Page 41 - Subrata Panda/workspace/business Standard Web/video

Phasing out? Only 15-20% of ATMs dispense Rs 2,000 currency note

Cash dispensers reconfigure cassette with lower denominations

Rate transmission better in easing cycle than tightening period

Experts said, generally, in an easing cycle banks tend to reduce the interest rates on deposits faster than on loans to protect their margins

High-value life insurance policy sales fail to pick up in Feb-March

This is despite a new tax being introduced from April 1

Outward remittances under RBI's LRS in April-January surpass FY22

The figure in FY22 was the highest ever in any financial year

UBS needs RBI approval to operate Credit Suisse as a bank in India

This is because UBS had surrendered its bank licence about a decade back after the banking regulator denied its request to offer wealth management services

HDFC twins' merger: RBI may take call on relaxations closer to date

HDFC Bank expects merger to be completed by July this year

NCLT okays HDFC, HDFC Bank merger, paving way for creation of finance giant

HDFC Bank awaiting clarity from the RBI on forbearances as merger gets last regulatory approval

Indian banking system is stable, resilient: RBI governor Shaktikanta Das

At a time when India has assumed the presidency of G20, Das said globalisation must produce better outcomes for all, and not just a few

Anup Bagchi to take over as MD & CEO of ICICI Pru Life Insurance in June

Bagchi will replace N S Kannan, the current MD & CEO, who will complete his five-year term, and superannuate from service in June

A year of reforms for insurance sector under Irdai's Debasish Panda

Irdai has also now provided more flexibility and autonomy to the boards of insurers in operational and financial decisions

Motor, health drive non-life industry growth; premiums up by 17% till Feb

However, inflation and slowdown in the economy continue as risks to the growth in the sector

Change of guard at LIC: M Jagannath, Tablesh Pandey appointed MDs

M Jagannath and Tablesh Pandey named as managing directors of state-owned firm

SVB crisis: IBA panel meet next week may discuss strategy to back start-ups

Banks need a multi-pronged strategy to boost presence in start-up ecosystem following SVB's collapse, say experts

Managing director Mohanty named LIC interim chairperson as Kumar era ends

Takes charge on March 14 for three months, faces challenges of LIC's falling market share and share price, apart from depleted value of its holdings in Adani group

Self-regulation useful tool for setting rules for fintechs: RBI's M K Jain

The central bank's deputy governor says RBI has endeavoured to find a middle ground trying to balance between the innovation brought by fintechs and the unique risk they introduce

Life insurers' new biz premium down 17% in Feb, LIC collections shrink 32%

February is generally one of the busiest periods for life insurance companies

HDFC Bank to launch revamped payments, banking application soon

To take on Google Pay, PhonePe with new PayZapp

A billion transactions a day can be processed through UPI: RBI governor

The objective of the mission, as part of Digital Payments Awareness Week (DPAW) 2023, is to make every citizen in the country opt for digital payments

RBI fines Amazon Pay (India) Rs 3 cr for not complying with PPI & KYC norms

Ola Financial Services, Obopay Mobile and Manapurram Finance other entities

After Bajaj Allianz, New India Assurance gets into surety bonds business

Surety bonds can help smaller infra developers compete with larger, more established ones for bigger contracts, the company said