Gold loan offtake slows in Q4 as price comes down

The NBFCs said that the assets under management for this quarter is likely to come down by 1.5 per cent - 2 per cent due to a correction in gold prices. from Banking/Finance-Industry-Economic Times https://ift.tt/3s5Tr...

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NPCI to launch new digital payments product for feature phones

In 2020, NPCI, CIIE.CO and the Bill and Melinda Gates Foundation had together launched a hackathon for the creation of a feature phone-based payments solution. from Banking & Finance – The Financial Express https://ift.tt/2QnAR...

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RBI: Household savings rate slides to 10.4% in Q2 from 21% in Q1

The savings rate may have fallen further in Q3 with a pick-up in consumption and economic activity, the article said. from Banking & Finance – The Financial Express https://ift.tt/3r17q...

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CSB Bank to focus on growing balance sheet

“Most of the secured business has come back. There has been a more responsible credit behaviour on the part of customers. Generally speaking, while there is some stress in the banking ecosystem, it is much less than what was expected or predicted,” he said. from Banking & Finance – The Financial Express https://ift.tt/38XY7...

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Indiabulls looking to exit ARC business, in talks for loan portfolio sale

“IARCL has decided to exit the asset reconstruction (ARC) business a few months back after assessing market conditions,” said one person aware of the development. The decision was taken before the announcement of the bad bank by the government. from Banking & Finance – The Financial Express https://ift.tt/3eXAQ...

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HDFC Bank’s MSME book grows 30% to cross ₹2-lakh cr

Lender disburses ₹23,000 crore under ECLG scheme from Business Line - Money & Banking https://ift.tt/3vJ8A...

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Covid-related health cover claims up 50%

Total registered claims now at ₹14,287 crore from Business Line - Money & Banking https://ift.tt/3r5FV...

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Mutual funds’ exposure to bank certificates of deposits declines 67%

Fall in interest rate has made them unattractive: Experts from Business Line - Money & Banking https://ift.tt/3c1nu...

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Bandhan Bank inducts two new members on its board

They have joined as additional independent directors and will become independent directors once the bank's shareholders approve the appointment in the next annual general meeting. from Banking/Finance-Industry-Economic Times https://ift.tt/2OHWq...

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Irdai nudges insurers to join vaccination drive, facilitate policyholders' immunisation

The government's national programme for vaccination against COVID-19 for 60 years old and above and those above 45 years of age with comorbidities started on March 1, 2021. from Banking/Finance-Industry-Economic Times https://ift.tt/38Xnr...

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RBI central board reviews economic situation

The Central Board of Directors of the Reserve Bank of India (RBI), on Friday, reviewed the current economic situation, global and domestic challenges, from Business Line - Money & Banking https://ift.tt/30Zeq...

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‘Restless urgency in the air to resume high growth’

Our Bureau There is a restless urgency in the air in India to resume high growth, with signs that the capital expenditure (capex) cycle is uncoiling a from Business Line - Money & Banking https://ift.tt/3cJsA...

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Cryptos continue to see investor-interest

Trading volumes rise on surge in Bitcoin prices from Business Line - Money & Banking https://ift.tt/3cPoi...

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Households switch from ‘essentials only’ to discretionary spending pattern: RBI study

Preliminary estimates for Q2 (July-September) FY21 indicate that household financial savings regressed closer to the pre-pandemic levels to 10.4 per c from Business Line - Money & Banking https://ift.tt/3c0Cm...

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Muthoot FinCorp rolls out Aatmanirbhar Mahila Gold Loan scheme for women

Launched by actor Vidya Balan, the product offers maximum Loan to Gold value and lowest interest rate from Business Line - Money & Banking https://ift.tt/3ltpo...

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Ministry of Corporate Affairs initiates inspection of books of Edelweiss ARC

EARC said it has not received intimation of any inspection being conducted by the MCA, in a statement on Thursday. According to reports, the MCA initiated the probe under section 206 of the Companies Act, which permits the Centre to inspect the books of a firm if it feels that circumstances warrant it, but this does not imply guilt. from Banking/Finance-Industry-Economic Times https://ift.tt/30Xeo...

