Fintech execs eye new e-pay entity’s licence

ItzCash founder Navin Surya and Infibeam Avenues executive director Vishwas Patel are joining forces to set up a new firm to apply for the NUE licence with the RBI.

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

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Banks will offer more doorstep services soon: Rajkiran Rai, Union Bank of India MD

IBA is coordinating the government’s initiative to provide doorstep banking as a chargeable, outsourced service. This is particularly relevant to senior citizens, who should not be out during Covid.

from Banking/Finance-Industry-Economic Times https://ift.tt/3f1jLTU

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Banks likely to be less inclined to restructure stressed assets in H2

“Even though we have to do 15% provisioning for declaring NPAs, compared to 10% in the debt restructuring scheme, we find the former a better option in many cases,” said a bank official.

from Banking & Finance – The Financial Express https://ift.tt/35w3kfo

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Sales of ULIPs are likely to start picking up: Tarun Chugh

The life insurance sector, which has slowly been seeing a revival, should register growth from the fourth quarter this fiscal, believes Tarun Chugh, M

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Facility for obtaining electronic customer consent extended till March 2021 for life insurers

On a review of the working of the arrangement and on the basis of feedback from the life insurers, the Insurance Regulatory and Development Authority of India (IRDAI) has now extended the time period and the facility to all products.

from Banking/Finance-Industry-Economic Times https://ift.tt/3ntax6a

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