Banking & Finance IRDAI flags lapses in health insurance claims, issues show-cause notices, says Report – Here are 8 insurers under scrutiny Banking & Finance
Will RBI governor Shaktikanta Das’ term be extended? Speculation after ‘courtesy’ visit with Finance Minister
Uni Cards suspends services of two products following RBI directive The Reserve Bank had asked the non-bank prepaid payment instrument (PPI) issuers to stop providing credit lines on PPI cards… By PTIAugust 19, 2022 21:36 IST
RBI clarifies on bank privatisation after article draws attention, says views not its but of authors The research paper published in the August 2022 issue of RBI Bulletin said “the gradual approach to privatisation adopted by… By PTIAugust 19, 2022 17:23 IST
SBI sells KSK Mahanadi Power loan account to Aditya Birla ARC for Rs 1,622 crore “SBI initiated open offer e-auction towards sale of fund based exposure of KSK Mahanadi Power Co. Ltd on 100 per… By PTIAugust 19, 2022 15:02 IST
RBI paper wants gradual privatisation of banks Although private banks have been making some inroads in rural areas, their progress remains slow. For example, PSBs’ share in… By FE BureauAugust 19, 2022 06:10 IST
Asset quality of NBFCs worsened in Q3FY22: RBI paper The profitability of the NBFC sector improved in Q3FY22 compared to the corresponding quarter in FY21 as the economy shook… By FE BureauAugust 19, 2022 05:00 IST
Banks, other PSPs to bear cost of lower transaction charges: Analysts Among other things, the paper asks if credit card MDR and interchange should be regulated by the central bank. By Shritama BoseAugust 19, 2022 03:45 IST
HDFC Bank and Punjab National Bank hikes interest rates on deposits PNB increased the interest rate on fixed deposits maturing in one year by 20 bps, from 5.30% to 5.50%, while… By FE BureauAugust 19, 2022 03:15 IST
Big bang privatisation of banks can be harmful: RBI article The government has already announced its intention to privatise two banks. By PTIAugust 18, 2022 20:13 IST
RBI wants stakeholders’ feedback on UPI MDR The discussion paper said there is good reason for the RBI to regulate MDR on credit card transactions, which are… By FE BureauAugust 18, 2022 06:00 IST
Yes Bank invests in startup incubator Venture Catalysts The Beams fintech fund invests in growth stage companies primarily dabbling in the fintech space while the 9 Unicorns accelerator… By FE BureauAugust 18, 2022 04:45 IST
Microfinance sector’s loan portfolio grows 24 pc to Rs 2.75 lakh crore in April-June: Report The microcredit portfolio of banks rose 9.23 per cent to Rs 1,04,762 crore. By PTIAugust 17, 2022 23:09 IST
Government ceding control could impact PSBs’ credit profile, ratings: India Ratings The government’s ceding of ownership and control of public sector banks (PSBs) could have significant implications for their credit profile,… By FE BusinessAugust 17, 2022 18:34 IST
Banking sector earnings dragged by treasury hits, misses expectations; management retains positive outlook April-June quarter earnings of the banking sector failed to meet expectations pinned by analysts. By Kshitij BhargavaAugust 17, 2022 17:22 IST
SBI hikes MCLR by this much; PSBs increase FD interest rates ahead of festive season SBI has raised its marginal cost of lending rate (MCLR) on loans by 20 basis points or 0.2 per cent. By Harshita TyagiAugust 17, 2022 17:21 IST
‘We are now more open to infrastructure financing’ Kotak Mahindra Bank has nuanced its position on project finance and is now participating in a few deals, whole time… By Shobhana SubramanianAugust 17, 2022 07:19 IST
Kotak, Punjab and Sindh Bank hike MCLRs Public sector lender Punjab and Sindh Bank also raised its MCLR in the range of 5-10 bps across tenures. By FE BureauAugust 17, 2022 02:45 IST
RBI clears way for IDBI Bank EoI in September While the Centre is keen to conclude the transaction during the current financial year, it may spill over to next… By FE BureauAugust 17, 2022 01:00 IST
Large lenders increase rural push in search of fresh business SBI chairman Dinesh Khara told FE last week that the bank’s operational support subsidiary, currently in the process of being… By Shritama BoseAugust 17, 2022 00:35 IST
Nano Banana AI saree trend: Ratan Tata’s former manager Shantanu Naidu roasts viral Gemini trend — ‘Tum log India mein hai..’
