PhonePe deepens foray into India’s retail insurance sector

Last year, the Bengaluru-based fintech startup had entered the insurtech sector with an insurance corporate agent licence, which allowed the company to partner with only three insurance companies per category i.e. health, life and general.

from Banking/Finance-Industry-Economic Times https://ift.tt/3mL3OY6

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Bank of India executive director P R Rajagopal's tenure extended by two years

The central government vide notification No. dated 26 August 2021 extended the term of office of P R Rajagopal, Executive Director of the Bank for a period of two years, beyond his currently notified term or until further orders, whichever is earlier, the bank said in a regulatory filing.

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

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Regulatory bite gets sharper for banks and non-banks

RBI to no longer confine self to monetary penalties; imposes business restrictions on non-compliant regulated entities

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

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View: Google's push into Indian retail banking is a threat to traditional lenders

The environment is ripe for Silicon Valley to encroach into banking. Equitas doesn’t have a pre-existing relationship with the Google Pay customer to whom it’s marketing fixed-term products.

from Banking/Finance-Industry-Economic Times https://ift.tt/3kDCyI8

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It’s defining times for Urban Cooperative Banks

They must be brought to the forefront to be as important as the big corporates for the prosperity of the masses

from Business Line - Money & Banking https://ift.tt/38mBylZ

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