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BFSI

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

BFSI

‘Foreign’ private banks need government approval to back debt recast firm

Newsdesk -
The private sector India Debt Resolution Co (IDRCL) which is helping the public sector bad bank resolve non-performing assets (NPAs), will take some additional...
BFSI

EPFO fixes 8.1 per cent as interest rate on PF deposits for 2021

Newsdesk -
The Employees' Provident Fund Organisation (EPFO) has fixed 8.1 per cent as the interest rate on Provident Fund deposits for the current 2021-22. The...
BFSI

RBI lifts all restrictions new digital launches of HDFC Bank

Newsdesk -
HDFC Bank has said that the Reserve Bank of India (RBI) has lifted all the curbs imposed on the bank’s business generating activities. These...
BFSI

Government seeks Parliament nod for net additional spending of Rs 1.07 lakh crore

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The government on Monday seeks out Parliament nod for net additional spending of over Rs 1.07 lakh crore in the third batch of supplementary...
BFSI

Private Banks may outgrow PSBs in 2022

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As per the Fitch Ratings, large private banks are expected to maintain the decade-old trend of acquiring market share from state banks, whose growth...
Banking

Indians send more money to each other on UPI than to merchants

Newsdesk -
Person-to-merchant (P2M) transactions are less as compared to person-to-person (P2P) transactions on Unified Payments Interface (UPI). A report by NPCI has revealed that the...
BFSI

Survival of Indian payment systems without Visa and Mastercard

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With the recent suspensions of operations of Visa and Mastercard, the international card companies, have raised doubts on the dependence on these card companies....
BFSI

Surge in digital payments but cash dominates among women

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Although India has witnessed a tremendous surge in digital payments, cash still remains the most preferred mode of transaction among women. A report by...
Finance

Proposed digital currency (CBDC) by RBI to speed up transactions

Newsdesk -
As per the report of Deloitte, the proposed Central Bank Digital Currency (CBDC), which will be issued by the Reserve Bank of India, will...
BFSI

Commodities surge – Reserve Bank of India to normalize quickly

Newsdesk -
With an increase in global commodity prices, the Reserve Bank of India might feel the pressure to tackle inflation sooner than it had expected. As...
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