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Articles for Banking & Finance

RBI Starts Centralised Web Portal 'UDGAM' For Unclaimed Deposits

This portal has been developed by RBI for use by members of the public to facilitate and make it easier for them to search their unclaimed deposits across multiple banks in one place

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Bank Of Baroda Launches 251 Gold Loan Shoppes

Each Gold Loan Shoppe has an officer in charge of the shoppe as well as a minimum of two appraisers, to ensure that uninterrupted assayer services are available on all working days

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RBI Buys Net $4.50 Bn In Spot Forex Market In June

The Indian rupee appreciated by 0.7 per cent against the dollar in June, having traded in a range of 81.85 to 82.68

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Parminder Chopra Creates History As First Female Head Of India's Largest NBFC

Prior to this, she had been entrusted with the additional responsibility of CMD since 1 June 2023, and concurrently held the position of Director of Finance at PFC from 1 July 2020

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SBI Provides Loan Relief To Borrowers In Manipur

The relief package encompasses a moratorium that extends up to 12 months on equated monthly installments (EMIs), interest payments, and other installments

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Thriving In The Automation Economy – A BFSI Perspective

While Generative AI's impact is felt across sectors, let's look at how BFSI leaders manage this new disruption and see it as a means for more remarkable business outcomes

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Tax Liability For Life Insurance Payouts If Annual Premiums Cross Rs 5 Lakh

In cases where premiums exceed this limit, the maturity proceeds will be treated as part of the individual's income and subjected to taxation based on applicable rates

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InCred Money Launches Maiden Issue Of MLDs For Retail Investors

This maiden MLD offering, the InCred NiftyBalanced MLD Aug’25, is issued by InCred FinancialServices, which is A+ rated and one of the leading NBFCs in its market segments

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