Fintech companies in talks to decide on rules for self-regulation Deeply influenced by the country’s ever-changing regulatory landscape, digital payment players are negotiating the formation of a self-regulatory organisation (SRO) to develop uniform rules and standards of operation for their industry, an Economic Times report said.   The Reserve Bank of India Governor Shaktikanta Das proposed the creation of ...

AU Small Finance Bank Video Banking: AU Small Finance Bank launches bill payments via video banking on Bharat Bill Payment System; How to use [ad_1] AU Small Finance Bank has become the country’s first commercial bank to connect with the Bharat Bill Payment System (BBPS) and deliver bill payment services via video banking, stated a press release from the bank. ...

New business premium of insurers drops 12% Contrary to expectations, the new business premium (NBP) of life insurance companies dropped 12.62 per cent year-on-year (YoY) in March 2023 due to an over 30 per cent drop in Life Insurance Corporation (LIC) of India’s premiums, albeit on a high base. Data released by the Life Insurance Council shows the industry ...

repo rate: How long will the pause in RBI repo rate last? Is another 50 bps hike in the making? [ad_1] The first bi-monthly Monetary Policy Committee meeting for the financial year 2023-24 happened over a period of 3 days – April 3 to 6. The market was expecting a rate hike and to some extent, had priced in a ...

Members split on economic growth prospects All the external members of the Reserve Bank of India’s monetary policy committee (MPC) flagged risk of slowing growth, while the internal members seemed more sanguine about the growth prospects, the minutes of the monetary policy review meeting held earlier this month showed. All the members unanimously agreed to keep the repo rate ...

Home loan demand dips in December qtr as rate hikes pinch [ad_1] (This story originally appeared in on Apr 20, 2023) MUMBAI: Consumers have begun to feel the pinch of rising interest rates with home loan disbursals and demand dipping in the December quarter as compared to the previous year. Home loan disbursals decreased 6% in Q3 of FY23, while ...

Indian banking system is stable, resilient: RBI governor Shaktikanta Das Reserve Bank of India (RBI) Governor Shaktikanta Das said on Friday that the country’s banking system continued to be resilient and stable, and the central bank had been engaging with domestic lenders on all fronts for the last few years to prepare them for any future risks. ...

bima sugam: What is Bima Sugam & how will it be different from a PolicyBazaar? Hari Radhakrishnan explains [ad_1] “This will be a much wider platform in which all the insurance companies will be present and the customers can transact directly. It will be a trusted platform because it is being promoted by the regulator and so the customers can ...

India’s foreign exchange reserves fall $2.4 billion to $560 billion The Reserve Bank of India’s (RBI’s) foreign exchange reserves declined $2.4 billion to $560 billion in the week ended March 10, latest data showed. The decline in foreign exchange reserves was largely on account of a fall in the RBI’s foreign currency assets, which dropped ...

Maharashtra govt revises guidelines for houses built, allotted by MHADA [ad_1] The government of Maharashtra has revised the guidelines to modify the permitted carpet area of apartments to be built and sold under the High-Income Group (HIG) and Middle-Income Group (MIG) through lottery mechanism of the Maharashtra Housing & Area Development, the state government’s nodal agency and statutory housing authority. ...