Personal Finance / The Hindu Businessline
BALIC is the first insurer to go live with the aforementioned facility, per the companys statement
Banks must provide individual borrowers the option to foreclose or prepay all floating rate loans, extended for purposes other than business, without any penalty, an RBI note said
Says FIT framework has worked well in targeting inflation
The liquidity deficit in the banking system can be gauged from the fact that as on February 20 is estimated at about Rs 1.90 lakh crore.
RBI must work towards maintaining inflation close to 4% in a sustained manner, and not dilute this goal
This will be the second swap auction by the central bank in a month, after it infused $5.1 billion through a six-month swap on January 31
The temptation of short-term gains can easily overshadow long-term financial security of individuals, Rao said at the IIMK- NSE conference on Macroeconomics, Banking and Finance in Mumbai
RBI Deputy Governor M Rajeshwar Rao emphasises that financial entities have a duty to ensure that customers fully understand the risks associated with leveraged products and speculative investing
Todiwala succeeds Vyomesh Kapasi, who will now take over as the head of product-consumer bank vertical, at KMB.
PBPartners has 300,000 advisors, boosting productivity and meeting demand for affordable insurance, especially in Tier 2 and 3 markets
Sanctions by banks, FIs drop 29% to 1.94-lakh crore in first 9 months of FY25
FSIB interfaced with 8 candidates on Thursday for two positions of MDs in LIC
Banks bid 1.87 lakh crore in G-secs, Significantly surpassing RBIs OMO limit
The RBI on February 14 superseded NICBs Board of Directors for a year
The NBFC has permission to raise $1.25 billion via ECBs
The penalty should be remitted by the broker within forty-five days of receiving the order, IRDAI said
Banks see a 44% surge in CD issuances, while India Incs CP and corporate bonds also rise significantly
Over 4 lakh CAs have strong understanding of ground realties besides Indian customs and conventions, said new Prez Nanda; ICAI Sets up Work-Life Balance Committee
AGS Transact Technologies said last week in a filing to exchanges that the company and its subsidiary had defaulted on payments of 5.76 crore to lenders
The public sector bank, in a regulatory filing, said it has already made provisions amounting to 270.57 crore, as per prescribed prudential norms
Designed as a non-par, non-linked savings and immediate annuity plan, it allows entry from 18 to 100 years, depending on the chosen annuity option.
Competition watchdog green lights significant consolidation within Svatantra Group
Bima - ASBA facility allows users to block funds in their bank accounts for specific transactions, ensuring availability of funds while deferring actual payments
RBI assurance provides some solace to those with deposits up to 5 lakh
KBL Stri and KBL One Family Banking Programme were launched to mark the event
$LIBRA plummeted 95 per cent within hours, with insiders reportedly taking out $107 million
Referring to the recent collapse of the fraud-hit New India Cooperative Bank (NICB), Marathe alleged that the root cause of its collapse is dynastic control, debased work culture and complete absence of checks and balances
Strategic investment aims to bolster growth and innovation in Indias life insurance sector
Singh will take over from Zarin Daruwala, who will retire on March 31
Major banks begin to pass on RBIs 25 bps repo rate cut to customers
Nagaraju says increasing the deposit insurance limit is under consideration of the government
Under RBIs directions, NICB cannot, without prior approval of RBI in writing, grant or renew any loans and advances, make any investment or incur any liability
RDCL can help HFCs in facing challenges related to ALM mismatch, limited access to long-term funds
SEWA is aimed to help customers identify any glitches in a banks IT system
The IFSC Banking Unit (IBU) will provide access to international financial markets.
The tax demand is significant for Aviva's India business, which recorded a profit after tax of only $10 million in the 2023-24 financial year