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Our digital transactions have gone as high as 67% now: SBI Chairman

The rise in the number of digital transactions at the bank was largely driven by pick up in e-commerce during the pandemic-induced lockdown, which restricted movement, SBI chairman Dinesh Khara said. from Banking/Finance-Industry-Economic Times https://ift.tt/3eYH2...

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IndiaLends raises $5.1 mn from existing investors ACP Partners, DSG Consumer Partners

Funds to be used to expand tech platform, widen market footprint, amplify product offerings to meet pent-up demand in the post-Covid economic recovery from Business Line - Money & Banking https://ift.tt/3eVrN...

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Federal Bank plans to buy microfinance company to expand business

Federal Bank MD & CEO Shyam Srinivasan has said that the private bank sees an opportunity to grow both organically and through acquisition. The bank is interested in acquiring a microfinance business as part of its focus on growing the retail high-margin category. from Banking/Finance-Industry-Economic Times https://ift.tt/3s3E5...

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India banning Bitcoin would be a terrible idea

The consequences for India’s economy could be more dire from Business Line - Money & Banking https://ift.tt/3s18c...

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Fix systems to reduce failures, banks urge non-bank partners

In 2020, massive on-boarding of new digital users onto payment platforms was accompanied by outages in bank systems and resultant transaction failures. from Banking & Finance – The Financial Express https://ift.tt/38Wve...

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CSB Bank plans 30% increase in branch numbers

The app, CSB Wink, enables customers to open an account instantly from home. Besides, CSB Bank is working on expanding its product suite, services, and digital banking platform with investments in technology aimed at improving customer experience. from Banking & Finance – The Financial Express https://ift.tt/2OPNu...

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Rajya Sabha passes Insurance Bill

Opposition protests Centre’s decision to not send the Bill to Parliamentary panel from Business Line - Money & Banking https://ift.tt/3vCWY...

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Govt may cancel FY21’s last weekly G-Sec auction

Higher direct tax collections and cash balances with RBI the reason from Business Line - Money & Banking https://ift.tt/3lrG4...

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Remote working to push demand for cyber insurance: IRDAI official

"In the long term, the transition to virtual workspaces resulting from COVID 19 may increase the demand for cyber insurance and further the evolution of cyber insurance products," Insurance Regulatory and Development Authority of India (IRDAI) Executive Director Suresh Mathur said. from Banking/Finance-Industry-Economic Times https://ift.tt/3eWAT...

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Let's take off with Binomo India to reap higher results on your investments!

from Banking/Finance-Industry-Economic Times https://ift.tt/3tuRZ...

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LIC policyholders can deposit maturity claim documents at nearest office

Life Insurance Corporation of India has allowed its policyholders to deposit their maturity claim documents at their nearest LIC office anywhere in th from Business Line - Money & Banking https://ift.tt/3lqGk...

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Rajya Sabha passes bill to hike FDI in insurance sector to 74 pc

As per the bill, the majority of directors on the board and key management persons would be resident Indians, with at least 50 per cent of directors being independent directors, and specified percentage of profits being retained as a general reserve. from Banking/Finance-Industry-Economic Times https://ift.tt/30UAQ...

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Big opportunity for investing in India’s private credit market: Experts

“There is a big vacuum in the MSME sector which is unable to raise money easily. Real estate is another sector that doesn’t have access to all available sources of funding such as bond markets. So there is a big opportunity to provide credit here for private players like ourselves”, said Nipun Sahni, Partner, Apollo Global Management, amongst the largest credit investors in the world with $320 billion under management. from Banking/Finance-Industry-Economic Times https://ift.tt/3qXeZ...

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‘Hospitalisation costs due to adverse reaction to Covid vaccination will be covered’

Adverse reaction to the Covid-19 vaccination that leads to hospitalisation will be covered under health insurance policies, according to insurance reg from Business Line - Money & Banking https://ift.tt/2P6eT...

