Page 15 - Finance

Govt appoints Rajay Kumar Sinha as Irdai's member for three years

Sinha is currently serving as the Managing Director and Chief Executive Officer of SBI Capital Markets, the investment banking arm of the State Bank of India

Term insurance test and getting into movies: Top personal finance stories

This week we explain how self-employed people can get term insurance and how train for a career in showbiz

Bandhan Bank advances in Q3 FY24 increase by 18.6% to Rs 1.6 trn

Total deposits grew 14.8% to Rs 1.17 trn, lender tells exchanges

Flows into NRI deposits double Y-o-Y to $6.11 billion in April-October 23

Flows into Foreign Currency Non-Resident (FCNR) moved back to positive territory with $2.06 billion in April-October 2023 as against an outflow of $814 million in the same period of 2022

'Cut essential to check high real interest rate', says RBI MPC member

Jayanth Varma, an external member of the RBI's Monetary Policy Committee, has stated that an interest rate cut is required to prevent excessive real interest rates amid changing economic landscape

Reserve Bank explores stringent measures to combat illegal forex trading

The RBI has compiled an alert list comprising 75 entities, including unauthorised platforms and websites involved in unauthorised forex transactions

Formal, casual, always classy: Blazers suit all your style needs

It is a myth that the blazer is meant for the office and that it only comes in dark or grey

Insurance broking startup Finhaat raises $3 mn for business expansion

Company says technology-driven platform will improve accessibility to insurance

S&P downgrades Vedanta Resources to 'CC' on potential bond extensions

The ratings remain on CreditWatch with negative implications, where they were first placed on September 29, 2023

RBI cautions states with over 4% fiscal deficit, urges tax reforms

Says returning to OPS would put substantial burden on finances

NIIF-backed shadow bank considers raising $100 mn with $600 mn valuation

The Indian shadow bank aims to complete the funding round by the end of March, said another person. Deliberations are ongoing and details of the fundraising could still change

Tech transfer, finance for energy transition still a challenge: Min Yadav

Technology transfer and finance for low-carbon transition of hard to abate sectors like iron, steel, cement, and transport remains a challenge, Environment Minister Bhupender Yadav said at the UN climate talks on Sunday. Addressing an event, he said the global industrial landscape has seen a significant shift since the launch of LeadIT, an initiative focusing on low-carbon industrial, in 2019. "However, the real transition challenges of technology transfer and finance are yet to be addressed," he said. Yadav emphasised collaborative international mechanisms to tackle challenges, particularly barriers like intellectual property rights for technology transfer. He described the India-Sweden LeadIT partnership as an alliance to address the climate crisis and harmonise industries with the environment. The minister encouraged stakeholders to collaborate on innovation, technology, and collaboration to build a sustainable, inclusive industry for the future. Swedish Minister of Climate an

L&T Finance announces completing merger of 3 subsidiaries with itself

Merger will create "sustainable value" for stakeholders and help governance, says NBFC

Three financial planning mistakes experts make

Your financial plan should not be based on slogans or catchphrases. Instead, keep asking why till you agree with the rationale behind your plan

RBI approves Hinduja Group directors on board of bankrupt Reliance Capital

Central bank clears resolution plan for Reliance Capital by IIHL BFSI (India)

Signing off for Diwali: The best holiday destinations for the season

As winter sets in and large parts of India battle smog, people are taking a short break in places that offer respite

NPS Rules: PFRDA to allow users to withdraw up to 60 per cent pension fund

PFRDA has started the process of implementing new rules which will allow users to withdraw up to 60 per cent of their pension corpus. Here's all you need to know

SBI can fend off rising risks In personal loans, says S&P Ratings

SBI's personal loans are growing faster than the rest of its portfolio. However, the bank's customer selection mitigates the associated risks

BFSI highlights: Q2 GDP numbers will surprise all on upside, says Guv Das

India's highest decision-makers brainstorm on the country's future growth trajectory and maintaining financial stability amid global headwinds at BS BFSI Insight Summit today

BFSI highlights: Quality should get rewarded, says IFSCA chairperson

India's highest decision-makers brainstorm on the country's future growth trajectory and maintaining financial stability amid global headwinds at BS BFSI Insight Summit today