Page 12 of Banking, Financial Services and Insurance (BFSI) News

Currently, UPI is available in seven countries — France, the UAE, Singapore, Bhutan, Sri Lanka, Mauritius and Nepal.

BFSI and Flex Spaces accounted for 39 per cent of the pan-India absorption in Q3 2024, reporting a growth of…

The finance ministry is likely to seek approval of the federal cabinet in the coming months to dilute the stake…

Keeping India’s goal of becoming a more inclusive economy by 2047, banks should align their strategies with the developmental aspirations…

Exuding confidence about the country’s economic growth, the finance minister said that high-frequency indicators are pointing to strong activity on…

Tiger Global-backed Revolut had set up shop in India in 2021 and received an in-principle approval for Prepaid Payment Instrument…

Muthoot Fincorp currently operates over 3,700 branches, primarily in southern and central India. The company is looking to expand its…

The banking system’s liquidity surplus has exceeded the Rs 2 lakh crore mark, which has prompted the RBI to conduct…

Municipal bonds worth Rs 4,204 crore were outstanding as on March 31, 2024 (0.01% of GDP) as compared to Rs…

HDFC Bank, the largest private sector lender, continues to be bracketed in bucket 2, under which it will have to…

The industry focuses on products that offer guaranteed returns to higher-income segments, which is a very competitive space.

The Ministry of Finance highlighted these figures in a statement on Tuesday, showcasing growth in various financial metrics.

Total income increased to Rs 19,872 crore, compared with Rs 16,659 crore in the year-ago period. Net interest income increased…

Life Insurance Corporation of India (LIC), the country’s largest life insurer, saw a 9% YoY rise in new business premiums…

Individual new business Annualized Premium Equivalent (APE), a key metric for assessing new policy growth, rose by 57% to Rs…

The slowdown in unsecured loans stems from banks’ cautious stance due to rising bad debts and an RBI directive to…

In Q2, domestic passenger vehicle sales, an indicator of urban demand, as well as other indicators of consumption — diesel,…

Foreign portfolio investors sold shares worth Rs 2,569.4 crore on Tuesday while domestic institutional investors bought Rs 3,031 crore of…