SENSEX
NIFTY
GOLD
USD/INR

Weather

image 20    C

Personal Finance / The Hindu Businessline

Bajaj Allianz Life goes live with BIMA-ASBA

BALIC is the first insurer to go live with the aforementioned facility, per the companys statement

22 Feb 2025 3:41 pm
Lenders cannot levy floating rate loan foreclosure charges on customers, MSEs: RBI

Banks must provide individual borrowers the option to foreclose or prepay all floating rate loans, extended for purposes other than business, without any penalty, an RBI note said

21 Feb 2025 10:13 pm
Accept responsibility of NPA build-up in my tenure: Former RBI Guv Subbarao says

Says FIT framework has worked well in targeting inflation

21 Feb 2025 9:16 pm
RBI announces longer-tenor USD/Rupee swap auction to infuse $10 bn equivalent Rupee liquidity

The liquidity deficit in the banking system can be gauged from the fact that as on February 20 is estimated at about Rs 1.90 lakh crore.

21 Feb 2025 9:03 pm
RBI is missing the larger point

RBI must work towards maintaining inflation close to 4% in a sustained manner, and not dilute this goal

21 Feb 2025 9:02 pm
Centre can consider lowering stake in PSBs, bankers say

Gaining low-cost CASA still a challenge

21 Feb 2025 5:57 pm
RBI to conduct 3-year dollar/rupee buy/sell swap

This will be the second swap auction by the central bank in a month, after it infused $5.1 billion through a six-month swap on January 31

21 Feb 2025 5:36 pm
Excessive borrowing in the unsecured segment a cause for concern: RBI Deputy Governor Rao

The temptation of short-term gains can easily overshadow long-term financial security of individuals, Rao said at the IIMK- NSE conference on Macroeconomics, Banking and Finance in Mumbai

21 Feb 2025 5:31 pm
RBI Deputy Governor Rao flags concern over excessive unsecured borrowings

RBI Deputy Governor M Rajeshwar Rao emphasises that financial entities have a duty to ensure that customers fully understand the risks associated with leveraged products and speculative investing

21 Feb 2025 12:39 pm
Kotak Mahindra Prime appoints Shahrukh Todiwala as new MD, CEO

Todiwala succeeds Vyomesh Kapasi, who will now take over as the head of product-consumer bank vertical, at KMB.

21 Feb 2025 8:56 am
PBPartners set to expand insurance reach across 19,000 pin codes in India

PBPartners has 300,000 advisors, boosting productivity and meeting demand for affordable insurance, especially in Tier 2 and 3 markets

21 Feb 2025 6:54 am
Project lending dips as RBI note raises fear of higher provisioning

Sanctions by banks, FIs drop 29% to 1.94-lakh crore in first 9 months of FY25

20 Feb 2025 10:00 pm
FSIB recommends Pant and Patnaik for two MD vacancies at LIC

FSIB interfaced with 8 candidates on Thursday for two positions of MDs in LIC

20 Feb 2025 9:05 pm
OMO purchase auction receives robust response from banks

Banks bid 1.87 lakh crore in G-secs, Significantly surpassing RBIs OMO limit

20 Feb 2025 8:54 pm
Big depositors of fraud-hit NICB plan association to recover funds

The RBI on February 14 superseded NICBs Board of Directors for a year

20 Feb 2025 11:48 am
20 Feb 2025 10:06 am
IRDAI imposes 1 crore penalty on UIB Insurance Brokers

The penalty should be remitted by the broker within forty-five days of receiving the order, IRDAI said

20 Feb 2025 8:59 am
Banks CD issuances soared 44% in FY25 so far: RBI bulletin

Banks see a 44% surge in CD issuances, while India Incs CP and corporate bonds also rise significantly

19 Feb 2025 9:10 pm
ICAI President Seeks Stronger Ties with NFRA, But Stresses Mutual Respect

Over 4 lakh CAs have strong understanding of ground realties besides Indian customs and conventions, said new Prez Nanda; ICAI Sets up Work-Life Balance Committee

