Change In Customer Preferences Will Boost Innovation In Insurance Sector
The change in consumer preferences is likely to drive product innovation in the general insurance industry in India. Acc... Read more
PM Jan Dhan Yojana Accounts See Record 24% Rise In Average Balance
But the upper cap on balance at ₹50,000 is a constraint for users Read more
India Surpasses Italy For Worlds Worst Soured Loan Ratio
India holds the dubious distinction of having the worst non-performing loan ratio among the world’s major economies, h... Read more
Fintech ZestMoney Eyes 8,000 E-comm Merchants By Year-end
KR SrivatsZestMoney, a digital consumer-lending fintech, wants to emerge as the ‘go-to’ platform for EMIs in the cou... Read more
Sharp Rise In Concentration Risks For Debt Funds On IL&FS, DHFL Crisis
Several funds, with relatively lower corpus, have been witnessing a steep increase in DHFL bond holdings Read more
Andhra Bank Loss Widens To ₹579 Cr
Andhra Bank posted a net loss of ₹579 crore in the third quarter ended December 2018. The loss widened as the lender s... Read more
Manimekhalai New ED Canara Bank
A Manimekhalai has taken charge as the Executive Director at Canara Bank. She was previously with Vijaya Bank as General... Read more
KVB Net Profit Slips 70% In Q3
Karur Vysya Bank’s net profit at the end of the third quarter of the current fiscal nosedived 70.3 per cent to ₹21.2... Read more
Now, Voice Bot Tia To Disburse Loans For Tata Capital
Tata Capital has launched a voice bot that disburses personal loans without human intervention. Tia, the voice-enabled b... Read more
Bajaj Allianz Life Insurance Gross Written Premium Rises To ₹ 5,567 Crore
Private sector Bajaj Allianz Life Insurance has posted a 13.4 per cent increase in gross written premium to ₹5,567 cro... Read more
Insurers Seek Alternative To Aadhaar E-KYC As Instant Policies Get Delayed
Insurance companies are trying to work out alternative solutions to Aadhaar-based e-KYC authentication as instant policy... Read more
RBI Imposes Monetary Penalty On Seven Banks
The Reserve Bank of India has imposed a monetary penalty of ₹1.50 crore each on Allahabad Bank, Bank of Maharashtra an... Read more
NBFC Crisis Roils Corporate Bond Sales, Dips 13% To ₹4 Lakh Cr Till December
Witnesses higher cost of borrowings post-August 2018 across all the rating categories Read more
Govt Introduces IFSC Bill In Rajya Sabha
It provides business and regulatory environment that is comparable to other leading international financial centres like... Read more
Q3 Results: Reliance Home Finance Net Up 37 Per Cent
The company’s assets under management moved up by 24 per cent to Rs 18,288 crore Read more