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financial services

'Take care of mummy...' Bajaj Finance employee dies by suicide; family alleges mental harassment

'Take care of mummy...' Bajaj Finance employee dies by suicide; family alleges mental harassment

Tue, Oct 01, 2024

The family members have alleged that the company officials had been continuously pressuring Tarun to achieve targets. He worried about losing job after failing in his task of collecting EM

Neo Asset Management appoints Neeraj Sanghi as MD

Neo Asset Management appoints Neeraj Sanghi as MD

Tue, Jul 09, 2024

Sanghi was CEO of Highway Concessions One (HC1) -- a road platform originally owned by Global Infrastructure Partners which was acquired by KKR in 2022 -- from 2016 till 2024, the company said in a statement.

FPIs big buyers in financial services

FPIs big buyers in financial services

Sat, Dec 23, 2023

Total FPI inflows in December through 22nd is Rs 57,313 crore including the buying through stock exchanges and primary market.

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Credit market on course to grow to USD 350 billion by year-end: Vivek Joshi

Credit market on course to grow to USD 350 billion by year-end: Vivek Joshi

Tue, Sep 05, 2023

The digital lending segment stood at USD 270 billion at the end of 2022, Joshi said on the opening day of the fifth edition of the global fintech festival here.

"Focusing on NBFCs: How Much Will Company Loan Growth Increase? Future Business Growth Prospects

"Focusing on NBFCs: How Much Will Company Loan Growth Increase? Future Business Growth Prospects

Thu, Aug 24, 2023

Focus on NBFCs companies: How much increase in loan growth of companies? How will be the growth of the business going forward? CARE report on NBFCs, know from Varun Dubey...

Vistaar raises USD 50 million funding from DFC

Vistaar raises USD 50 million funding from DFC

Wed, Aug 02, 2023

The Bengaluru-based Vistaar, founded by Brahmanand Hegde and Ramakrishna Nishtala in 2010, has so far funded over 2 lakh small businesses across 12 states since inception and has a loan book of Rs 3,100 crore.

Bajaj Finserv gets SEBI license to commence mutual fund business

Bajaj Finserv gets SEBI license to commence mutual fund business

Wed, Mar 01, 2023

Sanjiv Bajaj, Chairman & Managing Director, Bajaj Finserv, said, the approval from SEBI is strategically important for the company as it enables the firm to complete its suite of financial solutions for retail customers.

Finance Ministry deliberates steps taken to deal with cyber security issues

Finance Ministry deliberates steps taken to deal with cyber security issues

Wed, Jan 18, 2023

The symposium titled Financial Services Cyber Security (FINSCY) was organised by the Department of Financial Services (DFS) and Secretary Vivek Joshi inaugurated it, an official statement said.

Nifty Bank, Financial Services stocks gain - IDFC First Bank top gainer

Nifty Bank, Financial Services stocks gain - IDFC First Bank top gainer

Fri, Aug 05, 2022

Nifty Bank and Financial Service surged by over 0.7 and 0.6%, respectively minutes after the RBI Governor announced to hike of the key interest rate by 50 bps

Explained: Mutual Fund schemes, other financial products you can get from Post Office

Explained: Mutual Fund schemes, other financial products you can get from Post Office

Sat, May 18, 2019

Since the Post Office Savings Bank is the largest retail bank in the country, operating from over 1,50,000 branches, Department of Posts has started retailing mutual funds and bonds to leverage its strength of the postal network.

SBI bank account holder? ALERT! 24 hours to go, you will not be able to do online, mobile banking

SBI bank account holder? ALERT! 24 hours to go, you will not be able to do online, mobile banking

Fri, Nov 30, 2018

If SBI account holders/customers fail to register their mobile number with the account, only mobile banking and internet banking will be dysfunctional. All the other facilities will remain intact and there would be no deactivation of account number.

India moves toward Blockchain Technology; Here's how it will revolutionize banking system

India moves toward Blockchain Technology; Here's how it will revolutionize banking system

Sat, Jun 30, 2018

Ever since the Finance Minister mentioned blockchain technology in his budget speech, the distributed ledger technology has found its way into mainstream attention and prominence.

