India
IRDAI assembles taskforce for bancassurance
The share of banks as corporate agents was 5.93% of non-life insurance and 17.44% of new business premiums in 2022-23.
IRDAI assembles taskforce for bancassurance
The share of banks as corporate agents was 5.93% of non-life insurance and 17.44% of new business premiums in 2022-23.
Zurich acquires 51% stake in Kotak Mahindra Bank's general insurance arm
The insurer said it plans to buy 19% more in the future.
HDFC Bank names new chief of internal vigilance
Sachin Suryakant Rane was a senior police inspector before joining the bank.
Non-bank and housing financers to see robust loan growth in 2024: Ind-Ra
Diversified large NBFCs might turn to public debentures.
Alternative payments dominate India’s e-commerce payments
Mobile and digital wallets make up 58.1% of all e-commerce payments in 2023.
National Payments Corporation of India, Fonepay tie up for cross-border QR-code
Both companies have completed operational preparations.
Citi India initiates 12-month WFH set-up after mothers give birth
This comes on top of their paid maternity leaves.
India’s card payments market to rise 28.6% to $337.1b in 2023
Consumers in India are increasingly embracing electronic payments, GlobalData said.
More cryptocurrency users in India by 2027, to surpass US and UK combined
India is expected to account for 33% of one billion global users in four years.
India assures banks it’s ready to manage outflow of Russian funds: report
Russian companies have accumulated billions of rupees in local banks.
India’s card payments to triple in size by 2027: GlobalData
It is expected to triple in size to $728.2b in 2027 from last year’s $262.1b.
Public Bank enhances security measures against scams
This warning goes on the back of a recent social media scam that promoted small-interest loans.
India’s HDFC to offer 2% shares in NSDL IPO
This is equivalent to four million equity shares.
HSBC launches global private banking business in India
It will service clients with investable assets of over $2m.
Indian banks’ bad assets improve to 10-year low: CareEdge
SCB’s recorded a 10-year low of 3.9% for its GNPA.
India's competition entity approves HDFC’s request to increase shareholding in HDFC Life, Ergo
HDFC increased its shareholding in the two entities to more than 50%.
IndusInd Bank, Wise offer remittance services to US, Singapore
Internationally-based Indian citizens can remit from Singapore and the US.
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