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Latest Articles in Banking Finance

FIDC Suggests Relaxing Norms for NBFCs at GIFT IFSC

The representative body of NBFCs has argued in favour of making amendments to the RBI master circular of July 2014 dealing with the Opening of Branch/Subsidiary/Joint Venture/Representative office or Undertaking Investment Abroad by NBFCs

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Towards Better Anti-Bribery And Compliance Programmes

Corporates need to set up a comprehensive Anti-Bribery and Corruption (ABC) compliance programme and keep it updated to ensure that ethical business practices are followed.

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India's Smartphone Insurance Market To Reach USD 500 Million By 2025: RedSeer

'India's smartphone insurance market of about USD 140 million (about Rs 1,030 crore) is expected to grow over 3.5x to reach about USD 500 million by 2025 – a CAGR of about 29 per cent,'

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Canara Bank Sets Floor Price Of Rs 103.50 Per Share For QIP

The bank had received shareholders' nod in its annual general meeting, held in August, for raising up to Rs 2,000 crore by way of QIP.

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Moody's Terms HDFC Bank's Multiple Digital Outages 'Credit Negative'

Banking sector regulator Reserve Bank of India (RBI) had asked the bank to temporarily stop all launches under its digital 2.0 initiative and stop sourcing new credit card customers.

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CBI Registers Case Against Unitech MD In Canara Bank Fraud; Carries Out Searches

The company is facing multiple probes by several agencies including Delhi Police, CBI and the ED.

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Next Year Budget To Be Prudent; Growth Oriented, Says RBI Governor

In view of unprecedented pandemic and its impact on the economy, he said the government has maintained fiscal prudence in the response to deal with the crisis.

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Impact on Housing—Unchanged Repo Rate Encouraging for Home Buyers: Experts

An unchanged repo rate to ensure that home loan interest rates will not harden anytime soon. It will help homebuyers avail the benefit of prevailing lowest mortgage rates, say experts

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RBI Keeps Key Rates Steady As Expected

The monetary policy committee also decided to retain an accommodative policy stance at least for the current financial year and into the next year to revive growth on a durable basis

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RBI Likely To Keep Interest Rates Unchanged, May Revise Growth Projections: Industry Experts

The RBI, however, is expected to revise its growth projections as the second quarter GDP numbers at (–) 7.5 per cent worked to be better than its projected contraction.

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RBI asks HDFC Bank to stop launch of digital activities, sourcing new credit card customers

RBI order 'has advised the bank to temporarily stop all launches of the digital business-generating activities planned under its program Digital 2.0 and other proposed business generating IT applications and sourcing of new credit card customers

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The Future Looks Promising For Life Insurance Industry: Rushabh Gandhi, IndiaFirst Life Insurance

In an interview with BW Businessworld, Rushabh Gandhi, IndiaFirst Life Insurance, talks about Life Insurance ecosystem in India, challenges and more about the industry during Covid-19

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Invest For The Long Term And Have Reasonable Expectations Of Returns: Hiren Ved, Alchemy Capital Management

In an interview with BW Businessworld, Hiren Ved, Director, CEO & CIO, Alchemy Capital Management, talks about equities, retail investors and more

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Union Bank Completes Integration Of All Branches Of Corporation Bank With Itself

Union Bank of India said the entire migration has been completed at a record time with least inconvenience to customers, without effecting any change in their account numbers, debit cards or net banking credentials.

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