The Hindu Businessline News

Among the major changes brought about by the Bill are empowerment of IRDAI to cap the commission to be given to the agent, disgorging wrongful gain from the insurer or insurance intermediaries

The OFS is set to take place over two days - Dec 17 and 18, 2025.

By facilitating the inflow of stable, long-term foreign capital, the amendments are expected to strengthen insurers financial capacity

As the Reserve Bank of India raises concerns over the risks and implications of stablecoins, we delve into their unique characteristics compared to traditional cryptocurrencies like Bitcoin, and explores the central banks rationale for opposing their integration into the Indian financial system

The move reflects a broader push by fintech and crypto companies to seek bank charters to expand their business

Bitcoin fell as much as 3.3% to $85,5787 on Monday, and is down around 30% from its record high of more than $126,000

The bank said the RBI has granted permission to HDFC Bank, as the promoter and sponsor of various group companies, to acquire an aggregate holding of up to 9.50% of the paid-up share capital or voting rights in IndusInd Bank

The revamped Yono app, which works across mobile, tablet and desktop platforms, is aimed at competing with payment majors such as Google Pay and PhonePe

SBIs board is led by the Chairman and supported by four managing directors overseeing the banks key verticals.

This suggests that banks currently do not see a pressing need to draw additional liquidity through longer-tenor VRR operations, as systemic liquidity remains comfortable at over 2 trillion

The Bank has accepted his resignation and relieved him from his duties with effect from close of business hours on Monday

The firm is expanding its team of bankers across locations to cater to the growing needs of high-net-worth individual and ultra-high net-worth individual clients: Banks affluent banking unit head

The company has launched a new insurance product, Galaxy Twin 360, a health insurance programme for young adults aged 1845 years

In talks with MUFG, Sanlam Group, Abu Dabhi Investment Authority, Temasek and other investors

Younger investors continue to dominate activity in Karnataka, aligning with national demographic trends

The platform will enable the bank to centrally manage and update communication templates and implement changes consistently across its network.

As the Reserve Bank of India prepares for its $5 billion dollar-rupee swap auction, soaring hedging costs are anticipated to dampen corporate enthusiasm

Aims to reach smaller cities and onboard 50,000 additional business partners

Headline inflation appears to have bottomed out in October but is expected to remain well below the RBIs 4% target for the rest of the year

Trump expressed that the next Fed chair should consult him on interest-rate decisions, arguing that past presidents were routinely involved in such discussions

The bank has reduced the interest rate on its 23-year term deposits by 5 basis points to 6.40 per cent, while its special 444-day Amrit Vrishti deposit scheme now carries 6.45 per cent, down 15 bps.

The banks External Benchmark Lending Rate - specifically the Repo linked lending rate - has been cut by 25 basis points from 8.35% to 8.10%

Instead of stablecoins, Sankar advocated for Central Bank Digital Currencies as the superior alternative.

Low deposit returns push customers toward equities, bonds and MFs

The proposal for a composite licence, once approved, will be a big shift in the evolution of the sector

Shukla, who has more than three decades of experience in housing and mortgage lending, will replace Girish Kousgi

The bill may be introduced in the ongoing Winter session of Parliament, which is slated to conclude on December 19

The rupee on Thursday closed at a record low of 90.4825 per US dollar

Banks can now offer cash credit account to customers basis their needs without any restrictions. Further, a bank may maintain current account or OD account without any restriction in case of customers with less than 10 crore exposure to banks.

Stronger dollar and persistent foreign outflows kept pressure on the domestic currency

The aforementioned OMO purchase auction is part of the liquidity injection measures announced by the RBI in its bi-monthly monetary policy review.

The purchase is part of RBIs plan to inject one trillion rupees worth of liquidity via bond purchase and $5 billion equivalent via a foreign exchange swap this month

The fund house is a joint venture between ICICI Bank, Indias second-largest private lender, which holds 51% and Prudential, which owns the rest

With incomplete economic data after a lengthy government shutdown, the Fed expects inflation to ease to around 2.4% next year even as growth strengthens.

Indian Digital Payment Intelligence Corporation will be established as a Section 8 company (a special type of non-profit organisation) under the Companies Act, 2013

The Banker says BoB has improved customer experience by enhancing its phygital banking services

The base issue size was 1,000 crore with a green shoe option of 1,500 crore

Mehta, former chairman at YES Bank and Punjab National Bank, steered IndusInd through its leadership crisis earlier which unfolded after the bank reported discrepancies in its derivatives portfolio which led to around Rs 2,000 crore impact on balance sheet.

More than half of the fund has already been committed, and the firm is actively looking to deploy the remaining capital into founders building high-conviction solutions across the energy transition spectrum

Ageas Federal, a joint venture between the Ageas Group and Federal Bank that began operations in 2008, operates through 3,770-plus branches including partner bank branches

The campaign promotes four retail banking products: home loans, car loans, MSME loans through bob Digi Udyam, and the bob Masterstroke Lite Savings Account

The digital segment has grown at a 45% compound annual growth rate over the past two years, driven primarily by partnerships with fintech companies targeting small merchants, gig workers, and self-employed borrowers

Indian banks are holding 78,000 crore of unclaimed money, while insurance companies have nearly 14,000 crore lying unclaimed

IndusInd Banks board has faced criticism from investors over shortfalls in oversight and delay in disclosing the accounting lapses in its derivative portfolio, which led to the hit to the banks accounts

When the company opens a new presence in a Tier 3 city, the outlet is able to break even in as early as 18 to 24 months, Edelweiss AMCs CEO Radhika Gupta said