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Insurers can maintain current accounts in appropriate number of banks: Irdai

Insurance regulator Irdai on Wednesday said insurers can maintain current accounts in an appropriate number of banks for premium collection and policy payments for the convenience of policyholders and ease of doing business. Insurance Regulatory and Development Authority of India (Irdai) has issued the clarification in the backdrop of

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Bank of India kick starts Outreach Programme

After finance minister Nirmala Sitharaman's nudge to state-run banks for holding loans melas across India from October, state-run has kick started its "customer outreach programme," to promote doorstep banking and be an active partner in the ongoing economic revival process. The public sector lender started its pan India intiative

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Stocks making the biggest moves premarket: Constellation Brands, Palantir, Norwegian Cruise and others

Check out the companies making headlines before the bell:Constellation Brands (STZ) – The maker of beer and wine reported adjusted quarterly earnings of $2.38 per share, missing the $2.77 consensus estimate, although revenue did beat Wall Street forecasts and Constellation increased its full-year earnings outlook. Shares fell 2.2% in

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Visa launches India’s first Card-on-File tokenization service for merchants

Global payments firm Visa, on Wednesday launched Card-on-File (CoF) tokenization services in India in line with the recently issued RBI guidelines. Launched in partnership with Juspay, India’s first CoF tokenization service is now available across ecommerce leaders such as Grofers, bigbasket and MakeMyTrip. Card-on-File (CoF) tokenization provides two key benefits

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Affordable Housing Finance Companies bear the brunt of Covid: ICRA

The affordable housing finance companies which had been growing at significantly higher rates than the overall housing finance industry in the past witnessed a moderation in growth following the Covid-19 induced challenges in the operating environment, rating agency said in its latest report. The growth in the loan book

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