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Trifecta Capital sees top-level exits

Employees allege their dues are withheld from Business Line - Money & Banking https://ift.tt/3qSIT...

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TPG arm to invest $200 million in Airtel Africa's mobile money biz

“The Rise Fund, the global impact investing platform of leading alternative investment firm TPG, will invest $200 million in Airtel Mobile Commerce BV ("AMC BV"), a wholly owned subsidiary of Airtel Africa plc (the "Transaction"),” Airtel said in an exchange filing on Thursday. from Banking/Finance-Industry-Economic Times https://ift.tt/2ON5A...

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SBI widens scope of compassionate appointment scheme to cover the deceased employees’ dependents

The benefit will be extended only to the dependents of employees who expired due to Covid-19 from Business Line - Money & Banking https://ift.tt/3tAQA...

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Rupee rises 9 paise against US dollar in early trade

According to forex dealers, a strong US dollar against major currencies overseas restricted the rupee’s rise from Business Line - Money & Banking https://ift.tt/2OBgy...

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Indian national sentenced to three years in US federal prison for call centre fraud

Sahil Narang, 29, in the US illegally at the time of his arrest in May 2019, is a key participant in the Tech Fraud and Refund Fraud schemes that targeted technologically unsophisticated computer users, usually senior citizens from Business Line - Money & Banking https://ift.tt/2P4zQ...

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Deposit base growing 5-7% consistently for last 6 months: Airtel Payments Bank MD

Airtel Payments Bank has been witnessing roughly 5-7% month-on-month growth in its deposit base consistently for the last six months, its MD & CEO Anubrata Biswas said on Wednesday. from Banking & Finance – The Financial Express https://ift.tt/2OAW4...

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RBI finds Rs 519 crore provisioning divergence by Central Bank of India in FY20

Accordingly, the adjusted net loss of the bank for the financial year 2020 has widened by Rs 519 crore to Rs 1,640 crore. from Banking & Finance – The Financial Express https://ift.tt/2P0wl...

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Retail stress hits private banks hardest: Govt data

Private banks typically lend to employees from the private sector and to self-employed people, all of whom have been hit harder by the Covid-19 pandemic. from Banking & Finance – The Financial Express https://ift.tt/2NqoL...

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Banks write to RBI seeking extension of deadline for repayment of interest on working cap loans

FE has learned that banks have already made a representation to RBI to extend the deadline for repayment of interest beyond March 31, 2021. from Banking & Finance – The Financial Express https://ift.tt/38QAn...

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PNB Cards & Services incorporated to undertake non-financial support services

PNB's has issued about 3.5 lakh cards with portfolio size of about Rs 300 crore at the end of March 2020. The cards are issued on VISA & Rupay platforms. from Banking/Finance-Industry-Economic Times https://ift.tt/38NWN...

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HDFC Bank leads peer lenders over mobile transactions despite tech glitches

As per data analysed by Bernstein, Kotak has a 2% share in system deposits but has a 5% share in mobile transaction. SBI Yono ranks low on activity, largely due to its customer base being less digitally savvy and lower ticket sizes, the report notes. from Banking/Finance-Industry-Economic Times https://ift.tt/2NvDP...

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Gautam Guha elected as PNB’s second shareholder director

Delhi-based Gautam Guha has been elected as the second shareholder director of Punjab National Bank, the country’s second largest public sector bank.G from Business Line - Money & Banking https://ift.tt/3tukg...

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Health cover: IRDAI gives more flexibility to insurers

The insurance regulator has modified the existing guidelines on product filing in health insurance business. As per the file and use guidelines of the from Business Line - Money & Banking https://ift.tt/3bWnU...

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Significant increase in requests for restructuring: FICCI-IBA Survey

Our Bureau Nearly 68 per cent of respondent bankers expect non-performing asset (NPA) levels to be above 10 per cent in first half of 2021, as per the from Business Line - Money & Banking https://ift.tt/38Rgc...

