Pet Insurance product becoming popular

While there are a few private and public sector insurance companies offering pet insurance, more are likely to join the fray

from The HinduBusinessLine - Money & Banking https://ift.tt/b7NPfV4

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High NPAs in education loan segment turn banks cautious

High defaults of about 8 per cent in the education loan portfolio have made banks cautious and go slow on the sanction of such credit. Non-performing assets (NPAs) in the education loan category including public sector banks' (PSBs) were 7.82 per cent at the end of June quarter of the current financial year.

from Banking/Finance-Industry-Economic Times https://ift.tt/STtZ3mF

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RBI to slow down on rate cuts till next year: ADB report

Inflation will remain elevated this year and the next, ADB said in an update to its Asian Development Outlook report

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MFs add 70 lakh investor accounts in 5 months of FY23 on increasing awareness, digital access

A mindset shift from traditional investment instruments to mutual funds helped in growing investor accounts

from The HinduBusinessLine - Money & Banking https://ift.tt/dwzF875

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Loan recovery agents face RBI heat for unfair practices

Even as financial institutions are in the thick of action with regulations, the role of loan recovery agents is coming to light once again. This, after a Reserve Bank of India order banning Mahindra Finance from using third party recovery agents for recovery and repossession of assets after an unfortunate incident at Hazaribagh last week.

from Banking/Finance-Industry-Economic Times https://ift.tt/pvtgXO0

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