If DHFL goes under liquidation, it will be sold and someone else will take over. Insurance companies are also part of the inter-creditor agreement.
07 Dec 2019 1:36 AM
An entity holding over 10 per cent in an insurance company is categorised as a promoter while one holding below that limit is termed as an investor.
07 Dec 2019 1:32 AM
The policy repo rate since February was cut in every policy, cumulatively easing by 1.35 per cent or by 135 basis points to 5.15 per cent.
06 Dec 2019 3:22 AM
UBI has to cut stake in one of the 2 JVs—Star Union Daiichi and IndiaFirst.
03 Dec 2019 1:41 AM
DHFL was scheduled to announce its financial results on November 25.
30 Nov 2019 1:42 AM
Puri will act as an advisor to the search committee, the private lender said in a statement.
29 Nov 2019 2:41 AM
The Bank is going for the IPO mainly to meet the Reserve Bank of India’s requirement of listing the bank.
22 Nov 2019 2:25 AM
The central bank also said it would shortly initiate the process of resolution of the company under the insolvency and bankruptcy rules.
21 Nov 2019 1:21 AM
At present DICGC insures each bank depositor upto Rs 1 lakh for both principal and interest.
20 Nov 2019 3:47 AM
The GNPA of private banks grew from Rs 185,027 crore during Q2FY19 to Rs 191,191 crore in Q2FY20 i.e. by 3.3 per cent.
20 Nov 2019 3:36 AM
The claims settled so far since 1962 is only Rs 5,120 crore and that too for the co-operative banks” added Venkatachalam.
19 Nov 2019 3:48 AM
Secured financial creditors will recover 92 per cent of their exposure of Rs 42,000 crore to Essar Steel.
19 Nov 2019 3:37 AM
The numbers highlighted the persistent structural slowdown in the economy and firmed expectation of further monetary easing by the RBI.
14 Nov 2019 4:23 AM
SFBs have made good progress on deposit mobilisation.
12 Nov 2019 2:39 AM
The new limits are against the customers and could also impact the livelihood of around 12,000 surveyors.
11 Nov 2019 2:37 AM
Insurers will not be allowed to promote products or services of any particular third party service provider.
09 Nov 2019 3:42 AM
The RBI this year had done away with charges on NEFT and RTGS transactions and asked banks to pass on the benefit to their customers.
09 Nov 2019 3:39 AM
Solvency ratio dips to 63% against norm of 150%.
08 Nov 2019 6:26 AM
The RBI has also allowed PMC Bank account holders to withdraw money from the bank's own ATMs within the prescribed limit of Rs 50,000.
06 Nov 2019 1:25 AM
LIC’s insurance agents are pushing the existing products hard, asking customers to buy them before they close on November 30.
04 Nov 2019 1:49 AM