Subrata Panda

Ayushman Bharat's 70+ coverage: Minimal impact expected on health insurers

On Wednesday, the Union Cabinet expanded the health coverage under the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB-PMJAY) to all senior citizens aged 70 years or above

Paytm to focus on core business; deliver profitability soon: CEO Sharma

Company has 'thoroughly examined' business processes, he says as impact of RBI strictures on payments bank continues

Banks plan to ring in festival-season offers with a note of caution

Post-Covid pent-up demand over, lenders to stay careful as personal loan delinquencies on the rise

NPCI reports Rs 1,134.31 crore surplus in FY24, up 37% on payment services

NPCI, which operates UPI platform, earned Rs 2,693.42 crore in FY24, up 36 per cent from Rs 1,971.69 crore

Shriram Group to list general insurance arm first, both IPOs in two years

Shriram Group and South African financial services giant Sanlam jointly own Shriram Life Insurance and Shriram General Insurance

RBI slaps penalties on Axis, HDFC Bank for non-compliance with directives

The RBI had conducted a statutory inspection of bank with reference to its financial position as of March 31, 2022, based on supervisory findings of non-compliance with the central bank's directions

We want to be the trust marker for fintech industry: FACE CEO Saxena

There is a vast universe of fintechs out there and we would be reaching out to everyone to be a part of FACE. We do not have a threshold of scale or business model, said Sugandh Saxena, CEO, FACE

The shift: Households turn net borrowers from banks, says BCG report

The report highlighted that unsecured lending as a proportion of GDP in India is as high as it is in the United States

Strong fundamentals keep growth story intact: RBI guv Shaktikanta Das

"The potential of external demand can be leveraged by integrating into global supply chains," he said

SBI focuses on JanDhan, trusts, societies to mobilise incremental deposits

SBI is using wealth banking to focus on a segment which is below affluent class but above the normal account holders

NCLT asks US lenders of edtech company Byju's to file fresh appeal

This means that the US term loan lenders will not be party to the discussion of the CoC

High loan-deposit ratio not a concern, deposit growth not weak: Report

The research note has also contradicted the recent narrative that deposit growth in the banking system has been sluggish

Want to build best housing finance firm of the future: Bajaj Finserv execs

Bajaj Housing Finance is looking to raise Rs 6,560 cr, of which fresh issues are for Rs 3,560 cr and offer for sale is for Rs 3,000 cr. Bidding for the IPO opens on Sept 9 and closes on Sept 11

Long-term projects should be funded through debt market: Sanjiv Bajaj

Banks are ill suited to fund long term projects as there is a mismatch between assets and liabilities, he said

We have taken a temporary break from our partnership with Apple: HDFC Bank

Move comes after review of the partnership from cost-to-income perspective; the bank is gearing up for surge in business during the festive season

Competition for deposits but no rate war, says SBI chief C S Setty

SBI is aiming to get 90 per cent of its retail unsecured loans from the digital channels, going forward, Setty said

Fintech has democratised financial services, success unmatched: PM Modi

Companies have 'amazing innovations' to create trust among people, he says

Fintechs don't have track record to evoke trust: RBI's T Rabi Sankar

Speaking at Global Fintech Fest 2024, Sankar noted that fintech cos largely not licensed by regulator, making it even more crucial for them to prove they can operate responsibly and earn public trust

Fintechs can't bypass compliance irrespective of scale, says RBI ED

'Trying to level the playing field between traditional lenders & fintechs'

PhonePe CEO says UPI mcap overhang holding back company from going public

Speaking at the Global Fintech Fest, Sameer Nigam, chief executive officer, PhonePe, said, "As far as going public, the market cap overhang is definitely a problem for us