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Sunday, October 13, 2019

Insolvency Law Committee plans to meet on October 15 to discuss new reforms for IBC

The new resolution mechanism for finance companies may apply only to limited set of entities. Deposit taking and systemically important NBFCs may be kept out

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PNB, UBI, OBC merger: Expert may be roped in to decide logo of new entity

The proposed merger will lead to the creation of the country's second-largest lender after State Bank of India.

from Business Line - Money & Banking https://ift.tt/2MEj2u6
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Life insurers’ new premium income in September up 15% at ₹20,057 cr

The new premium income of life insurers rose 15 per cent to ₹20,056.70 crore in September, data from IRDAI showed.All 24 life insurance companies had

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Life insurers' new premium income in Sept up 15% at Rs 20,057 cr

LIC, the largest life insurer, recorded a 18.37% rise in its new premium during the month at Rs 12,759.24 crore as against Rs 10,778.81 crore in the same month a year earlier.

from Banking/Finance-Industry-Economic Times https://ift.tt/2B5oHUI
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PNB, UBI, OBC merger: Outside expert may be roped in to decide logo of new entity

"The new name and logo of the merged entity will be decided after inviting suggestions from all and sundry," a top UBI official told.

from Banking/Finance-Industry-Economic Times https://ift.tt/33ozfKI
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