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
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
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
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
Lack of adequate and timely disclosure among Indian municipalities has resulted in lower demand for their securities.
09 May 2019 3:10 AM
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
IRDAI chief says NPAs have to be recognised like banks do.
04 May 2019 2:03 AM
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
Central bank to remain on guard to weed out any volatility as elections are going on.
23 Apr 2019 1:49 AM
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
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
Private insurers hold one-third market, LIC wields two-thirds.
20 Apr 2019 12:58 AM
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
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
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
According to analysts, the gross and net non-performing assets (NPAs) are likely to fall sequentially.
11 Apr 2019 1:06 AM
The revised one-year MCLR stands at 8.50 per cent, down from 8.55 per cent earlier.
10 Apr 2019 1:31 AM
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
The merged entity will be christened as Indiabulls Laxmi Vilas Bank.
06 Apr 2019 1:48 AM
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