The Hindu Businessline

The scheme allows up to 30% of an investors corpus to be earmarked for medical expenses

Lending to a REIT by a bank can only be by way of loans not involving bullet or ballooning principal repayments

It is an honour to get the opportunity to lead a bank as reputed as this, says CEO-designate Vijay Anandh

Bankers had sought tweaks to the draft acquisition finance guidelines

He succeeds Hasmukh Adhia, who had been serving as the non-executive chairman since June 19, 2023

RBI data shows sharp fortnight rise reversing earlier dip, reflecting stronger economic activity

There should be a clause in Private Placement Memorandum stating that the Capital (including any proceeds) received from Insurer shall not be drawn down, utilised or pledged for any investment outside India, IRDAI said in a circular

Nomura has raised its inflation projection for the next fiscal year, which begins in April, to 4.1% from 3.9% based on the old series

The fintech infrastructure provider secured a mandate to acquire and operate a UPI switch for a large cooperative bank and won a Hardware Security Module implementation order from a central payment body

Muthoot Finances AUM rose 50 per cent y-o-y to 1.44 lakh crore

These programmes will be tailored for IOBs top executives, senior management and selected officers,

Fear of mis-selling will entail not just refunding amounts taken from the customer, but also shelling out compensation could keep the enthusiasm of banks to push third-party products such as insurance, mutual funds and pension under check

This success reflects the increasing acceptance of gold loans as a convenient, trusted, and secure credit solution for a diverse customer base, says company MD George Alexander Muthoot

The standalone performance of the company also remained strong, with AUM at 48,122.22 crore, PAT at 1,056.65 crore, and revenue at 5,733.01 crore till December 2025

Although inflation remains well below RBIs 4% target, the new figures could prompt it to hold off on any further rate cuts and push up bond yields further

The shares of the bank rose 3.2% on Wednesday with over 2.9 crore shares being traded

Banks must ensure that employees / direct selling agents do not push the sale of products and services

UBS has offices in Pune (Kharadi), Navi Mumbai (Airoli) and Hyderabad (Gachibowli)

He emphasised that ethics is what stops small compromises from growing into larger problems

Type-1 NBFC means NBFC not availing public funds and not having any customer interface and holding Certificate of Registration as Type-1 NBFC issued by the Reserve Bank

The private sector insurer has launched a new Unit Linked Insurance Plan, along with a Mid Cap new fund

As per the draft amendment directions for UCBs, the central bank also proposes to revise the aggregate ceiling for unsecured advances to 20 per cent of total loans & advances from the extant ceiling of 10 per cent of total assets.

Interest income down a tad at 792.06 crore

The asset quality indicators strengthened during the quarter, with gross NPA easing to 4.38 per cent in the December quarter compared with against 4.61 per cent in September.

Nido is present across 800 talukas (sub-districts) in India, and currently manages an AUM of 4,804 crore (approximately $530 million)

The microfinance companys net profit in the reporting jumped about 105% from the preceding quarters (Q2) 30.52 crore

Further, MFIs have also requested the RBI to allow bio-metric enabled Aadhar card as a borrower authentication document

RBIs approval letter to CUB, as seen by businessline, mentions the remuneration to be a fixed pay of Rs 2.50 crore per annum including perquisites.

Banks may increase the limit for loans up to 25 lakh as per their internal policy

Financial Literacy Week 2026 will be observed between February 9 and 13, 2026, across the country.

The bank will not charge individual borrowers for prepayment/ part-payment on floating rate car loans

The funds maintain 70-100 per cent allocation to equities and equity-related instruments, with the remainder in cash and money market instruments

The new norms can improve the return on ayssets by almost 4 basis points (bps) for strong banks with a long operating history

The Bank recently received RBIs approval to establish a wholly owned subsidiary for undertaking SPD business by infusing capital of up to 2000 crores

The report noted that recent RBI policy signals show the Monetary Policy Committee is now prioritising growth support and financial stability over further rate cuts