Sunday, Jan 19, 2020 | Last Update : 07:40 PM IST


Promoters find it difficult to exit insurance business

The Indian insurers offer a return on equity (RoE) of 10-20 per cent compared to their Asian counterparts that offer RoE of 40-60 per cent.

16 May 2019 1:20 AM

Provisioning key theme of bank results in 4th quarter

Credit cost for the banking sector, which was 4.8 per cent in Q4FY18, has come down to 2.75 per cent to 3 per cent in Q4FY19.

15 May 2019 1:55 AM

Rupee sheds 62 paise, falls to 11-week low

The Indian currency had opened at 70.12 a dollar and hit a low of 70.54 during the day as oil prices rose over one per cent in global markets.

14 May 2019 2:26 AM

SBI cuts loan rates by 5 bps; posts Rs 838 crore income in Q4

Surprissingly, another state-owned lender, Bank of Baroda, announced that it has hiked its MCLR by 0.05 per cent with effect from May 7.

11 May 2019 2:29 AM

Now FPIs can invest in municipal bonds: Sebi

Lack of adequate and timely disclosure among Indian municipalities has resulted in lower demand for their securities.

09 May 2019 3:10 AM


RBI follows tribunal dictat on IL&FS loans

RBI allowed banks to treat exposure to IL&FS and its group entities as non-performing assets following the NCLAT order.

09 May 2019 2:24 AM

Insurers have to provide for IL&FS, RCap exposure

IRDAI chief says NPAs have to be recognised like banks do.

04 May 2019 2:03 AM

Top Pharmas lose plea against GIC Re in Delhi HC

GIC is fully entitled to determine the rates at which it offers re-insurance in respect of risks covered by various insurance companies.

02 May 2019 12:15 AM

Rupee drops 32 paise, may stay weak if crude spikes

Central bank to remain on guard to weed out any volatility as elections are going on.

23 Apr 2019 1:49 AM

Extend special loans to pay Jet staff: AIBEA to banks

National Aviators Guild (NAG), which is the pilots' union of Jet Airways, has said that a sum of Rs 175 crore is needed to pay employee salaries.

23 Apr 2019 12:41 AM


Competition hits general insurers

The non-life insurers had grown by 17 per cent to Rs 1.33 lakh crore in 2017-18 and had posted a growth rate of 32 per cent in 2016-17.

20 Apr 2019 12:58 AM

LIC grows 6 per cent, private insurers see 22 per cent rise

Private insurers hold one-third market, LIC wields two-thirds.

20 Apr 2019 12:58 AM

Jet will fly again, say banks

At its peak, Jet operated 123 planes and over 600 daily flights. It was flying just seven planes on Tuesday.

19 Apr 2019 2:35 AM

Never surrender your Ulip policy within five years

The 10-year plan has an annual premium of Rs 1 lakh and the policy has completed three years.

17 Apr 2019 2:01 AM

Banks close FY19 with 13.2 per cent credit growth

For FY18 bank credit had grown by 10.5 per cent to Rs 86.25 lakh crore while the deposit growth was a mere 6.7 per cent to Rs 114.26 lakh crore.

12 Apr 2019 1:58 AM


PSBs to report higher losses for March quarter

According to analysts, the gross and net non-performing assets (NPAs) are likely to fall sequentially.

11 Apr 2019 1:06 AM

Banks go thrifty with rate cut again; it’s 5 bps from SBI

The revised one-year MCLR stands at 8.50 per cent, down from 8.55 per cent earlier.

10 Apr 2019 1:31 AM

HDFC plans to raise Rs 50,000 crore via bonds

The bank said its board will consider the proposal at its meeting on April 20, when it will also announce its quarterly results.

09 Apr 2019 1:36 AM

Lakshmi Vilas board okays merger with Indiabulls HF

The merged entity will be christened as Indiabulls Laxmi Vilas Bank.

06 Apr 2019 1:48 AM

Bank of India to sell 25 per cent in Star Union Dai-ichi

The Reserve Bank of India had removed BoI from its prompt corrective action (PCA) framework in January, easing some restrictions on lending.

06 Apr 2019 1:43 AM