10:21 AM
Blogger
5:27 AM
Blogger
12:15 AM
Blogger
Given the risks of inflation becoming embedded, Gopinath said top central banks will need to be uniformly tough despite the possible costs.
1:10 PM
Blogger
1:02 PM
Blogger
Insurance penetration is expected to increase in the coming years owing to multiple factors that include changing consumer perception and realisation of financial security, the easing of IRDAI regulation regarding product approval and distribution, customization in products, balanced channel mix, and digitization efforts at the company level.
9:33 AM
Blogger
India is considering selling at least 51% of the $5 billion bank, people familiar with the matter have said, in what is set to be the biggest sale of the government’s stake in a lender in decades.
12:22 AM
Blogger
At present, any one of the six documents-passport, Aadhaar, voter's identity card, NREGA card, PAN card or driving licence-is required towards proof of identity and proof of address to open a bank account. It becomes difficult to trace multiple accounts of an individual if they are not linked and are opened with different KYC documents.
7:02 PM
Blogger
Saikat Mitra, Senior Director and Head of Trust and Safety, Google APAC (Asia Pacific region) said the company is commited to complying with regulations in all jurisdictions it operates in, and termed online harm as a "global phenomenon".
6:02 PM
Blogger
It solicits public views on what could be the best way forward to evolve a framework that is convenient, safe and affordable for users, reasonably covers the costs of running reliable systems, and incentivises private operators to do business at a time digital transactions in the country are at a record high.
5:09 PM
Blogger
5:02 PM
Blogger
It is in the interest of existing lenders to provide interim finance since they would benefit in getting an improved resolution amount being high of the waterfall priority, observed Ravi Mittal, chairman of IBBI, in a quarterly update released early this week.
3:09 PM
Blogger
1:02 PM
Blogger
The insurers have been told by Irdai that their commission and remuneration payout should be based on a board-approved policy which will be reviewed on a yearly basis. No commission shall be payable to insurance agents or the insurance intermediaries in the direct business, and the insurers must grant discounts on the premium.
1:02 AM
Blogger
Derivatives and repo markets could well play a role in aiding the corporate bond market to gain momentum as those are billed as popular hedging tools for sophisticated investors betting on bonds sold by companies. "Beyond this, market development and improvements will remain a continuous exercise," he said.
12:02 AM
Blogger
Under the new rules, Indian entities can make investments in foreign companies that have Indian subsidiaries provided the whole investment structure doesn't have more than two layers. Now, there are two interpretations about how the layers will be counted, experts said.
2:10 PM
Blogger
A panel of ministers will make the final decision on the structure of the deal. The government and LIC will formally seek to gauge buyer interest as soon as the end of September. Shares in IDBI Bank have risen 6.3% in the past 12 months, giving the lender a market value of about 424.7 billion rupees ($5.3 billion).
2:02 PM
Blogger
Mithani, who was serving as the interim Chief Financial Officer and Key Managerial Personnel of the company, has been relieved from the responsibilities with effect from August 23, 2022.
12:10 PM
Blogger
Reserve Bank of India (RBI) governor Shaktikanta Das has said inflation expectations have been anchored after peaking at 7.8% in April 2022. The governor also said that the central bank would like to bring down inflation to within 4% over a time cycle of about two years or so.
12:09 PM
Blogger
11:09 AM
Blogger
10:10 AM
Blogger
2:02 AM
Blogger
Commercial banks net credit to the real estate sector witnessed 3.5 times growth during 2021, as compared to the pandemic period, shows the Reserve Bank of India's data on sectoral lending.
2:02 PM
Blogger
RBI extended the tokenisation deadline by three months starting July. This extended time period may be used to create public awareness about the process of creating tokens and in facilitating the stakeholders to be ready for handling such transactions.
12:10 PM
Blogger
With larger public-sector banks like SBI, Bank of Baroda and Canara Bank offering more than 6% on term deposits, mid-sized banks are likely to hike their deposit rates again. Almost all banks offer senior citizens a rate that is higher by 25-50 basis points
12:09 PM
Blogger
11:10 AM
Blogger
10:09 AM
Blogger
12:02 AM
Blogger
Experts said the move is likely to bring much needed relief to the importers, whose refund claims worth over ₹1,000 crore are stuck. "The importers must get their due after the Supreme Court order. There is still no clarity in this regard and a formal communication will help the early release of funds," said Abhishek Rastogi, partner at Khaitan and Co, who represented importers in the Mohit Mineral case.
12:02 AM
Blogger
Accordingly, by failing to conduct inspection of the books of accounts, records, registers of FHHPL, the noticee has violated DT (Debenture Trustees) Regulations. She also noted that the noticee had not taken any reasonable and necessary steps to fulfil its obligations, and hence can be made liable for the neglect and failure of FHHPL.
12:02 AM
Blogger
IDBI Capital Markets, the insurance company’s process adviser for the sale of bonds, has invited binding bids from asset reconstruction companies by the evening of September 5, the people said. This is the third attempt by the country’s largest life insurance company to sell its Reliance Capital debt.
1:10 PM
Blogger
The Deposit Insurance and Credit Guarantee Corporation (DICGC) will be making payments to the eligible depositors of 17 co-operative banks in October.
5:02 PM
Blogger
Central Bank of India reported a 14.2 per cent rise in net profit to Rs 234.78 crore in the first quarter ended June this fiscal as compared to Rs 205.58 crore in the same quarter a year ago.
4:10 PM
Blogger
4:02 PM
Blogger
The company said the tie-up will further strengthen its digital leadership position and is part of an effort to make banking more inclusive and accessible to its growing consumer base.
2:09 PM
Blogger
2:02 PM
Blogger
In the June quarter of the previous fiscal, settlement of death claims was to the tune of Rs 7,111 crore, which for Q1 of this year was Rs 5,743 crore, LIC Chairman M R Kumar said in a post-earnings call with analysts.
1:09 PM
Blogger
RSS Feed
Twitter