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ICRA upgrades long-term debt rating of Muthoot Finance to AA+

ICRA has upgraded its ratings on the long-term debt facilities of Muthoot Finance Limited to ‘[ICRA] AA+(Stable)’ from ‘[ICRA]AA(Stable)’. The rating from Business Line - Money & Banking https://ift.tt/3eNmy...

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NPAs expected to increase in first half of 2021: FICCI-IBA survey

The findings are part of the 12th round of bankers' survey carried out by FICCI-IBA between July and December 2020. from Banking/Finance-Industry-Economic Times https://ift.tt/3tyFM...

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HDFC Ergo crosses ₹10,900 cr in gross premium income

HDFC Ergo General Insurance Company has crossed ₹10,900 crore in gross premium income on year to date basis in February 2021, covering more than 1.5 c from Business Line - Money & Banking https://ift.tt/3cDgQ...

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Chirag Gandhi is new MD Senior Advisor, Team Head, at Julius Baer India

Five senior relationship managers too, inducted to the India franchise from Business Line - Money & Banking https://ift.tt/3rZC9...

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ICICI Prudential MF launches new exchange-traded fund

ICICI Prudential Mutual Fund is launching a new exchange-traded fund targeted at the 30 least volatile stocks from the Nifty 100 index.The new fund from Business Line - Money & Banking https://ift.tt/38PKG...

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PhonePe captures over 42% of overall UPI P2M market share

Attributes it to driving merchant acceptance in Tier-4,5,6 towns from Business Line - Money & Banking https://ift.tt/3tsZZ...

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RBI imposes ₹2 crore penalty on SBI

The central bank referred to contravention of section 10 (1) (b) (ii) of the BR Act whereby no banking company shall employ any person whose remuneration takes the form of commission from Business Line - Money & Banking https://ift.tt/3tu9U...

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Magma HDI General Insurance approves capital raise of up to ₹250 crore via preferential issue

The company’s shareholding will reduce from 29.3% to 24.2% from Business Line - Money & Banking https://ift.tt/2OWvW...

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Bank union strike severely disrupts banking services across the country

About 85 lakh cheques and other bank instruments were not cleared by bank branches in Mumbai alone on the first day of the strike as half a lakh bank employees joined the protest against the government move to privatise banks. from Banking/Finance-Industry-Economic Times https://ift.tt/30M7J...

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SBI, IOCL ink first SOFR-linked deal in ECB market

Our Bureau State Bank of India (SBI), on Tuesday, said it has been awarded the mandate for the first Secured Overnight Financing Rate (SOFR)-linked $1 from Business Line - Money & Banking https://ift.tt/3bROk...

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Ettutharayil Group acquires Delhi-based NBFC BKP Commercial India

Looks to move into vehicle, property, gold loans from Business Line - Money & Banking https://ift.tt/3qRXV...

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Bank of Baroda bets on new digital platform to expand retail lending

BoB has offered 1.25 lakh loans so far, roughly 80% od which are personal loans. The personal loans are capped at Rs 50,000 and are currently offered to only the bank's customers. Handa said BoB plans to increase the maximum ticket size to Rs 2 lakh and also offer the loans to non customers of the bank before the end of the month. from Banking/Finance-Industry-Economic Times https://ift.tt/3trdI...

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SBI awarded mandate for first SOFR-linked ECB deal by IOC

State Bank of India (SBI), on Tuesday, said it has been awarded the mandate for the first Secured Overnight Financing Rate (SOFR)-linked $100 million from Business Line - Money & Banking https://ift.tt/2OZCW...

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Perpetual bond yields move up 25-35 bps

As uncertainty over SEBI valuation norm hovers from Business Line - Money & Banking https://ift.tt/38LM6...

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Performance of unsecured loans worsening, says India Ratings

"The performance of unsecured asset classes, such as microfinance loans, unsecured business loans and consumer loans, is worsening, given the borrower's depleted financial cushions and the nature of these loans," the report said. from Banking/Finance-Industry-Economic Times https://ift.tt/2OVOH...

