FINANCE – Page 23 – msmenews.sbs

Karnataka Bank launches 2 products to mark its founders’ day

AIMPWAMarch 3, 2025

Karnataka Bank launched two new products — ‘KBL Stri’ and ‘KBL One Family Banking Programme’ — to mark its 101st founders’ day on Tuesday. According to the bank, ‘KBL Stri’ is a savings bank account designed for women to define their own success whether they are home-makers, professionals or entrepreneurs. ‘KBL One Family...

Health cover premium crosses ₹1 lakh crore mark in first 10 months of FY25

AIMPWAMarch 3, 2025

Health insurance segment is continuing to drive growth in the non-life industry and has crossed the milestone of ₹1 lakh crore mark in the current fiscal year ending January 2025 compared to the same period last year. As per the latest Insurance Regulatory and Development Authority of India (IRDAI) and the General Insurance Council, health premium reached...

Depositors at NICB on tenterhooks, worried over how they will pay salaries

AIMPWAMarch 3, 2025

Saeed Ahmad Siddiqui, Secretary, Sarla CHS Ltd, Versova is distraught. He wonders how he will pay the society’s water and electricity bills and the staff salaries. Equally worried is a Mumbai-based transport operator who is concerned that he may not be able to pay his employees. They are among the many depositors hit hard by RBI’s...

SEBI proposes tighter security for investors’ trading accounts

AIMPWAMarch 2, 2025

The Securities and Exchange Board of India (SEBI) has proposed a SIM-binding mechanism to prevent unauthorised transactions in investors’ trading or demat accounts. This mechanism—similar to that of Unified Payments Interface (UPI) payments — will ensure that a user can login to their trading account once the unique client code (UCC) matches with the linked...

IRDAI permits one-time UPI mandate for buying life, health cover

AIMPWAMarch 2, 2025

The Insurance Regulatory and Development Authority of India (IRDAI) has permitted a one-time mandate for blocking the amount towards premium through Unified Payments Interface (UPI) mandate for issue of life and health insurance policies. As per the existing norms, no premium deposit/ proposal deposit is required to be paid to the insurer along with the...

CCI approves amalgamation of Chaitanya India Fin Credit and Svatantra Holdings into Svatantra Microfin

AIMPWAMarch 2, 2025

The Competition Commission of India (CCI) has approved amalgamation involving four entities within the Svatantra Group. The proposed amalgamation involves Svatantra Holdings Pvt Ltd (SHPL), a core investment company focused on equity, preference shares, and securities, incorporated in 2018; Svatantra Microfin Pvt Ltd (SMPL), a Non-Banking Financial Company-Micro Finance Institution (NBFC-MFI) providing microfinance and personal...

LIC Smart Pension Plan: Single premium annuity with multiple payout options

AIMPWAMarch 2, 2025

The Life Insurance Corporation of India (LIC) has launched a single premium “Smart Pension plan,” offering a range of annuity options for single life and joint life annuities. To subscribe to the “Smart Pension plan”, which is a non-par, non-linked, individual/group, savings, and immediate annuity plan, the minimum age at entry is 18 years. The...

PNB reports ₹270.57 crore fraud in NPA account to RBI

AIMPWAMarch 2, 2025

Punjab National Bank has reported a fraud of ₹270.57 crore to the Reserve Bank of India in the non-performing account of Bhubaneswar-based Gupta Power Infrastructure Ltd. The public sector bank, in a regulatory filing, said it has already made provisions amounting to ₹270.57 crore, as per prescribed prudential norms. The number of frauds (borrowal, non-borrowal...

All NBFCs can invest in Security Receipts issued by ARCs

AIMPWAMarch 2, 2025

The markets regulator has given more leeway to Non-Banking Finance Companies to invest in Security Receipts issued by Asset Reconstruction Companies, recognising all of them, including housing finance companies, as qualified buyers. This may encourage more Non-Banking Fnance Companies (NBFCs) to explore investments in Security Receipts (SRs) issued by Asset Reconstruction Companies (ARCs), thereby widening...

