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Nirmala Sitharaman said the bank nationalisation done in 1969 has not yielded the desired result as far as financial inclusion was concerned
HDFC Life's non-par share declined sharply to 18 percent in H1FY26 from 32 percent a year ago, a deviation in an otherwise uniform industry tilt toward guaranteed-return products.
Kromhout called the government’s move to reduce GST on individual term insurance policies from 18 percent to zero a 'landmark decision' that would make pure protection products more affordable and expand industry penetration.
Ajai Shukla has held multiple leadership roles across Tata Capital and its housing finance arm. An official announcement regarding the appointment is expected shortly, it is learnt.
The local currency has remained towards 88.70 in the last few weeks amid pressure from the Asian currencies.
Canara Bank MD and CEO also said the lender is preparing to capitalize on the opportunities in the M&A financing space.
MUFG likely to invest $3-4 billion in India’s largest vehicle financier; Japanese lender will infuse fresh capital into the lender and secure two board positions.
CEO Animesh Das said the company plans to significantly scale up this share in the coming quarters, although refraining from providing any specific guidance
UPI’s future hinges on whether policymakers allow it to stand on viable economic legs
The Reserve Bank of India (RBI) had announced the withdrawal of Rs 2,000 denomination banknotes from circulation on May 19, 2023. Rs 2,000 banknotes continue to be legal tender.
The bank is keeping a close watch on fluctuations in gold prices but does not expect any significant impact on its loan-to-value (LTV) ratios or portfolio performance in the near term, Chand said.
Bank of Baroda Q2 results: Asset quality improves
Capital, equity, etc. are not concerns of RBI was the view that the central bank seemed to hold for a long time. The new regime and its thinking is proving this belief wrong, making for a welcome change
On October 30, the lender has informed exchanges that ratings agency ICRA has assigned ‘AA+’ ratings with ‘Stable’ outlook for the Basel-III compliant Tier-1 bonds.
The supreme court is expected to deliberate on possible enforcement mechanisms and policy reforms to address the large-scale non-compliance of motor insurance in India.
Market participants have said that the narrowing rate differential between TREPS and RBI’s VRR auctions has made the former route a more attractive option.
Asian currencies were mostly higher on Friday, with the offshore Chinese yuan at 7.11 to the U.S. dollar
Further, the managing director and chief executive officer Asheesh Pandey said there is no communication from the government on the consolidation of the state-owned banks.
US Federal Reserve’s by 25 bps rate cut has increased the scope for policy flexibility for emerging markets like India, however, economists believe the Reserve Bank of India (RBI) will keep its focus on growth and inflation in framing the policy stance at the upcoming December monetary policy meeting.
The Yes Bank-SMBC and RBL-Emirates NBD deals have opened doors for more such deals to happen in Indian banking ecosystem
Merchant payments (P2M) through the UPI route expanded faster than person-to-person (P2P) payments, by 37 percent to nearly 67 billion transactions, showed the report, as compared to a 31 percent growth in P2P transactions.
India’s payments data for the first half of 2025 shows two very different digital stories.
While 290.37 metric tonnes of gold were kept in safe custody with the Bank of England (BoE) and the Bank for International Settlements (BIS), 13.99 metric tonnes were held in the form of gold deposits, it said.
Gross written premium (GWP) for the quarter stood at Rs 2,667 crore, up 12.6 percent from Rs 2,369 crore in Q2 FY25.
The expense ratio is currently at 29.7% in H1FY26.
