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'India Post Payment Bank' Wants To Convert Itself To Universal Bank: CEO

India Post Payments Bank (IPPB) wants to convert itself to a universal bank as the vast network of post office branches would help in achieving financial inclusion, its MD and CEO J Venkatramu said on Tuesday. He said when the IPPB ...

Finmin Mulls Changes, In Insurance Laws; Considers Easing Entry Level Capital Requirement

The finance ministry is contemplating changes in insurance laws, including reduction in minimum capital requirement, with a view to increasing the insurance penetration in the country. Insurance penetration in India increased from 3.76 per cent in 2019-20 to 4.20 per cent ...

Bandhan Bank Plans IPO Issue; Issue Size Yet To Be Decided

Of the two universal banking entities that also served as a microfinance institution previously, Bandhan Bank, is planning an IPO issue. The move marks the time when previous IPO of similar small and new age banking entities'issue have turned out to ...