Irdai allows insurers to invest in debt instruments of InvITS and REITS
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Securities should not be rated below 'AA' under the «approved investment» category. In case the instrument is subsequently downgraded, it will be part of «other investments»
Paytm Payments Bank becomes the largest beneficiary on UPI platform
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With 469.84 mn transactions in March it is ahead of the country's largest lender SBI and private lenders such as Yes Bank, ICICI Bank, Axis Bank and HDFC Bank
Troubled by outages, HDFC Bank to use cutting-edge tech across businesses
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In the letter to staff, CEO Sashi Jagdishan lists initiatives such as infra scalability, strengthening monitoring its Data Centre, and improving firewalls
HDFC Bank embarks on 'Technology Transformation Agenda': MD tells employees
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Having faced multiple episodes of digital banking glitches in the last two years, HDFC Bank has embarked on a 'Technology Transformation Agenda' to provide safe and secure banking services
NBFCs seek extension of MSME restructuring scheme till March 2022
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NBFCs have requested the Reserve Bank to extend the one-time restructuring scheme of MSME advances till March 31, 2022, as these players are unable to revive their businesses
HDFC Bank Q4 net profit rises 18% YoY to Rs 8,186 crore
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The lender's Net Interest Income (NII) --- the difference between interest earned through lending and interest paid to depositors --- saw a 12.6 per cent rise to Rs 17,120 crore
US keeps India, 10 others in the currency practices monitoring list
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Other countries named by the Department of Treasury in its quarterly report to Congress, the first under the Biden administration, are Ireland, Malaysia, Singapore, Thailand and Mexico
India has been exemplary in publishing forex intervention: US report
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It said that like most emerging market currencies, the rupee was buffeted in 2020 by substantial swings in global risk appetite and associated shifts in capital flows
MFIs prepared to deal with disruptions due to rising Covid cases: MFIN CEO
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The microfinance sector is unlikely to face major challenges from the second wave of COVID-19 and is well prepared to face any disruption, Microfinance Institutions Network (MFIN) CEO Alok Misra said.
Covid-19: MFIs to face asset quality pressures in near term, says report
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The microfinance industry is likely to face asset quality pressures in the near term due to the recent surge in COVID-19 infections and localised restrictions, says a report.
RTGS money transfer facility to be unavailable for 14 hours on Sunday: RBI
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The Real Time Gross Settlement (RGTS) service for fund transfers will not be available for 14 hours on April 18, the Reserve Bank of India (RBI) has said.
Fewer defaults on EMI payments by consumers in March, shows NACH data
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According to the data released by the National Payments Corporation of India, 32.76 per cent of all auto-debit transactions in volume terms failed in March compared to 36.6 per cent in February
Gold price fall not a worry for NBFCs, but banks need to be watchful
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The correction in gold prices in recent months is not expected to materially impact the asset quality of non-banking financial companies (NBFCs) lending against gold: Crisil
NBFCs well prepared to face second coronavirus impact, says report
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With strong capital and on-balance sheet buffers, non-banking financial companies are well prepared to deal with any impact on economic activities due to the second wave of COVID-19, a report said.
HFCs loan book to grow 8-10% in FY22, stress levels to stay elevated: Icra
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While HFCs are expected to regain their profitability and growth trajectory in FY22, rising Covid-19 infections and localised lockdowns remain a concern area
