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Covid-related health cover claims up 50%

Total registered claims now at ₹14,287 crore

Mutual funds’ exposure to bank certificates of deposits declines 67%

Fall in interest rate has made them unattractive: Experts

RBI central board reviews economic situation

The Central Board of Directors of the Reserve Bank of India (RBI), on Friday, reviewed the current economic situation, global and domestic challenges, ...

‘Restless urgency in the air to resume high growth’

There is a restless urgency in the air in India to resume high growth, with signs that the capital expenditure (capex) cycle is uncoiling and turning ...

Cryptos continue to see investor-interest

Trading volumes rise on surge in Bitcoin prices

Households switch from ‘essentials only’ to discretionary spending pattern: RBI study

Preliminary estimates for Q2 (July-September) FY21 indicate that household financial savings regressed closer to the pre-pandemic levels to 10.4 per ...

Muthoot FinCorp rolls out Aatmanirbhar Mahila Gold Loan scheme for women

Launched by actor Vidya Balan, the product offers maximum Loan to Gold value and lowest interest rate

IndiaLends raises $5.1 mn from existing investors ACP Partners, DSG Consumer Partners

Funds to be used to expand tech platform, widen market footprint, amplify product offerings to meet pent-up demand in the post-Covid economic recovery

India banning Bitcoin would be a terrible idea

The consequences for India’s economy could be more dire

Govt may cancel FY21’s last weekly G-Sec auction

Higher direct tax collections and cash balances with RBI the reason

LIC policyholders can deposit maturity claim documents at nearest office

Life Insurance Corporation of India has allowed its policyholders to deposit their maturity claim documents at their nearest LIC office anywhere in ...

Rajya Sabha passes Insurance Bill

Opposition protests Centre’s decision to not send the Bill to Parliamentary panel

‘Hospitalisation costs due to adverse reaction to Covid vaccination will be covered’

Adverse reaction to the Covid-19 vaccination that leads to hospitalisation will be covered under health insurance policies, according to insurance ...

Trifecta Capital sees top-level exits

Employees allege their dues are withheld

SBI widens scope of its compassionate appointment scheme

The revised scheme will also cover the death due to Covid-19 with retrospective effect from March 24, 2020

Rupee up 2 paise at 72.53 vs dollar

The rupee erased some of its initial gains to end 2 paise higher at 72.53 against the US dollar on Thursday, tracking subdued equity market sentiment ...

Indian national sentenced to three years in US federal prison for call centre fraud

Sahil Narang, 29, in the US illegally at the time of his arrest in May 2019, is a key participant in the Tech Fraud and Refund Fraud schemes that targeted technologically unsophisticated computer users, usually senior citizens

Gautam Guha elected as PNB’s second shareholder director

Delhi-based Gautam Guha has been elected as the second shareholder director of Punjab National Bank, the country’s second largest public sector ...

Health cover: IRDAI gives more flexibility to insurers

The insurance regulator has modified the existing guidelines on product filing in health insurance business. As per the file and use guidelines of the ...

Significant increase in requests for restructuring: FICCI-IBA Survey

Nearly 68 per cent of respondent bankers expect non-performing asset (NPA) levels to be above 10 per cent in first half of 2021, as per the 12th round ...

ICRA upgrades long-term debt rating of Muthoot Finance to AA+

ICRA has upgraded its ratings on the long-term debt facilities of Muthoot Finance Limited to ‘[ICRA] AA+(Stable)’ from ‘[ICRA]AA(Stable)’. The rating ...

HDFC Ergo crosses ₹10,900 cr in gross premium income

HDFC Ergo General Insurance Company has crossed ₹10,900 crore in gross premium income on year to date basis in February 2021, covering more than 1.5 ...

Chirag Gandhi is new MD Senior Advisor, Team Head, at Julius Baer India

Five senior relationship managers too, inducted to the India franchise

ICICI Pru MF launches new fund of funds

ICICI Prudential Mutual Fund is launching a new exchange-traded fund targeted at the 30 least volatile stocks from the Nifty 100 index.The new fund ...

PhonePe sees boom PhonePe captures over 42% of overall UPI P2M market share

Attributes it to driving merchant acceptance in Tier-4,5,6 towns

RBI imposes ₹2 crore penalty on SBI

The central bank referred to contravention of section 10 (1) (b) (ii) of the BR Act whereby no banking company shall employ any person whose remuneration takes the form of commission

Magma HDI General Insurance approves capital raise of up to ₹250 crore via preferential issue

The company’s shareholding will reduce from 29.3% to 24.2%

SBI, IOCL ink first SOFR-linked deal in ECB market

State Bank of India (SBI), on Tuesday, said it has been awarded the mandate for the first Secured Overnight Financing Rate (SOFR)-linked $100 million ...

SBI awarded mandate for first SOFR-linked ECB deal by IOC

State Bank of India (SBI), on Tuesday, said it has been awarded the mandate for the first Secured Overnight Financing Rate (SOFR)-linked $100 million ...