SBI becomes fifth bank to hike FD rates in December 2023 For deposits maturing in seven days to forty-five days, SBI increased interest rates by 50 basis points (bps).

50% of complaints against pvt life insurance companies in 22-23 were unfair business practice grievances: IRDAI [ad_1] Fifty percent of total grievances lodged against private life insurers in 2022-23 were complaints about unfair business practices, according to the IRDAI’s annual report for FY2022-23. The report was released on the Insurance Regulatory and Development Authority of India (IRDAI) website on December ...

Life insurance companies paid over Rs 42,000 crore as commissions in FY 2022-23: Irdai report [ad_1] The Insurance Regulatory and Development Authority of India (Irdai) has released its FY 2022-23 annual report. As per the report, the life insurance companies paid a total commission of Rs 42,322 crore during FY 2022-23. The commission expenses slightly increased to 5.41% in FY ...

RBI proposes framework to rationalise money changers' authorisation In order to reduce the regulatory burden and enhance the ease of doing business, it is proposed to renew an existing authorisation as an AD Category-II on a perpetual basis

NBFC loan sanctions shrink by 5% to Rs 2.09 trn in urban area: FIDC Growth in Semi-urban, rural areas holds up

upi: India’s first corporate credit card on RuPay network launched; UPI transactions & lifetime free and more [ad_1] IndusInd Bank has launched ‘eSvarna’ which is a corporate credit card on RuPay network. eSvarna RuPay credit card can be used to link with any supporting UPI app and then payments can be made using it too. “The card facilitates smooth transactions ...

Bank Nifty will take the lead in 2024: ICICI Direct The firm’s top picks for 2024 include Dalmia Cement, Federal Bank, GAIL India, Hindustan Copper, IPCA Laboratories, and Shriram Finance.

'Cut essential to check high real interest rate', says RBI MPC member Jayanth Varma, an external member of the RBI’s Monetary Policy Committee, has stated that an interest rate cut is required to prevent excessive real interest rates amid changing economic landscape

NaBFID MD bats for re-introduction of S4A-like debt recast scheme National Bank for Financing Infrastructure and Development’s (NaBFID) managing director Rajkiran Rai G has said there is a need to re-introduce the Scheme for Sustainable Structuring of Stressed Assets (S4A) scheme to help infrastructure finance in the future. Rai said at present, there is not a single asset calling out ...

Inflation to ease to 4.6% in the first three quarters of 2024-25: RBI The RBI bulletin released on Wednesday said that global growth continues to remain fragile and may slow down further in 2024