World's best consumer finance firms, from Bajaj Finance to Muthoot, set to gain from 2019 elections

World's best consumer finance firms, from Bajaj Finance to Muthoot, set to gain from 2019 elections

Fri, Jun 08, 2018

Prime Minister Narendra Modi is following his predecessor in boosting spending before polls due early 2019, a practice that has sparked surges in stocks of consumer finance firms. Bajaj Finance Ltd. -- with a world-beating return of about 70 percent over the past five years compared with 30 percent for Mastercard Inc. and 3.5 percent for Samsung Card Co. -- saw its best performance during this period in the 2014 election year.

Govt allows 100% FDI under automatic route for single brand retail

Wed, Jan 10, 2018

Union Cabinet today approved 100 per cent Foreign Direct Investment (FDI) under automatic route for single brand retail trading. Upto 49 per cent FDI is allowed under automatic route presently, but any investment beyond the limit requires government approval.

GST rollout: Here's how much more premium you need to pay on insurance policies

GST rollout: Here's how much more premium you need to pay on insurance policies

Thu, Jun 22, 2017

Customers currently pay 15% service tax for financial services. Starting from July 1, 2017 the GST will replace all indirect taxes like service tax and Value Added Tax. Financial services and telecom have been put in the 18% GST slab.

Nasscom sets growth outlook at 10-11% for Indian IT industry in FY18

Nasscom sets growth outlook at 10-11% for Indian IT industry in FY18

Thu, Jun 22, 2017

Key highlights:

Paytm Payments Bank vs Airtel Payments Bank vs India Post Payments Bank: We review

Paytm Payments Bank vs Airtel Payments Bank vs India Post Payments Bank: We review

Tue, May 23, 2017

Paytm Payments Bank that will begin operations today will offer 4% interests on deposits. All deposits will be held in government bonds however the company said it was equipped to offer loans as well unlike other payments banks.

EU to exclude financial services from trade deal with UK post-Brexit

EU to exclude financial services from trade deal with UK post-Brexit

Wed, Apr 26, 2017

An earlier version of the guidelines only said that future trade agreement should "not endanger financial stability in the Union and encompass safeguards against unfair competitive advantages

Non-life premia set to go up as regulator backs move

Non-life premia set to go up as regulator backs move

Mon, Mar 13, 2017

In fact, the insurance regulator IRDAI has also hinted at a premium hike especially in third-party motor premium and the group health insurance from April 1 when most of the renewals take place in the domestic general insurance market.

Bought for Rs 10 crore, Reliance Capital sells Paytm stake to Alibaba for Rs 275 crore

Bought for Rs 10 crore, Reliance Capital sells Paytm stake to Alibaba for Rs 275 crore

Tue, Mar 07, 2017

Reliance Capital has sold its nearly 1 % stake in popular digital payments firm Paytm for Rs 275 crore to China's Alibaba Group in a deal reaping huge gains for the Anil Ambani-led group firm.

Hiring activity sees modest decrease of 2% in January, says Naukri.com

Hiring activity sees modest decrease of 2% in January, says Naukri.com

Mon, Feb 13, 2017

Naukri.com's recently released Jobspeak Index for January 2017 stood down 2% at 1,707 as compared to 1,748 in January 2016.

SEBI advisory board bats for greater corporate governance

SEBI advisory board bats for greater corporate governance

Sun, Jan 15, 2017

The International Advisory Board of the Securities and Exchange Board of India (SEBI) advocated greater corporate governance in Indian firms to protect the interests of all stakeholders, the watchdog said on Saturday.

SC asks Centre to give details of recovery cases filed by banks

SC asks Centre to give details of recovery cases filed by banks

Tue, Jan 03, 2017

The Supreme Court today asked the Centre to give details of recovery cases filed by banks and financial institutions and those pending in debt recovery tribunals and their appellate bodies for the last ten years.

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