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Interest of bank employees will be protected, says FM

Hits back at Rahul for his remarks on ‘nationalising loss’ from Business Line - Money & Banking https://ift.tt/2OBzV...

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Bill to regulate cryptocurrencies likely to be delayed

However, efforts are on to bring the bill during the current session, says a government official from Business Line - Money & Banking https://ift.tt/3lmAq...

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Private Retirement Funds can now invest in Alternative Investment Fund

Finance Ministry prescribes conditions for investment from Business Line - Money & Banking https://ift.tt/38Gc3...

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We will try to grow our business in a very calibrated way: IDBI Bank CEO

Now that IDBI Bank is out of the restrictive prompt corrective action (PCA) framework, it will grow its loan book in a calibrated manner to avoid conc from Business Line - Money & Banking https://ift.tt/3rTPo...

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Permission for new pvt banks to participate in govt biz will be based on RBI guidelines: FM

The minister was responding to a query about whether the government will adopt any criteria to permit new banks for taking up government-related business. from Banking/Finance-Industry-Economic Times https://ift.tt/38KYd...

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HDFC Bank’s Rahul Shukla confident about bank’s portfolio

Strong expectations of private sector capex revival in second half of FY22 from Business Line - Money & Banking https://ift.tt/2OCbD...

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CashRich acquires WealthApp’s mutual fund distribution biz

CashRich will now have a two-lakh-strong user base; company plans to expand into other financial products, increase distribution via partnerships from Business Line - Money & Banking https://ift.tt/3lx8F...

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Fintech start-up YAP raises $10 million in Series B funding

YAP, a Chennai-headquartered fintech start-up, on Tuesday announced that it has raised Series B funding of $10 million (₹ 73.2 crore), co-led by Flour from Business Line - Money & Banking https://ift.tt/3vw02...

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According to a December 2020 RBI survey, banks witnessed high demand for individual loans

According to a December 2020 RBI survey, banks witnessed high demand for individual loans from Banking/Finance-Industry-Economic Times https://ift.tt/2Q9dz...

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YAP raises ₹73.2 cr in series B funding

Funding co-led by Flourish Ventures, Omidyar Network India from Business Line - Money & Banking https://ift.tt/3vwRj...

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India to propose law banning cryptocurrency trading, mining and possession

India to propose law banning cryptocurrency trading, mining and possession from Banking/Finance-Industry-Economic Times https://ift.tt/3rY7Z...

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Banking services in Maharashtra impacted on second day of nationwide strike

The two-day nationwide strike of bank employees and officers, which started on March 15, has been called by the United Forum of Bank Unions (UFBU), an umbrella body of nine unions, to protest against the government's decision to privatise two more state-run banks. from Banking/Finance-Industry-Economic Times https://ift.tt/2PXSj...

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Bank employees continue nationwide strike for 2nd consecutive day

from Banking/Finance-Industry-Economic Times https://ift.tt/3bQwY...

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AU Small Finance Bank raises ₹600 crore

The Jaipur-based AU Small Finance Bank on Monday said it has raised ₹625.50 crore through sale of shares to institutional investors.The bank has c from Business Line - Money & Banking https://ift.tt/30NNN...

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Bank strike Day 2: Services that are likely to be disrupted today

According to most reports, the strike was a success on Day 1. Before the strike, several government banks had notified their customers to use internet/mobile banking for transactions during the strike period. Services would in all probability remain non-functional today too. from Banking/Finance-Industry-Economic Times https://ift.tt/30Kur...

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RBI asks banks to extend cheque truncation system across all branches

Our Bureau The Reserve Bank of India (RBI) has asked banks to extend Cheque Truncation System (CTS) across all their branches in the country. This is from Business Line - Money & Banking https://ift.tt/3tjIp...

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India Covid vaccinations top 3.15 crore, but surging new cases a worry

India, on Monday, emerged the third country after the US and China to complete three crore Covid-19 vaccinations, even though the rise in fresh cases from Business Line - Money & Banking https://ift.tt/30N4A...

