Page 10 of Banking, Financial Services and Insurance (BFSI)

BFSI, banking, FEMA, banks. NRI, gifting securities, RBI, LRS

EXPLAINER | Why banks are wary of trust transfers

Dividends, while permissible under FEMA as current account transactions, add to the outflows of foreign exchange.

December 17, 2024 04:00 IST

Banking, Banks, BFSI, State Bank of India, SBI, TDS, taxes, Bank of Baroda, BOB,

PSBs split over perquisite tax liability for staff

Banks have already communicated with employees that the tax deductions will start next month.

December 17, 2024 02:45 IST

Punjab National Bank, CoC, JSW-Bhushan case, JSW Steel, Supreme Court, resolution plan, Insolvency and Bankruptcy Code, banking sector

PNB launches campaign to revive dormant accounts – Here’s how to reactivate your inoperative account

Dormant or inoperative account refers to an account in which no customer induced transaction has been done for more than…

December 16, 2024 18:34 IST

Panel to identify new set of bad loans for NARCL resolution

The move will improve coordination among banks, and put resolution of stressed assets on the fast track.

December 13, 2024 03:00 IST

Good News! Retail inflation eases to 5.48% in November from 6.2% in October

The drop in the November inflation numbers is primarily on the back of lower vegetable prices and drop in prices…

Updated: December 12, 2024 18:33 IST

Fintech firm Jar’s e-commerce bet takes off

The company, which recently partnered with PhonePe to promote its core digital gold savings feature, is also exploring further partnerships…

December 11, 2024 03:30 IST

Explainer: What the changes mean for banks & depositors

Explainer: What Banking Law Bill changes mean for banks & depositors

One of the key changes proposed by the Bill is to allow bank account holders to nominate up to four…

Updated: December 10, 2024 08:13 IST

Sanjay Malhotra appointed new RBI Governor, to replace Shaktikanta Das

Das had served as the RBI Governor since December 2018 and was reappointed in December 2021 for another three-year term.

Updated: December 10, 2024 10:51 IST

ITI AMC, AUM, hybrid scheme, equity scheme, product offerings, investment solutions, wealth creation

ITI Asset Management Company reaches Rs 10,000 crore AUM in five years

Out of the total AUM of Rs 10,109.47 crores as on December 3,2024, it said, Rs 9,312.52 crore is in…

December 9, 2024 12:13 IST

Financial services drive bulk of MobiKwik’s growth

In FY24, MobiKwik’s financial services segment, including credit and insurance products, accounted for 64% of the company’s overall revenue, up…

December 9, 2024 03:00 IST

RBI rate cut, RBI easing February, Bank of America RBI forecast, JPMorgan RBI prediction, Indian interest rates, RBI monetary policy, Rate cut February 2024, RBI policy news, RBI February outlook, Indian central bank updates, RBI easing February 2024, RBI rate cut prediction, Bank of America RBI forecast, JPMorgan RBI outlook, Indian monetary policy February, RBI monetary easing signals, Interest rate cut RBI February, Bank of America on RBI policy, JPMorgan rate cut analysis, Indian central bank rate update, Will RBI cut rates in February 2024, Bank of America’s take on RBI easing, JPMorgan’s prediction for RBI monetary policy, RBI interest rate cut likelihood February, What signals RBI easing in February 2024, RBI February policy forecast, Rate cut expectations 2024, RBI easing signals analysis, Monetary policy February 2024 updates, Bank of America and JPMorgan RBI predictions, RBI interest rate India 2024, Indian monetary policy news, Rate cut forecast India February, RBI February 2024 policy highlights

Small banks to benefit from MuleHunter.AI

Developed by the Reserve Bank Innovation Hub (RBIH), MuleHunter.AI is an artificial intelligence and machine learning based model which helps…

December 9, 2024 00:50 IST

Reserve Bank of India (RBI) governor Shaktikanta Das

Will RBI governor Shaktikanta Das’ term be extended? Speculation after ‘courtesy’ visit with Finance Minister

Shaktikanta Das has already served 6 years, and may get one more

Updated: December 8, 2024 09:39 IST

The Reserve Bank of India, RBI, Banking, banks, BFSI, non-resident Indians, NRIs, RBL bank

Higher interest cap may have muted impact on NRI capital

India’s foreign exchange reserves have come down reduced from an all-time high of $705 billion as on September 27, 2024…

December 7, 2024 03:30 IST

Banking, BFSI, farmers, loans, animal rearing, poultry farming, fisheries

Hike in collateral-free farm loans a boon to livestock sector

The government has set an agri-credit disbursement target of a record Rs 27.5 lakh crore for commercial banks, cooperative banks…

December 6, 2024 20:27 IST

RBI MPC meet: Is the CRR cut more of a band-aid move for the economy? A detailed analysis

The RBI MPC’s decision to reduce the cash reserve ratio (CRR) to 4 per cent from 4.5 per cent is…

December 6, 2024 15:59 IST

RBI cracks down on digital frauds, introduces AI solution to identify mule bank accounts

RBI launches MuleHunter.AI to combat digital fraud. Discover how it enhances bank security now!

December 6, 2024 11:41 IST

National Financial Reporting Authority, NFRA, Banking, BFSI, KPMG, EY, Deloitte

Audit firms yet to meet many norms: NFRA

Earlier, NFRA had said that during the inspection process, it plans to engage with audit committees and independent directors of…

December 6, 2024 06:00 IST

What is Cash Reserve Ratio and why it is important for you

Explained: How is Cash Reserve Ratio related to inflation

Here is a complete explanation of what is Cash Reserve Ratio and its role in tackling GDP, inflation. Find out…

Updated: December 5, 2024 14:02 IST

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‘India an anchor of stability in a volatile world,’ says RBI Governor Sanjay Malhotra

Policy7 min ago

Reserve Bank Governor Sanjay Malhotra praises India’s strong macroeconomic fundamentals and its role as an anchor of stability in a volatile world. He credits the combined efforts of the government, regulators, and regulated entities for maintaining low inflation, good foreign exchange reserves, and a strong banking and corporate sector.

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