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Following the November 8-9 demonetisation, the government over the weekend asked public sector insurers to provide discounts of up to 10 per cent on the premium amount for general insurance policies and 8 per cent in new life policies of Life Insurance Corporation sold online.

Return to normal for life insurers in Q1

ICICI Prudential Life Insurance announced its earnings and reported a net profit of Rs 156 crore in April-June quarter...

19 July 2022 4:36 AM IST

PM Modi met Putin on Wednesday on the sidelines of the 11th BRICS Summit and reviewed the full range of India-Russia relations. (Photo: Twitter)

RBI spells out re-settlement terms

The RBI said that authorised banks would need to take its permission before instituting the rupee trade settlement...

12 July 2022 9:47 AM IST

Rupee depreciated 31 paise to 76.10 against the US dollar in opening trade. (PTI Photo)

Rupee plunges to new record low at 77.85, down 11 paise

At the interbank foreign exchange market, the local currency opened at 77.81 traded weaker, but directionless

11 Jun 2022 7:55 AM IST

An elevated inflation rate is also a cause of concern for the RBI, though it has decided to accord priority to economic growth in the near future. (AA file Photo)

RBI hikes key rate by 0.5 per cent as it tries to tame inflation

This latest increase in the key rate follows a surprise 40-bps repo rate hike on May 4

9 Jun 2022 1:12 AM IST

An elevated inflation rate is also a cause of concern for the RBI, though it has decided to accord priority to economic growth in the near future. (AA file Photo)

Bond yield spikes to 7.5 per cent for first time in three years

The rate setting panel has begun its three deliberations on Monday with the outcome being announced on Wednesday

7 Jun 2022 8:03 AM IST

An elevated inflation rate is also a cause of concern for the RBI, though it has decided to accord priority to economic growth in the near future. (AA file Photo)

RBI to transfer Rs 30,307 cr to government

The contingency risk buffer has also been retained at 5.5 per cent

21 May 2022 12:35 AM IST

Life Insurance Corporation (LIC) Chairperson M R Kumar addresses a press conference, in Mumbai, Wednesday, April 27, 2022. The LIC IPO is opening on May 4 with a price band of Rs 902 to Rs 949 per equity share. (PTI/Shashank Parade)

LIC's Rs.21K crore IPO, India's largest, to open on May 4

The company has decided to reserve 10 per cent of shares on the offer for its policyholders under the policyholder...

28 April 2022 8:51 AM IST

The company has decided to reserve 10 per cent of shares on the offer for its policyholders under the policyholder reservation portion. (Wikipedia)

LIC IPO a treat for policyholders

With the LIC IPO coming up, there has been a spurt in opening of demat account recently

28 April 2022 8:47 AM IST

An elevated inflation rate is also a cause of concern for the RBI, though it has decided to accord priority to economic growth in the near future. (AA file Photo)

RBI hints at end to low interest regime in June

Central bank may shift its focus to taming inflation

23 April 2022 1:42 AM IST

Infrastructure push can re-ignite economic growth, says RBI Governor Shaktikanta Das. (PTI Photo)

RBI cuts growth outlook, interest rate unchanged

Market interest rates will start increasing at a faster pace now which is positive for savers, especially the depositors

8 April 2022 11:10 AM IST

Digital payments company Paytm has partnered with Twitter to integrate Twitter Highlights

Paytm Bank barred from adding new customers

The bank has also been directed to appoint an IT audit firm to conduct a comprehensive system audit of its IT system

12 March 2022 7:58 AM IST

However, like most financial instruments, add-on credit cards comes with its share of pros and cons.

Credit card spends, transactions decline in January

All large players reported a decline in monthly spends per card with the highest fall seen by IndusInd Bank

9 March 2022 9:45 AM IST