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Kotak Mahindra Bank cuts home loan interest rate by 15 bps to 6.5%

This is a limited period offer, valid for 60 days, beginning September 10

At 3.5 billion transactions in August, UPI clocks 120% surge in volume

In value terms, UPI saw transactions worth Rs 6.39 trillion in August, which is again a record high

Madras HC puts order on bumper-to-bumper cover for new vehicles on hold

Will hear the General Insurance Council on September 13

Madras HC puts order on bumper-to-bumper cover for new vehicles on hold

Will hear the General Insurance Council on September 13

NCLT Mumbai orders freeze of Videocon group promoters' assets

It has directed the erstwhile promoters of Videocon group to disclose in an affidavit their moveable and immovable properties/assets

Shares of AU SFB come under pressure amid top-level resignations

Shares of Jaipur-based private lender tumbled on Tuesday in a rising market, following early morning reports of another top-level exit from the bank, that of Sumit Dhir, its head of Internal Audit

RBI receives two more applications for SFB licence

Cosmea Financial Holdings Pvt Ltd and Tally Solutions Pvt Ltd have applied to the RBI for an SFB licence

Insurers receive 1.42-million Covid-related claims in FY22, shows data

According to General Insurance Council data, in FY22, as of August 27, they have received more than 1.42 million claims, worth Rs 15,956 crore

'Bumper-to-bumper' insurance: HC order to make cars costly, say experts

If the order is implemented, it will lead to an increase in the insurance outgo for car owners by a minimum Rs 50,000 for car and a minimum of Rs 7,000 for two-wheeler owners

Delay in third-party premium hike hurting balance sheets: Insurers

The insurance regulator had proposed a hike in third-party premium for FY21 but it was put on hold to provide relief to policyholders during the pandemic

FM Sitharaman asks PSBs to conduct credit outreach programme across India

The government will look to amalgamate or disinvest in entities in the financial sector after ensuring that it has minimum presence, she said

Carol Furtado to be Ujjivan SFB's interim CEO after surprise exit of Chugh

Furtado will be leading the charge of handling the day-to-day operations of the bank

Won't exit fully, but will ensure minimum govt presence in insurance: FM

Sitharaman says may even think in terms of amalgamating, or disinvesting in some entities where even bare minimum is not needed

Health portfolio continues to drive premium growth of non-life insurers

In the April-July period of FY22, the health portfolio has grown 34.2 per cent, which is significantly higher than the 9.9 per cent growth seen in the same period last year

HDFC Bank to issue 300,000 credit cards a month to regain lost market share

Will raise issuance to 500,000 credit cards per month beginning February 2022

Customers in limbo as banks, payments firms, RBI seek to settle 2 issues

Regulating how payment facilitators store customers' card details and auto-renewal of payments puts industry at crossroads.

Ujjivan Small Finance Bank's board to meet on August 25 to select OSD

The OSD would work as the interim chief executive after Chugh leaves and till a full time MD&CEO is appointed

Growth in currency in circulation halves to 10% post-second wave

It is too early to say if people have overcome their fears leading to cash hoarding, but the trend, if it sustains, is encouraging

ICICI Bank gained more than 1.3 million credit cards since December

ICICI Bank was been the biggest gainer in the December-June period

Don't see term product prices rising: HDFC Life MD & CEO Vibha Padalkar

Vibha Padalkar talks about the adequacy of reserves the company set aside for future claims and the impact of higher claims on term prices, among others