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BFSI

Explore the latest developments, insights, and trends in the BFSI (Banking, Financial Services, and Insurance) sector.

Banking

SEBI Proposes Revisions to Merchant Banking, BuyBack Regulations

News Desk -
The Securities and Exchange Board of India (SEBI) has released a discussion paper proposing significant amendments to the SEBI (Merchant Bankers Regulations) Regulations, 1992....
Banking

Banking Sector Achieves Net Profit Exceeding Rs 3.1 Lakh Crore in FY24

News Desk -
The banking sector in India has recorded a net profit exceeding Rs 3 lakh crore for the first time in FY24. Listed public and...
Economy

India Emerges as Premier Investment Hub Amid Shifting Global Trends, UN Report Reveals

News Desk -
In a recent update on the World Economic Situation and Prospects 2024, the United Nations Department of Economic and Social Affairs (UN DESA) revised...
Finance

PFC Announces Financial Results for 2023-24, Registers Highest Annual Profit

News Desk -
The Power Finance Corporation announced its financial results for the financial year 2023-24, at an event held in Mumbai today, May 15, 2024. The highlights are...
Economy

Public Sector Banks in India Record Historic Profits in FY24, Surpassing Rs 1.4 Trillion Mark

News Desk -
In a remarkable turnaround, the public sector banks (PSBs) in India have achieved a significant milestone by collectively surpassing Rs 1.4 trillion in cumulative...
Finance

EPFO Introduces Auto-Claim Settlement for Education, Marriage, and Housing Advances

News Desk -
Effective May 6th, 2024, Employees' Provident Fund Organization (EPFO) has launched an auto-mode settlement system for advance claims related to education, marriage, and housing,...
Banking

RBI Lifts Restrictions on Bank of Baroda’s Mobile App Bob World

News Desk -
The Reserve Bank of India (RBI) has granted Bank of Baroda to resume on-boarding customers through its mobile application, Bob World. This decision comes...
Banking

RBI Directs Non-Bank Lenders to Adhere to Cash Payout Limit for Loans

News Desk -
India's Reserve Bank, in a recent move, cautioned non-bank lenders against surpassing the permissible limit of ₹20,000 ($240) for cash loans, aiming to curb...
Banking

Banks Poised to Boost Productivity and Revenue with Generative AI Integration: Report

News Desk -
In a recent analysis conducted by IT giant Accenture, the potential impact of Generative Artificial Intelligence (GenAI) on the banking sector has been unveiled,...
Banking

RBI to Combat Cyber Fraud, Including Restrictions on Suspicious Bank Accounts

News Desk -
Reserve Bank of India (RBI) is poised to introduce new guidelines aimed at bolstering the country's defenses against the rising tide of cyber crime....
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