BUSINESS
RBI Policy: No fireworks expected, days of easy money may be over, say top economists
As the Reserve Bank of India’s Monetary Policy Committee meets October 6-8, leading economists said the central bank will possibly moderate surplus liquidity without tightening it too much.
BUSINESS
Explained | The Srei Group case – Why the RBI superseded boards of 2 NBFCs
The banking regulator will soon initiate the process of resolution for both companies, which it said were superseded because of governance issues and payment defaults.
BUSINESS
Indian banks, fintech firms upgrade collaboration to acquisition of equity stakes
Banks have become serious about how they collaborate with fintech companies and derive the maximum value out of these partnerships. Acquiring a stake in the new-age companies is one way of doing it and banks are looking to go big on this.
BUSINESS
With Axis Bank's know-how and reach, Max Life will be on a journey of multi-year expeditious growth: Max Life MD & CEO
The opportunities of synergies with Axis Bank are humongous. says, Prashant Tripathy. Digital, he says, is a big play for Max Life, and currently, the organisation is on a multi-year programme to completely digitise its operations and sales.
BUSINESS
With DHFL acquisition, Piramal to focus on affordable housing segment
They will primarily focus on increasing their lending book and as far as the mix is concerned, it will be 50:50 retail and wholesale.
BUSINESS
Regulatory perimeter should be widened with evolving functions of fintechs: RBI Dy Governor T Rabi Shankar
The Dy Governor has said cyber-security risks are likely to overshadow financial risks because of dependency on technology.
BUSINESS
Fintechs improve efficiency of financial intermediation, but banks still core of payments systems: RBI Dy Gov
Competition remains within the banks, between banks who leverage fintech better and banks who are not good at leveraging fintech, said RBI Deputy Governor T Rabi Shankar
BUSINESS
Banks, payments ecosystem players gear up to meet October 1 deadline on e-mandate rules
The recurring payments deadline is going to hit on October 1 after the Reserve Bank of India had, in March 2021, postponed the implementation. According to experts, an industry-wide adoption will ensure smooth transition.
BUSINESS
What is the Yes Bank and Dish TV case about?
Yes Bank, which holds 25.63 percent in Dish TV, seeks to appoint new independent directors and the removal of MD & Director Jawahar Lal Goel.
BUSINESS
What’s driving banks to go big on credit cards?
According to bankers and industry experts, the growth momentum in the credit card business is expected to continue and double in next 18-24 months from current levels.
BUSINESS
Banks rush to slash home loan rates to woo home buyers
Top banks have slashed their home loan rates which are at historic low levels in the recent past. Demand for affordable housing, big homes and a slow growth in corporate lending is driving banks towards home loans..
BUSINESS
Interview | IndoStar Capital bets big on commercial vehicle finance, charts out five-year plan
Brookfield-backed IndoStar Capital plans to bring down its corporate book to zero by March 2023, and is betting big on retail. Co-existence of banks and NBFCs, its top executive believes, is necessary as banks have liability strength and NBFCs have asset-side strength.
BUSINESS
Banks' bad loan books to get cleaner with proposed bad bank framework, says experts
NARCL will aggregate NPAs in banks' balance sheets and manage and dispose of them professionally, thus cleaning up banks' balance sheets, said Finance Minister Nirmala Sitharaman.
BUSINESS
Explainer | What do banks and insurers do with unclaimed amounts?
As per the RBI norms banks have to transfer the unclaimed deposits to Depositor Education and Awareness Fund, while IRDAI guidelines require Insurance companies to transfer unclaimed amounts to Senior Citizens’ Welfare Fund.
BUSINESS
NBFC sanctions jump in the first quarter, but outlook remains challenging
Non-banking lenders have seen a strong demand pick up but lockdowns have affected asset quality and the outlook hinges on the potential third wave.
BUSINESS
Private life Insurers saw strong growth in August; LIC's first-year premium dropped
The life insurance sector's Annual Premium Equivalent grew at 15 percent y-o-y in August 2021.
BUSINESS
Explained | What are the new trade credit insurance guidelines?
Trade credit insurance helps businesses cover the risk of non-payment for goods and services by buyers.
BUSINESS
RBI tweaks guidelines on tokenisation of card transactions
The central bank extended the tokenisation guidelines to Card-on-File tokenisation services and said tokenisation of data should be done with explicit customer consent.
BUSINESS
Interview | Third wave won't impact new business: Kamlesh Rao, Aditya Birla Sun Life Insurance
The private insurer has set its Value of New Business margin expectations at 12 percent and is bullish on strengthening its bancassurance channel.
BUSINESS
Explained | Account aggregator system goes live: What is the way ahead?
Account Aggregator participants believe that a viable commercial model and collaborative effort will bring the UPI moment in other financial products like lending and wealth management.
BUSINESS
HDFC Life CEO explains rationale behind Exide Life Insurance merger
HDFC Life Insurance is set to acquire Exide Life Insurance for Rs 6,687 crore
BUSINESS
Need objective framework for assessment of recovery process: IBBI Chief
Interested parties reflecting their assessment may represent a distorted image of the process, said Insolvency Bankruptcy Board of India’s Chairperson, MS Sahoo.
INDIA
Madras High Court puts its mandatory bumper to bumper insurance order in abeyance
Last week the Madras High Court had ruled that from September 1, "bumper-to-bumper" insurance should be mandatory whenever a new vehicle is sold.
BUSINESS
Interview | General insurance poised to grow with economy, medical inflation needs tracking: Tapan Singhel, Bajaj Allianz General Insurance
Bajaj Allianz General Insurance’s Tapan Singhel talks about his outlook on the industry, pricing on health and motor insurance, and growth.
