Insurance cos should sell protection products first, says SBI MD Tewari
SBI Managing Director Ashwini Tewari says insurance firms should prioritise protection products over ULIPs and calls for stronger safeguards against mis-selling
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Subrata Panda
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Prosperity is both India's ambition and its destiny: RBI DG Poonam Gupta
RBI Deputy Governor Poonam Gupta says India has entered a virtuous cycle of growth and stability, with many states likely to approach high-income levels by 2047
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RBI exempts smaller NBFCs, creates structured exit route for first time
RBI has exempted smaller NBFCs from registration and introduced a structured exit route, allowing eligible firms to apply for deregistration through its PRAVAAH portal
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RBI to roll out ECL-based provisioning framework from April 2027
RBI introduces expected credit loss framework for banks, to be implemented from April 2027, replacing incurred loss norms and strengthening credit risk provisioning
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IDBI Bank disinvestment process to continue, says FM Nirmala Sitharaman
An IBA committee will look at the issues pertaining to distribution tie-ups of banks for third-party products
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RBI proposes ₹1 trn asset threshold for NBFC upper layer classification
RBI proposes shifting to size-based classification for NBFC upper layer, including state-owned entities and simplifying existing regulatory framework
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Utkarsh 2029: RBI plans CBDC scale-up, UPI global expansion drive
RBI unveils medium-term Utkarsh 2029 strategy focusing on CBDC expansion, UPI globalisation, ULI scale-up, and modernising currency management and regulation
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India's banking system resilient, safe, strong: RBI Governor Malhotra
RBI Governor says banking system remains resilient despite recent fraud cases, with no systemic risks seen and strong regulatory oversight in place
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