The Sashakt Committee, headed by PNB non-executive chairman Sunil Mehta, has recommended changes in existing Inter-Creditor Agreement (ICA) to incorporate revised voting threshold and other changes for decision...
After linking its short-term loans and large savings deposits rates to the repo rate, the State Bank of India (SBI) has decided to introduce a repo rate-linked home...
On June 6, the 6-member Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) has reduced the repo rate by 25 basis points to 5.75% from...
The Reserve Bank of India (RBI) has constituted a six-member task force, headed by Canara Bank chairman T.N. Manoharan, on the development of secondary market for corporate loans....
The Reserve Bank of India (RBI) has constituted a 6-member committee to review the existing state of mortgage securitisation in India and suggest measures to deepen it. The...
German payments company Wirecard has teamed up with India to simplify the process of issuing tax identity cards required to open bank accounts, transfer money or complete business...
On May 17, Kerala became the first sub-sovereign entity in the country to access the international market by listing masala bonds issued through its off-budget mechanism – the...
Life Insurance Corporation Housing Finance (LIC HFL) has launched ‘Udyam’, a skilling center in Bengaluru. It was launched in association with Lok Bharti Education Society, the implementing partner....
Bharti AXA General Insurance, a private non-life insurer has collaborated with financial marketplace Wishfin’s insurance arm Wishpolicy, to offer two-wheeler insurance to customers via WhatsApp. This service option...
IRDAI (Insurance Regulatory & Development Authority of India) has set up a 13 member committee under Suresh Mathur, IRDAI Executive Director to review the regulatory framework on microinsurance...
Reserve Bank of India (RBI) would propose strict rules on opening and operating current accounts of corporate borrowers to prevent the diversion of funds. RBI had notified that...
