Latest Updates Around The World
Nation growth concept, green arrows up – businessman holding map of India flag | Photo credit: NatanaelGinting India’s long-awaited package of financial services reforms is setting the stage for a wave of foreign capital into the world’s fastest-growing major economy. In a final step, lawmakers this week passed a law allowing insurance companies to be […]
The SFIO officials have since held discussions with bank executives and are expected to formally request details. | Photo credit: ANUSHREE FADNAVIS The Serious Fraud Investigation Office (SFIO), Ministry of Corporate Affairs, will request certain details from IndusInd Bank regarding the accounting of internal derivatives transactions, certain unsubstantiated balances in the bank’s “other assets” and […]
The Reserve Bank of India on Thursday imposed several restrictions on Valsad-based Valsad Mahila Nagrik Sahakari Bank due to its deteriorating financial condition. | Photo credit: FRANCIS MASCARENHAS/Reuters Mumbai, Dec 18 (PTI) The Reserve Bank on Thursday imposed several restrictions on Valsad-based Valsad Mahila Nagrik Sahakari Bank, including a ban on customer withdrawals, due to […]
The new logo aims to strengthen visibility, trust and recognition after the merger. With dark blue symbolizing finance and trust, and green growth and life, the branding reflects the role of RRBs in financial inclusion and rural development. The Finance Ministry on Thursday unveiled a new logo for Regional Rural Banks (RRBs) to signify a […]
Sanjay Malhotra, Governor of the Reserve Bank of India (RBI) | Photo credit: PTI Reserve Bank of India (RBI) Governor Sanjay Malhotra has asked the Institute for Development and Research in Banking Technology (IDBRT) to focus on developing technologies in applied aspects of banking, prioritizing security and ease of use for end customers. “Operational workflows […]
The bill, which amends three laws relating to the insurance sector – the Insurance Act, 1938, the Life Insurance Corporation Act, 1956, and the Insurance Regulatory and Development Authority Act, 1999 – was passed by Parliament on December 18. | Photo credit: REUTERS/Dado Ruvic The Life Insurance Corporation of India (LIC) said the legislative changes […]
Fintech giant MobiKwik sees UPI as the next growth engine and is not concerned about the existing bigger players in the market, co-founder Upasana Taku said. business line in an interaction. Taku shares business guidance for the tax and recent events related to the company. Fragments: How has your market share increased in the UPI […]
Sundaram Home Finance, a wholly owned subsidiary of Sundaram Finance, has laid out plans for accelerated growth in the Emerging Business (EB) segment and aims to reach the milestone of 100 EB branches by the end of this financial year. The company also aims to more than double its EB payments to around ₹500 crores […]
However, that guide left out one important newcomer. Wealthsimple has since launched direct physical gold trading, and it came with a splash. The rollout included a promotional giveaway featuring a one-kilogram gold bar, 10 one-ounce coins and 50 one-tenth ounce coins for eligible customers who deposited money and completed a survey. The promotion ended on […]
