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

NPCI, UPI, Rupay, National Payments Corporation of India, UPI lite, banking, BFSI

NPCI eyes Rupay, UPI expansion to 10 countries

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

November 20, 2024 04:45 IST

BFSI, flex spaces, office space, leasing, absorption rate, new completion, rentals, construction activities

BFSI, flex spaces emerge as key demand drivers for office spaces during Q3 2024, says report

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

November 19, 2024 12:11 IST

Indian government, stake sale, state-run banks, BSE, SEBI, QIP, banking sector

Govt plans minority stake sale in four state-run banks, source says

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

November 19, 2024 11:01 IST

Banking, RBI, Reserve Bank of India, BFSI, banks, finance, banking sector

RBI’s Shaktikanta Das cautions banks against mis-selling

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

November 19, 2024 01:15 IST

FM, Banking, BFSI, SBI, GDP, State Bank of India, Banks, MSME, RBI

Banks must make interest rates affordable: Finance Minister Nirmala Sitharaman

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

Updated: November 18, 2024 20:22 IST

Aim is to be the most affordable forex player in India: Revolut India

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

November 18, 2024 03:30 IST

Muthoot Fincorp to include mortgage, digital in products portfolio

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

Updated: November 18, 2024 14:20 IST

banking, RBI, Reserve Bank of India, VRRR, VRRR auctions, banks, Karur Vysya Bank

VRRR auction gets muted response from banks

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

November 15, 2024 03:45 IST

VA Tech Wabag, order, Bahrain, Industrial Wastewater Treatment Plant, O&M portfolio

Municipal corporations’ borrowings from financial institution rise over 4x in five years

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

November 14, 2024 02:30 IST

RBI, RBI MPC, RBI MPC Meeting, repo rate, rate cut, interest rate, Shaktikanta Das, inflation, GDP growth, liquidity, CRR cut, OMO purchase, government capex

RBI retains SBI, HDFC Bank, ICICI Bank in ‘too-big-to-fail’ list

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

November 13, 2024 19:49 IST

Banking, Banks, Shriram Life Insurance, Insurance, Shriram Finance, Shriram Group

‘High surrender value to have short-term negative impact’

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

November 13, 2024 03:00 IST

Banking gains! Public Sector Banks report 11% growth in first half of FY25

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

November 12, 2024 19:55 IST

Bank of India posts 63% jump in net profit

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

November 12, 2024 02:30 IST

Life insurers’ new business premium grow 13% to Rs 30,348 crore in Oct

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

November 10, 2024 00:30 IST

Shriram Life, banking, Banks, Sanlam Group, policy, SLIC

Shriram Life posts Rs 50 crore net profit in H1FY25

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

November 9, 2024 01:00 IST

PB Fintech, Policy Bazaar, loan, Paisabazaar, Finance, PB Health, ICRA, Banking

PB Fintech to cut costs at Paisabazaar amid unsecured loan slowdown

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

November 7, 2024 03:00 IST

The manufacturing sector’s growth decelerated to 2.2%, down from 14.3% in the same quarter last year.

SBI report pegs Q2 growth at 6.5 per cent

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

November 7, 2024 00:05 IST

Banking, BFSI, equities, MSCI Global Standard, BSE, NSE

Banks lead as equities see relief rally

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

November 6, 2024 01:45 IST

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