Page 8 - Subrata Panda

We don't get a penny for UPI infra: Axis Bank MD & CEO Amitabh Chaudhry

Axis Bank MD Amitabh Chaudhry said banks earn nothing from UPI transactions despite bearing the infrastructure costs, as subsidies and incentives shrink further

S&P sovereign rating upgrade to boost sluggish overseas borrowing

Changed rating expected to make overseas funding cheaper for Indian borrowers

The cost of free: UPI's exponential growth strains limits of subsidies

Industry players add that while other monetisation-friendly avenues are emerging for UPI, those require to be developed further to offset the impact of free transactions

NARCL places Rs 631-cr anchor bid for BGR Energy stressed debt auction

NARCL has bid Rs 630.67 crore to acquire over Rs 3,500 crore of stressed debt of BGR Energy Systems via a Swiss challenge auction, offering lenders 18 per cent recovery

India Inc turns to equity, bonds as cheaper bank loans remain elusive

Corporates raise record funds through QIPs, block deals and bonds as improved balance sheets and limited loan rate transmission push them towards capital markets

India Inc turns to equity, bonds as cheaper bank loans remain elusive

With RBI rate cuts yet to fully pass through to bank loans, corporate India is tapping bond and equity markets at record levels, taking advantage of lower costs and better valuations

Life insurers bet on participating products to diversify portfolio mix

Many players in the industry have rebalanced their portfolios, shifting towards par products after a period of being ULIP-heavy and relying on non-par products to drive topline and margins

RBI's AI panel calls for balancing innovation with risk mitigation

Seven sutras outlined for fair, transparent, and safe AI adoption

ICICI Bank revises minimum account balance to ₹15,000 from ₹50,000

The revised MAB for new accounts now stands at Rs 15,000 for metro and urban areas, Rs 7,500 for semi-urban, and Rs 2,500 for rural branches, effective August 1

LIC targets sales growth in double digits for FY26: MD & CEO R Doraiswamy

The 64 per cent market share is on a composite basis, in which group insurance plays a major role, says Dowaiswamy

ICICI Bank faces netizen ire for raising min balance requirement to ₹50,000

ICICI Bank's decision to raise the minimum monthly average balance (MAB) for new savings accounts to ₹50,000 in metro and urban areas has drawn significant backlash on social media, with users citing

RajivAnand to start with fresh and clean slate at IndusInd Bank: Chairman

Anand will be expected to scale the differentiated franchise of the bank, with a strong ethical foundation, Mehta added

LIC's entry into bond FRA market likely to boost long-term G-Secs

With deals across 10 major banks, the insurer's move is expected to spur demand for long-term government securities while narrowing forward spreads for other players

We have to play it right and convince people they can trust us: AU chief

I think the momentum will be huge in our favour be it in terms of deposits or loans. We just got the license last night and the kind of curiosity I am seeing around this is huge, said Agarwal

HDFC forms oversight department for sharper board-level updates: Chairman

Chairman Atanu Chakraborty says the new Group Oversight Department will ensure periodic updates to the board on key risks, compliance, audit, and conduct across the group

AU Small Finance Bank gets RBI approval to become a universal bank

AU Small Finance Bank becomes the first SFB to receive RBI's in-principle approval to transition into a universal bank, expanding its product reach and lending base

LIC to explore composite insurance model once allowed, says MD & CEO

LIC may become a composite insurer offering general and health cover once Parliament clears the new policy, but has not finalised a health insurance acquisition plan

Comfortable liquidity reinforced transmission of rate cuts in markets

System liquidity, as measured by the net position under the liquidity adjustment facility, has been in surplus, averaging ₹3 trillion per day since the last MPC meeting

Not worried about bank savings being put into equities: RBI guv Malhotra

RBI Governor Sanjay Malhotra says shift in household savings from deposits to equities is healthy, while urging curbs on mis-selling in bancassurance to protect consumers

Pain in microfinance will linger for at least 3-4 quarters: DCB Bank MD

DCB Bank MD & CEO Praveen Kutty outlines plans to double loan book, manage costs, and raise capital by Q2FY27, while navigating MFI stress and shifting lending strategy