Edited excerpts from valedictory speech delivered by R. Gandhi, Deputy Governor, Reserve Bank of India, at the FIBAC 2016 “New Horizons in Indian Banking” on 17 August 2016 at Mumbai. “Banking is necessary, but banks are not”, I am quoting here Bill Gates, what he said as Chairman, Microsoft, way…
After a prolonged period of sluggish performance, Hyderabad, the state capital of Telangana, is expected to witness rapid growth in terms of real estate with increase in demand supported by infrastructure development and investment from IT companies. In Hyderabad, the IT/ITES (information technology and information technology-enabled services) sector employs over…
Most banks offer their customers a home loan insurance when they fund their homes through a bank loan. Home loan insurance, also know as Home Loan Protection Plan (HLPP), is an insurance plan that covers the balance principal payment against the insured loan in the event of untimely demise of the…
Interested to know when and how did insurance come into existence? What is the history of insurance in the world? When and where were the first life insurance policies issued? When did insurance start in India? All these insurance facts and history of Insurance in India summarised in a neat…
The Reserve Bank of India (RBI) governor, Raghuram G Rajan, has suggested Indian banks should improve their hiring process to bring in the right talent and also offer performance-based incentives, including promotions and employee stock options, to its executives to improve the performance of its loan assets. “The current times…