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SFBs have made good progress on deposit mobilisation with deposits accounting for 63% of borrowings.

SFBs would need nearly Rs 3,900crore till FY22: ICRA

SFBs have made good progress on deposit mobilisation.

12 Nov 2019 2:39 AM IST

The new limits are against the customers and could also impact the livelihood of around 12,000 surveyors.

Surveyors oppose hike in limit for self-assessment

The new limits are against the customers and could also impact the livelihood of around 12,000 surveyors.

11 Nov 2019 2:37 AM IST

In order to enhance the scope of services offered under wellness and preventive features/benefits of health insurance products, the insurance regulator-The Insurance Regulatory and Development Authority of India (Irdai) on Thursday released an exposure draft on guidelines on wellness and preventive features.

Health insurers may offer you fitness goodies

Insurers will not be allowed to promote products or services of any particular third party service provider.

9 Nov 2019 3:42 AM IST

The Reserve Bank of India (RBI) has mandated banks not to charge savings account holders for NEFT with effect from January 2020.

No NEFT charges from January

The RBI this year had done away with charges on NEFT and RTGS transactions and asked banks to pass on the benefit to...

9 Nov 2019 3:39 AM IST

Solvency ratio is a key metric used to determine the ability of an insurer to meet its debt, pay claims and honour other financial commitments.

Reliance Health barred from selling policies

Solvency ratio dips to 63% against norm of 150%.

8 Nov 2019 6:26 AM IST

Asserting that all its loans are fully secured, suspended PMC Bank managing director Joy Thomas stated that one large account - HDIL - was the sole reason for the present crisis that led to the regulatory action on Tuesday. (Photo: PTI)

PMC Bank: Withdrawal limit raised to Rs 50,000

The RBI has also allowed PMC Bank account holders to withdraw money from the bank's own ATMs within the prescribed limit...

6 Nov 2019 1:25 AM IST

Life Insurance Corporation may be roped in to participate in the Rs 2.11 lakh crore recapitalisation initiative for public sector banks (PSBs). (File Photo)

LIC plans to scrap many key schemes from December 1

LIC's insurance agents are pushing the existing products hard, asking customers to buy them before they close on...

4 Nov 2019 1:49 AM IST

Life Insurance Corporation may be roped in to participate in the Rs 2.11 lakh crore recapitalisation initiative for public sector banks (PSBs). (File Photo)

LIC to withdraw many products from November 30

Among the retail products that would be closed are some of LIC's best sellers such as Jeevan Anand, Jeevan Umang, Jeevan...

4 Nov 2019 1:03 AM IST

The RBI minutes from October policy review underscored the monetary policy committee members unanimous decision to keep rates lower.

RBI rejigs internal setup to monitor banks better

The development follows the RBI's central board decision to create separate supervisory and regulatory cadre.

2 Nov 2019 1:29 AM IST

Shares of Yes Bank jumped 35 per cent before closing with gains of 24 per cent after the lender informed the exchanges that it has received a $1.2 billion binding offer (around Rs 8500 crore) from a global investor. The bank is yet to consider the offer, it said.

Yes Bank gets Rs 8500 crore global investor offer

While the bank did not name the investor, according to reports, it was Hong Kong-based SPGP Holdings.

1 Nov 2019 1:56 AM IST

According to a latest TransUnion Cibil Industry Insights Report, consumer loans grew 17.1 per cent year-on-year (YoY) in Q2 2019, compared to 23.5 per cent in Q2 2018.

Lenders court risky borrowers to push up retail loan growth

Growth in credit cards and personal loans significantly outpaced growth witnessed in auto loans, home loans and loans...

31 Oct 2019 12:53 AM IST

State Bank of India

SBI surprises with robust Q2 earnings

Asset quality improved sequentially as well as year-on-year.

26 Oct 2019 1:25 AM IST