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Hiring of insurance agents to go up as IRDAI moves to relax norms

G Naga Sridhar

There will be more agent jobs in the insurance sector from April 1, thanks to the Insur... »

RBI gives a fillip to affordable housing

Our Bureau

A sustained decline in home loans in the under ₹10-lakh category may have prompted the central bank to liberalise norms »

The Re has trumped its peers so far in 2015

Lokeshwarri SK

Boosted by falling crude prices, positive real interest rates »

Budget promises better days for banking sector: SBT chief

Thomas John Muthoot, CMD, Muthoot Fincorp

Vinson Kurian

More say for government in public-private partnership augurs well for economy »

Officers’ body against hiring MDs, CEOs from private banks

Our Bureau

The All-India Bank Officers’ Confederation (AIBOC) has opposed the recruitment of Managin... »

Banking

MUDRA Bank can be positive for microfinance sector: ICRA

PTI

With non-banking finance companies — microfinance institutions (NBFC-MFIs) likely to have overal... »

Banking

Nomura sees average policy rate to be around 7.4% over next 3 years

PTI

With the second surprise 25 bps repo rate cut by the Reserve Bank on March 4, the policy rates h... »

Banking

Deposit growth continues to outpace bank credit

PTI

Bank credit growth continued to trail deposit mop-up and remained muted with a mere 10.39 per ce... »

Banking

February's reserves are the first full month to show changes in the Swiss National Bank's currency holdings. File Photo

Swiss National Bank's forex reserves hit record high in February

Reuters

Switzerland's foreign exchange reserves hit a new high in February, but analysts were divided on... »

International

The chance to be an AIIB founding member is available for all Asian countries till March 31, Chinese Finance Minister Lou Jiwei told today.

China invites Japan to join Asian Infrastructure Investment Bank

PTI

China has invited Japan to join the Asian Infrastructure Investment Bank (AIIB), a brainchild of... »

International

Britain seeking quick sale of RBS bank: Report

PTI

Britain is looking to sell the Royal Bank of Scotland as quickly as possible, Chancellor George... »

Muthoot Finance bags award

Our Bureau

Muthoot Finance has bagged MoneyGram’s ‘Best Sub-Agent in South Asian Region’ for the third consecutive year. The award was presented to George Alexander Muthoot, Managing Direct... »

Britain seeking quick sale of RBS bank: Report

PTI

Britain is looking to sell the Royal Bank of Scotland as quickly as possible, Chancellor George Osborne has told the Financial Times. Osborne told the newspaper yesterday he hoped... »

Nomura sees average policy rate to be around 7.4% over next 3 years

PTI

With the second surprise 25 bps repo rate cut by the Reserve Bank on March 4, the policy rates have reached neutral and the average policy rate over the next three years should be around 7.4 per c... »

China invites Japan to join Asian Infrastructure Investment Bank

The chance to be an AIIB founding member is available for all Asian countries till March 31, Chinese Finance Minister Lou Jiwei told today.

PTI

China has invited Japan to join the Asian Infrastructure Investment Bank (AIIB), a brainchild of the Communist nation for which 27 countries including India have signed up to be its founding membe... »

Tough talk: pass on rate-cut benefits, Centre tells public sector banks

Jayant Sinha

Our Bureau

Will act if banks team up to short-change customers, says Jayant Sinha »

Funding costs of NBFC-MFIs likely to come down: Icra

Our Bureau

The cost of funds of NBFC-MFIs (Non-Banking Finance Company-Micro Finance Institutions) could come down by 100-400 basis points depending on the share of funding they are able to receive from the... »

Survey: Majority of women not covered by health insurance

Our Bureau

A majority of women are not covered by health insurance reveals a survey conducted by ICICI Lombard General Insurance.  According to the survey only 39 per cent were covered by healt... »

TCS launches improved solution for automation in underwriting

PTI

Software exporter TCS has introduced a new platform which will increase the level of automation in underwriting for insurance business. “The solution automates the ability to capture, ana... »

Why the RBI volte-face, and why now?

