December 27, 2024 07:20 IST
With strong academic credentials, he carried out major legal reforms related to banking sector.
Fri, Dec 27, 2024December 26, 2024 23:10 IST
Singh's enduring legacy would be his achievement, under the helmsmanship of former Prime Minister Narasimha Rao, of ushering in an era of reforms in 1991 — from the controversial two-stage devaluation to liberalisation and globalisation policies.
Fri, Dec 27, 2024December 24, 2024 12:43 IST
Standalone health insurers’ claim ratio only at 64.71 pc; life insurers pay Rs 51,524 crore as commission
Wed, Dec 25, 2024December 21, 2024 22:49 IST
The actual default and other liabilities claimed before the National Company Law Tribunal (NCLT) run into several thousands of crores by these companies.
Mon, Dec 23, 2024December 19, 2024 04:20 IST
This has happened at a time when banks managed to bring down overall gross NPAs from Rs 6.97 lakh crore (5.89 per cent of advances) in March 2022 to Rs 4.56 lakh crore (2.79 per cent) by March 2024.
Thu, Dec 19, 2024December 17, 2024 22:12 IST
The rupee depreciated to a new low of 84.93 per dollar intra-day on Tuesday and closed flat at 84.90 due to the widening of India’s merchandise trade deficit in November.
Tue, Dec 17, 2024December 17, 2024 04:20 IST
Total recoveries from write-offs were only 18.70 per cent at Rs 1,85,241 crore in the last five years, according to the Reserve Bank of India data.
Tue, Dec 17, 2024December 15, 2024 22:31 IST
A composite licence allows an insurer to operate multiple lines of businesses like life, health and non-life insurance under one entity. This is not allowed as of now.
Mon, Dec 16, 2024December 15, 2024 04:00 IST
Sumit Bohra said 100 per cent FDI in insurance will create a huge impact but maintained that allowing an agent to represent multiple insurers would not be correct.
Mon, Dec 16, 2024December 11, 2024 23:10 IST
The number of credit cards issued by banks also rose rapidly to 10.61 crore as of September 2024 from 9.3 crore in September 2023, 7.36 crore in March 2022 and 6.20 crore in March 2021, RBI data shows.
Fri, Dec 13, 2024December 11, 2024 11:09 IST
The new Governor inherits a fairly stable financial, monetary ecosystem unlike his predecessors
Thu, Dec 12, 2024December 09, 2024 18:43 IST
Turf wars between the two sides have played out for years as successive Governors sought to protect the autonomy and independence of the central bank.
Tue, Dec 10, 2024December 08, 2024 04:00 IST
Credit Information Companies are dependent on the data reported by credit institutions for making any updates, says CIBIL
Tue, Dec 10, 2024December 06, 2024 11:33 IST
RBI Monetary Policy Committee meeting: Banks will have more liquidity to lend, which is expected to spur economic growth. The policy panel has also cut the GDP growth forecast and raised the inflation estimate for FY25.
Fri, Dec 06, 2024December 04, 2024 19:10 IST
Even as the Sebi contemplates tighter IPO norms for SMEs in the wake of a series of misconducts, the SME IPO market is flourishing with huge oversubscriptions and listing at high premium
Sun, Dec 08, 2024December 04, 2024 03:30 IST
The IPO which was open for subscription between September 10 and 12, 2024 oversubscribed 345.65 times. The issue was priced at the upper end of the price band (Rs 70 per share) and Rs 44.87 crore was raised through the issue.
Wed, Dec 04, 2024December 04, 2024 00:55 IST
Total income rose sharply to Rs 3,686.26 crore in the September quarter as against Rs 2,850.52 crore a year ago.
Wed, Dec 04, 2024December 03, 2024 06:32 IST
The RBI’s home index is based on transaction-level data received from the registration authorities in top ten major cities.
Wed, Dec 04, 2024November 30, 2024 22:49 IST
Indicating the rising indebtedness, credit card outstanding rose to Rs 2.71 lakh crore by September 2024 from Rs 2.30 lakh crore in September last year.
Mon, Dec 02, 2024November 29, 2024 00:02 IST
This means if an insured patient made a claim of Rs one lakh as hospital bill, the insurer paid only less than Rs 80,000 while the balance amount was paid by the patient.
Fri, Nov 29, 2024November 27, 2024 22:52 IST
The market might see fresh allocation in January after December year-end and vacation,” said an analyst.
Thu, Nov 28, 2024November 23, 2024 21:12 IST
However, domestic institutional investors invested Rs 37,559 crore in November so far and Rs 107,254 crore in October this year.
Wed, Nov 27, 2024November 22, 2024 20:26 IST
Banks and financial institutions are likely to take a wait-and-watch approach regarding the Adani group and any fresh funds would likely be at higher interest rates due to the increased risks.
Sat, Nov 23, 2024November 22, 2024 17:11 IST
The investor wealth of $82.91 billon wiped out in Adani companies since Hindenburg report
Sat, Nov 23, 2024November 21, 2024 16:30 IST
The fresh allegations filed in the US District court, Brooklyn, are far more serious as there are documents involving conversations and other material records that show money raised from US investors was allegedly used to bribe government officials in India.
Fri, Nov 22, 2024