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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.

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...

20 April 2019 12:58 AM IST

A term plan is typically a pure insurance plan with no investment benefits, surrender value, or maturity benefit.

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

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

20 April 2019 12:58 AM IST

Jet Airways employees gather to appeal to the government to save their company, in New Delhi on Thursday. (Photo: AP)

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 April 2019 2:35 AM IST

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.

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 April 2019 2:01 AM IST

Given the higher NPAs and weak capitalisation of PSBs, ICRA had earlier projected private sector banks market share in the banking sector advances to increase to 38 per cent 40 per cent by 2020 from 27.5 per cent as on March 31, 2017. (Representational image)

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...

12 April 2019 1:58 AM IST

The ministry of home affairs (MHA) recently made changes in the circular by including CEOs of PSBs in the list of officials who can make request for issuance of LOCs to the ministry.

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 April 2019 1:06 AM IST

Liquidity too has remained tight, thereby preventing them from reducing deposit rates.

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 April 2019 1:31 AM IST

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...

9 April 2019 1:36 AM IST

The merged entity would be the countrys eighth largest private sector bank by size and profitability.

Lakshmi Vilas board okays merger with Indiabulls HF

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

6 April 2019 1:48 AM IST

Previous studies have found that men with strong handshakes are less likely to have erectile dysfunction (Photo: Pixabay)

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...

6 April 2019 1:43 AM IST

Economic Affairs Secretary Shaktikanta Das

New NPA framework soon

Banks had to treat a company as a defaulter even if it missed the repayment schedule by a day.

5 April 2019 1:13 AM IST

Shaktikanta Das

RBI slashes repo rate, lowers GDP growth forecast

Repo rate is the key interest rate at which the RBI lends short-term funds to commercial banks.

5 April 2019 1:13 AM IST