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RBI's anti-mis-selling norms may redraw bancassurance business models, hit cross-sell revenues

The final guidelines, which will come into force from January 1, 2027, ban incentive arrangements that encourage aggressive sales practices and require banks to take responsibility for all financial products sold through their branches, digital channels, agents and outsourced partners.

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RBI's anti-mis-selling norms may redraw bancassurance business models, hit cross-sell revenues

The final guidelines, which will come into force from January 1, 2027, ban incentive arrangements that encourage aggressive sales practices and require banks to take responsibility for all financial products sold through their branches, digital channels, agents and outsourced partners.

Read More
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CCI approves Kedaara Capital's Rs 750 crore stake purchase proposal in Axis Finance

India’s competition watchdog has given the green light for Kedaara Capital to invest Rs 750 crore in Axis Finance. This marks a significant primary capital raise for Axis Finance, its largest to date. It is also the first time the…

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Alethea Advisors Expands Leadership Team to Accelerate Growth Across M&A, Transaction Advisory and Global Delivery

Bengaluru (Karnataka) [India], Alethea Advisors, a fast-growing independent strategic transaction and corporate advisory firm, has appointed Gyanendra N Pati (Gyan) as Chief Growth and Marketing Officer (CGMO) and Gaurav Jain as Director, Head of M&A and Global Delivery, as the…

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Capitalmind Flexi Cap Fund adds Nestle India and 10 others, exits SBI and 14 others in May

Capitalmind Flexi Cap Fund made significant portfolio adjustments in May. The fund welcomed Nestle India and eleven new stocks. It also divested holdings in State Bank of India and fourteen other companies. Exposure was increased in sixteen stocks, including NMDC…

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Ignosis AI Launches Multi-Agentic Collections Platform Powered by Financial Data Intelligence and Account Aggregator Intelligence

Ahmedabad (Gujarat) [India], Ignosis AI today announced the launch of its Multi-Agentic, Hyperpersonalised AI Collections Platform for BFSI, a next-generation debt recovery solution powered by Financial Data Intelligence and Account Aggregator Intelligence.

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News

  • Travelling abroad? France, Mauritius, Qatar — Here's the full list of countries with UPI facility enabled for Indians

    Wider acceptance of UPI abroad benefits Indian tourists, students and business travelers by allowing use familiar mobile apps for payments instead of reliance on international debit or credit cards.

  • Asset allocation explained: Why equities, debt and gold should all have a place in your portfolio? Expert explains

    Asset allocation across equities, debt and gold helps investors balance growth, stability and risk. Learn how diversification, age-based investing and regular portfolio rebalancing can improve long-term returns and protect wealth during market volatility.

  • ETF market price vs NAV: Why some funds trade at a 20% premium while others stay close to fair value?

    Most domestic ETFs are trading close to their NAV, while some international ETFs trade at steep premiums due to supply constraints. Experts advise investors to compare an ETF's market price with its NAV or iNAV to avoid overpaying and make better investment decisions.

  • Credit cards: A financial convenience or a debt trap? Experts explain how smart usage makes the difference

    Credit cards offer convenience, rewards and credit-building opportunities, but only when used responsibly. Experts explain how timely repayments and disciplined spending can help individuals avoid debt, improve credit scores and maximise financial benefits while reducing borrowing risks.

  • US market at record highs, China still cheap: Where should Indian investors invest?

    Indian investors are reevaluating portfolio strategies amid market volatility. The US offers growth but is expensive, whereas China is cheaper yet carries risks. Experts suggest global diversification, with a recommended allocation of 15-25% for beginners and up to 50% for aggressive profiles.

  • Bank holidays this week: Will SBI, HDFC, ICICI, PNB remain open for all 6 days this week? — RBI calendar here

    Bank holidays this week: Banks in India will be closed for upto eleven days in the next month, but digital platforms like UPI and banking apps will remain operational. Customers should note that in-branch services are suspended on Sundays and specific regional holidays.

  • How do active momentum funds work, and are they worth buying?

    A new crop of funds claims to fix momentum investing's biggest flaw, but investors should wait for the funds to build a longer track-record.

  • In praise of inefficient money

    The pouch system that economists call primitive is the discipline that stops you from robbing yourself.

  • What happens if your mutual fund or bank nominee passes away before you? Here's what you should do next

    Investors should update their nominee details after the nominee's death. The assets remain valid, but failing to appoint a new nominee can lead to delays and additional paperwork for beneficiaries in claiming investments later. Details here.

  • Building an emergency fund? Start with less than ₹1,000 — Here's how to calculate your monthly SIP investment

    When making your financial plan, you can use systematic investment plan to build an emergency fund. Here's how to calculate how much to invest monthly using the 3-6-9 rule. We explain…

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