Irda to revise agents’ commission norms
As the Insurance Laws (Amendment) Ordinance has omitted Section 40A of the earlier Insurance Act, which talks about commission to…
15 JAN 2015
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SBI’s mobile banking transaction surged by 46% in 2014
State Bank of India (SBI), India’s largest public sector undertaking (PSU) bank, witnessed a surge of 46% in mobile banking…
12 JAN 2015
Private banks lag behind PSU lenders in opening Jan Dhan account
With about 30 lakh accounts under the Prime Minister’s Jan Dhan Yojana in over four months, private sector banks are…
12 JAN 2015
United Bank of India requests RBI to lift cap on lending
United Bank of India has approached the Reserve Bank of India (RBI) with a plea for phased removal of cap…
12 JAN 2015
Insurers get two years to treat IDFC investment as BFSI exposure
The Insurance Regulatory & Development Authority (Irda) has directed insurance companies to treat their investments in IDFC’s fixed-income securities as…
12 JAN 2015
Jan Dhan Yojana meets 10-crore accounts target
Banks have achieved the target set by the government to open 10 crore accounts under the Pradhan Mantri Jan Dhan…
30 DEC 2014
DCB Bank partners with iKaaz to launch mobile payment service in India
Private sector lender DCB Bank has inked a strategic partnership with iKaaz, a mobile payment start-up company, to launch innovative…
23 DEC 2014
