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Credit card linkage to UPI: Uncertainty over pricing leaves players in dark

There is no clarity on whether linking to UPI facility will be extended to credit cards of other card networks, such as Visa, Mastercard, American Express, etc

Now, life insurers can introduce products without Irdai's prior approval

Currently, all life insurance products and riders require prior approval of the insurance regulator before launch

Over 4.5-million IPO mandates created via UPI in May, shows data

In May, 4.5 million IPO mandates were created through UPI and a record 2.4 million mandates got executed, data shows

RBI policy effect: Loans to get more expensive as banks hike lending rates

ICICI, BoB take the lead; Kotak Bank ups deposit rates

With month to go for card-on-file tokenisation, firms set up solutions

Merchants and other entities that have stored card details of customers will have to purge the data and apply tokenisation

RBI allows credit cards to be linked to UPI; marks shift from 'pay now'

Initially, home-grown card network Rupay Credit cards will be linked with UPI

RBI raises repo rate to 4.9%; expects inflation to hurt for 3 quarters

Inflation forecast increased to 6.7% for FY23; GDP forecast retained at 7.2%

BoI contests maintainability of Amazon's intervention plea in FRL case

NCLT to hear matter on June 10; asks bank to respond to Amazon's intervention application; lender says will file reply without prejudice

Irdai eases capital requirement for insurers to offer PMJJBY schemes

PMJJBY provides life insurance cover worth Rs 2 lakh to all account holders aged 18-50 years

More flexibility for insurers as Irdai eases health product approvals

Move will help firms adapt to changing customer preferences

Irdai extends 'Use & File' procedure to health and general insurance plans

Currently, insurance companies have to obtain prior approval from the insurance regulator to launch new products

HDFC Bank sees profits more than doubling to $15 bn in 5 years after merger

CEO Sashidhar Jagdishan tells analysts merger with HDFC gives the lender the opportunity to double its balance sheet every five years

EMIs to hurt more as PNB, ICICI Bank, HDFC hike interest rates

Third hike by HDFC in a month, ICICI increase steepest at 30 basis points

UPI processed nearly 6 billion transactions worth Rs 10 trillion in May

NPCI sets its eyes on processing a billion UPI transactions a day on its platform within the next 3-5 years

Dominance won't fade even if obligatory cession is zero: GIC Re chairman

'In the Indian market, the four big businesses are motor, health, fire, and agri'

LIC booked Rs 42,000 cr profit from equity markets in FY22, up 16% YoY

The LIC management clarified on Tuesday that profit should be looked at from the full-year perspective

LIC's Q4 net profit falls 18% to Rs 2,372 cr, firm declares Rs 1.5 dividend

In FY22, LIC reported a net profit of Rs 4,043.12 crore from Rs 2,900.56 crore in FY21, up 39.4 per cent on a year-on-year (YoY) basis

Focus on emerging risks in fintech space, says RBI annual report

"The central bank, while encouraging innovation, is also factoring in emerging risks in the fintech segment. Greater use of technology accentuates the concerns related to cyber security,"

Piramal Group not eligible to acquire Reliance Capital, says Irdai

Group has promoter stake in Pramerica Life Insurance

Dilemma over bank licences: NBFCs struggle to make the cut for RBI's rules

The RBI has also tightened guidelines, narrowing the regulatory arbitrage that existed between NBFCs and banks