Mumbai, Aug. 5 -- The Reserve Bank of India (RBI) is conducting a pilot to test polymer banknotes in Indian conditions, with the aim of rolling them out by 2027-28, governor Sanjay Malhotra said on We... Read More
Mumbai, Aug. 5 -- The Reserve Bank of India (RBI) plans to draft rules to standardize the pricing of loans by regulated entities, aiming to improve transparency and consumer protection, governor Sanja... Read More
Mumbai, Aug. 3 -- The finance ministry has proposed amendments to the Payment and Settlement Systems Act, 2007, that could pave the way for the return of merchant discount rate (MDR) on unified paymen... Read More
Mumbai, July 30 -- The Reserve Bank of India (RBI) has allowed banks to offer different interest rates for various categories of bulk deposits of Rs.3 crore and above, based on their run-off risk, giv... Read More
Mumbai, July 25 -- Promoter Warburg Pincus has entered into a definitive agreement to sell its 26% stake in IndiaFirst Life Insurance to BNP Paribas Cardif, which is set to re-enter the Indian insuran... Read More
New Delhi, July 24 -- Mumbai - The recent settlement of the legacy litigation case of NMC Group was based on the commercial consideration for the bank and expectation of a long legal overhang on the l... Read More
New Delhi, July 22 -- IndusInd Bank aims to end the current financial year with a 1% return on assets (RoA) on the back of lower expenses, growth in retail loans and liabilities, and AI-led operationa... Read More
Mumbai, July 19 -- After spending the past few years building its artificial intelligence (AI) capabilities in-house, Piramal Finance is beginning to see the payoff, with managing director and chief e... Read More
Mumbai, July 18 -- Axis Bank expects its share in foreign currency flows through the Reserve Bank of India-backed scheme to be higher than its overall share of business. "As a franchise, we are comfor... Read More
New Delhi, July 16 -- India's bancassurance engine is beginning to lose momentum, with slower sales at key partner banks weighing on two of the country's largest life insurers even as agency and other... Read More