18% GST on insurance premium is atrocious: Former IRDAI member Nilesh Sathe
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Says insurance becomes a necessity in the absence of any social security for citizens, nowhere else in the world one has to pay such heavy tax on premium
Rupee gains 43 paise to close at 74.03 against US dollar
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The rupee gained 43 paise to close at 74.03 (provisional) against the US dollar on Monday as positive domestic equities and a dovish outlook of US Federal Reserve supported the local unit
What's behind Indians' credit card spending surge in recent months?
newsdepo.com
India's credit card spending is back with a bang. What is driving the surge? Does this indicate a quick economic recovery? What are the lessons we can draw from this trend? Let us take a look
What are BPLR and MCLR, and how do they impact your home loan rates?
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If you are planning to take a home loan from a bank, BPLR and MCLR are some of the terms you would come across. What are BPLR and MCLR and how do they impact home loan rates? Let's take a look
RBI report says stressed asset sales should take place earlier
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All lenders including banks must make a list of non-performing assets which they intend to sell to eligible entities including ARCs at the start of each year: Report
RBI to use cutting-edge tech to boost supervisory efficacy: Dy Governor
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The apex bank is now much more engaged with management of firms and discussions are getting intense, says M K Jain in keynote address at Business Standard BFSI Insight Summit
Banks lend Rs 63,574 crore to 1.38 mn borrowers via outreach programme
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Both public and private banks have extended credit through 10,580 camps under the programme. Loans are over and above those under various central government loan guarantee schemes
New rules enough to protect genuine business decisions of bankers?
newsdepo.com
The govt has issued a uniform staff accountability framework for NPAs of up to Rs 50 cr to protect bankers taking bonafide decisions. But is that enough to assuage concerns?
Insurance claim to be rejected if lapsed on premium not paid: SC
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An insurance claim can be rejected if the policy has lapsed on account of non-payment of premium, said the Supreme Court which stressed that the terms of an insurance policy have to be strictly interpreted.
The apex court observation came while setting asid
What does Shaktikanta Das' reappointment mean for markets?
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A three-year extension for Shaktikanta Das as RBI Governor signals the govt's endorsement of his policies. Now, what does his extension mean for the markets? This report examines
PMC Bank customers not to get Rs 5 lakh deposit cover in first lot
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Customers of stressed Punjab & Maharashtra Co-Operative Bank (PMC Bank) will not get up to Rs 5 lakh insurance cover in the first lot as the multi-state co-operative bank is under the resolution process.
Deposit Insurance and Credit Guarantee Corporation (DI
Fino Payments Bank raises Rs 539 cr from anchor investors ahead of IPO
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Fino Payments Bank on Thursday said it has garnered Rs 539 crore from anchor investors ahead of its initial share sale that opens for public subscription on Friday