RBI Governor Raghuram Rajan

NS Vageesh

Rajan may have wanted to moderate foreign investment flows, appease corporates »

RBI sends pro-growth signals, say infra firms

Our Bureau

Infrastructure players hailed the reduction in repo rate and said the stage appears set for a lower interest rate regime. Praveen Sood, Group CFO, Hindustan Construction Company, said a d... »

Ignored in Budget, automobile firms get the much-needed relief

Banks may report treasury gains in January-March quarter

Monetary policy framework pact is one-sided, say economists

Axis Bank’s retail asset portfolio in Odisha rises to Rs 6,000 cr

BOB donates ₹5.31 cr to PM’s National Relief Fund

Tata AIA Life launches special drive for lapsed policies

StanChart profit plunges 25%; rules out share sale

Rate cut aimed at revving up production, credit offtake, says IMC

Deposit growth continues to outpace bank credit

PTI

Bank credit growth continued to trail deposit mop-up and remained muted with a mere 10.39 per cent rise at Rs 64,53,394 crore in the fortnight to February 20, up from Rs 58,45,833 crore a year ago... »

Swiss National Bank's forex reserves hit record high in February

February's reserves are the first full month to show changes in the Swiss National Bank's currency holdings. File Photo

Reuters

Switzerland's foreign exchange reserves hit a new high in February, but analysts were divided on whether this was due to currency fluctuations or whether the central bank was intervening in the ma... »

MUDRA Bank can be positive for microfinance sector: ICRA

PTI

With non-banking finance companies — microfinance institutions (NBFC-MFIs) likely to have overall debt of Rs 36,000 crore to Rs 42,000 crore by March 2016, re-finance from MUDRA Bank could constit... »

RBI eases lending norms for affordable housing

Our Bureau

In a bid to complement the Centre’s thrust on affordable housing, the Reserve Bank of India relaxed the norms for giving loans for houses that costs under ₹10 lakh. It has been decided... »

National Insurance gets new CMD

Our Bureau

PJ Joseph has taken over as the Chairman and Managing Director of Kolkata-headquartered National Insurance Company. Simultaneously, he will hold responsibility as the CMD of Agricultural Insurance... »

Exim Bank plans to raise Rs 13,000 cr in FY16

Growing business David Rasquinha, Deputy MD, Exim Bank, speaking at a
press conference in Chennai on Thursday. BIJOY GHOSH

Our Bureau

The Export and Import Bank of India will raise foreign currency debt worth ₹13,000 crore in 2015-16 to fund its proposed projects, said David Rasquinha, Deputy Managing Director of the bank. ... »

JP Morgan names Anu Aiyengar as regional M&A co-head

PTI

Financial giant J P Morgan Chase has promoted India-born executive Anu Aiyengar as co-head of mergers and acquisitions for North America, making her one of the most senior women running a mergers... »

Axis Bank raises $250 mn via overseas bonds

Beena Parmar

The country's third largest private lender Axis Bank had on Wednesday announced that it has raised $250 million in Dubai via a bond issue from its existing tap of 3.250 per cent Senior Unsecured N... »

Finance Ministry expects EMIs to come down

Minister of State for Finance Jayant Sinha

Our Bureau

With two ‘surprise’ rate cuts in less than 60 days, the Finance Ministry expects equated monthly instalments (EMI) on loans, such as for housing and automobiles, to come down. The Ministry has als... »

Real-estate firms want banks to pass on the rate cut

Our Bureau

The real estate sector, which has been seeing inventory pile-up, negative investor sentiment and continuous raw material price rise, cheered RBI’s repo rate cut, saying consumers could benefit if... »

Banks likely to cut lending rates

Rate cut will help spur growth, say bankers

IDBI Bank to raise Rs 20,000 cr from bond issuance

Insurance Bill passed by Lok Sabha

Banks, FIs to face action under new black money law: Shaktikanta Das

Alco to decide on rate cut: Karnataka Bank chief

KVB to assess and take a call on rate cut

Audio
Rajalakshmi Nirmal and Radhika Merwin of the BL Research Bureau discuss the role of asset reconstruction companies (ARCs) in the banking sector and how they deal with bad loans.

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