19 Feb 2025 8:53 pm
How AGS Transact Technologies got into financial trouble

AGS Transact Technologies said last week in a filing to exchanges that the company and its subsidiary had defaulted on payments of 5.76 crore to lenders

19 Feb 2025 1:12 pm
PNB reports 270.57 crore fraud in NPA account to RBI

The public sector bank, in a regulatory filing, said it has already made provisions amounting to 270.57 crore, as per prescribed prudential norms

19 Feb 2025 11:15 am
LIC unveils Smart Pension Plan: Single premium annuity with multiple payout options

Designed as a non-par, non-linked savings and immediate annuity plan, it allows entry from 18 to 100 years, depending on the chosen annuity option.

19 Feb 2025 8:39 am
CCI approves amalgamation of Chaitanya India Fin Credit and Svatantra Holdings into Svatantra Microfin

Competition watchdog green lights significant consolidation within Svatantra Group

18 Feb 2025 10:17 pm
IRDAI permits one-time UPI mandate for buying life, health cover

Bima - ASBA facility allows users to block funds in their bank accounts for specific transactions, ensuring availability of funds while deferring actual payments

18 Feb 2025 9:51 pm
Depositors at NICB on tenterhooks, worried over how they will pay salaries

RBI assurance provides some solace to those with deposits up to 5 lakh

18 Feb 2025 9:08 pm
Karnataka Bank launches 2 products to mark its founders day

KBL Stri and KBL One Family Banking Programme were launched to mark the event

18 Feb 2025 6:56 pm
Political meme coins under scrutiny after $LIBRA debacle shakes investor trust

$LIBRA plummeted 95 per cent within hours, with insiders reportedly taking out $107 million

18 Feb 2025 6:47 pm
NICB collapse: RBIs SK Marathe calls for urgent action on dynastic control in UCBs

Referring to the recent collapse of the fraud-hit New India Cooperative Bank (NICB), Marathe alleged that the root cause of its collapse is dynastic control, debased work culture and complete absence of checks and balances

18 Feb 2025 12:13 pm
360 ONE Asset acquires 15% stake in Bharti AXA life insurance

Strategic investment aims to bolster growth and innovation in Indias life insurance sector

18 Feb 2025 11:48 am
P.D. Singh appointed as Standard Chartereds CEO for India

Singh will take over from Zarin Daruwala, who will retire on March 31

17 Feb 2025 8:42 pm
Floating rate retail loans get cheaper post RBI rate cut

Major banks begin to pass on RBIs 25 bps repo rate cut to customers

17 Feb 2025 8:29 pm
Government examining a proposal to up deposit insurance limit: DFS Secretary

Nagaraju says increasing the deposit insurance limit is under consideration of the government

17 Feb 2025 6:58 pm
New India Co-op Bank scam: Tarring all co-op banks with the same brush not right, says DEA Seth

Under RBIs directions, NICB cannot, without prior approval of RBI in writing, grant or renew any loans and advances, make any investment or incur any liability

17 Feb 2025 5:02 pm
HFCs bank on RDCL to commence ops for long term liquidity

RDCL can help HFCs in facing challenges related to ALM mismatch, limited access to long-term funds

17 Feb 2025 9:19 am
Want to ascertain digital banking services availability status? Turn to SEWA

SEWA is aimed to help customers identify any glitches in a banks IT system

16 Feb 2025 7:47 pm
Bank of Maharashtra gets RBI approval for opening GIFT City branch

The IFSC Banking Unit (IBU) will provide access to international financial markets.

16 Feb 2025 1:10 pm
Aviva India hit with $7.5 million penalty for tax evasion, fake invoices

The tax demand is significant for Aviva's India business, which recorded a profit after tax of only $10 million in the 2023-24 financial year

16 Feb 2025 9:27 am