PFRDA proposes composite social security scheme for low-income persons, says chairman

The authority has suggested to the Finance Ministry that a comprehensive social security scheme can be explored for people having low income, according to PFRDA Chairman Supratim Bandyopadhyay.

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

Read more »

Bank unions raise concerns over FM’s stimulus package

SurabhiBankers and bank unions have expressed concerns about the economic stimulus package outlined by Finance Minister Nirmala Sitharaman and have c

from Business Line - Money & Banking https://ift.tt/3dZyRrz

Read more »

Covid-19: SBI asks branches to up vigil against financial crimes

K Ram KumarRealising that the Covid-19 pandemic could spawn ‘innovation’ in financial crimes, State Bank of India (SBI) has asked its operating units

from Business Line - Money & Banking https://ift.tt/2Z8lb9n

Read more »

RBL Bank expects dip in new credit cards, spends in FY21

Usually, banks have a lower reliance on the credit cards segment for their advances because it is an unsecured product, but it's segmental head Harjeet Toor said the bank has been using a slew of analytics capabilities to grow in the category without increasing its delinquencies. In FY21, the bank expects to sell only over 5 lakh credit cards as against the 13 lakh earlier.

from Banking/Finance-Industry-Economic Times https://ift.tt/365LFty

Read more »

No fresh insolvency to be initiated for 1 year under IBC: FM

Also, the government allowed companies to directly list securities in permissible foreign jurisdictions.

from Business Line - Money & Banking https://ift.tt/2T7JQaj

Read more »