May 03, 2020 00:13 IST
The meeting reviewed the current economic situation and credit flows to different sectors of the economy, including liquidity to NBFCs, micro finance institutions, housing finance companies and mutual funds, the RBI said.
Sun, May 03, 2020April 27, 2020 04:39 IST
SEBI had written to RBI in March itself impressing upon it the need to provide a liquidity window for mutual funds.
Mon, Apr 27, 2020April 27, 2020 01:53 IST
The overall premium income (new business) of 24 players in the segment fell to Rs 25,409 crore this March from Rs 37,459 crore a year ago, as per data released by the Life Insurance Council.
Mon, Apr 27, 2020April 26, 2020 06:04 IST
The share of money held in the form of currency, both by the public and as cash with banks, has hit the highest level since 2007-08.
Sun, Apr 26, 2020April 26, 2020 04:42 IST
Subscribed 100% in Rs 7,697 cr worth issues, over 50% in Rs 15,358 cr issues
Sun, Apr 26, 2020April 25, 2020 00:53 IST
According to fund managers, after Franklin Templeton’s unilateral decision to wind up its six schemes, debt MF investors reacted negatively adding to the redemption pressure since morning.
Sat, Apr 25, 2020April 24, 2020 12:34 IST
Franklin Templeton India Fund Closure News: As there has been severe market dislocation and illiquidity caused by the Covid-19 pandemic, the fund house said it took the decision in order to protect value for investors via a managed sale of the portfolio.
Sat, Apr 25, 2020April 24, 2020 03:04 IST
Of the Rs 25,000 crore put by the central bank on the TLTRO window on Thursday, banks took only Rs 12,850 crore (for three-year tenor), while there were no takers for the remaining amount. The RBI offers TLTRO funds at the repo rate of 4.40 per cent.
Fri, Apr 24, 2020April 22, 2020 01:42 IST
The premium mode proposed to be added may be monthly, quarterly or half yearly and the resulting premium amounts under each frequency are consistent with premium amounts under other premium modes of the underlying product, it said in a circular.
Wed, Apr 22, 2020April 20, 2020 00:00 IST
As per insurance sector experts, demand for health insurance is expected to rise as the pandemic has spread across the country and insurance regulator Irdai has included more illnesses under the health cover.
Mon, Apr 20, 2020April 18, 2020 04:12 IST
Stating that COVID-19 has “severely impacted” small and mid-sized corporates, including NBFCs and micro-finance institutions, the RBI slashed reverse repo rate — the rate at which the RBI borrows funds from banks.
Sat, Apr 18, 2020April 17, 2020 12:59 IST
More liquidity sops for NBFCs, NPA norms relaxed, reverse repo rate slashed
Fri, Apr 17, 2020April 16, 2020 02:08 IST
Coronavirus (COVID-19): Insurance experts said the viability of such a pool can be studied and implemented if found suitable. “There are viability issues. But it’s worth exploring,” said former IRDAI Member KK Srinivasan.
Thu, Apr 16, 2020April 14, 2020 02:59 IST
Coronavirus (COVID-19): The extended lockdown across the manufacturing and services sectors, the resultant job losses along with the wave of salary cuts are projected to start impacting the repayment capacity of retail borrowers.
Tue, Apr 14, 2020April 13, 2020 04:50 IST
Data from the Reserve Bank of India shows that the average monthly increase in currency with public stood at Rs 23,895 crore. During 2019-20, the currency with public increased 14 per cent or Rs Rs 2,86,741 crore to Rs 23,41,851 crore.
Mon, Apr 13, 2020April 11, 2020 00:27 IST
Total bank loan outstandings to NBFC sector were `7,37,198 crore as of January 31.
Sat, Apr 11, 2020April 09, 2020 01:05 IST
The decision is likely to benefit several corporates, especially finance companies which had taken term loans from insurers.
Thu, Apr 09, 2020April 09, 2020 00:10 IST
India liquidated its forex assets to stabilise the rupee which recently fell below the 76 level against the dollar. India’s foreign currency assets had declined by around $7.50 billion in two weeks to $ 439.66 billion as on March 27.
Thu, Apr 09, 2020April 07, 2020 03:31 IST
A. Balasubramanian, MD & CEO, Aditya Birla Sun Life AMC, who manages assets worth Rs 247,520 crore spoke to The Indian Express on the stock market fall, losses by investors and redemption pressures.
Tue, Apr 07, 2020April 03, 2020 02:35 IST
We’re now living in difficult times. There are physical challenges in terms of people transacting in their accounts, coming to the branches and the lockdown.
Fri, Apr 03, 2020March 30, 2020 01:54 IST
The Reserve Bank of India (RBI) has allowed moratorium on repayment for three months, but it has not waived the interest charge for the three months.
Mon, Mar 30, 2020March 28, 2020 04:34 IST
There are fears that widespread job losses and destruction of demand because of the lockdown and the pandemic’s effect on the economy, will set off unprecedented economic distress across all sectors and levels.
Sat, Mar 28, 2020March 28, 2020 01:04 IST
The RBI took the decision despite the recommendation by a task force set up by it against allowing banks in the NDF market.
Sat, Mar 28, 2020March 22, 2020 05:16 IST
Foreign portfolio investors (FPIs) have pulled out close to Rs 1,00,000 crore (US $13 billion) from India in March, as the coronavirus pandemic and the carnage in the financial markets have forced FPIs to derisk from emerging market assets across the world. This is the largest monthly outflow in the history of the Indian markets, […]
Sun, Mar 22, 2020March 20, 2020 00:07 IST
Unimoni Financial Service, Shetty’s Indian operations, said it’s “not privy to the remittances business of UAE Exchange Centre and operates as an independent legal entity”.
Fri, Mar 20, 2020