SBI seeks RBI relief on inoperative accounts As per the current norms, a savings or current account is classified inoperative if there is no transaction carried out… 10 months agoDecember 4, 2024
Banking worries! Credit growth falters, may stabilise around 11-12% for FY25, says SBI The report indicates a sharp decline in both incremental credit and deposits compared to the previous year, pointing to a… 10 months agoDecember 3, 2024
NBFCs asset growth to moderate to 15-17 per cent over two years Housing finance companies (HFCs), focusing on the affordable segment, are expected to grow at a faster compound annual growth rate… 10 months agoDecember 2, 2024
PhonePe discontinues ties with Juspay, to go with direct integration A payment orchestrator operates the platform which routes these transactions through the right aggregator, depending on higher success rates. 10 months agoDecember 2, 2024
RBI lifts loan disbursal curbs on Sachin Bansal’s Navi Finserv In a statement, Navi Finserv said that it has worked to address identified deficiencies, and revamp its processes and systems,… 10 months agoDecember 2, 2024
Govt seeks comments on raising FDI limit to 100% in insurance The proposal further mentioned that the requirement of Net Owned Funds for foreign reinsurers is also proposed to be reduced… 10 months agoNovember 29, 2024
Credit focus to be strengthened, PSBs to launch new products: Govt The government has taken several steps in the latest budget including a new credit assessment model for MSMEs based on… 10 months agoNovember 26, 2024
Life insurers may rethink bancassurance strategy Shares of SBI Life and HDFC Life shed 2-4% a day after Sitharaman’s remarks, as over 60% of their premiums… 10 months agoNovember 25, 2024
HDFC Life hit by data breach incident, launches probe In response, HDFC Life has initiated an information security assessment and data log analysis as immediate measures. 10 months agoNovember 25, 2024
BUSINESSNEXT launches AI platform AGENTNEXT for BFSI sector BUSINESSNEXT launches AGENTNEXT, transforming BFSI operations with AI-driven solutions. 10 months agoNovember 25, 2024
The hidden charges in international payments for Indian exporters Banks charge wire transfer fees ranging from $20 to $75 per transaction for using the SWIFT network. Additional charges include… 10 months ago
Govt lists Waqf Bill,15 others for Parliament winter session Given that the existing players are not sufficient to cater to the 1.4 billion population, the government will likely introduce… 10 months agoNovember 21, 2024
Is your banking & insurance contact center falling behind? Voice bots are the key to staying competitive In an era where 90% of customers expect near-instantaneous responses to their financial inquiries, voice bots have emerged as a… 10 months ago
India insurtech firms make big strides, post 12x revenue growth in 5 years The report notes that global funding for insurtech has been declining, dropping from a peak of $13.8 billion in 2021… 11 months agoNovember 20, 2024
Almost all banks top Q2 estimates Higher non-interest income, improved recovery from bad loans, lower provisioning costs and improvement in asset quality have also helped lenders… 11 months agoNovember 20, 2024
Cost of funds fall for smaller banks An ease in rates of CDs issued by large banks helped smaller peers raise funds from the market at cheaper… 11 months agoNovember 20, 2024
Kapture CX unveils first multilingual voice bot for BFSI sector, promising cost savings and enhanced customer experience Kapture CX introduces a GenAI-powered multilingual voice bot to improve customer experience and operational efficiency in the BFSI sector. 10 months agoNovember 22, 2024
Avoid mis-selling: Bankers should focus on core job, not selling insurance alone, says IRDAI Chief “The banca channel is a very useful channel. But of late, a lot of ills have crept into the system.… 11 months ago
Kotak Mahindra Bank Q4 profit drops more than expected on higher provisions, NII up 5.4%, misses estimates
