Issuers seek relaxation on certain product categories for card network portability
Card issuers have approached the RBI seeking relaxation for certain products from the revised guidelines on card network portability, due
Continue reading
Category: Banking & Financial Services
RBI launches UDGAM portal for searching unclaimed deposits across multiple banks
The Reserve Bank of India on Thursday launched a centralised Web portal, UDGAM (Unclaimed Deposits Gateway to Access Information), for members of the
Continue reading
Max Life Insurance eyeing double digit growth in new business premium this fiscal
Max Life Insurance, a private life insurer, is on anexpansion spree, and is implementing a comprehensive plan predominantly focused around
Continue reading
Per capita women deposits in India increased by ₹4,618 in last 5 years to ₹42,503
Per capita women deposits increased by ₹4,618 in the last five years from ₹37,885 in FY19 to ₹42,503 in FY23,
Continue reading
Jana SFB files DRHP for Rs 575-cr issue
Bengaluru-based lender Jana Small Finance Bank has filed a Draft Red Herring Prospectus (DRHP) with the market regulator, the Securities
Continue reading
Barclays’ India banking head, Hong Kong CEO retire; reshuffling under way
Barclays Plc is reshuffling its Hong Kong and India teams after the departures of two senior executives, according to internal
Continue reading
Abhijit Chakravorty assumes charge as SBI Card’s MD and CEO
SBI Card, the country’s largest pure-play credit card issuer, has announced that Abhijit Chakravorty has taken charge as the company’s
Continue reading
Micro loans, fall in delinquencies drove MSME lending in FY23: Report
A surge in loans to the micro segment, aided by a parallel fall in delinquencies, drove lending to the MSME
Continue reading
Operating environment for Indian banks has improved: Fitch Ratings
The operating environment (OE) for Indian banks has strengthened as economic risks associated with the Covid-19 pandemic have ebbed, according
Continue reading
Electronica Finance enters Telangana market to extend loans to MSMEs
Electronica Finance Ltd (EFL), a Pune-based non-banking financial company (NBFC) specialising in financing MSMEs, entered into Telangana market by opening seven
Continue reading