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RBI asks banks to implement image-based Cheque Truncation System in all branches by September 30

The CTS is in use since 2010 and presently covers around 1,50,000 branches. All the erstwhile 1,219 non-CTS clearing houses (ECCS centres) have been migrated to CTS effective September 2020. from Banking/Finance-Industry-Economic Times https://ift.tt/2Os5O...

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Banking services impacted across Maharashtra on first day of strike

Banking services, including cash withdrawals, cheque clearances and other business related transactions, were affected across Maharashtra on Monday on the first day of the two-day nationwide bank strike, union leaders said. from Banking/Finance-Industry-Economic Times https://ift.tt/3cAS5...

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‘SBI Card has largely come out of Covid crisis unscathed’

KR SrivatsSBI Card has, to a large extent, been able to come out of the Covid-19 crisis unscathed, said its new Managing Director & CEO, Rama Moha from Business Line - Money & Banking https://ift.tt/2Q1Pa...

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LIC launches Bachat Plus

Our BureauLife Insurance Corporation of India has introduced LIC’s Bachat Plus, which is a non-linked, participating individual savings plan with a co from Business Line - Money & Banking https://ift.tt/3rPy2...

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UPI-Help for digital payments goes live on BHIM UPI app

The National Payments Corporation of India (NPCI) has gone live with ‘UPI-Help’ on BHIM UPI as part of efforts to enable better and hassle-free resolu from Business Line - Money & Banking https://ift.tt/3tpzX...

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SEBI approves @Paytm UPI handle

Paytm Payments Bank, on Monday, announced that its @Paytm UPI handle has been approved by the Securities and Exchange Board of India (SEBI) to enable from Business Line - Money & Banking https://ift.tt/3eEnN...

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Paytm Payments Bank can now issue payment mandates for IPOs as SEBI approves UPI handle

Paytm Payments Bank had registered the lowest technical decline rate of 0.05 per cent in January 2021 among other UPI remitter banks. from Banking & Finance – The Financial Express https://ift.tt/3loB7...

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Post Covid insurance landscape: When life insurers pivot to guaranteed income products

In the post Covid-19 world, life insurers are now looking to ride on changed consumer preference to guaranteed income products. They have now realised from Business Line - Money & Banking https://ift.tt/3vogB...

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Kotak Investment Advisors, Allianz Investment Management ink pact to invest in India’s private credit market

Allianz’ total private credit investments in India is about $650 mn; eyes increasing it to $1 bn in 2021 from Business Line - Money & Banking https://ift.tt/3cuff...

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Indifi Technologies bags ₹35-cr debt funding from IndusInd Bank

Gurugram-based online lending platform for small businesses also get guarantee from US International Development Finance Corp from Business Line - Money & Banking https://ift.tt/3bJ9x...

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CreditAccess Grameen to bear cost of vaccination of its employees

To reimburse the costs for all the employees and their immediate family members from Business Line - Money & Banking https://ift.tt/3s0Am...

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Allianz, Kotak Investment partner to invest in Indian private credit market

In February, Allianz made its maiden credit investment of $150 million in Kotak Investment Advisors’ 11th real estate debt fund that achieved a closure of $380 million. Kotak’s real estate fund primarily focuses on financing early- and late-stage real estate projects across geographies in India. from Banking/Finance-Industry-Economic Times https://ift.tt/38FyS...

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Services of PSBs hit in Bengal as bank unions go on strike to protest against privatisation

Finance Minister Nirmala Sitharaman had in the budget announced the privatisation of two public sector banks (PSBs) as part of the government's disinvestment plan. from Banking/Finance-Industry-Economic Times https://ift.tt/2Oy7b...

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Term life insurance premiums likely to increase again in FY22 because of COVID-19

Term life insurance premiums likely to increase again in FY22 because of COVID-19 from Banking/Finance-Industry-Economic Times https://ift.tt/3qISQ...

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India’s banks are on strike, here’s all the services affected today and tomorrow

India’s banks are on strike, here’s all the services affected today and tomorrow from Banking/Finance-Industry-Economic Times https://ift.tt/3vnzK...

