Mumbai to host Asian Bankers Association summit

The 34th annual conference of the Asian Bankers Association (ABA) will be held in Mumbai, Maharashtra from November 16-17, 2017. The 2017 summit will be hosted by State Bank with theme ‘Asia’s turn to transform’. This year, summit will discuss ..

IDFC Bank partners with MobiKwik for co-branded virtual Visa prepaid card

The IDFC Bank has entered into a strategic alliance with mobile wallet major MobiKwik to launch a co-branded virtual Visa prepaid card for customers of MobiKwik. The customers of MobiKwik can generate a 16-digit Visa virtual card through the app ..

Apollo Munich Health Insurance Company won “2017 General Insurance Company of Year” at 21st Asia Insurance Industry Awards

Apollo Munich Health Insurance Company has won the ” 2017 General Insurance Company of the Year” award at the 21st Asia Insurance Industry Awards. The Health Insurance Company is a joint venture between Apollo Hospitals Group and the Munich Re ..

Pension regulator PFRDA increases maximum age of joining National Pension Scheme (NPS) Private Sector from 60 to 65

The Pension Fund Regulatory and Development Authority (PFRDA) has increased the maximum age of joining National Pension Scheme (NPS) Private Sector from the 60 to 65 years of age to increase the pension coverage in the country. Now, any Indian ..

Jayant Rikhye to be new chief executive of India operations of Hongkong and Shanghai Banking Corp. Ltd (HSBC)

Jayant Rikhye has been appointed as the new chief executive of India operations of Hongkong and Shanghai Banking Corp. Ltd (HSBC). He will take charge from 1 December and will succeed Stuart Milne. Currently, he is HSBC’s international head for ..

The European Investment Bank (EIB) signed € 300 million of loan pact with India for Bangalore Metro Rail Project Phase II

The European Investment Bank (EIB) has signed the Finance Contract with India to € 300 million for Bangalore Metro Rail Project Phase II Line R6. The objective of the project is to bring in a quantum improvement in the transportation ..

Reserve Bank of India (RBI) released its 4th bi-monthly monetary policy statement for year 2017-18

The Reserve Bank of India (RBI) has recently released its 4th bi-monthly monetary policy statement for the year 2017-18. As per the monetary policy statement, the policy repo rate under the Liquidity Adjustment Facility (LAF) has remain unchanged at 6%. ..

B Sambamurthy appointed as new interim chairman of National Payments Corporation of India (NPCI)

B Sambamurthy, the former Director and CEO of the Institute for Development and Research in Banking Technology (IDRBT), has been appointed as new interim Chairman of the National Payments Corporation of India (NPCI). He will succeed M Balachandran, who was ..