Total balance in Jan Dhan accounts goes down by ₹2,787 crore in April

Rural spread of Covid, loss of earnings driving withdrawals

from Business Line - Money & Banking https://ift.tt/3f3qFsd

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Navi Finserv to offer home loans in Hyderabad

To offer loans from ₹10 lakh to ₹1.5 crore

from Business Line - Money & Banking https://ift.tt/2RBPB2b

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Max Bupa settles over Rs 150 cr Covid claims so far; closely watching impact on premium: Official

"At Max Bupa we have paid Covid claims to total of 14,500 customers. In the year 2020 it was around 10,000 in a span of eight months whereas in 2021 we have witnessed 4,500 claims in a span of just three months. We have settled Covid claims of more than Rs 150 crore with an average claims size of Rs 1.45 lakh," Bhabatosh Mishra, Director Underwriting, Products and Claims, Max Bupa told .

from Banking/Finance-Industry-Economic Times https://ift.tt/3xWWI5U

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Robust regulatory framework needed to deal with 'open banking' challenges: Experts

Sivarama Krishnan, Partner & Leader, Cybersecurity, PwC India, pitched for a three-level governance model to deal with the security issues concerning open banking, stressing that with open API (application programming interface) and disruptive innovations regulated entities will integrate even deeper with the external world.

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

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National Asset Reconstruction Company to be operational next month: IBA CEO

NARCL, name coined for the bad bank, refers to a financial institution that takes over bad assets of lenders and undertakes resolution.

from Banking/Finance-Industry-Economic Times https://ift.tt/3heU4m2

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