FDI limit in insurance companies may rise to 74%
The govt may raise the FDI limit in insurance to 74% in the February budget, up from the present 49%.
Shilpy Sinha
Duggal may be chairman of Shriram Group Companies, again
Shriram Capital is the holding company for the financial services and insurance entities of the Shriram Group.
Lenders to refer more cases to NCLT
Banks must come up with a plan by January 7. It they fail, it would be the beginning of a difficult chapter.
Government measures fail to stem slide in NBFC credit
Liquidity remains a worry for the NBFC sector; loan sanctions fall 34% in September quarter.
Apollo Cap, Cerberus too eye DHFL stake
The DHFL promoters have approached the RBI to repay depositors in full.
New group insurance norms set to promote fair practices
The Insurance Regulatory and Development Authority has said that group insurance schemes should show collection of premium, issue of certificate of insurance and reimbursement of expenses. Also, interest rates declared under group savings products should be in such a way that there is no discrimination among identical policyholders on fund size.
‘Small-ticket’ model helps Bajaj Finance make it big
Bajaj Finance is known in the nonbank lending industry for its customer-profiling algorithms.
ICICI Pru Life wants to keep asset and liability side pristine: NS Kannan
There is a huge protection gap. It is only 2% and it has been operating only in savings.
Will DHFL depositors get their money back?
The deposit holders with overall exposure of Rs 6,000 crore are at risk of losing their savings.
Banks struggle to resolve stressed accounts, face Rs 30,000 crore provisioning in Q4
The central bank’s June 7 circular requires banks to put in place ICAs within a month of the review period.
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