Competition isn't just with insurers, need to match Q-commerce experience: SBI General Insurance CIO

Insurance must evolve beyond traditional rivals, says SBI General CIO Pankaj Pandey. Customers now compare digital experiences by insurers to seamless...

India may see Rs 2.5 lakh crore worth IPOs in 2025

Analysts predict the number of new-age companies listing in 2025 will double compared to 2024, further enhancing investor interest.

How new surrender value norms are reshaping agent commissions in insurance sector

LIC has reduced its first-year agent commission from 35% to 28%, while increasing trail commissions from 5% to 7.5%; private insurers have adopted a c...

Credit card spending drops post festive season in November; HDFC Bank gains market share

The growth in total credit card issuance (Cards in Force or CIF) remained muted, rising by only 0.3% MoM to 107.2 million.

Farmers borrowing more from banks and are creditworthy, too

The number of farmers' accounts opting for credit through institutional sources increased by 381 lakh from March 2020 to March 2024. A large number o...

I-Banks reap big bucks in share sale deluge

India's ECM volumes surged past $70 billion in 2024, overtaking major markets like China and Japan and cementing its position as the world's second-la...

Lenders show sustained profit growth amid fall in NIM pressure

The extent of net profit has improved significantly over the past few quarters. The sample's net profit in the latest quarter was two-and-a-half times...

Bank may divert deposits towards loan

A division bench comprising Justice SG Pandit and Justice Ramachandra D Huddar upheld the Bank's appeal, reversing the order from May 2, 2023. The be...

J&K Bank appoints Amitava Chatterjee as its new MD

J&K Bank has appointed Amitava Chatterjee, currently Deputy Managing Director at State Bank of India, as its new MD and CEO, effective December 30, 20...

India's insurance penetration declines for second consecutive fiscal year

India's insurance penetration dipped to 3.7% in FY24. Life insurance penetration declined to 2.8%, while non-life insurance remained at 1%. Global ins...

Rupee sees relative gain as other currencies fall more vs $: RBI

The report, published in RBI's Nov bulletin, carries data on the real effective exchange rate (REER), which points to an overvaluation of the rupee in...

NRI remittances surge to record $11.9 billion in April-Oct: RBI

Inflows into in non-resident Indian (NRI) deposit accounts surged to $11.9 billion in April-October during the current financial year, which is nearly...

India's GDP growth seen at 6.5 pc in FY25, FY26: EY report

India's economy is projected to grow by 6.5% in FY25 and FY26 due to a slowdown in private consumption and investment. EY reports highlight the need f...

Govt aims to improve quality spending, cut fiscal deficit to 4.5 pc in FY26: Finmin report

Budget 2025: The government is focused on better quality spending, enhancing the social security net, and reducing the fiscal deficit to 4.5 per cent ...

Centre appoints Arunish Chawla as revenue secretary

Senior IAS officer Arunish Chawla, of the Bihar cadre's 1992 batch, is appointed revenue secretary, filling the vacancy created by Sanjay Malhotra's n...

Startups create 1.6 million jobs: DPIIT

Startups have generated over 1.6 million jobs across India, with the DPIIT recognising 1.57 lakh startups by December 25. The country boasts more than...

Demand for work under MGNREGA remained low in 2024, suggests improved rural economy: RBI

The demand for work under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) has remained subdued in most months of the current fina...