Category : Banking


PFRDA's New Pension Products Aim to Beat Annuities

PFRDA is developing innovative post-retirement income products to surpass conventional annuities while maintaining double-digit returns under NPS. The regulator targets digital-first onboarding and wider informal sector coverage.

Uday Kotak Named Chairman of GIFT City, Replaces Hasmukh Adhia

Prominent banker Uday Kotak has been appointed as the chairman of Gujarat International Finance Tec-City Company Limited (GIFTCL) with immediate effect, taking over from Hasmukh Adhia. Kotak, founder of Kotak Mahindra Bank, brings extensive financial expe

RBI Sets Rs 500 Crore Net Worth for Acquisition Finance

RBI mandates Rs 500 crore minimum net worth for companies seeking acquisition financing, allowing unlisted firms with investment-grade ratings. New rules effective April 1, 2026, raise financing ceiling to 75% and ease eligibility criteria.

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