Latest ic news

Editorial. RBI right in reining in usurious micro lending

By www.thehindubusinessline.com
Published On :: Wed, 23 Oct 2024 21:02:22 +0530

But sudden ‘cease and desist’ orders can also affect the bond markets from where NBFCs raise funds

Editorial

RBI slams high-cost lending, calls for affordable credit from Microfinance Institutions

By www.thehindubusinessline.com
Published On :: Thu, 24 Oct 2024 20:18:50 +0530

MFIs should not justify steep rates with access issues, says Jayant Kr Dash, Executive Director; Senior RBI official suggests Blended Finance could hold some answer for this issue

Full Article

Money & Banking

ICICI Bank Q2 PAT rises 15% to ₹11,746 crore on strong core income growth

By www.thehindubusinessline.com
Published On :: Sat, 26 Oct 2024 18:54:10 +0530

NIM moderated 9 basis points sequentially to 4.27 per cent on higher cost of funds

Full Article

Money & Banking

Bank unions push back against government ‘micromanagement’ in employee performance reviews

By www.thehindubusinessline.com
Published On :: Tue, 29 Oct 2024 16:11:34 +0530

More than 1 lakh bank employees likely to be affected by DFS instruction to banks, says AIBEA General Secretary Venkatachalam

Full Article

Money & Banking

RBI grants online payments aggregator license to Jio Financial arm JSPL

By www.thehindubusinessline.com
Published On :: Tue, 29 Oct 2024 17:29:14 +0530

Jio Financial, helmed by veteran banker K.V. Kamath, already runs a shadow bank and an insurance brokerage and has joined forces with BlackRock Inc. to start an asset management business

Full Article

Money & Banking

Govt invites applications for RBI Deputy Governor

By www.thehindubusinessline.com
Published On :: Mon, 04 Nov 2024 12:19:48 +0530

The appointment is for a period of three years, and the individual is qualified for reappointment. The position will have a monthly salary of Rs ₹2.25 lakh (Level-17)

Full Article

Economy

Indian Overseas Bank launches online Re-KYC service for hassle-free updates

By www.thehindubusinessline.com
Published On :: Mon, 04 Nov 2024 18:38:19 +0530

This new digital service allows customers to update their KYC information without visiting the bank branch, utilising three accessible channels: the IOB website, SMS, or email

Full Article

Money & Banking

Bandhan Group enters IT services with the acquisition of Genisys Group

By www.thehindubusinessline.com
Published On :: Tue, 05 Nov 2024 10:27:08 +0530

Genisys Group’s service spans digital application lifecycle management, cloud native solutions, data management, digital media operations and business process outsourcing

Full Article

Money & Banking

LIC Q2FY25 results second quarter standalone net profit declined about 4%

By www.thehindubusinessline.com
Published On :: Fri, 08 Nov 2024 20:30:08 +0530

Second quarter standalone net profit declined about 4 per cent year-on-year (y-o-y) to Rs ₹7,621 crore

Full Article

Money & Banking

ICICI Prudential Multi asset completes 22 years

By www.thehindubusinessline.com
Published On :: Mon, 11 Nov 2024 14:51:39 +0530

A lump sum investment of ₹10 lakh at the time of inception in October 31, 2002 will be worth about ₹7.26 crore given compounded annual growth rate of 22 per cent

Full Article

Money & Banking

Standard Chartered sets sights on economic hubs to drive affluent client growth

By www.thehindubusinessline.com
Published On :: Mon, 11 Nov 2024 21:01:03 +0530

The strategy is designed to tap into India’s burgeoning wealth market, with the high-net-worth (HNW) client base expected to soar from 0.7 million two years ago to 1.7 million by 2028

Full Article

Money & Banking

Delhi Insurance Ombudsman Office clears all complaints of 2023-24

By www.thehindubusinessline.com
Published On :: Mon, 11 Nov 2024 22:15:00 +0530

All 3,443 complaints received in 2023-24 have been disposed, says Sunita Sharma, Insurance Ombudsman

Full Article

Money & Banking