Thursday, December 12, 2019

HDFC AMC ranked 1st in terms of Assets: AMFI Report

India’s asset management companies (AMCs) own assets under management (AUM) worth Rs24.46 trillion, according to data released by the Association of Mutual Funds in India (Amfi). HDFC Asset Management...

RBI granted 12 years to LIC for reducing stake in IDBI Bank

Life Insurance Corporation(LIC), the largest insurance company in India, got 12 years from RBI for cut down stake in IDBI Bank.LIC is the lender’s major shareholder, and it has...

RBI launched new complaints portal for filing online complaints against banks, NBFCs

The Reserve Bank of India Governor Shaktikanta Das has launched a Complaint Management System (CMS) for lodging complaints against banks and NBFCs (Non-Banking Financial Companies) on its website. The...

PM Modi launched India Post Payments Bank

The Indian Prime Minister, Narendra Modi launched the India Post Payments Bank (IPPB) at Talkatora Stadium in New Delhi. The initiative seeks to leverage the expansive network of...

Canara Bank became India’s first public sector bank to meet RBI’s EMV mandate

Global provider of real-time electronic payment and banking solutions, ACI Worldwide, notified that India’s public sector bank, Canara Bank has successfully rolled out new functionality that supports EMV (Europay,...

Suresh Mathur Committee to review MicroInsurance Framework

The Insurance Regulatory and Development Authority of India (IRDAI) set up Suresh Mathur Committee to review regulatory framework on micro insurance, and to recommend measures to increase demand for...

Pradhan Mantri Jan Dhan Yojana Made an open-ended scheme

The government decided to make the Pradhan Mantri Jan Dhan Yojana (PMJDY) an open-ended scheme and added more incentives to encourage people to open bank accounts. It was declared...

World Bank launched first Human Capital Index

The World Bank launched its first human capital index in Bali, Indonesia as part of it annual meetings with the International Monetary Fund. The index ranks countries based on...

Induslnd Bank launched India’s first interactive credit card named ‘Nexxt Credit Card’

IndusInd Bank has launched Nexxt Credit Card which is India’s first Interactive card with buttons. The main feature of this card is that it provides customer the choice of...

RBI appointed Nandan Nilekhani committee to strengthen digital payments

Reserve Bank of India (RBI) has appointed 5-member committee under the chairmanship of Nandan Nilekani to strengthen digital payments as well as to boost financial inclusion through Financial Technology.This...

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