Airtel Payments Bank partners ICICI Lombard for cyber insurance
The partnership comes at a time when the growth in digital payments and transactions has led to a surge in sophisticated online frauds.
Banks' gross bad loans decline to Rs 8 lakh crore as of September: KaradCiting Reserve Bank of India's (RBI) data on global operations of scheduled commercial banks, Minister of State for Finance Bhagwat Karad in a reply to the Lok Sabha said the banks' gross non-performing assets (GNPAs) have declined from Rs 9,33,779 crore (GNPA ratio of 9.07 per cent) as on March 31, 2019, to Rs 8,00,463 crore (6.93 per cent) as of September 30, 2021.
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