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ICICI Bank launches co-branded credit cards with Emirates Skywards: Here’s what you need to know
ICICI Bank is the first Indian bank to partner with Emirates Skywards to offer the exclusive range of credit cards in the country.
US majors still dominating cards, payments ecosystem; homegrown companies gain ground
Over 66% share in UPI payments, 50% in card transactions
All you need to know about mutual fund schemes that offer insurance covers
You can avail of the insurance option while filling out the SIP investment form. You will get group insurance policy offers at no cost.
RBI launches UPI123Pay that allows UPI payments on feature phones
So far UPI was available only across all smartphones in India but with the latest move, feature phone users will also be allowed to send and receive payments. Additionally, the central bank also launched a 24x7 helpline for digital payments called DigiSaathi.
EPF meet: FY22 rate may be higher than return on its own investments
The EPFO’s Central Board of Trustees (CBT) had in March last year finalised a recommendation of 8.5 per cent interest rate for the previous financial year 2020-21, which though was the same as last year’s, was the lowest offered by EPFO in eight years.
RBI to focus all energies on accelerating recovery: Patra
“Our sense is that headline inflation has peaked in January and from hereon it will ease down to the target of 4 per cent by the last quarter of 2022,” he said.
Maintain constant vigil on financial sector, work to achieve inclusive growth: FM to regulators
The Financial Stability and Development Council (FSDC) meeting attended by various financial sector regulators, including RBI Governor Shaktikanta Das, comes against the backdrop of rising tension between Russia and the US over Ukraine.
RBI cautions public against prepaid payment instruments issued by unauthorised entities
RBI said sRide Tech Private Limited is operating a semi-closed (non-closed) pre-paid instrument (wallet) through its car-pooling app 'sRide' without obtaining the required authorisation from RBI under the provisions of the Payment and Settlement Systems Act, 2007.
FM Sitharaman asks banks to be more customer-friendly
However, the minister made it clear that banks do not have to be lenient on credit underwriting standards by taking any adverse risks on a proposal.
In 16% jump, EPFO adds 14.6 lakh subscribers in December
Approximately 5.49 lakh net subscribers exited but rejoined EPFO by opting to continue their membership with EPFO by transferring their PF accumulations from previous to present PF account instead of opting for final withdrawal.
Palanivel Thiaga Rajan interview: Power being taken from states to the Union, creating complexity
'Why should it be in the Union’s interest that you cannot prepay? On what logic does it make sense? what purpose is served by not allowing prepayment?'
Alternative investment policy: Sebi rejigs panel
The committee is chaired by Infosys co-founder N R Narayana Murthy. Apart from Murthy, the committee includes members from Sebi, Ministry of Finance, AIF players and industry associations.
FM calls for bridging global infrastructure funding gap
She backed the efforts being made for scaling up sustainable finance instruments, with a focus on improving accessibility and affordability.
Five ways to help your retiring parents with their investments
Depending on the monthly pension may not be a good idea as often the funds may not be adequate to meet rising expenses.
Cryptos ‘worse’ than ponzi: RBI DG
“More substantially, they can (and if allowed most likely will) wreck the currency system, the monetary authority, the banking system, and in general Government’s ability to control the economy,” Sankar said.
No effort to delay ABG Shipyard case: SBI
Account has been declared a fraud involving Rs 22,842 crore; first complaint with CBI filed in November 2019, second in December 2020, says bank
Nod to at least one global chipmaker by March 31; 2024 target for first fabrication unit
Meity in talks with Labour Ministry for on-site staff housing plan
RBI: Inflation to be lower at 4.5% in FY23, rising oil prices pose ‘risks’
Moreover, the softening of pulses and edible oil prices is likely to continue in response to strong supply side interventions by the Government and increase in domestic production, it said.
RBI Governor: Cryptos have no underlying asset… not even a tulip
RBI Governor Shaktikanta Das said that the central bank is moving cautiously on the introduction of central bank digital currency.
EPFO may invest in private corporate bonds
As per the current investment pattern, the EPFO can invest up to 20 per cent of its annual incremental deposits — around Rs 36,000 crore at present — in corporate bonds.
‘Normalisation’ may kick off: RBI likely to hike reverse repo
With the Covid pandemic impacting the recovery, there could be a slight downward revision in the GDP growth rate for FY22, analysts said.
Covid hits foreign ops: Branches, staff, income of Indian banks fall
According to the RBI, the number of foreign branches of Indian banks declined from 137 in 2019-20 to 121 in 2020-21 and foreign subsidiaries fell from 381 to 377. The decline coincided with the Covid-19 pandemic which hit most parts of the world in 2020.
Bank of India Q3 profit surges 90% to Rs 1,027 crore
However, total income during the quarter was down at Rs 11,211.14 crore as against Rs 12,310.92 crore in the same period a year ago, BoI said in a regulatory filing.
Govt getting ready to sell IDBI Bank, may keep some stake: Top official
The government will also file the Draft Red Herring Prospectus (DRHP), or the primary prospectus, of Life Insurance Corporation (LIC) with the market regulator next week, and expects to list it on stock exchanges by the end of the financial year.
HSBC Insurance eyes buying PNB stake in Canara HSBC OBC Life Insurance
The erstwhile OBC held 23 per cent stake in the life insurer, which by virtue of amalgamation in FY20 is now with PNB.
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Mar 15: Latest News
Kabaddi player Sandeep Nangal Ambian shot dead during match in Jalandhar
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