Page 244 - Finance News

Attrition high in private banks, they need to build core team: RBI's Das

Indian banking system and NBFC sectors at the moment are healthy and robust, said Das

BS BFSI Summit: Irdai considering SLBC-like body, says chairman Panda

At BS BFSI summit 2023, Panda expressed concern on rising cyber and climate-related risks and the need for insurance companies to develop policies that would address those

BS BFSI Insight Summit: Banks can't be technology companies, say CEOs

Banks have a great deal to learn from technology companies in terms of improving the way that business is conducted, they added.

Governance reforms to ensure higher growth for longer, say PSB chiefs

At BS BFSI Summit, Ashwani Kumar, MD, UCO Bank said the high frequency indicators like GST collections, e-way bills and order book of companies signal that growth momentum is likely to continue

Life insurance a sunrise sector poised for lift-off: CEOs at BS BFSI Summit

This capital gap alone shows the growth opportunity available in the life insurance industry over the next 10 to 15 years according to Naveen

BS BFSI Summit: SFB chiefs call for building services to become universal

At BS BFSI Summit 2023, Ittira Davis, MD and chief executive officer (CEO) of Ujjivan Small Finance Bank, said, there is a roadmap right now indicating the eligibility to become universal banks

BS BFSI Summit 2023: 'Short-term hiccups, long-term bull story intact'

Superior earnings growth macro-stability make India a standout major global market, say market mavens

BS BFSI Insight Summit: SBI to drive in with Yono 2.0 in nine months

Sees no concern on NPA front; macros in mint condition

RBI to regulate entities facilitating cross border payment transactions

Such entities will be treated as Payment Aggregator-Cross Border (PA-CB), the central bank said in a circular

BS BFSI Summit: 'Cybersecurity took a back seat in post-Covid Cloud rush'

Bellary pointed out that while the Cloud offered flexibility and agility to accelerate transformation significantly, cybersecurity is still trying to catch up

Credit growth to industry decelerated, improved for agriculture in Sep: RBI

Personal loan growth too decelerated to 18.2 per cent year-on-year in September 2023 (19.4 per cent a year ago), due to moderation in credit growth to housing, the central bank said

RBI asks private banks to have at least two whole-time directors: Explained

The Reserve Bank of India has directed private sector banks and wholly-owned subsidiaries of foreign banks to have at least two whole-time directors in addition to the MD and CEO

No concerns on asset quality front in foreseeable future, says SBI chairman

On creating a new position as an assistant general manager (deposit) for every branch, Dinesh Khara said that the Indian economy is evolving, and in order to grow, we need to generate more income

CRISIL downgrades rating on PTC Fin Services' non-convertible debentures

The Delhi-based finance company did not make any substantial disbursements during May-September 2023 due to lack of fresh funding

Unified regulator IFSCA like an agile startup: K Rajaraman at BFSI Summit

Chairman Rajaraman says banking and fund ecosystem at Gift City very robust

BS BFSI Summit: MDR necessary to drive growth in digital payments

Education and awareness among the masses will absorb more users in the fold of digital payments

BFSI, oil & gas sectors key drivers of India Inc earnings as IT slips

A slowdown in the IT services sector is expected to impact the growth of overall corporate earnings in the coming quarters

BS BFSI Summit 2023: Margins sacrosanct for NBFCs, says Umesh Revankar

Dwelling on the challenge of maintaining margins at BS BFSI summit, Umesh Revankar, executive vice-chairman at Shriram Finance, said margins are sacrosanct for the companies

India's long-term growth prospects remain strong, says MF CIO panel

At BS BFSI Summit 2023, Investment mavens say elections and global factors may lead to higher volatility in the short-term

RBI allows DCCBs to wind-up branches without prior notice to central bank

The decision to close down branches should be taken by the Board after taking into account all the relevant factors