How AGS Transact Technologies got into financial trouble

AIMPWAMarch 2, 2025

What does AGS Transact Technologies do? AGS Transact Technologies, which listed on the bourses in 2022, is a provider of digital and cash payments solutions. It is an integrated cash and ATM management solutions provider. It provides cash management services through its subsidiary Securevalue India and is establishing its presence in digital payment solutions wherein it provides merchant solutions (POS...

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HDFC Asset Management Co’s valuation cooled off despite a strong quarter. Time to reconsider?

AIMPWAMarch 15, 2025

However, with market corrections underway, mutual fund stocks have taken a back seat amid concerns over an earnings slowdown. This trend is evident from February data, which show that mutual fund AUMs declined 4% month-on-month to ₹64.26 trillion and overall net inflows plummeted 79%. Amid these charging market dynamics, Mint’s Profit Pulse takes a deep...

Stock Market News Today Live Updates on March 15, 2025 : HDFC Asset Management Co’s valuation cooled off despite a strong quarter. Time to reconsider?

AIMPWAMarch 15, 2025

Stock Market News Today Live Updates: In an ever-evolving financial world, staying informed about stock market trends is crucial. Our Stock Market News provides real-time updates, insightful analysis, and in-depth coverage of the global financial landscape. From major index movements and corporate earnings to economic indicators and geopolitical events, we deliver the latest information impacting...

Bench is charging people for services they already paid for, some customers say

AIMPWAMarch 14, 2025

After Employer.com acquired bankrupt accounting startup Bench in a fire-sale late last year, CEO Jesse Tinsley pledged on LinkedIn and elsewhere to honor past customer payments. “We’re honoring all prepaid Bench services even though we will not have the revenue from that directly ourselves,” Tinsley said in an interview with founder and investor Julian Weisser....

Tern AI’s low-cost GPS alternative actually works

AIMPWAMarch 14, 2025

We’ve all experienced that moment of frustration when the GPS glitches and you miss an exit on the highway. The team at Tern AI, which is building a low-cost GPS alternative, says that’s because the current technology is limited by its reliance on satellite positioning. Tern AI says it has figured out how to locate...

Fintech Klarna files for IPO at a weak point for public debuts

AIMPWAMarch 14, 2025

The fintech company thinks it can offer investors more than just its buy-now-pay-later products. Source link

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Latest Posts

Karnataka Bank launches 2 products to mark its founders’ day

Health cover premium crosses ₹1 lakh crore mark in first 10 months of FY25

Depositors at NICB on tenterhooks, worried over how they will pay salaries

SEBI proposes tighter security for investors’ trading accounts

IRDAI permits one-time UPI mandate for buying life, health cover

CCI approves amalgamation of Chaitanya India Fin Credit and Svatantra Holdings into Svatantra Microfin

LIC Smart Pension Plan: Single premium annuity with multiple payout options

PNB reports ₹270.57 crore fraud in NPA account to RBI

All NBFCs can invest in Security Receipts issued by ARCs

How AGS Transact Technologies got into financial trouble

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HDFC Asset Management Co’s valuation cooled off despite a strong quarter. Time to reconsider?

Stock Market News Today Live Updates on March 15, 2025 : HDFC Asset Management Co’s valuation cooled off despite a strong quarter. Time to reconsider?

Bench is charging people for services they already paid for, some customers say

Tern AI’s low-cost GPS alternative actually works

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HDFC Asset Management Co’s valuation cooled off despite a strong quarter. Time to reconsider?

Stock Market News Today Live Updates on March 15, 2025 : HDFC Asset Management Co’s valuation cooled off despite a strong quarter. Time to reconsider?

Bench is charging people for services they already paid for, some customers say

Tern AI’s low-cost GPS alternative actually works

Fintech Klarna files for IPO at a weak point for public debuts

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HDFC Asset Management Co’s valuation cooled off despite a strong quarter. Time to reconsider?

Stock Market News Today Live Updates on March 15, 2025 : HDFC Asset Management Co’s valuation cooled off despite a strong quarter. Time to reconsider?

Bench is charging people for services they already paid for, some customers say

Tern AI’s low-cost GPS alternative actually works

Fintech Klarna files for IPO at a weak point for public debuts

Profitable Klarna files for a potentially blockbuster IPO