Banking Finance - Latest News, Analysis, Opinion

Insurance's significance in protecting lives and properties is underscored by the havoc wreaked by rain

Credit Card Spending Hits Record High At Rs 1.4 Lakh Cr; 87.4 Mn Cards In Use

While credit card spends were between Rs 1.1-1.2 lakh crore throughout the fiscal year 2023, they reached a new peak of Rs 1.4 lakh crore in May. Additionally, the average spend per card reached a record high of Rs 16,144

RBI, UAE Central Bank Sign MoUs For Cross-border Transactions

These agreements focus on promoting the use of local currencies for cross-border transactions and integrating their payment systems, specifically the Unified Payments Interface (UPI) with the Instant Payment Platform (IPP) of UAE

FSIB Publishes Recommendations For List Of Executive Directors In PSBs

It was also stated that the selections were based on “their performance in the interface, their overall experience and the extant parameters”

Bandhan Bank's Q1 Net Profit Falls 19% To Rs 721 Cr

Banking & Finance Banking

The drop in profit exceeded analysts' expectations, who had predicted a decline of around 14 per cent

RBI To Release Guidelines For Banks To Resolve Rupee Trade Issues: Report

In May, Russia’s Foreign Minister Sergei Lavrov said talks were underway with India to exchange billions of rupees that have accumulated in Indian banks for other currencies

Tactical Partnerships Form A Key Pillar Of Our Growth Strategy: Alok Rungta, Future Generali India Life Insurance

Rajany Pradhan

In an exclusive interview with BW Businessworld, Alok Rungta, Deputy CEO and CFO, Future Generali India Life Insurance, shares the company’s strategies for sustained growth, partnerships, risk management, and customer-centricity

Bajaj Allianz Life Launches New Plan For Personalised Cash Flow

Participating or savings life insurance plans are popular amongst customers as they offer three key features - safety, liquidity and returns

Bandhan Bank Q1FY24 Preview: Modest Earnings Expected In Soft Quarter

Kanishka Biswas

Even though Bandhan Bank’s loans saw a 5.5 per cent decline QoQ and its deposit growth remained lacklustre, the bank remains optimistic and stated their loan and deposit growth numbers in FY24 will be above industry levels at around 20 per cent

Tata AIA Life Insurance Launches Small Cap Discovery Fund

The New Fund will offer policyholders the opportunity to generate capital appreciation in the long-term by investing in small-cap market capitalisation stocks

HDFC Bank Onboards 1 lakh Customers And 1.7 lakh merchants On CBDC Programme

Banking & Finance Banking

The bank has also launched a UPI QR code interoperable with India's sovereign digital currency

Target Maturity Funds Help Investors Shift Towards Debt Mutual Funds

Poonam Singh

The growth in AUM is being driven by a number of factors, including the rising popularity of mutual funds among investors, the increasing number of mutual fund schemes available, and the strong performance of the stock market

RBI Sets Out To Increase E-rupee Payments With Help Of UPI Infra