RBI Launches ‘RBIDATA’ App for Easy Access to Economic and Financial Data
The Banking & Finance Post Magazine
by BFSI Network
6h ago
The Reserve Bank of India (RBI) has introduced a new mobile application, ‘RBIDATA’, offering seamless access to over 11,000 series of economic and financial data related to the Indian economy. According to RBI, the app presents macroeconomic and financial statistics in an interactive and user-friendly format, enabling users to view time series data through graphs […] The post RBI Launches ‘RBIDATA’ App for Easy Access to Economic and Financial Data appeared first on Elets BFSI ..read more
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IRDAI Approves Insurance Premium Payment via Blocked Amount on UPI
The Banking & Finance Post Magazine
by BFSI Network
6h ago
The Insurance Regulatory and Development Authority of India (IRDAI) has permitted the use of a One-Time Mandate (OTM) on Unified Payments Interface (UPI) for insurance premium payments. This initiative, named Bima Applications Supported by Blocked Amount (Bima-ASBA), will allow policyholders to block funds in their bank accounts for specific transactions, ensuring a seamless and secure […] The post IRDAI Approves Insurance Premium Payment via Blocked Amount on UPI appeared first on Elets BFSI ..read more
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Abhishek Lahiri Joins Mastercard as VP of Public Policy for South Asia
The Banking & Finance Post Magazine
by BFSI Network
20h ago
Mastercard has named Abhishek Lahiri as its Vice President of public policy, to drive the company’s policy agenda across South Asia. Lahiri brings over 17 years of experience in fintech, payments, and emerging technologies, having worked with industry giants like Google, Amazon, and Meta. In his previous role as Head of Fintech and Payments Policy […] The post Abhishek Lahiri Joins Mastercard as VP of Public Policy for South Asia appeared first on Elets BFSI ..read more
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Cutting-Edge Tech Making Insurance Seamless & Efficient
The Banking & Finance Post Magazine
by BFSI Network
20h ago
From personalized services to quicker claim settlements, Bharti AXA is at the forefront of innovation, ensuring seamless and efficient solutions that meet the evolving needs of customers. In an exclusive interaction with Srajan Agarwal of Elets News Network (ENN), Nitin Mehta, Chief Distribution Officer – Partnership Distribution and Head of Marketing at Bharti AXA Life […] The post Cutting-Edge Tech Making Insurance Seamless & Efficient appeared first on Elets BFSI ..read more
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Finance Minister Unveils Mutual Credit Guarantee Scheme for MSMEs
The Banking & Finance Post Magazine
by BFSI Network
1d ago
Union Finance and Corporate Affairs Minister Smt. Nirmala Sitharaman launched the Mutual Credit Guarantee Scheme for MSMEs (MCGS – MSME) in Mumbai today, enabling loans of up to ₹100 crore for purchasing machinery and equipment without collateral. This initiative aligns with the Union Budget 2024-25’s focus on supporting micro, small, and medium enterprises, strengthening their […] The post Finance Minister Unveils Mutual Credit Guarantee Scheme for MSMEs appeared first on Elets BFSI ..read more
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Bank of Maharashtra Secures RBI Nod for GIFT City Branch
The Banking & Finance Post Magazine
by Srajan Agarwal
2d ago
State-owned Bank of Maharashtra (BoM) has received approval from the Reserve Bank of India (RBI) to establish an International Financial Services Centre (IFSC) Banking Unit at Gujarat International Finance Tec-City (GIFT City). This will be the bank’s first international branch, facilitating offshore banking operations from India. Nidhu Saxena, MD & CEO, Bank of Maharashtra termed […] The post Bank of Maharashtra Secures RBI Nod for GIFT City Branch appeared first on Elets BFSI ..read more
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IRDAI Unveils ‘Bima Trinity’ Plan, Reviews Insurance Sector at 9th Bima Manthan
The Banking & Finance Post Magazine
by Srajan Agarwal
2d ago
The Insurance Regulatory and Development Authority of India (IRDAI) held the 9th edition of Bima Manthan, its quarterly review meeting with insurance company CEOs, on February 13-14. The discussions focused on the performance of the life and general insurance industry, the progress of the state insurance plan, distribution reforms, and enhancing disclosure and transparency. A […] The post IRDAI Unveils ‘Bima Trinity’ Plan, Reviews Insurance Sector at 9th Bima Manthan appeared first on Elets BFSI ..read more
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Future Generali India Insurance Appoints Kanika Garg as COO
The Banking & Finance Post Magazine
by BFSI Network
5d ago
Future Generali India Insurance Company Limited has strengthened its leadership team with the appointment of Kanika Garg as the Chief Operating Officer (COO). With a strong background in the insurance sector and extensive experience in operational leadership, Garg brings a wealth of knowledge and expertise to the organization. Announcing her new role, Kanika Garg expressed […] The post Future Generali India Insurance Appoints Kanika Garg as COO appeared first on Elets BFSI ..read more
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2024 in Retrospect the Year That Transformed Life Insurance
The Banking & Finance Post Magazine
by BFSI Network
5d ago
Ever since the liberalisation of the Indian insurance market at the turn of the 21st century, there has been widespread transformation across the domestic insurance landscape. This is especially true for the Indian life insurance market, which is ranked seventh globally in terms of premium income, where a combination of increasing technology integration and supportive […] The post 2024 in Retrospect the Year That Transformed Life Insurance appeared first on Elets BFSI ..read more
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Insurance For All By 2047: Aviva Bridging Gaps With Tech Solutions
The Banking & Finance Post Magazine
by BFSI Network
5d ago
To align with India’s vision of “Insurance for All” by 2047, Aviva India is reimagining product design, distribution, and technology to make insurance more accessible and affordable, particularly in underserved regions, shared Gyanendra Singh, Chief Technology Officer, AVIVA Life Insurance India, in an exclusive interaction with Srajan Agarwal of Elets News Network (ENN). How is […] The post Insurance For All By 2047: Aviva Bridging Gaps With Tech Solutions appeared first on Elets BFSI ..read more
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