Economic Times
Abu Dhabi Investment Authority (ADIA), the largest sovereign wealth fund in the UAE, plans to set up a $4-5 billion fund in India through GIFT City in
1707298628 Companies - 3 months ago
The Committee, to make insurance more affordable, recommended that GST rates applicable to health insurance products, particularly retail policies for
1707280341 Companies - 3 months ago
NARCL is set to acquire loans of Simplex Infra following an uncontested Swiss auction. The state-backed bad bank has made a binding offer of ?640 cror
1707244982 Companies - 3 months ago
"No other bank has such a complete range of products addressed to the SME segment as HDFC Bank," said Vidya Pradeep, executive vice-president, credit
1707244248 Companies - 3 months ago
Earlier, the IRDAI prescribed lock-ins based on the age of the insurer, with waivers granted only in extraneous situations. In certain cases, the regu
1707242838 Companies - 3 months ago
It will acquire the remaining 49 per cent over a period of two years, subject to completion of certain conditions, according to a regulatory filing.
1707239896 Companies - 3 months ago
Max Financial Services has received approval from the Insurance Regulatory and Development Authority of India (IRDAI) for a capital infusion of Rs 1,6
1707236265 Companies - 3 months ago
Reports of UPI outage have poured in from various places as users struggle with digital payments. Major platforms like Google Pay, PhonePe, and BHIM h
1707231674 Companies - 3 months ago
India's MakeMyTrip and PolicyBazaar have expressed concerns to the central bank about the impact of its crackdown on Paytm, a digital payments firm. T
1707231391 Companies - 3 months ago
On liquidation, every depositor would be entitled to receive a deposit insurance claim amount of his/her deposits up to a monetary ceiling of Rs 5 lak
1707230750 Companies - 3 months ago
The volume of low value home loans, with value less than Rs. 35 lakhs, are 76% of the originations have dropped by 4%, impacting the overall home loan
1707227545 Companies - 3 months ago
"Paytm has been a partner over the years for our acceptance business, for our aggregator business. Under the current circumstances, we don't know too
1707225294 Companies - 3 months ago
PFC’s failure to adhere to the LCR requirement was a result of inclusion of ineligible assets as High-Quality Liquid Assets (HQLA), the RBI said. Th
1707222704 Companies - 3 months ago
Tata AIA Life Insurance Co announced the appointment of Venkatachalam H as the new CEO & MD, pending regulatory approval from IRDAI. He will succeed N
1707221066 Companies - 3 months ago
Sundaram Finance Ltd maintains its strategy of 'steady and sustainable growth' with strong financial performance, reporting a profit after tax of Rs 3
1707216175 Companies - 3 months ago
The committee, in its recommendations, observed that the high rate of GST results in a high premium burden, which acts as a deterrent to getting insur
1707212817 Companies - 3 months ago
Paytm, in an official release, stated that the news item suggesting such an acquisition is speculative, baseless, and factually incorrect. The clarifi
1707190651 Companies - 3 months ago
The RBI’s unhappiness isn’t new. It stopped Paytm Payments Bank from onboarding fresh customers nearly two years ago. Last year, while imposing a
1707189871 Companies - 3 months ago
RBI has granted approval to HDFC Bank for acquiring up to 9.5% stake in Yes Bank. The approval is subject to compliance with relevant regulations. Sep
1707189627 Companies - 3 months ago
The Reserve Bank of India (RBI) on Monday approved HDFC Bank's proposal to acquire nearly 9.5 per cent stake in IndusInd Bank, the company said in an
1707182305 Companies - 3 months ago