‘India to be 6th largest insurance market by 2032; premiums to grow at 14%’ India to become sixth largest insurance market in the world in the next 10 years supported by regulatory push and rapid economic expansion, a report said. Total insurance premiums in India will grow by an average 14 per cent per annum in nominal ...

RBI unlikely to accept NBFCs’ requests for bad-loan exemptions: Report India’s central bank is unlikely to give “shadow banks” exemptions from stricter bad-loan rules coming into force, sources told Reuters, essentially ending an advantage the non-bank financial firms have had over standard banks. Non-banking financial companies (NBFCs) have asked the Reserve Bank of India to exempt smaller ...

Rupee avoids sell-off against a rampant USD, closes flat on oil price drop The Indian rupee held its ground on Thursday, as weakening oil prices and exporters selling dollars shielded it from a selloff in global risk assets. The partially convertible rupee eased 0.1% to 79.5550 per U.S. dollar, having firmed up to a more than two-week ...

Punjab National Bank (PNB), Bank of India (BOI) increase loan interest rates [ad_1] Punjab National Bank and Bank of India have increased their marginal cost of funds-based lending rates (MCLR) with effect from September 1, 2022. has hiked lending rates by 0.05 bps on all tenors, while has hiked on select tenors between 5 bps and 10 bps. Bank of ...

HDFC Bank to open 207 branches in Maharashtra, hire more than 3,000 HDFC Bank will open 207 branches and 80 smart banking lobbies in Maharashtra this financial year. It plans to hire more than 3,000 employees across the state. The new branches will be spread across Maharashtra and will cover all 34 districts. As many as 90 ...

These post office RD investors to get refund of default fee [ad_1] The Department of Posts (DoP) has stated that recurring deposit (RD) investors will get a refund of the excess default fee that they had to pay as a result of a system failure. “This action was taken in response to the problems that the RD depositors and MPKBY ...

Rupee expected to trade in Rs 79.75-80.0/$ range in the near-term: Report The Indian rupee is expected to trade in the range of 79.75-80.00 against the US dollar in the near term because the US Federal Reserve Chair has clearly signalled higher rates are likely to stay, the dollar index may see a further uptick, according to a Bank ...

Cashback SBI Card: Earn 5% cashback on all online spends without merchant restrictions; here’s how [ad_1] SBI Card has launched a cashback credit card where cardholders can earn 5% cashback on all online spends without any merchant restrictions. Cashback SBI Card is a contactless card which is offered for free for the first year until March 2023. How to earn ...

SBI Card ready with card tokenization mandate: MD & CEO Rama Mohan Rao Amara The pure-play credit card issuer SBI Card has prepared the ground for moving towards card tokenization, which is set to kick-in from October, a move aimed at protecting against fraud as well as data theft. “In terms of our preparation, readiness wise, technology ...

Which Aadhaar-related services can be availed on Umang app? [ad_1] Which Aadhaar-related services can be availed on Umang app? [ad_2]