RBI imposes penalty on Axis Bank, Manappuram Finance for violating norms The central bank imposed a monetary penalty of Rs 42.78 lakh on Manappuram Finance on account of failing to adhere to certain regulations

Insurers must curb product mis-selling: Insurance Ombudsman Delhi Insurance companies have to keep a check on incidents of mis-selling, Insurance Ombudsman Delhi region Sunita Sharma said on Monday. Stressing that customers are the king and insurers are in existence because of customers, she said companies should avoid mis-selling products. Sharma, a former LIC MD, said usually companies engage customers till ...

Rupee little changed as RBI support aids, inflation data in focus While state-run banks were supplying dollars in the spot market even on Monday, traders said it was difficult to ascertain whether it was for their clients or for the RBI

Fund pick: Nippon India Large Cap Fund pick of Nippon India Large Cap

Rs 5,000 cr sovereign green bond sale to test demand amid higher rates The debut sale in January raised 80 billion rupees, garnering a so-called greenium of six basis points over the benchmark yield

Fintech may emerge as substitute for traditional banking: RBI's CAFRAL CAFRAL is a non-profit organisation set up by the RBI in 2011 to promote research and learning in banking and finance

Regulated entities to follow new IT framework from April 2024: RBI The framework will specify the roles and responsibilities of the board of Directors, board level Committee and Senior Management

FAQs: How much gold you can buy without PAN, Aadhaar? How to check purity? If you buy gold for more than Rs 2 lakh per transaction, regardless of the mode of payment (cash or electronic), you must disclose PAN details to the jewellers,

Fund pick: UTI Flexi Cap Fund Fund pick of UTI Flexi Cap Fund

Bank of Maharashtra top among PSU lenders in loan, deposit growth in Q2 State-owned Bank of Maharashtra (BoM) retained the top spot among public sector lenders in loan and deposit growth in percentage terms during the second quarter of the current financial year. The deposit and advances of the Pune-based lender posted an over 20 per cent rise, the highest ...