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BFSI

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

BFSI

HDFC Bank aims to reverse market share loss with new cards join spending

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The leading issuer of credit cards in India, HDFC Bank has lost market share in credit card spending between December and January, although its...
BFSI

Axis Bank introduces HouseWorkIsWork initiative

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Mumbai-headquartered Axis Bank has rolled out ‘HouseWorkIsWork’ initiative to offer an excellent opportunity to those who aspire to rejoin the professional space. Through this...
BFSI

RBI launches UPI123Pay that allows UPI payments on feature phones

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Shaktikanta Das, Governor, Reserve Bank of India has launched Unified Payment Interface (UPI) service for feature phones. Till now, UPI was only available across...
BFSI

RBI launched 24/7 helpline DigiSaathi for customer digital payment queries

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The Reserve Bank of India (RBI) in collaboration with the National Payment Corporation of India has launched the DigiSaathi, an initiative to assist and...
BFSI

IRDAI proposed third-party motor insurance for FY 2022-23

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The Insurance Regulatory and Development Authority of India (IRDAI) has proposed third-party motor insurance premium rates for cars, electric vehicles, two-wheelers, and other transport...
BFSI

Reason why personal cyber insurance is important for netizens

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India has witnessed a significant rise in cyber-crimes reported in 2020 from the previous year, with Uttar Pradesh and Karnataka accounting for the largest...
BFSI

RBI urges to maintain digital hygiene

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Concerned over a rise in digital frauds in recent years, the Reserve Bank of India (RBI) has asked people to never share confidential banking...
BFSI

Union Bank raises Rs 1,500 crore by issuing bonds

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Union Bank has issued Basel III compliant bonds to investors for raising Rs 1,500 crore. The bank has allotted unsecured, non-convertible, subordinate taxable perpetual,...
BFSI

India’s banking sector leading in implementation of AI

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A survey by PwC-FICCI has revealed that with the highest AI maturity index, the banking sector of India is leading in implementing and adopting...
BFSI

RBI imposed penalty on three cooperative banks

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The Reserve Bank of India (RBI) has imposed a penalty on three cooperative banks including Nagrik Sahakari Bank Maryadit, Raipur, Chattisgarh on account of...
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