Page 16 of Banking, Financial Services and Insurance (BFSI)

Bank Holidays 2024: The week is filled with significant festivals, including Durga Puja, Lakshmi Puja, and Kati Bihu, leading to a series of bank closures.

Bank Holidays in India: Will banks be closed from October 14-17? Details inside

Bank Holidays 2024: Are Banks Closed form 14 to 17 October? If you plan to visit your bank during the…

Updated: October 14, 2024 16:56 IST

New Frontier: Decoding Big Four’s AI odyssey

The Big Four — Deloitte, EY, PwC and KPMG—have robust AI initiatives to improve their services and offer advanced solutions…

October 14, 2024 13:44 IST

Life insurers’ new business premium grows 14 per cent in September

In the private sector, SBI Life Insurance led with ₹2,991.77 crore in new business premiums in September, followed by HDFC…

October 12, 2024 05:30 IST

UPI, Banking, BFSI, UPI transaction, PhonePe, Google Pay

UPI transaction volume rises 52 per cent, value up 40 per cent in H1: Report

The average ticket size of UPI transactions in the first half of 2023 was Rs 1,603, which fell to to…

October 11, 2024 03:15 IST

UPI, UPI Lite, Bank, Banking, Transactions

Transaction limits for UPI 123Pay, UPI Lite raised

Industry experts view this as a positive step to for the underserved categories such as senior citizens and users from…

October 10, 2024 02:45 IST

GDP, Banking, BFSI, FE Best Banks Awards, CPI

Indian regulators doing ‘world-class job’: Finance Minister

On the stagnant share of manufacturing at 15-16% of the GDP over the last decade and more, Sitharaman said production-linked…

October 9, 2024 06:00 IST

Insurance, National Insurance, HDFC Ergo, Bajaj Allianz, Banking

PSU insurers lead drop in September non-life premiums

The combined gross direct premiums of private general insurers stayed flat at ₹14,859.73 crore during the month under review.

October 9, 2024 00:05 IST

Securitisation volumes, banks, banking industry, NBFC, housing finance, private banking, credit-to-deposit ratio, disbursements, deposit accretion, asset quality

Securitisation volumes to likely reach Rs 60,000 crore in Q2FY25, says ICRA; Here’s what’s driving growth

The sharp increase in the quarterly volumes, ICRA said, has been fuelled by large private banks selling down their portfolio…

October 8, 2024 11:11 IST

UPI accounts for over 80% of retail digital payments

How UPI-linked credit can help banks lead the pay-later market

The appeal of Pay Later services lies in their ability to eliminate the need for credit cards, provide instant approval,…

October 8, 2024 11:10 IST

FE Best Banks Awards, Banking, Banks, IBC, RBI

Finance Minister to give away FE Best Banks awards today

The consolidation of 27 public sector banks into 12 banks was a major step towards making the operations of these…

Updated: October 28, 2024 11:45 IST

NBFCs flock to NCDs market; issuance sharply rise after RBI diktat on higher provisioning by banks

Owing to the decline, NBFCs have been exploring alternative routes such as non-convertible debentures, commercial papers, foreign currency borrowing and…

October 8, 2024 03:00 IST

LIC, Bank of Maharashtra, shareholding, QIP, banking operations, market cap, banking sector

LIC raises its stake in Bank of Maharashtra from 4.05% to 7.10% through QIP

LIC informed the exchanges that the holding in the company has touched 5 per cent upon allotment of 3.376 per…

October 6, 2024 10:45 IST

RBI, Monetary Policy Committee, MPC, Bank, Banking, BFSI

October MPC could provide a more balanced commentary on growth and inflation

The RBI has also been able to delay any policy easing because financial conditions are not tight by historical standards,…

Updated: October 5, 2024 07:23 IST

RBI, Reserve Bank of India, Banks, Banking, Loans

RBI has flagged top-up loans without fresh appraisals

The central bank has raised concern over valuation of gold without the presence of customers, especially in loans granted through…

October 4, 2024 20:25 IST

Banks to boost cloud investments, yet underutilisation remains significant: Infosys

Cloud services are primarily being employed in areas like loan origination, underwriting, and managing card payment systems, according to the…

October 4, 2024 05:45 IST

RBI, Piramal Finance, Banking, BFSI, Piramal

Piramal Finance plans to diversify lending portfolio

As of June end, the company’s retail AUM stood at Rs 50,530 crore, with housing loans accounting for around 45%…

October 4, 2024 03:15 IST

PNB, Yes Bank, Banking, BFSI, South Indian Bank

PNB, Yes Bank, South Indian Bank log healthy growth in Q2 advances

PNB reported an 11.4% increase in total deposits to Rs 14.59 lakh crore against Rs 13.09 lakh crore at the…

October 4, 2024 02:15 IST

NFRA seeks to enforce scalable audit system

The ICAI had earlier floated a paper on SQMs, the modern version of the extant Standard on Quality Control (SQCs),…

October 3, 2024 06:00 IST

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Explained | Wintrack’s bribe allegations put Indian ports in the dock — CBIC under fire

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Chennai Customs officials are accused of corruption and demanding bribes by Wintrack Inc, a logistics firm. The government denies any wrongdoing and blames the importer for misdeclaration and misclassification. However, the founder of Wintrack Inc, Prawin Ganeshan, stands by the allegations and presents evidence of bribes paid.

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