Most public banks continue to reel under weak assets even as private counterparts thrive
While the State Bank of India and some leading private sector banks have largely addressed their asset quality challenges, many...
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BFSI
Financial sector reliance on 2-3 big tech companies poses major risks: Axis Bank CEO Amitabh Chaudhry
Companies providing software and other technology support like cloud services to the financial system are trickling down to a few,...
Read moreIIFL Wealth and Asset Management reinforces its commitment to clients with a new name: 360 ONE
IIFL Wealth and Asset Management has rebranded itself as 360 ONE. A name borne out of the purpose the company...
Read moreShriram Life empanelled as annuity service provider for PFRDA pension scheme
The Pension Fund Regulatory and Development Authority (PFRDA) has onboarded Shriram Life Insurance Company (SLIC) as the annuity service provider...
Read moreRBI puts onus on EU banks to resolve stalemate with ESMA
Reserve Bank of India (RBI) has put the onus on European Union banks to resolve the stalemate caused by the...
Read moreSBI sees 14%-15% corporate credit growth in FY23
India's largest lender State Bank of India expects corporate loans to grow at a pace of 14% to 15% this...
Read moreCBI books Rotomac Global in Rs 750 crore bank fraud case
The CBI has booked Kanpur-based Rotomac Global and its directors for Rs 750.54 crore for alleged fraud in Indian Overseas...
Read moreNine Russian banks open special vostro accounts for trade in rupee
As many as nine special vostro accounts have been opened with two Indian banks after permission from the Reserve Bank...
Read moreTTBS cloud-telephony Smartflo boosting BFSI operations across the country to accomplish financial inclusion goals
India’s commitment to bringing every person living within the boundary under the cover of banking and financial services benefitted greatly...
Read moreIRDA directive to shun brokers for gilt trades baffles insurers
Insurance companies, a significant investor group in the financial markets, have been told by the regulator that they can no...
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