New Delhi, Aug. 12 -- Global financial institution Bank of America Corp (BofA) will acquire up to 49.9% in Jio Credit Ltd, the wholly-owned lending subsidiary of Jio Financial Services Ltd, for $1.9 b... Read More
Mumbai, Aug. 11 -- State Bank of India chairperson C.S. Setty on Tuesday warned that the wider use of artificial intelligence (AI) is creating new vulnerabilities for banks, and that oversight, model ... Read More
New Delhi, Aug. 9 -- The Rs.646 crore fraud at IDFC First Bank's Chandigarh branch prompted an unusually direct response from the lender's top management, with managing director and chief executive V.... Read More
New Delhi, Aug. 6 -- Life Insurance Corp. of India Ltd (LIC) delivered stronger profitability in the June quarter, but the country's largest insurer warned that shrinking household disposable incomes ... Read More
Mumbai, Aug. 6 -- Standard Chartered has received in-principle approval from the International Financial Services Centres Authority (IFSCA) to distribute capital market products from GIFT City, the ba... Read More
New Delhi, Aug. 6 -- Bajaj General Insurance and Swiss Re Corporate Solutions have signed a memorandum of understanding (MoU) to explore a commercial insurance partnership in India, the companies said... Read More
New Delhi, Aug. 3 -- Jio Financial Services Ltd (JFSL) will focus on secured lending backed by property and securities before expanding into unsecured credit, with managing director and chief executiv... Read More
New Delhi, July 31 -- Bajaj Finserv Ltd will enter the reinsurance business through a wholly owned subsidiary after its board approved the proposal on Thursday, subject to regulatory approvals, the co... Read More
New Delhi, July 31 -- India's four listed private life insurers reported strong growth in new business in the June quarter, driven largely by one-off group policies sold to companies rather than broad... Read More
New Delhi, July 29 -- The Insurance Regulatory and Development Authority of India (Irdai) has made it mandatory to tag the authorised salesperson to every insurance proposal, policy and certificate, f... Read More