Ministry has allowed 22 financial companies, including Amazon Pay (India) and Hero FinCorp, to undertake Aadhaar-based authentication of clients. The ministry, through a […]
Finance ministry sees G-sec yields on downhill trek
The finance ministry expects the yield on government securities – which dropped below the 7% mark for the 10-year paper in intraday trade on Thursday […]
Total exposure of 5 state-run general insurers in Adani group at Rs 347 cr: MoS Finance
Five state-run general insurance companies have a total exposure of Rs 347.64 crore, or 0.14 per cent of their total assets under management (AUM), in […]