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BFSI

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

News

PFC Secures $1.265 Billion Foreign Currency Term Loan to Boost Green Energy Transition

News Desk -
Power Finance Corporation (PFC), a Maharatna company and one of India’s leading non-banking financial corporations (NBFC) in the power and infrastructure sector, announced the...
BFSI

Government Considers New Regulatory Mechanism for Foreign Direct Investment Oversight

News Desk -
The Government of India is considering establishing a regulatory mechanism to review and monitor foreign direct investment (FDI) inflows into the country, according to...
BFSI

India’s Current Account Deficit Widens in April-June Quarter

News Desk -
India's current account deficit (CAD) widened to $9.7 billion, or 1.1% of GDP, in the April-June quarter of fiscal 2024, compared to $8.9 billion,...
BFSI

RBI Deputy Governor Urges Small Finance Banks to Strengthen Risk Management and Cybersecurity

News Desk -
In a move to bolster the operational resilience of Small Finance Banks (SFBs), Reserve Bank of India (RBI) Deputy Governor Swaminathan J. emphasized the...
News

NBFC Sector Displays Resilience Amid Scale-Based Regulations, Reports RBI

News Desk -
In a recent article published in the September 2024 edition of the RBI Bulletin, Reserve Bank of India (RBI) officials lauded the resilience of...
BFSI

RBI Innovation Hub Unveils MuleHunter AI to Tackle Fraudulent Mule Accounts

News Desk -
The Reserve Bank of India Innovation Hub (RBIH), a wholly-owned subsidiary of the Reserve Bank of India (RBI), has developed and showcased its artificial...
Appointment

Punjab & Sind Bank Appoints Rajeeva as ED

News Desk -
Punjab & Sind Bank has announced Veteran Banker Rajeeva as its Executive Director. Prior to his elevation as Executive Director of Punjab & Sind Bank, he...
BFSI

RBI Slaps Penalties on Five Entities, Including CSB Bank, Union Bank of India, and Muthoot Housing Finance, for Regulatory Violations

News Desk -
The Reserve Bank of India (RBI) has imposed monetary penalties on five financial institutions, including CSB Bank, Union Bank of India, and Muthoot Housing...
BFSI

Tata Capital Transitions to NBFC-ICC Following Major Merger, Eyes Public Listing by 2025

News Desk -
Tata Capital, a key subsidiary of Tata Sons, has successfully converted into a Non-Banking Financial Company – Investment Credit Company (NBFC-ICC) from its previous...
News

RBI, CM Sukhvinder Singh Sukhu Discuss Financial Literacy Initiatives in Himachal Pradesh

News Desk -
Reserve Bank of India (RBI) Regional Director Anupam Kishore met with Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu on Tuesday to discuss strategies to...
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