Health insurance news update: To enhance the affordability and appeal of health insurance, the government may propose reducing the GST tax rate to 12% from...

Bank

Citi suggests that the bond buyback indicates a shift in the RBI’s stance towards easing and could potentially transition to a neutral position.

PJdesk - 06/05/2024 0

Bond buyback by RBI India's unanticipated decision to repurchase bonds suggests that the central bank is taking proactive steps to ease liquidity and could potentially...

FinTech

Paytm’s stock drops by 4.5% following the resignation of President & COO Bhavesh Gupta; Attention shifts to Q4 results

PJdesk - 06/05/2024 0

Paytm news update: On May 6, shares of Paytm experienced a decline of more than 4.5% following the announcement of the resignation of its Chief...

NBFC

NBFC update:Ugro Capital Limited has reported a significant 133% surge in net profit, alongside announcing a fund raise totaling Rs 1,332 cr.

PJdesk - 05/05/2024 0

NBFC update: Ugro Capital Limited's shares experienced a rise of 1.04 percent, accompanied by a notable increase in trading volume, surpassing 6.87 times the usual....

Bank

Kotak Mahindra Bank’s Fourth Quarter Results Show a 17.6% Increase in Profit Driven by Higher Other Income.

PJdesk - 05/05/2024 0

Kotak Mahindra Bank's Fourth Quarter Results: Kotak Mahindra Bank Ltd. witnessed a surge in profit during the fourth quarter, surpassing analysts' projections. According to an...

FinTech

Bitget reveals a 166% surge in daily crypto traders, signaling a crypto boom in the Middle East

PJdesk - 03/05/2024 0

Crypto Bitget news update Six Middle Eastern countries witnessed a surge in daily active users on centralized crypto exchanges, reaching 300,000. By the same month...

NBFC

Poonawalla Fincorp achieves its highest-ever profit after tax (PAT) of ₹332 crore in the fourth quarter, driven by robust disbursements.

PJdesk - 03/05/2024 0

Poonawalla Fincorp quarterly results Poonawalla Fincorp recorded its highest-ever quarterly profit of ₹332 crore in Q4 FY24, marking an 84 percent increase year-on-year and a...

Insurance

Health insurance:Survey finds that 43% of policyholders encountered obstacles when trying to obtain claims following treatment

PJdesk - 03/05/2024 0

Health insurance claim hustle: Nearly 40% of patients encountered obstacles in securing their health insurance claims. A survey revealed that 43% of health insurance policyholders,...

Bank

Federal Bank’s net profit for the fourth quarter remained unchanged at Rs 906 crore for the March quarter.

PJdesk - 03/05/2024 0

Federal Bank's March quarter results: Federal Bank reported a consistent net profit of Rs 906 crore in the March 2024 quarter, remaining unchanged from the...

NBFC

Bajaj Finance celebrates a significant victory as the RBI removes restrictions on eCOM and Insta EMI card loans.

PJdesk - 02/05/2024 0

Bajaj Finance news update: On Thursday (May 2), Bajaj Finance, a non-banking financial company, announced that the Reserve Bank of India (RBI) has removed the...

Bank

97.76% of the ₹2000 denomination Banknotes in circulation has since been returned:RBI

PJdesk - 02/05/2024 0

₹2000 denomination Banknotes Reserve Bank of India announced on 2 May 2024 that 97.76% of the ₹2000 banknotes in circulation as of May 19, 2023,...

FinTech

MobiKwik’s Upasana Taku predicts that by 2028, over 800 million Indians will engage in transactions through digital channels

PJdesk - 02/05/2024 1

MobiKwik news update In an interview with Storyboard18, co-founder of MobiKwik Upasana Taku said,"India presents a substantial fintech opportunity, ranking as the third-largest market globally....

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