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Mandate creation through UPI dips in sync with muted IPO show in September

Some 3.03 million mandates were created through UPI, down 48.3% over last month, according to NPCI data

Need of the hour is to focus on supply-side reforms, says RBI

Says policy support for sustained, inclusive recovery may be needed for longer

RBI to bring in framework for retail digital payments in offline mode

The central bank has enhanced the transaction limit under IMPS from Rs 2 lakh to Rs 5 lakh

Dramatic improvement in asset quality post June: Amitabh Chaudhry

'The RBI has started normalising its extraordinary injection of liquidity in a calibrated manner', said Chaudhry

Bombay HC dismisses plea filed by Srei Group promoters against RBI

Adisri Commercial Pvt Ltd had filed a writ petition on Wednesday against the RBI challenging the order and has also sought a stay on initiating insolvency proceedings against Srei Infrastructure Fin

Life insurers see impressive 22% YoY growth in new business premium in Sept

While private insurers, 23 in total, saw their NBP go up over 42%, LIC saw a 12 per cent rise

ZEEL moves NCLAT for more time to file reply to Invesco's plea

The company is also calling for a stay on the proceedings in NCLT till the matter is decided in the appellate tribunal

Srei files writ petition in Bombay High Court against RBI

The matter will be heard on October 7

NCLT asks Zee to file reply to Invesco's plea for EGM by Oct 7

Zee argues that Invesco's plea should be dismissed as the petition is seeking ad-interim relief as its final relief

How new auto-debit rules that require customer consent will impact you

All kinds of recurring or auto-debit payments now require the customer's consent before they are cleared, mandate RBI's new rules. What does this mean and how will it impact you?

Invesco asks NCLT to make 'mandatory order' directing Zee to call for EGM

Zee says Invesco's plea is not maintainable; matter to be heard again on Tuesday

Metlife to hike its stake in PNB Metlife to 47.32% in Rs 1,906 cr deal

Signs share purchase agreement with IGE (India) Pvt Ltd and Elpro International Ltd to acquire their combined holding of 15.27% in PNB MetLife India Insurance

Health insurance dominates premium mop-up; motor and crop recover

General insurers have seen Covid-related health claims mount, especially after the second wave of the pandemic

Insurers likely to further tighten underwriting norms for term plans

The source also added that retail term plan prices may go up further, even though the reinsurer has not specified it at this point in time

UPI IPO mandate creation dips in August despite best mop-up in 4 years

5.9 mn mandates were created compared to 7.7 mn in July

HDFC Bank ties up with Paytm to issue co-branded credit cards from Oct

The credit cards will be launched in October during the festive season to tap into the high consumer demand for credit cards

DishTV seeks more time for AGM after Yes Bank notice regarding directors

Time sought to allow firm to comply with all applicable laws in respect of the notices and ensure it does not default on regulatory and lender covenants

We're looking to onboard 20-25 mn wallets by March 2023: Bajaj Finance MD

In an analyst call held by Morgan Stanley, Rajeev Jain says his firm is on course to apply for various licenses that are needed to be a full-service payments player

Inflation is moderating faster than foreseen, proves MPC's call right: RBI

The glide path should take inflation down to 5.7% in 2021-22; below 5% in 2022-23, and closer to 4% by 2023-24, said DG Patra

State Bank of India, Bank of Baroda reduce home loan rates by 25-45 bps

For new home loans of Rs 75 lakh and above, SBI will charge 6.7 per cent as against the previous 7.15 per cent