BFSI Weekly Newsletter: March 10, 2015, Volume 02, Issue 10
Engagement Platform to chart the growth path for banking, financial services and insurance industry in India.

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We are forming partnerships with companies to develop technologies for better data analysis to make banking a high-tech experience, says Arindam Mukherjee, Vertical Head - Banking & Financial Services, Cisco India & SAARC. Read More



Axis Bank, MasterCard, Vayana partner for B2B invoicing
The 'Invoice to Payment' will simplify, digitise and automate the entire process - from invoice presentment to final payment. Read More
Zero tolerance policy on flouting KYC norms in the offing
The Reserve Bank of India (RBI) can also increase monetary penalty, which is Rs 5 lakh per violation. Read More
Forex reserves hit new high at over $338 bn
The foreign currency assets, a major constituent of overall reserves, increased by USD 3.902 billion to USD 312.200 billion. Read More
The Reserve Bank of India (RBI) has allowed banks to include stamp duty and registration charges to the cost of a unit. Read More
Soon all beneficiaries of all types of government subsidiaries/benefit transfers will be brought under the linkage programme. Read More


Pioneer Remains The Leader

Despite stiff competition from private players in the insurance space, the Life Insurance Corporation of India has been a market leader for the last 58 years

S K Roy
Chairman, Life Insurance Corporation of India
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