August 25, 2018 04:13 IST
While Maharashtra has interest payments as a slight concern, it retains its position as the state that attracts the highest FDI and private investment.
Sat, Aug 25, 2018August 23, 2018 00:19 IST
As much as 94.68 per cent of the total education loan outstandings are accounted by public sector banks which are now looking at selling delinquent loans to asset restructuring companies (ARCs).
Thu, Aug 23, 2018August 21, 2018 03:12 IST
Kerala Floods: Financial services firms Jefferies said the floods will lead to recovery delays and losses for banks, especially in agriculture loans, home loans and credit micro, small and medium enterprises.
Wed, Aug 22, 2018August 21, 2018 01:23 IST
The Centre has decided to fix the MSPs of at least 150 per cent of the cost of production for all kharif crops for the sowing season of 2018-19.
Tue, Aug 21, 2018August 16, 2018 00:09 IST
Prime Minister Narendra Modi unveiled the scheme on Wednesday which would be offering Rs 5 lakh health cover to the poor and vulnerable families in the country for free.
Thu, Aug 16, 2018August 15, 2018 02:43 IST
A loan is classified as a non-performing asset or a bad loan if the interest and/ or installment of the principal amount remains overdue for over 90 days.
Wed, Aug 15, 2018August 13, 2018 00:05 IST
In an interview with The Indian Express, Leo Puri, who earlier made his mark in McKinsey and Warburg Pincus, spoke about the issues before the UTI group which manages assets worth over Rs 3.74 lakh crore.
Mon, Aug 13, 2018August 11, 2018 02:25 IST
The board of UTI Trustee Company had asked the board of AMC to prepare a road map on aligning the equity stake of sponsors as required by the Sebi and related issues like the IPO, the official source said.
Sat, Aug 11, 2018August 09, 2018 00:28 IST
Calls to regulate global proxy advisory firms mounted after 2 US-based firms recommended a vote against re-election of 3 Indian stalwarts to HDFC Board. What are these firms, why is their working contentious?
Thu, Aug 09, 2018August 06, 2018 00:27 IST
The delay comes at a time when the proposal to merge three insurers (NIA, UII and Oriental Insurance) is in a limbo and with PSU insurers — except New India Assurance — starting to lose market share.
Mon, Aug 06, 2018July 31, 2018 02:04 IST
The RBI has included several top business groups in the ongoing asset quality review which, based on the replies of the banks, could lead to bankruptcy proceedings in many cases.
Tue, Jul 31, 2018July 28, 2018 03:10 IST
Indian insurance companies have stopped providing insurance cover to goods — mainly crude oil — imported from Iran.
Sat, Jul 28, 2018July 22, 2018 01:21 IST
January 31, 2019 has been fixed as the deadline for settlement of claims from Kharif in 2017, said the official who was participating in a seminar on ‘Sustainable agriculture insurance’ organised by GIC Re.
Sun, Jul 22, 2018July 18, 2018 02:12 IST
LIC which held 10.82 per cent stake in IDBI Bank had sold part of the stake in the last three months. Insurers stake in the bank is 8.29 per cent.
Wed, Jul 18, 2018July 14, 2018 04:14 IST
In terms of region-wise FDI inflows, on the cumulative basis, Maharashtra (including Dadra & Nagar Haveli and Daman & Diu) received highest FDI inflows amounting to $ 115.7 billion, which is close to 31 per cent of the total FDI equity inflows since FY01.
Sat, Jul 14, 2018July 13, 2018 01:20 IST
A major chunk of the NPAs are accounted by Life Insurance Corporation (LIC), the largest insurer in the country.
Fri, Jul 13, 2018July 07, 2018 02:42 IST
The 2017-18 fiscal had witnessed huge inflow into the mutual fund sector as the bull run on the stock market prompted investors to look at mutual fund as an investment avenue.
Sat, Jul 07, 2018July 02, 2018 04:56 IST
On Friday, the Insurance Regulatory and Development Authority of India (IRDAI) allowed LIC to buy up to 51 per cent stake in IDBI Bank.
Mon, Jul 02, 2018July 01, 2018 01:57 IST
On the loan to Winsome Diamond, Raman's email said that “we have less than 8 per cent in the consortium, in which the leader has more than 40 per cent, besides six other banks".
Sun, Jul 01, 2018June 30, 2018 06:07 IST
IRDAI board meets in Hyderabad: The Life Insurance Corporation of India (LIC) is set to gain control over the state-owned IDBI Bank with the IRDAI approving its plan to buy up to 51 per cent stake in the debt-laden bank.
Sat, Jun 30, 2018June 30, 2018 01:44 IST
Senior bankers said the Canara Bank case is similar to the Bank of Maharashtra (BoM) episode where the latter was only one of the lenders which approved the loan when the company was doing well.
Sat, Jun 30, 2018June 29, 2018 04:45 IST
The rupee, which is now one of the worst performing currencies, has lost close to eight per cent this year. Analysts said persistent weakness in the Chinese yuan also dragged down emerging market currencies, including the Indian rupee, amid escalating trade tensions.
Fri, Jun 29, 2018June 29, 2018 00:33 IST
The share of PSU banks in the inter-bank market declined to 58 per cent as compared to a share of 65 per cent in total bank assets.
Fri, Jun 29, 2018June 28, 2018 12:26 IST
According to analysts, capital outflows of around Rs 19,500 crore from the equity market and over Rs 40,000 crore from the debt market since April this year have put severe pressure on the rupee.
Thu, Jun 28, 2018June 25, 2018 03:55 IST
The PM will host a roundtable conference of industrialists and CEOs at Raj Bhavan when he visits the commercial capital on June 26 to attend the third annual meeting of AIIB, sources said.
Mon, Jun 25, 2018