Banking & Bancassurance

Shaktikanta Das,,Governor,Reserve Bank of India

RBI Guv Shaktikanta Das Covid-19 positive, alerts those in touch recentl

Indian News       Oct 25, 2020

  Mumbai: Reserve Bank of India Governor Shaktikanta Das on Sunday said he has been tested positive for COVID-19 and will continue to work from isolation. Das said he is asymptomatic and has alerted those who came in contact with him in recent days. "I have...

Insures should partner banks to issue Surety Bonds​​​​​​​:IRDAI Panel

Indian News       Oct 19, 2020

, Hyderabad: A Working Group(WG),headed by former CMD of New India Assurance, G Srinivasan, on suitability of offering of Surety Bond bythe Indian insurance industry, has favoured such a move as it is a huge market that can be tapped by the isurance sector. .  ...

(L to R) M K Poddar, CMD, AIC and Easwaran V, MD and CEO, IPPB exchanging the documents for collaboration

India Post Payments to sell AIC’s Crop Insurance products

Indian News       Oct 19, 2020

  New Delhi: Agriculture Insurance Company of India  (AIC) and India Post Payments Bank (IPPB) have signed a Corporate Agency Agreement for distribution of AIC’s Crop Insurance products through the vast postal network of nearly 1.55 lakh post offices and 3 lakh postal employees across the...

Bank of England says company disclosures on climate risks will be mandatory

International News       Oct 19, 2020

London: Current rules on company disclosures to help markets price in risks from climate change will become mandatory, a senior Bank of England official said on Friday. It is the latest push in the financial sector to harmonize standards globally so that investors can better...

Retail cheque payments down to a trickle in FY20 to 2.96%: RBI data

Facts       Oct 18, 2020

  Mumbai: The aggressive push to a digital payments and settlement system has paid rich dividend to the Reserve Bank as the share of paper clearing in retail payments has come to trickle in FY2020, show the latest RBI data. In FY2020, the share of paper...

Women beneficiaries comprise maximum number of a/c holders under PMJDY at 55pc

Indian News       Oct 18, 2020

  New Delhi: More than half of bank accounts under the Pradhan Mantri Jan-Dhan Yojana (PMJDY) are held by women beneficiaries, according to an RTI reply. However, there is no gender-wise data when it comes to amount held by women and men account holders. The number...

Moratorium period exceeding six months may result in vitiating overall credit discipline: RBI to SC

Indian News       Oct 10, 2020

  New Delhi: A loan moratorium exceeding six months might result in vitiating the overall credit discipline, which will have a debilitating impact on the process of credit creation in the economy, the Reserve Bank of India has told the Supreme Court. In an affidavit filed...

Shaktikanta Das, Governor,RBI

No chage of rates for now,GDP likely to contract by 9.5% in 2021;RBI

Indian News       Oct 09, 2020

  MUMBAI The Reserve Bank of India (RBI) left key interest rates unchanged on Friday as widely expected, while retaining an accomodative monetary policy stance to support the coronavirus-hit economy. The monetary policy committee kept the repo rate, its key lending rate, at 4.0%, while the...

Axis Bank to offer pay hikes up to 12%

Indian News       Oct 06, 2020

Mumbai: India’s third-largest private lender is joining its larger rivals in offering pay hikes to staff even as the economic fall out of the coronavirus pandemic threatens profit growth. Axis Bank Ltd. will increase staff salaries between 4% and 12% from Oct. 1 based on...

16 to be interviewed on Oct 9 for selecting 2 IRDA members

Indian News       Oct 05, 2020

  New Delhi: After much delay due to prevailing Covid-19 Pandemic in the country, a top panel Cabinet Secretary Rajiv Gauba will interview a 16 short listed candidates,on Oct 9, virtually to select two members, for Distribution and Actuary, of the insurance regulator,IRDAI, . While 10...

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