Page 25 of Banking, Financial Services and Insurance (BFSI)

Mahindra Finance to foray into insurance distribution

The company will make an initial investment of Rs 5-10 crore towards technology set-up, manpower hiring, training and certification costs.

December 16, 2023 00:30 IST

Public sector bank workers to get 17% hike in wages

FE had, on November 27, reported that employees at public sector banks may see between 15-20% hike in salaries as…

December 9, 2023 02:30 IST

RBI Monetary Policy Meeting August 2023 Live Updates: It is the third bi-monthly RBI Monetary Policy Committee meeting.

Address me just as Governor, drop the Honourable prefix, says Das

Das’ deft handling of the institution has been widely appreciated and he was also ranked the best central banker by…

December 8, 2023 20:20 IST

private credit funds, private investment, alternative investment funds, bankruptcy proceedings, finance companies, RBI, SEBI, venture capital, private equity, real estate funds, foreign direct investment

RBI, BoE sign pact for cooperation related to Clearing Corporation of India

The MoU was signed by RBI Deputy Governor T Rabi Sankar and BoE Deputy Governor for Financial Stability Sarah Breeden…

Updated: December 2, 2023 07:24 IST

Smart Protect Insurance plan: Invest in your child’s education abroad dream

Indian students are increasingly showing interest in studying abroad, embracing a diverse range of courses, global expertise, and unique educational…

Updated: November 27, 2023 17:54 IST

Paytm collaborates with Manipal Academy; launches Fintech Young Leaders programme

The programme spans six months of classroom instruction at the Manipal Academy of BFSI, followed by an additional six months…

November 22, 2023 16:30 IST

IT midcaps, IT midcaps BFSI, BFSI growth, Sonata Software, Coforge,

IT midcaps witness BFSI-led growth as larger peers take a hit

During a recent earnings call, Samir Dhir, CEO and MD, Sonata Software, said: “In the banking space, we are taking…

November 22, 2023 13:23 IST

Jio Financial Services in talks for maiden bond issue – bankers

It has also been recommended to issue bonds not longer than five-year maturity, according to four bankers.

November 21, 2023 16:29 IST

Banks give weak response to RBI’s VRRR auctions

He added that some larger banks have excess liquidity while there are some small and mid size banks which are…

November 9, 2023 05:40 IST

‘Target 1% net non-performing asset ratio by FY24-end’

Q&A: Ashwani Kumar, MD & CEO at UCO Bank

November 7, 2023 03:00 IST

PSU banks’ recoveries from write-offs improve

Punjab National Bank Managing Director and Chief Executive Officer Atul Kumar Goel told FE in a recent interaction that the…

November 7, 2023 02:00 IST

Fino Payments Bank to approach RBI for SFB transition in next two months

Will first focus on small ticket personal, merchant loans upon conversion to SFB

November 4, 2023 04:05 IST

Why did UCO Bank withdrawal circular on NPA borrowers

SBI had also used the same approach to reach out to potential defaulters

November 4, 2023 02:20 IST

Retail loan originations rise 15% y-o-y on strong demand: Report

These indicators include demand, supply, consumer behaviour, and performance.

November 3, 2023 04:15 IST

LIC Housing Finance expects Rs 500-cr recovery in H2

LIC Housing Finance expects its net interest margin (NIM) to moderate in the coming quarter.

November 3, 2023 02:40 IST

UPI transactions surpass 11 billion in Oct on strong festive spending

On sequential basis, transactions rose 8% from 10.6 billion in September. In terms of value, it rose nearly 9% from…

November 2, 2023 05:30 IST

Akhil Handa quits days after BoB World fiasco

“While the decision to move on was made a long time ago, I had to wait until my transition period…

November 2, 2023 00:50 IST

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Maruti, Mahindra will not hike new car prices in January

31 min ago

Maruti Suzuki and Mahindra & Mahindra, the leading players in India’s passenger vehicle market, will maintain stable car prices in January despite rising costs. This is part of a larger strategy to sustain demand after the success of GST 2.0. However, Tata Motors plans to increase prices due to higher input costs, while MG Motor and Honda Cars India are also considering price hikes.

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