Economic Times
The move comes after Bharti Group in October 2023 announced plans to buy out its joint venture partner AXA Group's 49% stake in the life insurance bus
Atul Mehra, the joint managing director at JM Financial Services, has resigned from his position after a 33-year tenure. He is set to join Axis Capita
Over the past one week, some companies acting as agents and marketing intermediaries of insurance companies have received notices under the Benami Tra
At Axis Capital, Mehra will be responsible for overseeing equity capital markets, business operations, mergers and acquisitions, securities markets, r
While talks with ICICI Bank, HDFC Bank, and Axis Bank are ongoing, the finalisation is pending. Among NBFCs, Tata Capital and Aditya Birla Finance are
The government-backed bad loan aggregator, National Asset Reconstruction Co (NARCL), has made a ₹270 crore offer for Pink City Expressway Private Li
IDFC First Bank plans to double its branch network in five years, while reducing bad loans. The bank aims to expand assets by 20% annually and deposit
IDBI Bank has reported a 57% increase in net profit to Rs 1,458 crore for the third quarter, with net interest income rising 17% to Rs 3,435 crore. Th
Kotak Mahindra Bank reported 8% YoY growth in net profit to Rs 3,005 crore for Q3 2023, due to provisioning towards alternative investment funds and l
Can Fin Homes, a mortgage lender promoted by Canara Bank, reported a 32% increase in net profit to Rs 200 crore for the quarter ending December 2023.
Policy researchers suggest using debt-to-income (DTI) limits and loan-to-value (LTV) ratios as effective macroprudential tools for retail loans. A stu
PhonePe has contributed to over 65% growth in two-wheeler digital insurance in India. It has facilitated over 75 million vehicle insurance quotes and
India's insurers have faced unique challenges in reviewing motor accident claims, including damage caused by stray dogs, falling coconuts, and elephan
HDFC Bank, India's largest private sector lender, is seeking approval for a banking license in Singapore. The bank aims to tap into the Indian diaspor
Apart from the deceleration in government spending, higher direct tax collections and a likely sharp rise in issuances of Treasury Bills by the Centre
Credit cards can be used to pay bills and for shopping both online and offline provided the total payment is within the credit limit provided by the i
HSBC had got its books and records audited for the period March 2007 to 2012. The auditor pointed out that HSBC had not paid service tax on the interc
Praveen A Kutty has been part of the DCB Bank leadership team for the past 16 years. He, alongside the current MD and CEO and management team, played
The government has exempted Indian Bank from the requirement to hold shares exceeding 30% in ASREC (India) Limited, an asset reconstruction company. T
The partnership is focused on providing loans to the Indian MSME sector which is one of the biggest contributors to India's GDP and employment growth.
