Paisabazaar Partners with RBL bank to Offer Credit Card

  • com, a digital platform for consumer credit, has partnered with RBL Bank Limited to offer ‘Paisa on Demand’ (PoD), a credit card that will be exclusively available on the Paisabazaar platform.

HDFC Ergo General Insurance & Visa Partnered For Insurance cover on Select Bank Cards

  • HDFC Ergo General Insurance (HDFC ERGO) entered into a first-of-its-kind partnership with Visa to offer curated insurance covers for Visa’s Platinum card holders for select public sector banks.
  • The policy will offer fraud insurance cover for an amount up to Rs 1 lakh to all Visa Platinum Credit & Debit Cards of participating issuers.

Tata Group Picks SBI, BoB, HDFC to Finance Air India’s Old Debt

  • The Tata Group has chosen State Bank of India (SBI), Bank of Baroda (BoB) and HDFC Bankas preferred bankers for India’s largest international airline, ‘Air India’ which was recently taken over by Tata sons from the Government of India.
  • Tata Sons availed aRs 10,000-crore loan from SBI and a Rs 5,000-crore loan from BoBthat are unrated, unsecured, and pegged at 25% interest rate annually. (The loan acquired from HDFC is unknown yet).

CMIE: India’s Unemployment Rate in January 2022 Falls to 6.57%; Lowest since March 2021

  • According to the Centre for Monitoring Indian Economy Pvt. Ltd (CMIE), the unemployment rate of India has declined to 57% in January 2022, the lowest since March 2021(6.50%).
  • In January 2022, the unemployment rate in urban India is at 16% and the unemployment rate in rural India is at 5.84%.
  • Telanganahas reported the lowest unemployment rate with 0.7% followed by Gujarat (1.2 per cent), Meghalaya (1.5 per cent) and Odisha (1.8 per cent).

LIC, 3rd Strongest & 10th most Valuable Insurance Brand Globally

  • According to a brand valuation report by London-based Brand Finance, LIC is India’s strongest and the largest brand in the country with a valuation of $8.656 billion (around Rs 64,722 crore).
  • With this, it also becomes the third-strongest insurance brand globally after Poste Italiane of Italy, and Mapfre of Spain at 1st and 2nd rank respectively.
  • It is also the world’s 10th most valuable insurance brand.