MUMBAI: FM Nirmala Sitharaman on Thursday urged banks to ensure that customers can get service in branches while speaking in the local language and called upon lenders to tweak HR policies to give weightage to local language proficiency during appraisals.She asked banks to restore the human connect in customer service, insisting that technology must complement,…
Finance Minister Nirmala Sitharaman on Thursday said India needs large, world-class banks to support its expanding economy, adding that the government is in talks with the Reserve Bank of India (RBI) and lenders to build scale and strengthen the sector.Speaking at the 12th SBI Banking and Economics Conclave 2025, Sitharaman urged banks to deepen and…
Life Insurance Corporation of India (LIC) has delivered another strong quarterly performance, with higher premium income and expanding assets driving a 31% year-on-year rise in consolidated net profit to Rs 10,098 crore for the September quarter.The state-run insurer’s premium income rose 5.5% to Rs 1,26,930 crore from Rs 1,20,326 crore a year earlier, even as…
US stocks fell sharply on Thursday as investors digested another round of earnings reports while the prolonged government shutdown continued to block key economic data releases.The S&P 500 fell 1%, the Dow Jones Industrial Average dropped 449 points, or 1%, and the Nasdaq composite lost 1.6% by late morning trade. Technology majors led the declines,…
Harmanpreet Kaur lifts the trophy after India’s victory in the ICC Women’s Cricket World Cup India 2025 Final match between India and South Africa at Dr. DY Patil Sports Academy on November 02, 2025 in Navi Mumbai, India. (Photo/Getty Images) MUMBAI: Women’s cricket in India is having its moment, and brands are starting to take…
TVS Motor Company on Thursday said it has entered into agreements to divest its stake in bike-taxi aggregator Rapido for Rs 287.93 crore, marking a monetisation of its earlier investment in the Bengaluru-based mobility platform, PTI reported.In an exchange filing, the two- and three-wheeler maker said it has signed agreements with Accel India VIII (Mauritius)…
The average long-term US mortgage rate rose slightly this week, snapping a four-week decline that had brought borrowing costs to their lowest level in over a year, AP reported.Mortgage buyer Freddie Mac said on Thursday that the average rate on a 30-year fixed mortgage ticked up to 6.22% from 6.17% a week earlier. A year…
The Institute of Chartered Accountants of India (ICAI) on Thursday presented its suggestions to a Parliamentary panel reviewing proposed changes to the Insolvency and Bankruptcy Code (IBC), aimed at strengthening and streamlining the insolvency resolution framework.The Select Committee of Parliament, headed by BJP MP Baijayant Panda, is examining the Insolvency and Bankruptcy Code (Amendment) Bill,…
Shares of State Bank of India (SBI) are witnessing renewed investor optimism following its strong September-quarter performance, prompting top brokerages to raise their price targets by as much as 20% over the next year.Analysts said the lender’s steady profit growth and improving asset quality have strengthened investor confidence, while derivatives data indicated fresh bullish positions…
Markets regulator Sebi has proposed a major revamp of the certification framework for securities market professionals, aiming to expand participation and upgrade skill standards in line with evolving market needs.In a consultation paper released on Thursday, Sebi suggested broadening the definition of “Associated Persons” to include not only those employed by intermediaries and regulated entities…