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Banking services in Maharashtra hit as 40,000 bank employees, officers join two-day strike

The pan-India strike on March 15-16 has been called by the United Forum of Bank Unions (UFBU), an umbrella body of nine unions. It has claimed that about 10 lakh bank employees and officers of the banks are participating in the strike. from Banking/Finance-Industry-Economic Times https://ift.tt/3lfOS...

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Services at PSU banks hit as employees go on nationwide strike

Branches of ICICI Bank, HDFC Bank and Axis Bank are open as they are not part of the strike from Business Line - Money & Banking https://ift.tt/30L0k...

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Bank Privatisation: PSB employees on a two-day nationwide strike against the proposed measure

from Banking/Finance-Industry-Economic Times https://ift.tt/3qOmT...

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India to propose cryptocurrency ban: senior official

Recent govt comments had raised investors’ hopes that authorities might go easier on the booming market from Business Line - Money & Banking https://ift.tt/3eCQU...

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Bank strike: Key services to be hit as unions call 2-day agitation to protest privatisation

The strike comes after Union Finance Minister Nirmala Sitharaman's Budget announcement where she announced the privatisation of two public sector banks (apart from IDBI Bank) as part of the government's disinvestment drive to generate Rs 1.75 lakh crore. from Banking/Finance-Industry-Economic Times https://ift.tt/3eDdc...

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Zero merchant discount rate (MDR): Peer-to-merchant (P2M) volumes more than debit cards

UPI had been known more for running up high volumes in peer-to-peer (P2P) payments with the P2M piece accounting for 20-30%. That seems to have changed with social distancing norms and lockdowns across the country compelling a chunk of people to make payments digitally. from Banking & Finance – The Financial Express https://ift.tt/3qMLF...

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Payment System: Innovations like BNPL via POS have led to greater collaboration between fintechs, banks, NBFCs & payment networks

POS has emerged as the new OS that is driving growth for India's kirana stores, mom and pop shops, and other businesses, making them embrace digital payments in a big way. from Banking & Finance – The Financial Express https://ift.tt/3cthq...

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How health cover cushioned impact of Covid

Safeguarding public health was the main concern of the government, but for insurers, designing viable products was the goal from Business Line - Money & Banking https://ift.tt/3qKcX...

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Bank lending 50 per cent higher in October-February

Besides lending opportunities arising out of general economic revival and pick up in consumption demand, banks will also have an edge over NBFCs because of their access to low cost funds. from Banking/Finance-Industry-Economic Times https://ift.tt/3rOP4...

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Axis Bank looks to strengthen position in insurance sector

Signs agreements for 9.9% stake in Fettle Tone, promoter of Max Bupa Health Insurance from Business Line - Money & Banking https://ift.tt/2PTjc...

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Bank operations may be hit on Monday, Tuesday due to nationwide unions' strike

Services such as deposits and withdrawal at branches, cheque clearance and loan approvals would be affected due to the strike. from Banking/Finance-Industry-Economic Times https://ift.tt/2OMXI...

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Bank credit grows by 6.63%, deposits by 12.06%

Bank credit increased by 6.58 per cent to Rs 107.04 lakh crore and deposits rose by 11.75 per cent to Rs 147.81 lakh crore in the previous fortnight ended February 12, 2021. from Banking/Finance-Industry-Economic Times https://ift.tt/3rNv1...

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Bank credit grows by 6.63 per cent

Deposits grow by 12.06 per cent from Business Line - Money & Banking https://ift.tt/3vpNB...

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IndiaFirst Life considers premium hike amid rising claims ratio

IndiaFirst Life has one of the most competitive term insurance plans in the market in the last few years, IndiaFirst Life MD & CEO R M Vishakha claimed. from Banking/Finance-Industry-Economic Times https://ift.tt/3rLWf...

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Bank employees strike on March 15, 16

They are protesting the Government’s decision to privatise two PSBs from Business Line - Money & Banking https://ift.tt/3vpz6...

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