Search For "banks"
RBI to tighten noose on mis-selling of financial products; issues draft am
Updated : 1 week ago IST
A key highlight of the draft directions is a clear prohibition on "compulsory bundling," defined as making the availability of one product or service conditional upon the purchase of another, whether offered by the bank itself or a third party. The RBI has also introduced a detailed definiti
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Bisleri International Reinforces Circular Economy Vision at PLAST INDIA 20
Updated : 1 week ago IST
New Delhi [India], February 11: Bisleri International's sustainability initiative, Bottles for Change, marked a strong presence at PLAST INDIA 2026 - one of the world's largest plastics industry exhibitions. The Bottles for Change stall located in the Open Museum Area showcased products made
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PickMyWork raises capital from Silicon Valley Billionaire Tim Draper
Updated : 1 week ago IST
Gurgaon (Haryana) [India], February 11: PickMyWork, a tech-enabled fintech distribution platform that helps banks and financial institutions acquire customers through a nationwide network of gig workers, has raised $500,000 in funding from Silicon Valley billionaire Tim Draper. The investmen
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A 2,124-Year Insurance Policy Triggers RBI Action, and the Launch of NYVO
Updated : 1 week ago IST
New Delhi [India], February 11: A nationalised bank in Maharashtra sold a life insurance policy to a 90-year-old man. The annual premium was ₹2 lakh. The maturity date of the policy was the year 2124. This was not a hypothetical case or an isolated error, it happened. The Reserve Bank of Ind
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Govt, RBI roll out measures to improve health, governance of cooperative b
Updated : 1 week ago IST
As part of efforts to support business expansion, Urban Cooperative Banks (UCBs) have been permitted to open new branches, enabling wider outreach and improved customer access. In a move aimed at boosting credit flow, the permissible housing loan exposure of UCBs has been raised to 25 per ce
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Nifty, Sensex open positive amid supportive global cues and FPI inflows, P
Updated : 1 week ago IST
The share market in the country witnessed a turnaround with a positive opening continuing on Tuesday, as foreign inflows returned to domestic markets and investor sentiment remained upbeat.
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RBI allows collateral free loans of up to Rs 20 lakh to MSEs
Updated : 1 week ago IST
"Banks are mandated not to accept collateral security in the case of loans up to Rs 20 lakh extended to units in the MSE sector. Banks are also advised to extend collateral-free loans up to Rs 20 lakh to all units financed under the Prime Minister Employment Generation Programme (PMEGP) admi
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Gross NPAs of Scheduled Commercial Banks for domestic operations reach his
Updated : 1 week ago IST
The gross NPA ratio, which is gross NPAs as a percentage of gross loans and advances of Scheduled Commercial Banks (SCBs), for domestic operations, has been continuously declining during the last eight financial years.
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Why Fuel Credit Cards Continue to Matter Despite Changing Reward Structure
Updated : 1 week ago IST
New Delhi [India], February 9: Credit card reward structures in India are evolving. If you are a regular user and have been tracking your statements, you may have noticed that banks across India are fine-tuning their credit card offerings. With revised cashback rates and more focused benefit
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Adani Energy Solutions secures Japanese bank financing for flagship HVDC g
Updated : 1 week ago IST
Adani Energy Solutions (AESL) has secured long-term financing from a consortium of Japanese banks for its flagship high-voltage direct current (HVDC) transmission project, a green evacuation corridor aimed at strengthening the flow of renewable power across northern India, the company said i
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Transcorp International Limited Receives RBI's In-Principle Approval for C
Updated : 1 week ago IST
Jaipur (Rajasthan) [India], February 7: Transcorp International Limited has received in-principle approval from the Reserve Bank of India (RBI) for participation in Centralized Payment Systems (CPS), marking a significant development in its banking services infrastructure. The CPS authorisat
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Stock market ends mostly flat, Sensex climbs 266 points
Updated : 1 week ago IST
Buying enthusiasm picked up later in the session as the Sensex climbed 266.47 points to settle at 83,580.40 while Nifty 50 advanced 50.90 points to close 25,693.70. Among the sectors, PSU Bank, IT, pharma slipped while FMCG oil & gas, consumer durables, Private Banks, realty rose.
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