Page 60 - Subrata Panda

HDFC Bank writes to RBI, seeks approval to hold 50% stake in HDFC Life

Lender wants either be allowed to hold a 47.82 per cent stake HDFC Ltd in the insurer or buy additional stake in the company from the market

How Axis Bank gains from Citibank: It's about quality of customers

The quality of customers it acquires holds the key to success but the benefits of the buyout could kick in only from FY25

Paid back PMC depositors Rs 3,800 crore: Centrum Group's Jaspal Bindra

This is more than two years after PMC went bust and the Reserve Bank of India (RBI) imposed restrictions on the amount the depositors can withdraw

Citi credit card business losing steam in India, shows data

In a span of almost four years, Citibank has lost 600-basis points (bps) in spends market share.

UPI processes 5 bn transactions in March, gets set for new record

The platform's target is to process a billion transactions a day in the next three to five years.

We want to increase our offline capability, says Policybazaar.com CEO

The demand for term products is always there. The problem is the supply: Policybazaar.com CEO

Digital payments spike, but cash circulation still high, shows data

UPI has been the biggest beneficiary of the digital payments drive.

HDFC approves retail home loans to the tune of Rs 2 trillion in FY22

The demand for housing loans is being driven by first time homeowners as well as by those who are looking to move up the property ladder.

Decoded: What is Nexus and how it will help India stit­ch bilateral deals

Conceptualised by the Bank for International Settlements (BIS), Nexus is a model for con­necting instant payment systems (IPS) of various countries

GST on insurance premiums should be reduced to 5% or nil: SBI Research

Govt may look to reduce GST on insurance premiums and enrol the workers of MNREGA under the PMJJBY, PMSBY to increase insurance penetration

RBI continues to support growth, rupee: Governor Shaktikanta Das

India comfortably placed to deal with spill-overs from Ukraine crisis, says Das

Covid-19 survivors likely to go off health insurance cover wait list

When Covid was at its peak, some insurers had introduced a "cooling-off" period -- a duration during which consumers could not apply for a health insurance policy if they had contracted Covid.

Life insurers eye double-digit growth as Covid-19 pandemic pain eases

The new business premia (NBP) of the industry have grown at 8.43 per cent in the first 11 months of the current financial year (FY22)

NPCI launches on-device wallet feature for UPI users for small transactions

Initially, UPI Lite will process transactions for NPCI wallet in near offline mode i.e., debit offline and credit online.

Tech-ready: HDFC Bank lines up digital launches in two-three quarters

In the upcoming two/three quarters, the bank is looking to launch a revised version of its payment app, PayZapp

Recouping lost credit card share to be 'gradual', says HDFC Bank

Analysts expect the bank's underperformance to reverse

Reserve Bank of India removes interest cap for microfinance loans

Annual income criteria for loans hiked to Rs 3 lakh

Crude prices risk can be treated as supply shock: RBI deputy governor Patra

Michael Patra adds that while geopolitical fallout is being assessed, it is reasonable to treat it as a supply shock at this stage in setting monetary policy

Hospital regulation, insurance penetration key tasks for new Irdai chief

Debasish Panda, former secretary, Department of Financial Services, to the top position of the Insurance Regulatory and Development Authority of India (Irdai) for three years