Khuntia also said Irdai has not yet received any official proposal from LIC to list on the bourses.
19 Feb 2020 6:56 AM
While the amount yielded on resolution as a percentage of liquidation value is high at 200 per cent, it has been declining.
17 Feb 2020 5:31 AM
The CRR is the percent of its cash deposits a commercial bank must maintain with the RBI.
11 Feb 2020 4:20 AM
SBI announced a reduction in its MCLR by 5 basis points across all tenors while BOI cut MCLR by 10 basis points for maturities up to six months.
08 Feb 2020 3:14 AM
The net impact of the change will range from 50 basis to 200 basis points on the margins and upto 5 per cent on the valuations.
07 Feb 2020 2:09 AM
The special dispensation will be for all bank credit to these sectors for a period of six months — between January 31 and July 31.
07 Feb 2020 1:58 AM
The central bank also announced a one-time permission to extend restructuring of MSME loans.
07 Feb 2020 1:20 AM
The move, according to experts, would help NBFCs in the recovery process of an even smaller loans.
02 Feb 2020 3:05 AM
All deposits of a depositor maintained across all branches of the failed bank are insured upto Rs 1 lakh only on the aggregate amount.
02 Feb 2020 3:01 AM
After two capital infusions, the government owns a substantial part of IDBI Bank (46.5 per cent stake) which will be completely sold off.
02 Feb 2020 2:49 AM
As on date, the shareholding of promoter Uday Kotak, who is also the MD & CEO of Kotak Bank, and the promoter group, istands at 29.96 per cent.
31 Jan 2020 1:34 AM
A bank can continue to buy group insurance covers with any number of insurance companies for the insurance needs of its customers.
29 Jan 2020 1:40 AM
The four PSU insurers— New India Assurance, Oriental Insurance, National Insurance, United India— clocked 74 per cent growth in crop insurance.
28 Jan 2020 1:37 AM
By the Irdai’s December 2019 data, the non-life insurance sector witnessed a significant slowdown.
22 Jan 2020 6:51 AM
BoM reports net profit of Rs 132 crore against loss of Rs 3,766 crore Federal Bank Q3 net rises per cent.
21 Jan 2020 1:09 AM
While DHFL’s total debt is about Rs 80,000 crore, lenders exposure to the account is around Rs 40,000 crore.
20 Jan 2020 1:35 AM
Private life insurers clock a growth of 16 per cent to Rs 24,631 crore during April-December.
15 Jan 2020 1:20 AM
Both Consumer Price Index (CPI) inflation and Wholesale Price Index (WPI) inflation rose on the back of higher food prices.
15 Jan 2020 1:13 AM
All stakeholders have been asked to submit their comments/suggestions on the proposed guidelines by January 25.
13 Jan 2020 2:15 AM
Private insurers appointed 3.82 lakh agents and terminated 3 lakh in FY19.
08 Jan 2020 1:28 AM