The government is getting financial bids for IDBI Bank

Government officials have repeatedly indicated that the disinvestment process will be completed in FY26 | Photo credit: ADNAN ABIDI The Department of Investment and Public Asset Management (DIPAM) on Friday said it has received financial bids for the strategic sale of IDBI Bank. This has increased the expectation that the sale of the shares will […]

Risk-based deposit insurance framework to be introduced for banks from April 1

Banks will pay deposit insurance premiums ranging from 8 paise to 12 paise per annum per Rs 100 deposit, depending on their risk categorization, under the risk-based premium (RBP) framework that RBI’s subsidiary Deposit Insurance and Credit Guarantee Corporation (DICGC) will usher in from April 1, 2026. Banks in the lowest risk category (A) pay […]

Expect policy rates to remain low for an extended period: RBI Guv

Governor Sanjay Malhotra of the Reserve Bank of India With underlying inflation expected to remain benign and growth prospects appearing strong, policy rates are likely to remain at low levels for a long time, Reserve Bank of India Governor Sanjay Malhotra told reporters at a post-monetary policy committee (MPC) press conference on Friday. Edited excerpts: […]

The new awareness campaign of the life insurance industry is reaching 35.5 crore people across all channels

The campaign went beyond traditional forms of advertising and became visible thanks to the cricket series between India and South Africa | Photo credit: iStockphoto The life insurance industry’s new awareness campaign, aimed at addressing the challenge of low insurance penetration in India, has been able to reach around 35.5 crore people across all channels […]

The agricultural sector is getting a head start as the revised KCC guidelines are in the making

The proposed guidelines include standardization of crop season, extension of KCC term to six years (from five years), alignment of draw limit with scale of financing (SoF) for each crop season and inclusion of expenditure on technological interventions, said RBI Governor Sanjay Malhotra | Photo credit: SHASHNK PARADE The agriculture sector is likely to get […]

South Korean insurance giants are considering entry into India

Any deals that emerge from the talks would mark the first time Korean insurance companies have entered the Indian insurance sector. South Korean companies Samsung Fire & Marine Insurance, Mirae Asset Financial Group and Hyundai Marine & Fire Insurance Co are in exploratory talks to enter India’s $130 billion insurance market, three Indian sources said. […]

Skip the chocolates and build financial intimacy instead – MoneySense

Skip the flowers and chocolates this Valentine’s Day. Instead, invest in financial intimacy to deepen trust and strengthen love. Financially what?! When we think of intimacy, we usually think of emotional or physical closeness. Finances rarely appear on the list. But financial intimacy—openly sharing your money beliefs, habits, and goals—can bring couples closer together than […]