Page 2 - Subrata Panda

NCLT okays HDFC, HDFC Bank merger, paving way for creation of finance giant

HDFC Bank awaiting clarity from the RBI on forbearances as merger gets last regulatory approval

Indian banking system is stable, resilient: RBI governor Shaktikanta Das

At a time when India has assumed the presidency of G20, Das said globalisation must produce better outcomes for all, and not just a few

Anup Bagchi to take over as MD & CEO of ICICI Pru Life Insurance in June

Bagchi will replace N S Kannan, the current MD & CEO, who will complete his five-year term, and superannuate from service in June

A year of reforms for insurance sector under Irdai's Debasish Panda

Irdai has also now provided more flexibility and autonomy to the boards of insurers in operational and financial decisions

Motor, health drive non-life industry growth; premiums up by 17% till Feb

However, inflation and slowdown in the economy continue as risks to the growth in the sector

Change of guard at LIC: M Jagannath, Tablesh Pandey appointed MDs

M Jagannath and Tablesh Pandey named as managing directors of state-owned firm

SVB crisis: IBA panel meet next week may discuss strategy to back start-ups

Banks need a multi-pronged strategy to boost presence in start-up ecosystem following SVB's collapse, say experts

Managing director Mohanty named LIC interim chairperson as Kumar era ends

Takes charge on March 14 for three months, faces challenges of LIC's falling market share and share price, apart from depleted value of its holdings in Adani group

Self-regulation useful tool for setting rules for fintechs: RBI's M K Jain

The central bank's deputy governor says RBI has endeavoured to find a middle ground trying to balance between the innovation brought by fintechs and the unique risk they introduce

Life insurers' new biz premium down 17% in Feb, LIC collections shrink 32%

February is generally one of the busiest periods for life insurance companies

HDFC Bank to launch revamped payments, banking application soon

To take on Google Pay, PhonePe with new PayZapp

A billion transactions a day can be processed through UPI: RBI governor

The objective of the mission, as part of Digital Payments Awareness Week (DPAW) 2023, is to make every citizen in the country opt for digital payments

RBI fines Amazon Pay (India) Rs 3 cr for not complying with PPI & KYC norms

Ola Financial Services, Obopay Mobile and Manapurram Finance other entities

After Bajaj Allianz, New India Assurance gets into surety bonds business

Surety bonds can help smaller infra developers compete with larger, more established ones for bigger contracts, the company said

Axis Bank completes acquisition of Citibank India's consumer business

This deal will have a 177 basis points bearing on Axis Bank's CET1 capital ratio

What Axis Bank's acquisition of its consumer biz means for Citi's customers

Products such as home loans and credit/debit cards will undergo no change; but in case there are changes, the customer will be duly informed

Insurance companies yet to see fire sale of high-value life policies

Expect higher sales of such policies in March

HDFC Ltd hikes home loan rates by 25 basis points effective March 1

ICICI Bank is offering a rate of 9 per cent to borrowers with a credit score of 800 and above as its festival offer pricing, until February 28

Explained: How RBI ensured payment system stayed Covid-proof

200 staff, bio bubble, three data centres among over 100 measures taken to preserve financial stability

It's a high-volume, low-margin game: PAs eye the online payments boom

Of the 28 new players, 19 have been granted in-principle authorisation by the central bank; the applications for the rest are under consideration