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Tata Tele Business Services highlights significance of ‘Smart Internet’ in Growth of SMEs in India

Mumbai, February, 2022: Tata Tele Business Services (TTBS), India’s leading B2B digital services provider, hosted its flagship industry forum CXO Round Table discussion on “Smart Internet – The engine of SME Growth.” Considering changes due to COVID-19 which led enterprises to rethink, redesign, and re-imagine their operations in a new mode of constant transition and remote work environment, […]

Insurance as % of GDP spikes

Mumbai: The pandemic has increased the potential for health and life insurance in India. According to Swiss Re’s Sigma report on World Insurance, insurance contribution to GDP has risen to 4.2% in FY21 from 3.76% in FY20. Insurance penetration (premium as a percentage of GDP) for both life and non-life insurance has seen an increase during the pandemic. While life penetration has increased from […]

IBA moves RBI seeking licence to set up Rs 6,000-cr NARCL; approval likely in next few weeks

The Indian Banks’ Association (IBA) has moved an application to the Reserve Bank of India (RBI) seeking licence to set up a Rs 6,000-crore National Asset Reconstruction Company Ltd (NARCL) or bad bank, according to sources. NARCL was incorporated last month in Mumbai following the registration with Registrar of Companies (RoC). According to sources, the company after mobilising […]

RBI standardises bank locker rules

Reserve Bank of India (RBI) has standardised the rules for opening and maintaining bank lockers across banks, in response to directions by a two judge bench of the Supreme Court in February. RBI has asked all bank boards to frame a agreement for safe deposit lockers based on a model locker agreement to be framed by Indian Banks Association (IBA). Banks have time to […]

Citibank granted IFSCA licence to set up banking unit at GIFT City

Ahmedabad: US-headquartered Citibank NA has received the regulatory approval to open a banking unit at India’s only International Financial Services Centre at Gandhinagar, to carry out offshore transactions, said sources privy to the development. This has paved the way for the first US bank to set up a branch at the Gujarat Finance Tec-City (GIFT City). “We issued a […]

Vikram GR Joins Wipro Enterprises as CISO

Cybersecurity leader, Vikram GR, has joined Wipro Enterprises as Chief Information Security Officer (CISO). He joins Wipro from Diageo India, a leading beverage alcohol company, where he served as the CISO. Wipro Enterprises is the consumer and engineering business group of Wipro. The company’s portfolio includes Wipro Consumer Care and Lighting and Wipro Infrastructure Engineering (WIN). In his career spanning over a decade, […]

Tata Motors partners with Bank of Maharashtra for passenger vehicle retail financing scheme

Homegrown auto major Tata Motors on Monday said it has partnered with Bank of Maharashtra to offer retail financing scheme for its passenger vehicles. Under the partnership, Bank of Maharashtra will provide loans to Tata Motors’ customers at an interest rate starting from as low as 7.15 per cent linked with Repo Linked Lending Rate (RLLR), subject to certain conditions, the […]

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