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Finance

DFS urges states, UTs to deepen micro-insurance schemes in 3-mth campaign

newzowl - April 11, 2023

The department of financial services has urged the states and union territories to increase enrolments under the micro-insurance schemes of Pradhan Mantri Jeevan...

Finance

Citi, JICA announce co-finance loan to IndusInd Bank for agriculture sector

newzowl - April 11, 2023

Axis Bank-Citi deal: Synergies seen FY25 onwards on deposit, AUM attritionAnalysts cautious on IndusInd Bank despite all-round beat in Q3; here's whyIndusInd Bank...

Finance

Debit card usage declines 20% YoY as UPI becomes the first preference

newzowl - April 11, 2023

The utility of debit cards is expected take a hit as more and more people across the country prefer the Unified Payments Interface...

Finance

Mutual funds invest Rs 1.82 trn in FY23 on push from retail investors

newzowl - April 11, 2023

Mutual funds remained bullish on the Indian equities in 2022-23 and invested Rs 1.82 lakh crore largely due to a strong interest from...

Finance

IT service outsource norms to kick in from October this year, says RBI

newzowl - April 10, 2023

The Reserve Bank of India (RBI) on Monday released the final norms for outsourcing of information technology- (IT-) related services by financial sector...

Finance

State Bank of India to consider raising $2 billion via offshore bonds

newzowl - April 10, 2023

SBI board approves Rs 10,000-cr AT1 bonds offering to support biz growthBanks tier II bond issuance surges 3.5 times in FY23, shows dataSBI...

Finance

Punjab & Sind Bank opens 25 branches across India

newzowl - April 10, 2023

State-owned Punjab & Sind Bank on Monday announced the opening of 25 new branches across the country. With the opening of the new branches,...

Finance

RBI simplifies CIC application form, prunes list of documents required

newzowl - April 10, 2023

RBI has also reduced the number of documents an entity has to furnish along with the application form to register as a CIC...