Centre may see a big jump in RBI dividend in FY24
The Centre is likely to make windfall gains by way of annual dividend receipts from the Reserve Bank of India...
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BFSI
Insurance penetration cannot be done by merely crowding market with large number of players: AIIEA General Secretary Mishra
The government and insurance industry regulator IRDAI have been pitching for a greater insurance penetration but it cannot be done...
Read moreIrdai proposes to tighten norms for media campaigns by insurers
Regulator Irdai is proposing to tighten norms for insurance advertisements by assigning higher responsibility on senior management of insurers in...
Read moreChrysCapital diversifies into public market investing; hits first close of maiden AIF
After cutting 100 private equity deals in the Indian market in over two decades, homegrown private equity fund ChrysCapital is...
Read moreNBFCs step up used car funding as EVs catch on
Non-banking financial companies (NBFCs) are stepping up the funding of used cars, seeing it as a growth driver over the...
Read moreFinMin permits 22 finance cos to undertake Aadhaar-based verification of clients
The Finance Ministry has allowed 22 financial companies, including Amazon Pay (India) and Hero FinCorp, to undertake Aadhaar-based authentication of...
Read moreFinance ministry sees G-sec yields on downhill trek
The finance ministry expects the yield on government securities - which dropped below the 7% mark for the 10-year paper...
Read moreGlobal finance dominated by few currencies, need to de-risk by diversifying, says RBI DG T Sankar
A handful of currencies currently dominate global finance, and there is a need for de-risking by diversifying the international currency...
Read moreMoney transfer: RBI mandates complete info about originator, beneficiary
The Reserve Bank on Thursday instructed banks and other financial institutions to ensure cross-border as well as domestic wire transfers...
Read moreHDFC Bank likely to open over 600 branches in semi-urban, rural areas in FY24
HDFC Bank is likely to open more than 675 branches in semi-urban and rural geographies across the country, reported Reuters,...
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