Insurance news: Approximately 700 insurance surety bonds valued at around ₹3,000 crore have been issued by various insurance companies to date, an official statement said...

FinTech

Digit’s IPO concludes with a subscription of 9.6 times, with QIBs submitting the highest number of bids

Pravesh Kumar Mishra - 18/05/2024 0

Digit IPO Subscribed 9.6 Times On May 17, Go Digit General Insurance, an Insurtech unicorn, witnessed a subscription of 9.6 times for its public issue...

Bank

RBI Empowers Positive Decrease in Government Treasury Bill Auction Volume

PJdesk - 18/05/2024 0

RBI Reduces Government Treasury Auctions: Amid tight liquidity conditions, the central bank has announced a significant reduction in government treasury bill sales and introduced new...

Bank

Bandhan Bank Q4 Results: Net profit drops 93% to ₹54 crore,Dividend declared

PJdesk - 18/05/2024 0

Bandhan Bank Q4 Results: Bandhan Bank reported its January-March quarter results for fiscal year 2023-24 (Q4FY24) on Friday, May 17, revealing a 94% drop in...

Bank

Government examining RBI’s draft regulations on project finance, states DFS secretary

Pravesh Kumar Mishra - 18/05/2024 0

Government review of RBI draft regulation The government and the Indian Banks Association (IBA) are currently reviewing the Reserve Bank of India’s (RBI) draft guidelines...

Stock

The GIFT Nifty suggests a favorable beginning for the domestic benchmarks BSE Sensex and NSE Nifty 50 in the special trading session

PJdesk - 18/05/2024 0

Positive Start: GIFT Nifty Signals The GIFT Nifty rose by 45.50 points or 0.21% to reach 22,551, signaling a favorable start for the domestic benchmarks...

FinTech

Policy Bazar Fintech’s top two Executives at Plan to Sell 1.86% Stake

PJdesk - 17/05/2024 0

Policy Bazar Fintech Execs to Sell 1.86% Stake Yashish Dahiya, chairman and CEO, and Alok Bansal, vice-chairman of Policy Bazar Fintech, the parent company of...

NBFC

Propelld secures $25 million in debt financing for its NBFC subsidiary, Edgro

PJdesk - 17/05/2024 0

Propelld Secures $25M Debt for NBFC Subsidiary Edgro: Propelld, an education-focused lending platform, has secured $25 million in debt financing for its wholly-owned NBFC subsidiary,...

Insurance

Insurance: Survey reveals that 6 out of 10 consumers complain about insurance mis-selling

PJdesk - 17/05/2024 0

Insurance survey: Highlighting the widespread issue of manipulative selling in the insurance sector, a survey by LocalCircles found that six out of 10 consumers using...

Bank

RBI imposes monetary penalty on 2-Co-operative Bank

PJdesk - 17/05/2024 0

RBI monetary Penalty on The Bapunagar Mahila Co-operative Bank Ltd., Ahmedabad, Gujarat The Reserve Bank of India (RBI) has, by an order dated May 8,...

Bank

RBI’s bond buyback yields only Rs 2,069 crore out of the notified Rs 60,000 crore.

PJdesk - 17/05/2024 0

RBI's bond buyback The RBI repurchased only ₹2,069 crore of government bonds from a notified amount of ₹60,000 crore, as banks were unwilling to sell...

News

China’s retail sales and investment figures for April fell short of expectations

PJdesk - 17/05/2024 0

China's retail sales and investment data: On Friday, China reported data indicating slower consumer growth while industrial activity remained robust. Retail sales increased by 2.3%...

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Intellect launches PF cloud, world’s first open business impact AI platform, purple fabric on cloud at GIFT city. Redefining enterprise-grade AI adoption

FinTech PJdesk - 27/06/2025 0

Intellect Design Arena Ltd, a global leader in first-principle-based enterprise-grade financial technology, today announced the launch of PF Cloud, the world’s first Open Business...

News

Intellect launches PF cloud, world’s first open business impact AI platform, purple fabric on cloud at GIFT city. Redefining enterprise-grade AI adoption

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