Shriram General Insurance opens two women-only branches in the north Shriram General Insurance Company (SGIC) has set up two women-only branches in Ludhiana and Jaipur, in the first such initiative in the industry. The entire workforce, from the branch manager to the support staff, consists of women. SGIC plans to replicate the model nationwide, going forward. ...

SBI raises Rs 3,717 cr via AT-1 bonds at 8.25% with 10-yr call option State Bank of India, the country’s largest lender raised funds worth Rs 3,717 crore at a coupon rate of 8.25 per cent through additional tier-1 (AT-1) bonds on Wednesday, sources told Business Standard. The bonds have a ten-year call option, the ...

IDBI Bank proclaims Kapil & Dheeraj Wadhawan as ‘wilful defaulters’ of Rs 758 cr loans After dilly-dallying for over two years, the IDBI Bank Ltd. has finally declared the DHFL promoters and siblings — Kapil Wadhawan and Dheeraj Wadhawan — as ‘wilful defaulters’ in a Rs 758 crore unpaid loans case.   The IDBI ...

Rupee slides as Federal Reserve’s Powell hints at higher US terminal rates The rupee weakened sharply against the US dollar in early trade Wednesday after comments by Federal Reserve Chair Jerome Powell suggested that the central bank would tighten monetary policy to a greater extent than earlier anticipated. With the US dollar index surging to ...

Credit card outstanding rises 29.6% to reach record high level in Jan The credit card outstanding in January rose 29.6 per cent to reach an all-time high of Rs 1.87 lakh crore on back of increased digitisation and rising consumer confidence in the post-Covid period. As per the latest data of the Reserve Bank, the ...

Data of 600,000 HDFC Bank customers’ leaked on dark web, bank denies After reports surfaced that personal information of nearly 6 lakh customers of HDFC Bank was allegedly leaked on the Dark Web, the bank said on Tuesday there has been no data leak of its customers. According to Privacy Affairs website, the HDFC Bank ...

Number of women seeking business loans tripled in last 5 yrs: Cibil report The number of women seeking loans to build their own businesses tripled over the past five years, credit research firm TransUnion Cibil said in a report on Monday. The study added that the number of women borrowers grew at a compounded annual growth rate ...

A billion transactions a day can be processed through UPI: RBI governor The Unified Payments Interface (UPI), India’s flagship digital payments platform, has the bandwidth to process one billion transactions a day, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Monday while launching the mission “Har Payment Digital”. The objective of the mission, ...

CPSE dividend crosses Rs 50,000 crore for second consecutive year The Centre has surpassed the Rs 50,000-crore mark in dividend receipts from central public sector enterprises (CPSEs) for the second consecutive year after receiving Rs 998 crore from NHPC. In the revised estimates (RE), the Centre raised the dividend receipts from CPSEs to Rs 43,000 ...

Dividend from CPSEs crosses Rs 50,000-mark for second consecutive year The centre crosses the Rs 50,000 mark in dividend receipts from Central Public Sector Enterprises (CPSEs) for the second consecutive year after receiving Rs 998 crore from NHPC Ltd. In revised estimates (RE), the Centre raised the dividend receipts from Central Public Sector Enterprises (CPSEs) ...