Bajaj Finance may spin off its payments business into separate subsidiary

In the next 3-5 years it is also expecting to meaningfully scale up platforms and apps launched in the past 4-5 years.

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Ashwani Kumar new MD & CEO of UCO Bank

Ashwani Kumar has been appointed as the new MD and CEO of city-based public sector UCO Bank with effect from June one. Prior to this, he was the executive director of the state-owned Indian Bank and is a qualified chartered accountant, a statement by the bank said on Saturday.

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Working expeditiously on integrating Sahara Life’s policyholders: SBI Life Insurance

IRDAI had Friday announced that SBI Life will take over Policy liabilities of two lakh policies of Sahara Life

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RBI proposes cyber security framework for payment system operators, seeks feedback by June 30

The central bank had first announced issuing such directions as part of the monetary policy statement of April 2022.

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RBI fines Indian Overseas Bank ₹2.2 crore for breach of multiple norms

RBI had conducted the Statutory Inspection for Supervisory Evaluation as per Indian Overseas Bank’s financial position as on March 2021, wherein it found contravention of certain provisions.

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