Markets welcome Pandits bank foray

As the Reserve Bank of India (RBI) gears up for a trial of plastic currency notes, it has to dispose of soiled paper currency bills worth an estimated amount of over Rs two lakh crore a year. On an average, one out of five paper notes in circulation ...

(Mint - McClatchy-Tribune Information Services via COMTEX News Network) -- The finance ministry has opposed India Post's plan to seek a commercial banking licence from the Reserve Bank of India (RBI) on grounds that the postal service doesn't have ...

Senior citizens anyway face problems in buying health insurance. Strict medical tests, higher deductibles and lower limits on the sum assured for more number of illnesses are some of these. Things could get more difficult. The four public sector ...

By Lisa Pallavi Barbora Saradha Group has been under intense media scrutiny in the last few weeks. The collapse of its public investment schemes, run under the facade of a collective investment scheme (CIS), which is regulated by the Securities and ...

Dealing with fraudulent agents has been one of the big issues for prospective and existing customers of insurance companies. And, insurance companies say they're active on the matter. The (Irda) has periodically issued advice on what is to be done ...

MUMBAI: The AdityaBirla group has drawn up plans to shore up its NBFC business ahead of the $40-billion conglomerate's plan to apply for a bank licence. The metals-to-retail group will invest Rs 2,000 crore over the next three years to expand ...

Proposal: Merge IRDA, PFRDA, SEBI and FMC into a unified financial agency; frame Indian Financial Code Prognosis: Promises equal treatment across firms and products; too many issues foreseen RBI's role Proposal: Monetary policy to be main focus ...

A surge in exposure to farm debt through Kisan Credit Cards (KCCs) could emerge as a risk for India's state-run banks, according to experts. Subsidized loans are given to farmers through KCCs by state-owned banks. Until March 2012, the outstanding ...

Image via Shutterstock and the allow for purchase of insurance and investment products by the visually impaired or disabled persons. But companies are yet to tune themselves accordingly. For instance, even the basic requirement -- forms or documents ...