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Latest Articles in Banking Finance

ICICI Pru AMC Launches SIP Plus That Provides Free Life Cover

In an interview with BW Businessworld, Raghav Iyengar, EVP & Head, Retail & Institutional Business, ICICI Prudential AMC throws light on their recently launched “SIP Plus” product that provides a free life cover to SIP investors

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RuPay: The ‘Made In India’ Card Making Its Mark Globally

NPCI has received support from banks since the launch of the RuPay card. RuPay is India’s answer to the most dominant market transaction processing players in the world: Visa, MasterCard and AmEx, owned by Visa Inc., MasterCard Inc. and American Express Co. respectively. India is now the sixth country in the world to have its own domestic payment gateway system. The other five countries are the US, Japan, China, Singapore and Brazil.

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Banking Services Hit For 2nd Day; Operations Likely To Be Normal Tomorrow

Banking services were disrupted for the second day today with over 10 lakh bank employees abstaining from work to protest a "meagre" 2 per cent salary hike proposed by the Indian Banks Association (IBA), a body representing management.

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Bank Strike Continues For 2nd Day In Maharashtra

Banking services in Maharashtra are likely to be affected today too as bank employees continued their nationwide strike for the second day protesting a "meagre" 2 per cent wage hike offered by the Indian Banks' Association (IBA), representing management.

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YES BANK And United Nations To Align Banking Sector With A Sustainable Future

YES BANK, as a member of the UN Environment Programme Finance Initiative (UNEP FI), believes that it is imperative for banks worldwide to reaffirm their purpose and realign their business practices for a sustainable future

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'We Have Always Planned Our Growth Realistically And Have Been Achieving Them Year On Year'

In an interview with BW Businessworld, Swarup Mohanty, CEO, Mirae Asset Global Investments, talks about direct investment platforms, SIP, Mutual Fund investment and more

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3 Data-Driven Inferences About Mutual Fund Investor Behavior

Mutual Fund investors that are very much prevalent today, despite some solid and persistent efforts from the regulator and the apex body at educating investors

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DHFL’s Maiden Masala Bonds Market Open Ceremony At London Stock Exchange

DHFL, the flagship Company of Wadhawan Global Capital (WGC), today opens London’s trading to celebrate the company’s first Masala bond on London Stock Exchange Group’s (LSEG) International Securities Market (ISM). This offering is part of a $2bn MTN Programme DHFL listed on London Stock Exchange earlier in the year. DHFL’s maiden masala bonds issue witnessed an overwhelming response from high quality investors across Europe and Asia. The tremendous opportunity provided by the Affordable Housing Finance sector in India and DHFL’s AAA domestic credit rating were the primary reasons for the strong demand in the overseas market. The masala bonds was issued at the rate of 8.50% p.a payable half yearly.

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Should Debt Fund Investors Worry About Possible Rate Hikes?

When crude prices rise, it throws Indian macros into a tizzy - as the fiscal deficit widens and inflation creeps up

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Yes Bank Recovers 66% Of Original Claim Filed For Bhushan Steel

Yes Bank has recovered an amount of Rs 184 crore against an original claim filed for Rs 325 crore pursuant to the sale of Bhushan Steel to Tata Steel Limited under the recently concluded NCLT/Insolvency and Bankruptcy Code (IBC) proceedings

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SBI Posts Q4 Net Loss Of Rs 7,718 Cr On Higher Bad Loans

Total income during the January-March quarter was up at Rs 68,436.06 crore, from Rs 57,720.07 crore in the same period a year earlier, the bank said in a regulatory filing

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We Want To Make Insurance Transparent And Simple For Consumers: Varun Dua

In an interview with BW Businessworld, Varun Dua, Founder & CEO of ACKO, talks about general insurance market, mobile insurance segment and more

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