Ratan Tata-backed Upstox forays into insurance distribution
Ratan Tata and Tiger Global backed Upstox, a wealth management platform, has forayed into the insurance distribution business. The introduction of
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Category: Banking & Financial Services
IDFC First Bank is being built on strong unit economics: V Vaidyanathan, MD & CEO
Vaidyanathan, MD & CEO, IDFC First Bank, Explaining why he isn’t uncomfortable with unsecured loans at the bank because and
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TReDS platform RXIL crosses ₹1 lakh crore in MSME invoice financing
The Trade Receivables Discounting System (TReDS) platform, the Receivables Exchange of India Ltd (RXIL), has financed over 50 lakh invoices totaling ₹1 lakh
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Banks, NBFCs expand sales team amid digital clampdown
Banks and non-banking financial companies (NBFCs), focussed on retail lending and microfinance, are beefing up their sales teams, especially in
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Yes Bank launches premium services under ‘Yes Grandeur’ for affluent, elite customers
Yes Bank has launched premium banking services under the label ‘Yes Grandeur’ targeting elite and rising affluent class to drive
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Govt will receive 30% more dividend from public sector banks in FY24
The government will get about 30 per cent more dividends from public sector banks (PSBs) in FY24 vis-a-vis FY23 due
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Bank of Maharashtra tops among PSU banks in business growth in FY24
State-owned Bank of Maharashtra recorded the highest growth rate last fiscal in terms of total business and deposit mobilisation among
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IRDAI directs insurers to put in place a board-approved policy on commission for agents
The Insurance Regulatory and Development Authority of India (IRDA) has directed all insurers to have a board-approved policy on commission structure
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Debt, equity holders approve merger of IDFC with IDFC First Bank
Shareholders and non-convertible debenture (NCD) holders of IDFC First Bank have approved a proposal to merge parent IDFC Ltd with
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Sundaram Home’s FY24 disbursements exceed ₹5,000 crore, net profit rises by 10% to ₹236 crore
Sundaram Home Finance, a wholly-owned subsidiary of Sundaram Finance Ltd, has reported a robust in 2023-24. Its net profit increased by 10% to ₹236 crore,
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